The global pearlescent pigment industry is expected to be worth US$ 3,745.8 million by the end of 2023. The market for pearlescent pigments is predicted to grow at a 4.0% CAGR, reaching US$ 5,544.7 million by 2033.
Manufacturers of automotive and industrial coatings utilize pearlescent pigment to increase the aesthetic brightness and exclusivity of their products. Furthermore, effective special-effect pearl pigments boost the end product’s sustainability quotient due to their inherent sustainability.
Sustainable pearlescent pigments contain low VOC volumes and improved performance characteristics like as durability, barrier resistance, and thermal stability. Customers are increasingly investigating choices that allow them to lower their overall carbon footprint as they become more aware of the potential environmental damage. The market is predicted to grow throughout the forecast period based on these factors.
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This pigment has also made an appearance in the personal care and cosmetics industries, and its presence has changed how consumers view attractiveness and appearance. This is because to its affordability, which makes achieving a ‘famous’ look on a budget attainable. Many personal care powders, creams, and lotions contain natural pearl essence as an eco-friendly, dermatologically proven alternative to hazardous and synthetic competitors.
This pigment has also made an appearance in the personal care and cosmetics industries, and its presence has changed how consumers view attractiveness and appearance. This is because to its affordability, which makes achieving a ‘famous’ look on a budget attainable. Many personal care powders, creams, and lotions contain natural pearl essence as an eco-friendly, dermatologically proven alternative to hazardous and synthetic competitors.
Top Highlights from the FMI’s Analysis of the Pearlescent Pigment Market:
- As per FMI estimates, the United States’ stake in the global market is 27.3%, making it an ideal candidate for future business prospects.
- Germany is expected to enjoy a market share of 6.8% in 2023, suggesting considerable opportunities for growth.
- Australia is expected to attain 5.9%, representing one of the core markets for pearlescent pigment. Manufacturers are projected to explore burgeoning prospects in the country.
- Japan’s share is estimated to be 5.6%, demonstrating a substantial market for business ventures of pearlescent pigment.
- India is expected to expand at a CAGR of 4.8% over the forecast period, suggesting more investments are underway by manufacturers.
- China and the United Kingdom are anticipated to expand at CAGRs of 4.4% and 3.9%, respectively, over the forecast period.
- Based on purity type, natural pearl pigment is expected to take up the majority of the market share by gaining 67.4% in 2023.
- Based on end use industry, the automotive paints industry is expected to contribute 39.3% market share in 2023.
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Market Developments Shaping the Pearlescent Pigment Industry
- Sun Chemical introduced Xennia Pearl pigment inks in October 2021. The latter is used in fast-paced industrial applications. This consists of inks for both mid and high-viscosity printheads. The firm stated the creation of this product for its multi-substrate compatibility, robustness, consistent color, and excellent print performance.
- DIC Corporation and Sun Chemical, its subsidiary firm, obtained Seller Ink in September 2020. The latter company is a Brazil-based producer of specialty inks and coatings. This acquisition is expected to help Sun Chemical expand its specialty inks and coatings business in Latin America.
- BASF SE released eXpand! Blue EH 6001 in March 2019. The product is marketed under its brand name Colours & Effects. This product came to fruition due to a partnership between Landa Labs and BASF.
- Fujian Kuncai Fine Chemicals Co. Ltd. introduced the “Dove Grey” pigment in May 2019. This pigment is a semi-transparent neutral grey hue, used mainly for industrial applications.
Top Key Player in the Global Industry
- 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
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Key Segmentation
By Purity 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 Industry
- Printing
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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