GVR Report cover High Performance Pigments Market Size, Share & Trends Report

High Performance Pigments Market Size, Share & Trends Analysis Report By Product (Organic, Inorganic), By Application (Coatings, Plastics, Inks, Cosmetics), By Region, And Segment Forecasts, 2016 - 2022

  • Published Date: Apr 2016
  • Report ID: 978-1-68038-804-6
  • Number of Pages: 130
  • Format: Electronic (PDF)
  • Historical Data: 2012 - 2014

Industry Insights

The global high-performance pigments market size was worth USD 4.39 billion in 2015. Growing demand for automotive coatings is presumed to play a key role in positively shaping the growth. As the name suggests, high-performance pigments are characterized by superior properties when compared to their conventional counterparts. These superior characteristics include high resistance to heat and light, enhanced fastness, and longer operational life, making them useful for various applications across multiple industries.

Automotive coatings is the key application area and hence it critically influences the demand for high-performance pigment. Rising demand for automotive coatings owing to increased automotive sales in the recent past has had a positive impact on the growth. Industry participants have been taking several key strategic initiatives such as capacity expansion and introducing superior high-performance products with an aim to serve the customer’s increasing needs.

U.S. high performance pigments market

However, such high-performance products are priced much higher when compared to their conventional counterparts. Such price disparity is anticipated to remain a key challenge for the market participants over the forecast period. Volatile raw material prices are also expected to pose threats to industry profitability.

Developed countries are expected to witness rapid growth in demand over the forecast period across numerous industries. Such robust growth prospects promise ample growth opportunities to the companies in the near future. Technological innovation related to superior products with enhanced properties is also estimated to offer abundant opportunities for growth and development.

Economies such as China and India are presumed to play a critical role in shaping the Asia Pacific high-performance pigments market over the forecast period. Rising disposable income and population have resulted in high demand for automobiles in the region. As automotive coatings is a major application for the market, rise in automobile demand is presumed to complement growth and development in near future. Developed regions are anticipated to witness moderate growth when compared to the developing regions.

Furthermore, growing environmental awareness and stringent regulatory frameworks are expected to result in high demand for high-performance pigments in the near future. Customer preference for bio-based products has resulted in industry participants taking several key initiatives to develop high-performance pigments from completely bio-based products. Such initiatives and technological advancements are expected to offer ample growth opportunities for the market participant over the forecast period.

Economic slowdown across the globe had hampered the market growth in the recent past. However, with a positive economic outlook over the forecast period, the market is presumed to witness rapid growth. These high-performance pigments are exposed to several regulations that govern their usage and raw materials. These regulations are established to safeguard customer interest and environmental issues.

Product Insights

High-performance pigments are categorized into organic and inorganic based on their origin. Organic pigments are derived from natural sources and contain carbon chains and carbon rings. These can be further classified into synthetic and natural segments. Synthetic ones are derived from petroleum products while the natural ones are derived from plant and animal sources.

Inorganic pigments, which are usually precipitated metallic salts, are not carbon-based. The inorganic pigments led the global market in the recent past and are presumed to continue the dominance over the forecast period. However, organic pigments have been penetrating the market at a rapid pace and are expected to experience a higher growth rate compared to inorganic products.

Emerging markets such as Asia Pacific and Middle East are characterized by the high demand for inorganic pigment in the recent past while developed regions such as Europe and North America have displayed high demand for organic pigments.

Application Insights

The key application segments include coatings, plastics, cosmetics, and inks. Coatings emerged as the leading application segment and accounted for over half of the global demand in 2015. Automotive coating is a key application under coatings segments, followed by other applications such as industrial and decorative coatings.

Global high performance pigments market

Plastic is projected to witness strong growth over the forecast period. However, applications such as inks are anticipated to witness sluggish growth owing to factors such as rapid digitization in both developed as well as developing regions. Stringent regulations related to food contact applications are expected to further hamper the growth, particularly for inorganic pigments.

Regional Insights

Europe led the global market for high-performance pigments with demand share exceeding 33.35% in 2015 attributed to high demand from multiple industries. Developed regions are less price-sensitive when compared to developing regions. Such a trend has resulted in developed regions dominating the global market.

Europe's automotive industry has also shown signs of recovery which are expected to further strengthen the regional demand. North America market is primarily driven by the growth of automotive coatings in U.S. Hence, it is expected to remain a major market for the key industry participants.

Emerging markets of Asia Pacific and Latin America are estimated to witness rapid demand growth over the forecast period. Rapid expansion of the automotive industry in China, India, Thailand, and Indonesia is expected to lead growth for the regional market. Concerns remain for the Brazilian economy which still remains soft.

High-performance Pigments Market Insights

The market was characterized by a few major companies in the past led by BASF, Clariant, and Ciba where these three companies enjoyed their patented high-performance pigment technologies. However, that scenario has completely changed and numerous new industry participants have emerged in the global platform.

Companies have been taking certain strategic initiatives to increase their production capacity and to enhance their product portfolio to cater to the growing demand, particularly in the developing regions. Prominent market participants include Sun Chemical, Clariant, BASF, Ferro, Vijay Chemical Industries, Meghmani Pigments, Sudarshan Chemical Industries Ltd., Voxco Pigments and Chemicals Pvt. Ltd., Horsta Chemicals Zhuhai Co. Ltd., Heubach, DIC Corporation, Trust Chem and Eckart GmbH, Merck Performance Materials, and Lansco Colors.

Report Scope 



Base year for estimation


Actual estimates/Historical data

2012 - 2014

Forecast period

2016 - 2022

Market representation

Revenue in USD Million & CAGR from 2016 to 2022

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

Country Scope

U.S., Germany, France, U.K., China, India, Brazil

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