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Increasing Demand for Automotive and Construction Sectors to Aid Expansion of Global High Performance Pigments Market

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Published on : Jan 05, 2017

ALBANY, NY, Jan 05, 2017: The report provides a granular analysis of the various factors impacting the global high performance pigments (HPP) market’s trajectory. It segments the market based on various parameters to minutely study the various factors and trends impacting the market across its key segments. Compiled to provide readers a better perspective of the global high performance pigments market, the study also includes vivid recommendations about strategies that could benefit the market players in the near future. 

The global high performance pigments market is forecast to exhibit a CAGR of 4.21% between 2016 and 2021. The growth rate at which the industry is poised to expand is fuelled by the soaring demand from the automotive and construction sectors for advanced coatings. In addition, the rising coating applications in plastics, textile, inks, and cosmetics industries is helping the market gain accelerated pace.  

While the inorganic high performance pigments still enjoy the lion’s share in the market, the demand for organic HPP is forecast to advance at a faster pace over the forecast period on account of the increasing environmental regulations. The high applicability of the organic variant of HPP will also help the market grow over the course of the forecast period. Regionally, APAC is expected to report the highest CAGR in the near future. The regional market is mainly driven by the dynamic industrial trends, increasing vehicle production, rising textile and plastic consumption, and the increasing inclination of manufacturing companies towards setting up facilities across developing nations. On account of stagnant opportunities in the developed market, the leading players are shifting focus towards emerging nation to capitalize on the opportunities prevalent therein.

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For the purpose of the study, the report presents a detailed segmentation of the global high performance pigments market. In terms of type, it has bifurcated the market into organic and inorganic. By application, the global HPP market can be segmented into plastics and textiles, cosmetics, inks, coatings, and others. Also geographically, North America, APAC, EMEA, and Rest of the World comprise the key regional markets in the global high performance pigments market. 

According to the report, the market is expected to witness lucrative opportunities in countries such as the U.S., Mexico, China, Canada, India, Japan, Brazil, Indonesia, Germany, Saudi Arabia, and the U.K. While in developed markets, the prevalence of a sophisticated infrastructure will be at benefit for the market, favorable regulations will promote its growth across emerging nations. 

In order to present an executive-level blueprint of the market, the report also profiles some of the leading players operating therein. These include BASF SE, Solvay SA, Huntsman Corporation, Sudarshan Chemical Industries Ltd., Clariant AG, Ferro Corporation, Eckart Effect Pigments, Sun Chemical Corporation, Heubach Gmbh, Eckart Effect Pigments, and others. 

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