Pearlescent pigments mainly micas that are basically coated with titanium dioxide, and offer softer and shinier appearance to the surface. These are high-performance special-effects pigments with low VOC content and improved properties such as thermal stability, durability, and enhanced barrier resistance. These pigments are widely used in the cosmetics and personal care industry, as it helps to beautify the products and provides the desired look. These are used in various cosmetics products such as powders, creams, and lotions for the hair and body.
Global Pearlescent Pigment Market was valued at US$ 3.8 billion in 2022, exhibiting a CAGR of 4.7% during the forecast period (2023 to 2030). Pearlescent Pigment Market, By Product Type (Natural Pearl Pigment, Synthetic Pearl Pigment, Glass Flake Pearl Pigment), By Structure Type (Substrate-free, Monolayer, Multilayer), By End Use Industry (Automotive Paints, Paints & Coatings, Personal Care, Plastic, Printing, Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Global Pearlescent Pigment Market- Drivers
Rising demand for synthetic pearl pigments across various end use industry is expected to drive the market growth of the pearlescent pigments. Synthetic pearl pigments are easy to produce, as it can be tailored for specific applications that raise its demand over natural pearl pigments. Synthetic peal pigments are used in automotive topcoats and architectural finishes, as it is since highly durable. Therefore, rising application of synthetic pearl pigment is expected to drive the market growth of pearlescent pigments.
Global Pearlescent Pigment Market- Opportunities
Growing application of pearlescent pigments in pulp &paper industry, as it is used for coating specialty paper such as advertisement paper, calendar paper,name card paper, wallpaper, and any kind of other pearl luster packing paper is expected to drive the market growth of pearlescent pigments. Pearlescent pigments offers luster effects with different shades of silver white and golden to paper. These factors are expected to drive the market growth.
Global Pearlescent Pigment Market- Restraints
Rising concern over depletion of natural ore reserves and mineral deposits is expected to hamper the production of natural pearlescent pigment, and is expected to boost demand for synthetic pearlescent pigment. However, the cost of synthetic pearlescent pigment is high due to the complex production process, and this is expected to the market growth of pearlescent pigment. Therefore, rising concern over the depletion of natural ore reserves is expected to hinder the market growth.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/pearl-pigment-market-2915
Key Takeaways:
Among end use industry, automotive paints segment dominated the global pearlescent pigment market in 2022 with a 40.55% of market share, in terms of revenue, followed by paints & coatings and personal care, respectively.
Global Pearlescent Pigment Market- Trends
Increasing launches of innovation in pearlescent pigments to meet the rising demand from various end use industries is the major trend in the market. For instance, in September 2016, Sun Chemical, launched a new black pearlescent pigment for plastics. The new black pearlescent pigment provide exceptional luster, sparkle, and jitneys as compared to traditional commercially available black pearlescent pigments, and can be used in different plastics applications, such as rigid or flexible packaging with little reduction in the desired effect.
Growing cosmetic industry leads to rising demand for pearlescent pigment for usage in a wide range of cosmetic products is expected to drive the market growth over the forecast period. For instance, in February 2018, Sun Chemical Performance Pigments showcased its wide range of pearlescent and bold effect pigments at in-cosmetics Global 2018, the leading personal care ingredient event in the industry. Sun Chemical’s wide portfolio of colorants offers cosmetic formulators to deliver innovative cosmetic, skincare, and personal care products to consumers.
Global Pearlescent Pigment Market- Competitive Section
Key players active in the global 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.
Global Pearlescent Pigment Market- Recent Developments
- In July 2015, BASF SE, expanded its production facility for high-performance pigments in Nanjing, China. It also increased the production of alpha blue pigments at its production facility in Ludwigshafen, Germany.
- In June 2015, BASF SE, extended its pigments products portfolio by launching Paliogen Blue EH 1900 (L 6400), Lumina Royal Magenta EH 5000 (4803 H), and Irgazin Cosmoray Orange L 2950
