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. Key strategies
such as expansions and new product launches are adopted by the major players to
meet the demand of end users. The major HPPs manufacturers are also focusing on
merger & acquisition activities to strengthen their market position by
increasing their share in the HPPs market.
Major
players operating 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).
BASF
SE (Germany) is one of the leading HPPs manufacturers in the world. The company
has been focusing on expansion activities to maintain its leading position in
the market. For instance, in December 2015, BASF SE invested in its Nanjing,
China production site to increase its high-performance diketopyrrolopyrrole
pigments (DPP) production capacity. This helped the company to strengthen its
position in the global HPPs market.
Clariant
AG (Switzerland) is another major player in the global HPPs market. The company
has been focusing on expansion and merger & acquisition activities as part
of its strategic development activities. In November 2014, the company
inaugurated the new extension of its pigments production facility in Roha,
India, to cater to the rising demand of HPPs in the Asia-Pacific region.
In
September 2013, Clariant acquired the organic pigment business of Jiangsu
Multicolor Fine Chemical Co., Ltd (China). As a part of this project, Clariant
decided to build a pigment plant in Zhenjiang, Jiangsu Province. This will help
the company to expand its pigments business in China and other Asia-Pacific
countries.
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This
report provides a detailed analysis of the HPPs market and segments the same on
the basis of type, application, and region. Based on type, the market has been
segmented into organic and inorganic HPPs. Based on application, the market has
been segmented into coatings, plastics, inks, cosmetic products, and others.
Based on region, the market has been segmented as North America, Western
Europe, Central Europe, Asia-Pacific, the Middle East & Africa, and Latin
America.
The raw material suppliers for the
HPPs market identified in the study are the suppliers of natural gas and its
derivatives, cadmium, cobalt, copper, titanium, and other metal oxides. HPPs
occur naturally during coal combustion process. The major value addition in the
HPPs industry is in the manufacturing process where agreat amount of efforts
and expertise is necessary to manufacture a pigment totally suitable to the
specific end-use application. These HPPs are either sold directly to the end
users or to the distributors.
Reference:
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