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Pearlescent Pigments Market : What are the main applications and challenges?

Author : Ronak Bora | Published Date : 2019-04-05 

An analysis of Pearlescent Pigments Market has been provided in the latest report introduced by Global Market Insights, Inc. that primarily focuses on the market trends, demand spectrum, and prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

Improved technology has developed high performance pearl pigments that concentrate on high sustainability, performance and reduced VOC content along with properties such as thermal stability, durability and escalated barrier resistance. Replacement of glitter and conventional solid colours in toys, food packaging, textiles and vehicles with these compounds has fuelled its demand. These pigments are consumed in offset and flexographic printing, security printing and gravure. Well established industries using the product are projected to face obstacles in the form of strict regulatory standards hindering pearlescent pigments market in the forecast timeframe. However, escalating industrial and consumer awareness regarding depleting natural ore reserve and mineral deposits will have positive impact on the product usage.

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Pearlescent pigments are manufactured by covering the laminar substrate with metal oxide using natural and synthetic methods. Natural method uses natural mica as substrate material, whereas synthetic method deploys alumina, synthetic mica and silica as substrate material. Natural pearlescent pigments hold a significant market share and is likely to maintain its position over the forecast years. Synthetic pigments are likely to depict moderate CAGR over the projected years owing to its feasible manufacturing process than natural pearl pigments.

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.

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.

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.

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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.

In December 2016, Ferro Corporation acquired Cappelle Pigments, a Belgium based company. Cappelle is a leader in specialty, high performance organic and inorganic plastics for approximately USD 54 million. This acquisition will strengthen the business of Ferro Corp. by expanding their high performance organic dyes completing their non-organic dyes portfolio.

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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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