Improving automotive coating applications, growing demands from the aerospace and transportation sectors, increasing use of paints and coatings, coupled with ongoing pigment-related advancements, are some of the factors that will drive the growth of the high-performance pigment industry.

The global  High-Performance Pigments Market is forecast to reach USD 7.40 Billion by 2027, according to a new report by Reports and Data. High-performance pigments (HPPS) are both organic and intangible pigments with strong insolubility, heat resilience, color strength, temperature and light speed properties, fastness of bleeding and solvents, and low movement. High-Performance pigments are used in a wide range of outdoor applications, including signage, advertising, and decals. Also, these pigments are used in indoor applications such as floor and wall coverings and specialized labels printing ink such as retort labels, protective ink, metal decorating ink, color filters, and electrophotographic toners used in liquid crystal show. Growing demand for high-performance pigments in automotive and industrial coatings, plastics, and cosmetics is a significant driving force in the growth of the High-Performance Pigments industry. Besides, the strong demand for High-Performance Pigments is driving market growth due to its wide variety of uses, outstanding efficiency, and relatively low environmental effects. Numerous RD efforts for the production of emerging high-performance pigment innovations such as nano-pigment technology are also driving the market growth.

The high cost of High-Performance Pigments, however, is a major limiting factor for market development. The high price is due to its features, such as excellent heat tolerance and good light resistance, and intangible pigment opacity. Bismuth vanadate pigments are environmentally safe and are used with strong camouflage capacity and gloss for the manufacture of orange, bright yellow, green, and red colors. Due to the heat tolerance and suitable strength of these pigments, cadmium pigments are used in thermosetting and thermoplastic powder coatings. Rising demands for environmentally friendly products in various industries such as coatings, the organic segment is expected to witness high growth. Organic pigments such as quinacridones, perylenes, perigones, and pyrrole dikes provide red to orange shades, enhancing weather and light speed,

Key companies profiled in the report include

Merck Performance Materials, Sudarshan Chemical Industries Ltd., Horsta Chemicals Zhuhai Co. Ltd., Vijay Chemical Industries, BASF SE, Voxco Pigments and Chemicals Pvt. Ltd., Sun Chemical, DIC Corporation, Meghmani Pigments, and Heubach, among others.

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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the High-Performance Pigments market.

The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each player along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.

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The regional bifurcation of the regional key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.

The key geographical regions analyzed in the market report are:

• North America (USA, Canada)
• Europe (UK, Italy, Germany, France, Rest of EU)
• AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)

High-Performance Pigments Market Segmentation based on Types:

Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

• Organic
• Inorganic

End-Use Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)

• Automotive Transportation
• Construction Infrastructure
• Printing
• Industrial
• Others

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

• Coatings
• Plastics
• Inks
• Cosmetics
• Others

Further key findings from the report suggest

• Based on the product, intangible pigment generated a revenue of USD 2.79 billion in 2019 and predicted to rise with a CAGR of 5.5% in the forecast period as they are usually metallic precipitated salts and not carbon-based, thus witnessing strong demand marks emerging economies such as the Asia Pacific and the Middle East.
• The automotive and transportation is expected to grow with a CAGR of 5.1% in the forecasted period, owing to the rise of next-generation automobiles and the advancement of transportation networks globally.
• The coating application is the major contributor to the High-Performance Pigments Market. The automotive transportation sectors of the Asia Pacific region are the major shareholder of the market and held around 47.2% of the market in the year 2019, owing to the increasing demand from various forms, typically, from the coating coating followed by other industrial applications and decorative coatings.
• The Asia Pacific dominated the market for silane in 2019. Driving the market is the strong emphasis of the area on cost-effective and creative procedures being implemented in the industry. The Asia Pacific region held approximately 36% of the market, followed by North America, which contains around 29.1% market in the year 2019.

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