Global Pearlescent Pigments Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Pearlescent Pigments Market Overview

“The global Pearlescent Pigments Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Pearlescent pigments are special type of pigments composed of synthetic mica platelets or artificial glass substrates and various layers of metal oxide. This pigments are used in industrial coatings, printing ink, and plastics. Also, pearlescent pigments have a unique property, that provides shine to the pearl. Pearlescent pigments appear in transparent and flat powder, having longer diameter, smoother plane and higher refractive coefficient than common pigment.

Increasing demand for pearlescent pigments from various industries such as automobile industry for color coating is a major factor driving growth of the global pearlescent pigments market. In addition, increasing adoption from food and packaging industry, industrial manufacturing, etc. owing to their optical effect property, which is beneficial in security printing or optical filters. Moreover, increasing use of glass flake pearlescent pigments in cosmetic industry is expected to boost growth of the global pearlescent pigments market.

However, stringent government regulation is a major factor restraining growth of the global pearlescent pigments market. In addition, high cost of pearlescent pigments in developing regions is expected to hamper growth of the target market.

Recent developments such as use of synthetic flake substrate for conducting pearlescent pigments is expected to present new opportunities for market player operating in the global pearlescent pigments market over the forecast period.

North America dominates the global pearlescent pigments market and accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to well-developed application segment such as automobile sector, cosmetic, industrial material, and presence of leading pearlescent pigments suppliers and manufacturers in this region.

Europe market accounts for the second largest revenue share contribution to the target market followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to increasing use of pearlescent pigments in food packaging industry in emerging economies in this region.

Market Segmentation for Global Pearlescent Pigments Market:

By Product Type:

• Natural Pearl Pigment
• Synthetic Pearl Pigment
• Glass Flake Pearl Pigment

By Application:

• Paints & Coating
• Plastics
• Printing Inks
• Cosmetics
• Others (Food, Textiles, Paper & Paperboard, Automotive)

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa