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Pearlescent pigments are coating products that are have mainly coatings of titanium dioxide and offer softer and shinier appearance to the surface. They are high-performance special-effects pigments with low VOC content and improved properties such as thermal stability, durability, and enhanced barrier resistance. These pigments are widely used across the cosmetics and personal care industry as it helps to beautify the products and help to achieve the desired look. They are used in various cosmetics products such as powders, creams, and lotions for the hair and body.

The global pearlescent pigment market was estimated to account for US$ 3.2 billion in terms of revenue in 2018 and is predicted to grow at a CAGR of 4.1% during the forecast period (2019 to 2027).

Drivers

Rising demand for synthetic pearl pigments across various end-user industry is projected to foster the market growth of the pearlescent pigments. Synthetic pearl pigments are easy to produce as it can be tailored for specific applications that raise its demand over natural pearl pigments. Synthetic peal pigments are mainly used across automotive topcoats and architectural finishes since they are highly durable. Therefore, the rising application of synthetic pearl pigment is expected to foster the market growth of pearlescent pigments.

Market Opportunities

Growing application of pearlescent pigments pulp &paper industry where it is used for coating specialty paper such as advertisement paper, calendar paper,  name card paper, wallpaper and any kind of other pearl luster packing paper is expected to propel the market growth of pearlescent pigments.  Pearlescent pigments offers luster effects with different shades of silver white and golden to paper. The aforementioned factors are expected to fuel the market growth.

Market Restraints

Rising concern over depletion of natural ore reserves and mineral deposits is likely to negatively impact the production of natural pearlescent pigment and boost the demand for synthetic pearlescent pigment. However, the cost of synthetic pearlescent pigment is relatively high due to the complex production process which is further expected to restrict the market growth of pearlescent pigment. Therefore, rising concern over the depletion of natural ore reserves is expected to hinder the market growth.

Key Takeaways:

Among end use industry, automotive paints segment dominated the global pearlescent pigment market in 2018 with a 40.55% of market share in terms of revenue, followed by paints & coatings and personal care, respectively.

Market Trends

Increasing launch of innovation in pearlescent pigments for meeting the rising demand across the various end-use industries is expected to be major trend that has been observed in the market and this is projected to foster market growth. For instance, in September 2016, Sun Chemical launched a new black pearlescent pigment for plastics and the new black pearlescent pigment provide exceptional luster, sparkle and jitneys compared to traditional commercially available black pearlescent pigments and can be used across different plastics applications, such as rigid or flexible packaging with little reduction in the desired effect.

Expanding cosmetic industry that demanding pearlescent pigment for producing a wide range of cosmetic products in order to match up with the rising trend is expected to accelerate the market growth over the forecast period. For instance, in February 2018, Sun Chemical Performance Pigments showcased its wide range of pearlescent and bold effect pigments at in-cosmetics Global 2018, the leading personal care ingredient event in the industry. Sun Chemical’s wide portfolio of colorants offers cosmetic formulators to deliver innovative cosmetic, skincare and personal care products to consumers.

Competitive Section

Key players active in the global pearlescent pigment market are 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, Aal Chem, Zhejiang Ruicheng Effect Pigment Co., Ltd, Sinpearl Pearlescent Pigment Co., Ltd., and Kolorjet Chemicals Pvt Ltd.

Few Recent Developments

BASF SE

  • In July 2015, BASF SE expanded its production facility for high-performance pigments in Nanjing, China. It also increased the production of alpha blue pigments at its production facility in Ludwigshafen, Germany.
  • In June 2015, the company extended its pigments products portfolio by launching Paliogen Blue EH 1900 (L 6400), Lumina Royal Magenta EH 5000 (4803 H) and Irgazin Cosmoray Orange L 2950

Market Taxonomy

By Product 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
  • Printing
  • Others

By Region

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