High performance pigments are renowned for their superior performance, high economic value added, and endurance across a range of applications. The end-use cosmetics market is expanding quickly, which in turn is fostering a favorable environment for the market for high performance pigments. For instance, the International Trade Association, USA, estimated the South Korean cosmetics industry at USD 7.1 billion in 2016, while local production and exports climbed by 8.2 percent and 61.6 percent, respectively, over 2015. As a result, the market is projected to accelerate largely over the forecast period.
