High Performance Organic Pigments Market: Global Industry Size, Demand, Trends and 2027 Future Report

High performance organic pigments are currently gaining immense momentum across a variety of applications, right from automotive coatings to industrial plants, boasting of multiple requirements. These pigments have been characterized by their superior exceptional weather characteristics, along with exclusive benefits in terms of high value-added economics and persistence in application.

Product developments in this field have, indeed, paved the way for the high-performance organic pigments market to seize a significant market share in the overall bulk and specialty chemicals industry. For instance, LANXESS, a German specialty chemicals firm, had in 2019 announced launching the new Levanyl X range.

As per company officials, the new range of organic pigments is deemed suitable for use in decorative paints and as colorants for paper, inks, wood preservatives, synthetic leather, and other applications. Amidst the umpteen applications, the heightened use of high performance organic pigments is generally observed across the automotive industry.

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Establishing the connection between high performance organic pigments and their use in the thriving automotive space
Growing consumer expectations and changing color preferences are increasingly transforming the automaking business worldwide, especially across the Asia Pacific region. This can be associated with a prolific rise in personal incomes and a notable demand for effective mobility.
Color plays a key role in the selection of a new vehicle; this is where pigments come in handy. A rapidly changing consumer base, globalization of the automotive space, and rising expectations for higher functionality and performance are now driving current trends in automotive paints and coatings.

Driven by a robust demand across the automotive vertical, the global high-performance organic pigments market is set to experience incredible growth in the years ahead. Thanks to the global penetration of industry conglomerates and players, including BASF SE, Sun Chemical, Ferro Corporation, and others.

These industry behemoths have been engaging themselves in marketing gimmicks and tactics which allows them to score an edge over others in the ever-evolving chemicals business space. Moreover, the firms have also been emphasizing on the development of products that comply with international

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Company Profiles:
o Heubach GmbH
o Sun Chemical
o Clariant AG
o BASF SE
o Lanxess AG
o Synthesia A.S.
o Solvay SA
o Sudarshan Chemical
o Ferro Corporation
o Atul Ltd

Impact of COVID-19 and other restraining factors on high performance organic pigments demand
Increased cost of high-performance organic pigments is one of the major factors which is currently restricting the adoption of these chemicals. Additionally, governments enforced lockdown in numerous regions given the massive spread of coronavirus infection worldwide, which has caused major production and supply chain disruptions.

However, gradual ease of restrictions on movement over the next few months and beyond is expected to present lucrative opportunities for high performance organic pigments market and manufacturers globally.

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https://www.wdfxfox34.com/story/43552140/butyric-acid-market-is-projected-to-exceed-405-million-by-2027-says-global-market-insights-inc

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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