New exclusive market data forecasts a healthy year-on-year expansion in world demand for high-performance pigments as well as high-performance paints and coatings. Two new reports from Smithers, The Future of High-Performance Pigments to 2021 and The Future of High-Performance Paints and Coatings, chart both of these markets and the similar trends that are affecting each.
In 2016, high-performance pigments (HPPs) had a global volume market of 178,844 tonnes – with an overall value of $4.76 billion (€4.33 billion). Across the next five years this will accelerate steadily at a compound annual growth rate (CAGR) of 3%, reaching 206,921 tonnes in 2021 – with a world market value of $5.49 billion.