The Future of High Performance and Specialty Pigments to 2019 provides strategic forecasts to 2019 broken down by pigment type, end use and geographic region and country, along with details of the latest technology trends, key market drivers and leading suppliers.
In the current highly competitive global business environment, application requirements have become increasingly demanding, helping to specify more clearly a definition of high-performance pigments. Producers of high-performance pigments strive to produce products with excellent durability, high colour strength, excellent dispersibility, chemical stability and low solubility. Furthermore, compatibility in diverse applications and compliance with diverse regulatory requirements add to their value.
According to the report, the principle market sectors for high-performance and specialty pigments are coatings (architectural, automotive and industrial), plastics, inks (especially in packaging), cosmetics, textiles, non-impact printing and electronics. The global pigments market has grown significantly over the past few years. Volatility in the prices of raw materials will affect the future growth of the market and trends. Rising cost of raw materials and ultimately pigment prices are affecting the application market. Customer demand for pigment purity and safety is steadily increasing, and pigment manufacturers should expect growing demand for providing regulatory support to customers.
There is an increase in demand towards the use of more specialised and unique end-use pigments. Small and niche players are also focusing on increased usage of specialised pigments such as thermochromic pigments and daylight fluorescent pigments. Also, due to production optimisation and streamlining measures, many customers are inclined towards waterborne dispersions rather than pigment powders. This trend is forecast to increase in the next few years. With the advent of new coating technology such as waterborne paint, in which pigments must perform to their expected level, the demand is expected to rise in the coming years.
Despite the move of dye and pigment production to Asia, especially India and China, HPP production is still largely in the control of European, American and Japanese companies. In 2013 the European and Asian markets are estimated to be of a similar in size and value at 59–61,000 tonnes and $1.5–1.6 billion. The expected faster growth of most Asian markets, especially in China and India, leads to the forecast that Asia will move ahead of Europe by 2019 to 75,856 tonnes and $1.88 billion compared with 65,542 tonnes and $1.73 billion. This is about 40% of the world market for HPPs and SPs.
Growth is forecast for the NAFTA region from 35 million tonnes to just over 40 million tonnes over the same period and their overall share of the global market will not change from a 21–22% share.
Stricter environmental mandates are impacting the availability of some key ingredients. In the aftermath of the recent financial crisis, suppliers are cautious about adding capacity, and they continue to closely manage their inventory, which leaves customers vulnerable to potential stock outs in the event of supply problems or a spike in demand.
The Future of High Performance and Specialty Pigments to 2019 is available to purchase online and receive immediately HEREfor £3950. A copy will also be at Smithers Rapra’s fall event, the Pigment and Color Science Forum.
To find out more about the report and how your company can benefit from a global usage licence, please contact: Brian Santos (US) T: +1 207 781 9618 or Bill Allen (UK) T: +44 (0) 1372 80202