Rising Demand from Various Applications Dominating High Performance Pigments Market
The report "High Performance Pigments Market" by Type (Organic - Benzimidazolones, Quinacridones, Perylenes, DPP and Inorganic/Metallic - Bismuth Canadate, Cadmium), Application (Coatings, Plastics, Inks, and Cosmetic Products) - Global Trends & Forecasts to 2021", size was USD 4.56 Billion in 2015 and is projected to reach USD 5.71 Billion by 2021, witnessing a CAGR of 3.81% between 2016 and 2021. The market is expected to be driven by the growing demand in Asia-Pacific and rapidly increasing demand from existing applications.
Browse 92 market data Tables and 81 Figures spread through 147 Pages and in-depth TOC on "High Performance Pigments Market by Type (Organic - Benzimidazolones, Quinacridones, Perylenes, DPP and Inorganic/Metallic - Bismuth Canadate, Cadmium), Application (Coatings, Plastics, Inks, and Cosmetic Products) - Global Trends & Forecasts to 2021"
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Organic HPPs captures the maximum market share: The market for HPPs is segmented on the basis of types, namely, organic and inorganic/metallic HPPs. In 2015, organic HPPs captured the maximum share of the overall market and is also expected to witness high growth rate in the next five years. The demand of organic HPPs is increasing on account of their environmentally-friendly features, which make them suitable for use in various applications.
Growing demand from existing applications: The market for HPPs is also segmented on the basis of applications. The major applications of the HPPs market are coatings, plastic, inks, cosmetics, and others. Coatings is the leading application of the HPPs market due to its high demand in automotive and decorative coatings sectors. The demand of HPPs in cosmetic products and plastics is expected to grow significantly in Asia-Pacific and North America.
Asia-Pacific-The largest market: The market for HPPs is broadly segmented into six regions, namely, North America, Western Europe, Central Europe, Asia-Pacific, the Middle East & Africa, and Latin America. Asia-Pacific is the largest markets for HPPs closely followed by North America, in terms of value. The rising demand from applications such as cosmetic products and coatings for decorative and automotive coatings is driving the market for HPPs in these regions.
Currently, the global HPPs market is dominated by various market players such as BASF SE (Germany), Clariant AG (U.S.), Huntsman Corporation (Japan), Lanxess AG (Germany), Solvay SA (Belgium), Atul Ltd. (India), Sudarshan Chemical Industries Ltd (India), Heubach GMBH (Germany), Sun Chemical Corporation (U.S.), Synthesia A.S. (Czech Republic), Ferro Corporation (U.S.), and Gharda Chemicals Ltd. (India).
The research study is aimed at identifying emerging trends and opportunities in the global HPPs market along with a detailed classification of the market, in terms of value and volume. It provides a comprehensive competitive landscape and identifies the key players with respect to their market share. The research study also includes a detailed segmentation of the global HPPs market on the basis of application, type, and region.
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