High Performance Pigments (HPP)
Organic - Benzimidazolones, Quinacridones, Perylenes, DPP
Inorganic/Metallic - Bismuth Canadate, Cadmium
Application (Coatings, Plastics, Inks, and Cosmetic Products)
High Performance Pigments Market worth 5.71 Billion USD by 2021
High Performance Pigments Market include coatings, plastics, cosmetics, and inks. High performance pigments are categorized into organic and inorganic based on their origin. Organic pigments are derived from natural sources and contain carbon chains and carbon rings. These can be further classified into synthetic and natural segments. Synthetic ones are derived from petroleum products while the natural ones are derived from plant and animal sources.
High performance pigments (HPPs) are inorganic and organic pigments that exhibit high insolubility, color strength, heat stability, weather and light fastness properties, bleeding and solvent fastness, and low migration. These are primarily used in outdoor applications such as signage, advertising, and decals, and also for indoor applications such as floor and wall coverings. They are also used in printing inks used for specialty packaging such as retort packaging, metal decorating inks, security inks, electrophotographic toners, color filters used in liquid crystal displays.
Inorganic pigments, which are usually precipitated metallic salts, are not carbon based. The inorganic pigments dominated the global industry in the recent past and are presumed to continue their dominance over the forecast period. However, organic pigments have been penetrating the market at a rapid pace and presumed to experience a much higher growth rate compared to inorganic products.
High performance pigments (HPP) and special effect pigments, such as metallic and pearlescent, are used as automotive coatings and are currently a nascent market in India. The Indian dyestuff and pigments industry is highly fragmented with large number of small players in the unorganized sector. There are around 50 players in large scale and organized sector, located mainly in Gujarat and Maharashtra.
India has grown significantly as a producer and exporter of organic pigments, particularly phthalocyanine blue, green and some high performance pigments. India is amongst the largest sources of coloured organic pigments, competing with China for a dominant share of the export market.
The global High Performance Pigments Market is expected to reach USD 6.32 billion by 2022. 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.
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.
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.
The global HPPs market will grow at a significant pace during the forecast period. This is mainly due to the high demand for HPPs from the automobile segment. The high performance pigments market is posed for steady growth worldwide. The market for high performance pigments (HPP) will accelerate steadily at a compound annual growth rate (CAGR) of 3 percent, reaching 206,921 tons in 2021 – at this time world market value will be $5.49 billion.
High Performance Pigments Industry, Pigment Production, Performance Pigments, Organic & High Performance Pigments, HPP, Organic - Benzimidazolones, Quinacridones, Perylenes, DPP and Inorganic/Metallic - Bismuth Canadate, Cadmium), Application (Coatings, Plastics, Inks, and Cosmetic Products), 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).,Cosmetic products and coatings for decorative and automotive coatings is driving the market for HPPs in these regions., High Performance Pigments (HPPs), High Performance Organic Pigments, (Industrial Coatings, Decorative Coatings, Industrial Organic Pigments, Industrial Inorganic Pigments