High Performance Pigments Market is projected to reach USD 5.71 Billion by 2021

The global high performance pigments (HPPs) market size was USD 4.56 billion in 2015 and is projected to reach USD 5.71 billion by 2021, registering a CAGR of 3.81% between 2016 and 2021.

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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HPPs are gaining momentum as they have superior properties, such as high lightfastness, fastness to chemical exposure, excellent weather fastness, and high heat stability, than conventional pigments. They also shows high color fastness and insolubility. These superior properties make these pigments suitable for applications, including automotive and decorative coatings, which require excellent light and weather fastness.

The coatings application dominated the HPPs market during the forecast period, closely followed by plastics in 2015. Cosmetic products is the expected to witness the highest CAGR between 2016 and 2021 due to growing beauty industry in North America, Europe, and Asia-Pacific. The growing automotive industry in the U.S., the Middle East, and Asia-Pacific countries such as China, Japan, and India is also driving the growth of this market.

The market for HPPs is classified on the basis of type: organic and inorganic/metallic HPPs. The HPPs market is dominated by organic HPPs because of their environmentally-friendly features. The organic HPPs segment is also projected to be the fastest-growing type of HPPs during the forecast period. It is most commonly used in the plastics, coatings, and cosmetic products applications.

Currently, Asia-Pacific is the largest market for HPPs, in terms of value, closely followed by North America. Asia-Pacific is also the fastest-growing market for HPPs due to high demand in automotive and construction industries. The presence of major developing nations such as China, India, and South Korea is also a major driver of HPPs in the region. The HPPs market in North America is also expected to grow significantly due to growing demand in cosmetic products application.

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The major players operational in the global HPPs market are 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). These companies have adopted various strategies such as expansions and new product launches to achieve growth in the global HPPs market.

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