San Francisco, 07 September 2018 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.
Browse full research report on 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: 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
- U.S.
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- India
- Middle East
& Africa
- Central &
South America
- Brazil
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.
For more information: www.grandviewresearch.com
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