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.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/high-performance-pigments-market
U.S. High Performance Pigments Market revenue by product, 2012-2022, (USD Million)
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.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the high performance pigments market on the basis of product, application and region:
High Performance Pigment Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2022)
·
Organic
·
Inorganic
High Performance Pigment Application Outlook (Volume, Kilo Tons,
Revenue, USD Million, 2012 - 2022)
·
Coatings
·
Plastics
·
Inks
·
Cosmetics
·
Others
High Performance Pigment Regional Outlook (Volume, Kilo Tons,
Revenue, USD Million, 2012 - 2022)
·
North America
·
U.S.
·
Europe
·
Germany
·
France
·
UK
·
Asia Pacific
·
China
·
India
·
Middle East & Africa
·
Central & South America
·
Brazil
No comments:
Post a Comment