Technology Advancement in high performance pigments market

HPPs Market by Type (Organic, Inorganic, and Hybrid), Application (Coatings, Plastics, Inks, Cosmetics), End-use Industry (Automotive & Transportation, Construction & Infrastructure, Printing, Industrial), and Region - Global Forecast to 2024

BASF SE (Germany), Clariant (Switzerland), DIC Corporation (Japan), Ferro Corporation (US), Lanxess (Germany), Sudarshan Chemical Industries Limited (India) are the major players in the HPPs industry. BASF SE (Germany) and Clariant (Switzerland), are one of the leading companies and the largest contributor to the growth of the global HPPs market. These companies are specialized in manufacturing HPPs having sustainable properties. BASF SE (Germany) specializes in offering a wide range of HPPs. It provides both inorganic and organic pigments.  The company has a vast global presence. In April 2017, BASF announced its partnership with Landa Labs (Israel). The Landa Labs has helped BASF to produce ultra-high transparency pigments for automotive coatings.

Clariant (Switzerland), is the second-largest player in the HPPs market. The company is engaged in the business of developing, manufacturing, distributing, and selling a wide range of specialty chemicals including HPPs. The company operates in various regions including Europe, APAC, North America, Latin America, and MEA. In April 2019, Clariant launched the first bio-based version of pigment-Red 254. The pigment will be used mostly for automotive coatings.

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The automotive & transportation industry is expected to be the fastest-growing end-use industry for the HPPs market.

The HPPs find major applications in coatings for cars, trains, aircraft and ships. Despite the turmoil in the automotive industry, there is a broad scope for HPPs from the growth of next-generation vehicles and developing transport systems, globally. HPPs would be used in high-end luxury cars, battery electric vehicles, and plug-in electric vehicles. They would also be used in trains, aircraft, and ships during the forecast period.

Clariant (Switzerland), is the second-largest player in the HPPs market. The company is engaged in the business of developing, manufacturing, distributing, and selling a wide range of specialty chemicals including HPPs. The company operates in various regions including Europe, APAC, North America, Latin America, and MEA. In April 2019, Clariant launched the first bio-based version of pigment-Red 254. The pigment will be used mostly for automotive coatings.

Recent Developments

• In april 2017, BASF announced its partnership with Landa Labs (Israel). The Landa Labs has helped BASF to produce ultra-high transparency pigments for automotive coatings.  .
• In april 2019, Clariant company launched the first bio-based version of pigment-Red 254. The pigment will be used mostly for automotive coatings.
• In August 2019, DIC Corporation has made a definitive agreement with BASF SE (Germany) to acquire its global pigments business unit.

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Organic HPPs market comprises a significant share of the HPPs market, in terms of value.

The organic HPPs comprise major share in the HPPs market. They contain carbon chains and carbon rings. The inorganic HPP are precipitated metallic salts and do not contain chains and contain elements such as lead, cadmium, manganese among others. The hybrid HPP is made mixing both the organic and inorganic HPP. The organic HPP also offers better brightness and is high in chroma and thus offers a more glossy effect to the applications it is used in. Therefore, the demand for these HPP is larger.

The coatings application accounted for the largest market share in the global HPPs market during the forecast period.

Coatings application is very crucial in the HPPs market and accounts for the significant share in the HPPs market. HPPs are the key coating element of many end-use industries such as automotive & transportation, construction, and industrial, as these pigments not only offer color but also enhance their sustainability. They are applied as a coating on various exterior and interior parts in these end-use industries. The use of HPPs in coatings application imparts high insolubility, color strength, heat stability, weather, and light fastness properties, which are of crucial importance in various end-use industries.

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