PEARLESCENT PIGMENT MARKET ANALYSIS

Regional Analysis

Global Pearlescent Pigment Market: Regional Analysis

Asia Pacific region is expected to dominate the global Pearlescent pigment market during the forecast period 2023-2030. Asia Pacific region is expected had the largest market share of 35% in 2022, owing to increasing  demand for automotive paints. The top four manufacturers of passenger cars globally are China, Japan, India, and South Korea, and this increases demand for pearlescent pigments that are used in cars, especially luxury and premium models, to provide a metallic, chrome, and gloss look. According to the Organisation Internationale des Constructeurs d'Automobiles, 29.8 million passenger vehicles were manufactured  in these nations, that makes up 53.4% of all passenger vehicles global production. According to the American Coatings Association, China held 60% share of the paints & coatings market in APAC in 2021, followed by India with an 18 % share. The Paints & Coatings Industry generated US$ 74.2 billion in 2021. Due to these factors, Asia Pacific consumes most of pearlescent pigment.

• North America: U.S. and Canada
• Latin America: Brazil, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, Nordic, Benelux, Poland, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia & New Zealand, ASEAN, and Rest of Asia Pacific
• Middle East &  Africa