High-Performance Pigments Market are inorganic and organic pigments with high insolubility, color strength, thermal stability, weather, and lightfastness qualities, bleeding and solvent fastness, and low migration. HPPs are utilized in a wide range of outdoor applications, including signage, advertising, and decals. Furthermore, these pigments are employed in indoor applications such as floor and wall coverings, as well as printing inks for specialty packaging such as retort packaging, metal decorative inks, security inks, electrophotographic toners, and color filters for liquid crystal displays.
The growing need for High-Performance Pigments Market in the automotive and industrial coatings, plastics, and cosmetics industries is a major driver driving the HPPs market's rise. Furthermore, there is a considerable demand for HPPs due to their diverse application range, great performance, and relatively low environmental impact.
In 2016, the inorganic sector dominated the market. This is due to the inorganic High-Performance Pigments Market's great stability, durability, and opacity. Bismuth vanadate pigments are eco-friendly and are utilized in the production of orange, vivid yellow, green, and red colors with high hiding power and gloss. Cadmium pigments are utilized in thermosetting and thermoplastic powder coatings due to their high performance and heat resistance. The organic segment is predicted to increase rapidly, owing to the rising demand for environmentally friendly products in industries such as coatings. Organic HPPs, such as perylenes, perigones, quinacridones, and diketo pyrrolo pyrroles, have red to orange hues with improved weather and lightfastness, heat stability, and average migratory qualities.
Coatings is the most important application segment, with automotive coatings accounting for the most revenue. According to the India Brand Equity Foundation, a trust formed by the Department of Commerce, Ministry of Commerce and Industry, Government of India, the Indian automobile market would grow at a CAGR of 25% between 2012 and 20. This is likely to boost growth in the automotive coatings sub-segment. Architectural coatings made of polyvinylidene difluoride (PVDF) withstand fading, dampness, chalking, abrasion, and chemicals while retaining gloss, colour, and appearance. They are commonly utilised in metal roofing, wall panel systems, and other applications. Growing demand for polyvinylidene difluoride (PVDF) architectural coatings is also fueling coatings application growth in the HPPs market.
Comments
Post a Comment