The global HPPs market was valued at US$ 5.06 billion in 2016 and is expected to reach US$ 7.22 billion by 2025, registering a CAGR of 4.0% over the forecast period (2017-2025) according to a High Performance Pigments Market, by Product Type (Organic and Inorganic), by End-use industry (Coatings, Cosmetic Products, Inks, Plastics And Others). High performance pigments are pigments that offer excellent performance and have properties such as enhanced light fastness, weather-fastness, fastness to chemical exposure, high heat stability, and low solubility for system and migration application. They are primarily used in applications that require excellent weather and light fastness such as outdoor signs, automotive coatings, and exterior house paints. Growing demand for highly durable coatings such as coil coatings, marine coatings, exterior masonry coatings, and others is propelling growth of the HPPs market. Increasing usage of HPPs in cosmetics, ink jet printing, and plastic industry is further driving growth of HPPs market. However, relative high cost per unit weight is the major restraint to this industry growth.
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Key Trends and Analysis of the HPPs Market:
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Key players operating in the global HPPs market include BASF SE, Clariant AG, Huntsman Corporation, Lanxess AG, Solvay SA, Heubach GmbH, Sun Chemical Corporation, Ferro Corporation, Merck KGaA, and Synthesia A.S.
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