Kerry Pianoforte, Editor08.10.16
The high performance pigments market is posed for steady growth worldwide, according to the Smithers Rapra report, “The Future of High-Performance Pigments to 2021.” Analysts anticipate a global volume market of 178,844 tons in 2016, with an overall value of $4.76 billion. Across the next five years, Smithers Rapra predicts the market for high performance pigments (HPP) will accelerate steadily at a compound annual growth rate (CAGR) of 3 percent, reaching 206,921 tons in 2021 – at this time world market value will be $5.49 billion.
According to the Smithers Rapra report, with a 54 percent market share, coatings remain the most significant end-use for HPPs, followed by plastics, inks and cosmetics, respectively. The fastest developing end-use segment is textiles, although it will remain at approximately 2 percent of global consumption across the Smithers study period. In terms of volume consumption, metallic pigments comprise 43 percent of the 2016 market – with consumption pronounced particularly in Europe – followed by pearlescent and organic HPPs.
The market is evolving against a backdrop of dynamics, some of which
According to the Smithers Rapra report, with a 54 percent market share, coatings remain the most significant end-use for HPPs, followed by plastics, inks and cosmetics, respectively. The fastest developing end-use segment is textiles, although it will remain at approximately 2 percent of global consumption across the Smithers study period. In terms of volume consumption, metallic pigments comprise 43 percent of the 2016 market – with consumption pronounced particularly in Europe – followed by pearlescent and organic HPPs.
The market is evolving against a backdrop of dynamics, some of which
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