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.
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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.
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.
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