PEARLESCENT PIGMENT MARKET ANALYSIS

Market Challenges And Opportunities

Global Pearlescent Pigment Market: Growth Drivers

Increasing Demand for Premium and Luxury Vehicles

Increasing demand for premium and luxury vehicles among the consumer, owing to rising disposable income of the population is expected to drive the market growth. Increasing usage of pearlescent pigments in high luster and the premium finish product is further expected to drive the market growth. Using pearlescent pigments as an alternative to glitters and conventional solid colors in textiles, toys, and others is expected to drive the  market growth.

Rising Concerns over Toxicology and Lead Compounds

Rising concerns regarding toxicology and lead compounds has boosted demand for alternative pigments in the paints and coatings industry, and this is expected to drive the market growth. India, China, and Mexico are the major consumer of pearlescent pigments in construction and automotive industry  is also expected to drive the market growth of the pearlescent pigments. Moreover, rising demand for high-luster pigments is further expected to drive the market growth. 

Global Pearlescent Pigment Market: Restraints

High Cost of Pearlescent Pigments

High cost of pearlescent pigments in developed regions such as Europe and North America is due to the high cost of labor in the region, and this is expected to hinder the market growth. Moreover, major players such as BASF SE and Altana AG (ECKART effect pigments) sell pearlescent pigments at relatively high prices as compared to their China counterparts.