Pearlescent Pigment Is Fastest Growing Segment Fueling The Growth Of Pearlescent Pigment Market

 

The global Pearlescent Pigment Market is estimated to be valued at US$ 3.98 Bn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Pearlescent pigments are special effect pigments that impart shine and dazzle to paints, coatings, and other materials. They are commonly used in automotive and industrial coatings, cosmetics, plastics, and printing inks. The pearlescent effect results in a three-dimensional lustrous appearance with sparkle and floppy qualities.

Market Overview:

Pearlescent pigments are micronized platelet pigments that contain multiple layers of thin metal oxide coatings on a mica substrate. They offer unique optical properties owing to changing light diffraction and reflection. Their applications range from automotive coatings to cosmetics.

Market key trends:

One of the key trends in the pearlescent pigment market is the growing demand for organic pearlescent pigments. Organic pigments do not contain any heavy metals like conventional inorganic pearlescent pigments. They offer environmental friendliness and sustainability. The increasing regulations regarding usage of heavy metals is driving the demand for organic pearlescent pigments from industries like paints, coatings, and cosmetics.

Segment Analysis

The pearlescent pigment market is segmented by pigment type and end-use industry. The mica-based pigment segment dominates the market as it offers unique optical effects and is cost effective compared to the pearl essence segment. Mica-based pigments provide the characteristic iridescence desired for various decorative applications.

Key Takeaways

The global pearlescent pigment market is expected to witness high growth, exhibiting a CAGR of 4.7% over the forecast period, due to increasing demand for pigments offering aesthetic appeal in various industries.

Regional analysis

The Asia Pacific region dominates the pearlescent pigment market owing to the large-scale manufacturing of automotive coatings, paints, and plastics in China and India. The growing population and economic development in Asia Pacific countries offers vast growth opportunities for industries utilizing pearlescent pigments.

Key players

Key players operating in the pearlescent pigment market are BASF SE, Sudarshan Chemical Industries Ltd., Merck KGaA, DIC Corporation, ALTANA AG, Fujian Kuncai Material Technology Co., Ltd., CRISTAL, Shanghai Zhuerna High-Tech Powder Material Co., Ltd., Oxen Special Chemicals Co., Ltd., Huaian Concord Industrial Product Co., Ltd., Spectra Colours Ltd., LANSCO COLORS, Aal Chem, Zhejiang Ruicheng Effect Pigment Co., Ltd, Sinpearl Pearlescent Pigment Co., Ltd., and Kolorjet Chemicals Pvt. Ltd.

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