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Pearlescent Pigments Market Trends 2024 Comprehensive Study Explores Huge Growth In Decorative Paints In Toys & Textiles

Author : Ronak Bora | Published Date : 2019-05-21 

Global Pearlescent Pigments Market report 2024 focuses on the major Types and Applications for the key players. The market forecast report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The research report is a professional and in-depth study on the current state of global Industry.

Multiple applications of pearlescent pigments market can be divided into automotive paints, decorative paints in toys & textiles and plastics. Automotive paints application contributes majorly in terms of value owing to inclined consumer preference for high value coatings and high lustre paints on luxury and sports cars. These applications are pertaining to varied end-use industries such as paints & coatings, cosmetics, and construction. Paints & coatings contributes major chunk in terms of volume. Upsurge in demand for these products in food packaging, plastic and cosmetic products is likely to drive pearlescent pigments industry in near future.

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Pearlescent Pigments Market size has registered a decent growth in recent years and is expected to surge at moderate CAGR in the forecast period. Key factors driving the market are applications in paints, polymers and cosmetic industries. Stringent government regulations on usage of low VOC emitting products will propel product’s demand.

On the basis of the product pearlescent pigments market can be segmented into titanium coated mica, natural pearls, ferric oxide coated mica and combination mica. Other chemical coated products are basic lead carbonate and bismuth oxychloride. Titanium dioxide coated with mica is the prominent product segment with substantial share in terms of volume. Increase in consumption of this product across various industries including printing ink, construction and automotive will propel pearlescent pigments industry.

North America is dominated by the U.S. pearlescent pigments market. Rising popularity of luxury and sports vehicles with high performance coatings has boosted the product demand in automotive sector of the region. The U.S. environmental policy has banned the use of dyes that are harmful to environment as well as humans, this has increased the pigments demand as they are eco-friendly due to low VOC emissions.

Europe, led by Germany and Italy are leading pearlescent pigments market owing to well-established automotive sector. Improving economic conditions in the region is likely to foster the product market. These pigments are preferred over other products due to their low content of heavy metals including lead, chromium, mercury and cadmium which makes it less toxic and non-hazardous. Technological innovations and increase in automobile and construction industry will accelerate the pearlescent pigments industry in several years.

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China, India and Vietnam has driven Asia Pacific pearlescent pigments market due to rise in purchasing power of consumers. Ever increasing population in China and India has increased the need of automobiles which in turn has a positive effect on product market. Increased awareness regarding beauty and appearances in consumers have made a significant impact in cosmetic industries promoting application of the pigments. Upsurge in automobile manufacturing companies in emerging economies including Japan and South Korea will reinforce the product usage between 2017 and 2024.

Global pearlescent pigments market is fragmented in nature with presence of several local and international players. Some key manufacturers are BASF SE, ALTANA AG, Sudarshan chemicals industries, Fujian Kuncai Material Technology, DIC, Merck KgaA and CRISTAL. Certain other prominent formulators includes Spectra Colours Ltd., Oxen Special Chemicals Co., Zhejiang Ruicheng, Lansco Colours Ltd., kolorjet Chemicals and Aal chemicals.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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