The global High Performance Pigments Market is expected to reach USD 6.32 billion by 2022,
according to a new report by Grand View Research, Inc. Growing of automotive
coatings demand on account of increasing automobile production particularly in
Asia Pacific is expected to remain a key driving factor for the global High
Performance Pigments Market.
The growth of global
personal care industry is also expected to have a positive influence on the
market growth. Volatile raw material prices coupled with the high price of
these pigments is expected to remain a key challenge for market participants.
The market displays high competition among its industry participants which has
resulted in companies taking strong measures to reduce manufacturing costs and
yet provide superior quality products.
Inorganic high performance
pigments emerged as the leading product segment with demand share exceeding 60%
of the global market in 2014. However, organic high performance pigments are
presumed to witness a faster growth rate on account of changing customer buying
patterns and favorable regulatory scenario.
Access Research Report of High Performance Pigments Market @:
www.grandviewresearch.com/industry-analysis/high-performance-pigments-market
Further key findings from the report suggest:
· Global High Performance Pigments Market
demand was 154.8 kilo tons in 2014 and is expected to reach 233.0 kilo tons by
2022, at a CAGR of 5.2%from 2015 to 2022.
· Coatings were the leading application
segment and accounted for 59.9% of total market volume in 2014. Growth of
global automotive coatings industry is expected to drive this segment over the
forecast period. It is also expected to witness the highest growth of 5.4% over
the forecast period. Developments in the ink jet printing technology are
expected to lead high performance pigment demand in the ink industry.
· Europe dominated the global market with
demand share estimated at 31.8% in 2014. Developed markets of North America and
Europe have had their dominance in the past. However, the recent economic
downturn critically impacted key end-use industry growth in these regions.
Recovery of U.S. automotive industry from the economic downturn is expected to
re-establish high performance pigment demand in North America.
· Asia Pacific is expected to witness the
highest growth of 6.0% from 2015 to 2022. Increasing automobile production in
China, India, Thailand and Indonesia is expected to drive the regional market
over the forecast period.
· The global high performance pigment
industry was once recognized by a few multinational corporations. However, the
advent of globalization has led new entrants in the industry. Companies have
been taking key strategic initiatives to enhance their product portfolio and
penetrate the market deeper by targeting applications such as cosmetics, inks,
and plastics. Some leading companies in the global market include Sun Chemical,
Clariant, BASF, Ferro, Heubach, Sudarshan Chemical Industries Ltd, Merck,
Eckart Effect Pigments and Horst Chemicals Zhuhai Co. Ltd.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has
segmented the high performance pigments market on the basis of product,
application and region:
High Performance Pigment Product Outlook (Volume, Kilo
Tons, Revenue, USD Million, 2012 - 2022)
·
Organic
·
Inorganic
High Performance Pigment Application Outlook (Volume,
Kilo Tons, Revenue, USD Million, 2012 - 2022)
·
Coatings
·
Plastics
·
Inks
·
Cosmetics
·
Others
High Performance Pigment Regional Outlook (Volume, Kilo
Tons, Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
·
Europe
o
Germany
o
France
o
UK
·
Asia Pacific
o
China
o
India
·
Middle East & Africa
·
Central & South America
o
Brazil
Access Press Release of
High Performance Pigments Market@: www.grandviewresearch.com/press-release/global-high-performance-pigments-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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