HIGH PERFORMANCE PIGMENT MARKET ANALYSIS

Regional Analysis

Global High performance pigments market- Regional Insights

Asia Pacific is the largest growing region in the global HPPs market, owing to rapid growing automotive, cosmetics, and other industries especially in emerging countries such as India, China, and South Korea. The cosmetics end-use industry in the region is growing at a rapid pace, and thus, creates a conducive growth environment for the global high performance pigments market. For instance, according to the International Trade Association, the cosmetics market was valued in, the South Korea market for cosmetics reached a value of more than US$ 15.72 billion in 2021. The South Korea cosmetics market is expected to reach US$ 21.57 billion by forecast period

Figure 2. Global High performance pigments market, By Region, 2022

North America is the second largest market, owing to rising demand for HPPs in coatings, plastic, and other industries. For instance, Canada Revenue in the Cosmetics market amounts to US$ 8.15bn in 2023. The market is expected to grow significantly for the forecast period.

Europe is a lucrative market for HHPs, owing to rising demand for HPPs for application in cosmetics, automobiles, and plastic industries. For instance, Germany reported 36,900 new car passengers in February 2022 and got 76,500 new car passengers in February 2023, with a 4.5% increase. And also expected significant growth for the forecast period (2023-2030).

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa