The report on global high-performance pigments analyses the market shares, size, recent trends, future market outlook, and competitive intelligence. High-performance pigments usage in the floor and wall coverings. Demand for automobiles, and construction in ‘Europe’ is booming. The competitive rivalry intensifies with BASF SE, Clariant AG, and others active in the market.
High-Performance Pigments are organic and inorganic pigments with excellent effectiveness that include superior ease of dispersion, and high coloring strength. Organic pigments are derivated from natural sources which contain carbon chains and carbon rings, and inorganic pigments are precipitated metallic salts.
Metrics |
Details |
Market CAGR |
7.8% |
Segments Covered |
By Type, By Application, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
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High-performance pigments exhibit high insolubility, heat stability, color strength, solvent fastness, light fastness properties, and low migration.
These are primarily used in outdoor applications like advertising and also for indoor applications such as floor and wall coverings.
The superior characteristics like high resistance to heat & light, and longer operational life, make them useful for multiple applications in various industry sectors.
Growing demand for coatings in multiple industries such as automobiles, construction, marine, and aerospace coupled with the increasing requirement in the cosmetic, plastic, and textile industry are significant drivers for the growth of the high-performance pigments market.
Due to the high performance of this pigment, they are more expensive compared to conventional Pigments.
The rise in automotive coatings demands is due to increased automotive sales in recent days. Manufacturers have been taking several vital initiatives such as the expansion of capacity and the introduction of high-performance products to reach customers’ needs.
The below statistics show information about the market share of high-performance pigments worldwide in 2016, by segment.
In 2016 coatings accounted for a share of 54.9% of the market.
Based on the type of the global market for high-performance pigments is classified into organic and inorganic pigments. These inorganic pigments occupied a significant market share. This is due to high-performance inorganic polymers' high stability, durability, and opacity.
However, organic pigments have been penetrating the market at a rapid pace in the forecast period because they are more environmentally friendly and suitable for usage in various applications. Stringent government regulations on the use of toxic products are also driving the organic pigments segment.
The Asia Pacific occupies the dominant share in the high-performance pigments market and is expected to grow at a CAGR of YY%.
This is due to rapid growth in automotive, cosmetics, and other sectors, especially in emerging countries such as China, India, and South Korea. For instance, according to the ITA – International Trade Association, USA, in 2016 the cosmetics market was valued at USD 7.1 billion in South Korea.
Additionally, increasing demand for high-performance pigments in automotive and aerospace coatings is fuelling the growth of the market. For instance, according to the Society of Indian Manufacturers, the domestic sales of automobiles in India were approximately 19 million in 2014-2015, and by 2015-2016 it reached around 21 million.
Significant players in the global high-performance pigments market are BASF SE, Clariant AG, Huntsman Corporation, Lanxess AG, Solvay SA, Atul Ltd., Sudarshan Chemical Industries Ltd, Heubach GMBH, Sun Chemical Corporation, Synthesia A.S., Ferro Corporation, Gharda Chemicals Ltd., and others.
Product launches, partnerships, and expansions are some of the strategies adopted by players to increase their market share. For instance, in November 2018, Lanxess AG launched a new generation of iron oxide red pigments on the market.
In July 2015, Ferro Corporation acquired Nubiola, a pigment manufacturing company. To strengthen the company’s position in the European market.
In June 2016, BASF SE launched its Colors & Effects brand, bundling BASF’s global pigments business.
What is the Projected CAGR value of the High-Performance Pigment Market?
The High-Performance Pigment Market is expected to grow at a CAGR of 7.8% during the forecasting period 2022-2029.
Which region controlled the global market during 2022-2029?
North America region Controls the High-Performance Pigment Market during 2022-2029
Which is the fastest-growing region in the High-Performance Pigment Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period