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Pearl Pigment Market

Read here the report Pearl Pigment Market by CMI team

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Pearl Pigment Market

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. PEARL PIGMENT MARKET ANALYSIS • Pearlescent pigments are mainly micas that are basically coated with titanium dioxide or iron oxide. They offer excellent whiteness, brilliance, and exceptional different optical effects ranging from a fine-grained luster to a bold silvery-white sparkle. These pigments are widely used across packaging of plastics, personal care products, coatings, inks and other applications. Pearlescent pigments are generally used where soft shine or a satin luster appearance is required. It can be produced by creating an in-situ TiO2 surface coating on mica along with a titanium chemical precursor.

  3. The global pearlescent pigment market is projected to reach US$ 4.4 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.1% during the forecast period (2019 to 2027). • Drivers • Growing demand for premium and luxury vehicles among the consumer due to the rising disposable income of the population is expected to propel the market growth of pearlescent pigments. Increasing usage of pearlescent pigments across high luster and the premium finish product is further anticipated to foster the market growth. Also, rapidly replacing of glitters and conventional solid colors with pearlescent pigments in textiles, toys, etc. are further projected to foster market growth. • Growing concerns over toxicology and lead compounds have raised the demand for alternative pigments in the paints and coatings industry is expected to foster market growth. Emerging market such as India, China, and Mexico are the major consumer of pearlescent pigments in terms of construction and automotive industry which is also estimated to augment the market growth of the pearlescent pigments. Moreover, growing demand for high-luster pigments with sustainability and solubility is further expected to propel the market growth. 

  4. Figure 1. Global Pearlescent Pigment Market, Revenue Share (%), By Region, 2018

  5. Market Restraints • The high cost of pearlescent pigments in developed regions such as Europe and North America due to the high cost of labor in the region is projected to hinder the market growth of pearlescent pigments. Moreover, major players such as BASF SE and ALTANA AG (ECKART Effect Pigments) sell pearlescent pigments at relatively high prices as compared to their Chinese counterparts, which is also expected to adversely affect market growth over the forecast timeframe. • Strict environmental rules and regulation around the globe associated with industrial waste and paints and coatings industry that uses pearlescent pigments are one of the major factors expected to hamper the market growth. Since production of these pigments generates lots of waste that has harmful effects on the environment and as well on human health. Aforementioned factor is expected to hinder the market growth of pearlescent pigments.

  6. Figure 2. Global Pearlescent Pigment Market, Revenue Share (%), By StructureType, in 2018

  7. Market Opportunities • Rising demand for the pearlescent pigment in the plastic formulators that incorporates pearl pigments during master batch to produce consumer goods are expected to offer lucrative growth opportunity to the market of pearlescent pigment. Rising sale of consumer goods such as electronics, plastic components and medical device across developing regions such as China, India, and Japan is expected to augment the market growth of the pearlescent pigment over the forecast period. • Growing application of pearlescent pigments across the printing industry where it is used to enhance the decorative effects in cosmetics packaging, alcohol labels, cigarette cases, gift packaging, calendars, greeting cards, and book covers surface is expected to provide immense growth opportunity to the market of pearlescent pigments. Therefore, advancement in the printing industry is fueling the demand for pearlescent pigments to offer a glossy look to the packaged product, which in turn augmenting the market growth.

  8. Figure 4. Global Pearlescent Pigment Market – Value Chain Analysis

  9. Market Trends • The growing focus of the manufacturer to increase the number of the production facility is estimated to foster the market growth pearlescent pigment over the forecast period. For instance, in May 2018, FX Pigment announced the plan to set up a pearlescent pigments manufacturing unit in Mahad, Raigarh district, Maharashtra. The new unit will have a capacity of 3,600 tons per year. The company has filed Industrial Entrepreneur Memorandum (IEM) to the Department of Industrial Policy & Promotion (DIPP) on 22 May 2017. • An increasing number of partnerships among players resulting in the consolidation of the industry is projected to accelerate the market growth of pearlescent pigment. For instance, in June 2018, US-based effect pigment supplier Sandream Impact LLC and BiesterfeldSpezialchemie have entered into a distribution agreement for the European cosmetic markets. Natural and synthetic mica, borosilicate glasses, bismuth oxychloride, and aluminum are offered as pigment substrates.

  10. 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, AalChem, Zhejiang Ruicheng Effect Pigment Co., Ltd, Sinpearl Pearlescent Pigment Co., Ltd., and Kolorjet Chemicals Pvt. Ltd. • Recent Developments • DIC Corporation  • In September 2015, Sun Chemical Corporation launched a new line of pearlescent pigments at in-cosmetics Brasil 2015. The new line of SunSHINE pearlescent pigments includes 10 new products based on synthetic mica.

  11. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://https://www.coherentmarketinsights.com/market-insight/pearl-pigment-market-2915

  12. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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