Organic Pigments is Fastest Growing Segment Fueling the Growth of High Performance Pigment Market
The global High Performance Pigment Market is estimated to be valued at US$ 6.55 Bn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: High performance pigments are compounds that impart superior properties like heat resistance, lightfastness and corrosion protection. They are used in premium products across industries like automotive, industrial coatings and plastics. Market Key Trends: One of the key trends driving the market growth is the increasing use of organic pigments. Compared to inorganic pigments, organic pigments offer better color shades, opacity and tinctorial strength. They are preferentially used in industries where aesthetics and color performance holds prominence like printing inks, plastic colorants and coatings. The rising consumption of these end use industries will support the growth of organic pigments in the coming years. Segment Ana...