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.

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“High Performance Pigments Market, by Type (Organic - Benzimidazolones, Quinacridones, Perylenes, DPP and Inorganic/Metallic - Bismuth Vanadate, Cadmium), Application (Coatings, Plastics, Inks, Cosmetic Products)—Global Trends & Forecasts to 2021”.

The coatings application segment accounted for the leading share of HPPs market in 2015. Other applications such as plastics, inks, and others also account for a significant share of the overall market. The use of HPPs in cosmetic products and in the textile, industry is in their initial phase and are expected to grow significantly.

Asia-Pacific held the largest share of the global HPPs market, in terms of value, in 2015. Asia-Pacific is closely followed by North America. It is also the fastest-growing market for HPPs in the world. Growing urbanization and industrialization, increasing demand for HPPs in plastics, cosmetic products, and coatings applications is driving the demand for HPPs in the Asia-Pacific region.

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Some of the 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). Most of the companies have adopted expansions and new product launches as their development strategies to sustain in the global HPPs market.

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