Overview:

The global pearlescent pigment market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Pearlescent pigment is made up of naturally available mica platelets or made up of synthetic mica platelets that are coated with various materials such as titanium dioxide, iron oxide or another metal oxide.

In addition, these pigments have advanced characteristics such as they offer various visual effects in various coatings and ink. Also, pearlescent pigments are nontoxic and non-reactive hence are gaining traction in various end use applications.

Market Dynamics:

Rapid advancements in pigments technology with the focus on enhancing the performance and special effects is a key factor driving growth of the global pearlescent pigment market. The product advancement has resulted into increased use of these pigments in various end use industries such as in cosmetics and automotive paints.

In addition, growing demand for cosmetic products and rising passenger vehicle sales owing to increasing disposable income and economic growth are some other major factors propelling growth of the target market. Also, rising consumer perception about the product appearance and look is expected to fuel growth of the global market in the near future.

Furthermore, wide use of pearlescent pigments in gravure, offset, and flexographic printing inks owing to their versatile nature, compatibility, and insolubility with several substances is expected to boost growth of the global pearlescent pigment market over the forecast period.

Key Trends:

Growing focus on strategic activities such as strategic acquisitions and mergers among the major players is the key trend observed in the global market. For example, in April 2018, Dominion Colour Corporation has announced merger with the LANSCO Colors, which was a leading supplier of various quality pigments. This strategic initiative will help to enhance the market position of both companies in terms of consumer base and revenue.

Regional Analysis:

For detailed understanding of market dynamics, the global pearlescent pigment market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America held major market share in 2019, owing to increasing demand for pearlescent coatings from various end use industries in countries in the region.

However, Asia Pacific region is expected to witness significant growth during the forecast period. This is attributed to flourishing automotive sector in the region, increasing passenger vehicle sale in developing countries of Asia Pacific region.

Scope of the Report:

Detailed Segmentation:

Global Pearlescent Pigment Market, By Type:

• Natural Pearl Essence
• Titanium Dioxide Mica
• Ferric Oxide Mica
• Combination Mica
• Other Type

Global Pearlescent Pigment Market, By Application:

• Paints & coatings
• Plastics
• Printing inks
• Cosmetics

Key Players Covered:

Key players operating in the global pearlescent pigment market includes BASF SE, Dominion Colour Corporation, L’Arca Srl, Sun Chemical Performance Pigments, Fujian Kuncai Fine Chemicals Co. Ltd, Spectra Colours Ltd., Huaian Concord Industrial Product Co. Ltd., ALTANA AG, Geotech International B.V., and Merck KgaA.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Pearlescent Pigment Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global pearlescent pigment market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.