Global High-performance Pigments (HPPs) Market 2017-2021

Overview of the global high-performance pigments (HPPs) market

Automotive coatings are increasingly used in OEM components such as cylinder heads, crank cases, transmission housings, and engine blocks. HPP-based automotive coatings are widely gaining popularity in the automobiles and transportation industries due to their durability, sustainability, resistivity, performance, efficiency, and cost-effectiveness. Research analysis on the global high-performance pigments (HPPs) market identifies the increased demand from the automobile industry to be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 3% by 2021.

In terms of geographic regions, APAC will be the major contributor of the HPPs market throughout the forecast period. The economic growth of the region that led to the growth of the major end-user industries including the construction and personal care sectors will be a major factor fueling the growth of the market in this region.  Additionally, the demand for automobile from countries such as India, Indonesia, Thailand, and Vietnam will also drive the market's growth prospects in this region. HPPs are mainly used in applications like coatings, plastics, and cosmetics.

Competitive landscape and key vendors  

The HPPs market consists of key global vendors holding the maximum market share. As part of their strategic initiatives to increase their production capacity, the key HPPs vendors focus on providing a wide range of products. The competitive environment of the market will intensify over the next few years with the rise in number of product applications through technological innovations and enhancement of features.

The leading vendors in the market are -

• Atul
• BASF
• Clariant
• Heubach Color
• LANXESS
• Sun Chemical
• Synthesia

The other prominent vendors in the market are ALTANA, CINIC, Ferro, GHARDA CHEMICALS, LANSCO COLORS, Meghmani, Merck, Sudarshan Chemical Industries, TRUST CHEM, and Vijay Chemical Industries.

Segmentation by type and analysis of the HPPs market

• Organic HPPs
• Inorganic HPPs

During 2016, the organic HPPs segment accounted for the major shares of this market. Properties such as the eco-friendliness, high dyeing, and exceptional chemical stability will contribute to the growth of the HPP market in this industry segment.

Segmentation by application and analysis of the HPPs market

• Coatings
• Plastics
• Inks
• Cosmetics

According to this market research report, the coatings application segment will hold the maximum share of the HPPs market until 2021. The utilization of HPPs in coatings due to their resistance to heat, light, humidity, water, and organic solvents and their increased usage in the automotive industry, will be the major factors driving the growth of the market in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global high-performance pigments (HPPs)market?
• What are the key market trends impacting the growth of the global high-performance pigments (HPPs)market?
• What are the challenges to market growth?
• Who are the key vendors in the global high-performance pigments (HPPs)market?
• What are the market opportunities and threats faced by the vendors in the global high-performance pigments (HPPs)market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global high-performance pigments (HPPs) market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global high performance pigments market insights into the significant trends and drivers stimulating the growth of the chemicals and materials industry. Our reports for the chemicals and materials industry also follow a scrupulous data collection methodology and presents an analysis of the dynamically changing market sector like specialty chemicals.

Also, to gain higher accuracy, our market research experts follow an extensive data collection approach and implement uniquely formulated analytic tools. The primary advantage gained from the adoption of this approach is better statistical models and vendor analysis. By considering, the surging demand for multiple segments of the specialty chemicals sector, the industry professionals at Technavio present a complete outlook of the high performance pigments market from 2017 to 2021.   

This forthcoming market research report on the high performance pigments market also covers vendors like BASF SE, Clariant AG, Huntsman Corporation, Lanxess AG, Solvay SA, Atul Ltd., and Sudarshan Chemical Industries Ltd. Furthermore, to presents clients the scope to identify potential market opportunities and expand in niche markets, this report on the high performance pigments market also covers geographies like the Americas, APAC, and EMEA. 

The upcoming industry research report for the high performance pigments market also categorizes the influencing trends, drivers and upcoming challenges that the specialty chemicals sector currently experiences. This upcoming report on the high performance pigments market presents insights into the rapidly changing vendor landscape to give clients an overview of the forthcoming events within the chemicals and materials industry. Technavio also presents in-depth market assessments into the sectors such as paints, coatings, and pigments and olefins.    

Technavio also offers clients the opportunity to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.