HIGH PERFORMANCE PIGMENT MARKET ANALYSIS
The Global High performance market was valued at US$ 6.24 Bn in 2022, and is expected to exhibit a CAGR of 4.9%, in terms of revenue, over the forecast period (2023-2030), to reach US$ 9.13 Bn by 2030. High performance pigments (HPPs) are both inorganic and organic pigments with high insolubility, color strength, heat stability, solvent fastness, light fastness properties, and low migration. Organic pigments are derivated from natural sources which contain carbon chains and carbon rings, and inorganic pigments are precipitated metallic salts. HPPs are used in a wide variety of outdoor applications such as signage, advertising, and decals. Moreover, these pigments are also used in indoor applications such as floor and wall coverings, in printing inks that are utilized for specialty packaging such as retort packaging, metal decorating inks, security inks, electro photographic toners, and in color filters that are utilized in liquid crystal displays.
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