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.
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This Report @ http://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.
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@ http://www.grandviewresearch.com/industry-analysis/high-performance-pigments-market/request
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc.
United States
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sales@grandviewresearch.com
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