High-performance pigments are pigments with low toxicity and poor permeability, as well as outstanding permanence, high colour fastness, and dissolution rate in a variety of adhesives.
High-performance pigments are used in coatings for vehicles, trains, ships and aircraft. The emergence of next-generation automotive and the global progression of transportation networks give High-Performance Pigments a widespread impact amid the volatility in the automotive industry.
Global demand for clean, vibrant colours with high resistance properties for a broad array of applications continues to drive the market for high-performance pigments.
Efficiency in performance, application resilience and good return economics for all stakeholders are the three key aspects of an HPP. HPPs are pigments that have very good to excellent durability features. Light, heat, humidity, organic solvents, water, and detergents are all resistant to them.”
The “three E’s that highlight high-performance pigments:
- Efficacy (technical performance),
- Economy (consumer advantages), and
- Environment (ecological and toxicological safety),
are all factors to consider.
Effectiveness is the most prominent of the E’s outlined above. An effective high-performance pigment might be many different things regardless of the industry.
For instance –, in the automotive market, a high-efficiency pigment is required to resist severe weather -where pigments have had to cope with high UV levels and being covered in snow – while still supplying the high-quality finish intended on a vehicle.
Something like this may be said for the plastics industry. When making plastics that will be exposed to the weather, such as PVC pipes, frame panes, vinyl flooring, and drains, high-performance pigments are required. HPPs guarantee that the colour of these items is uniform over huge volumes and that they can withstand harsh (and therefore flexibility in plastics).
In terms of value, the global High-Performance Pigments Market is estimated to grow at a 4.6 percent annual pace from USD 5.14 billion in 2019 to USD 7.40 billion by 2027.
Increasing demand for automotive coatings is thought to be a key factor in boosting growth. Exceptional features such as searing heat and light endurance, extended working life, and higher efficiency differentiate high-performance pigments, making them desirable for a variety of applications in a variety of industries.
The table below represents the specific details of the market trend of HPPs.
Dimensions | Descriptions |
Reference year of Projection | 2019 |
Timeframe of predictions | 2020-2027 |
Trade Extent | Revenue in USD Mn |
Marked regions | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Coatings were the largest global segment in 2019, accounting for almost half of global demand. Under the adhesives section, an automotive coating is a vital application, followed by various industrial applications and ornamental coatings. Plastic is likely to grow rapidly during the forecasted period. Despite this, due to reasons such as fast automation in both industrialized and developing nations, ink applications are expected to grow slowly.
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