The production and distribution of high-performance pigments from 2015 to 2025 is subject to an unprecedented set of circumstances that are creating dramatic change in business conditions. These critical changes, including the impact of COVID-19, are outlined in a recent report from Smithers, The Future of High-Performance Pigments to 2025.
The market intelligence identifies global demand for high-performance and special-effect pigments at an estimated 217,100 tonnes, with a value of $6.22 billion in 2020, the year the study was published. Due to the pause created by the global coronavirus outbreak, the report identifies a 12% drop in 2020 value when compared to 2019, caused by restrictions on economic activity and industry closures across the world.