The global pearl pigment market will almost reach USD 547.8 million by 2021.The demand for high performance, high brilliance paints is glowing, automotive & construction industries in emerging markets will be the key driving factor for the global market.
Reducing VOC emissions and growing awareness regarding sustainability is also expected to act as a key factor for market growth. Developed markets was predicted to face obstacles in the form of stringent regulatory norms, hampering market growth over the forecast period.
Titanium dioxide (TiO2) coated mica pearlescent effect pigment was the leading product segment with demand share over 35% in 2014. High consumption rates of these pearl pigments across construction, printing ink and automotive industries were expected to drive this segment over the forecast period. It is also expected to witness the highest growth of 5.1% from 2014 to 2023. Yortay effect pigment
ferric/Iron oxide mica effect pigment is expected to witness fast growth because its high refractive index, metallic luster, excellent hiding properties and weather resistance. Increasing application in the printing inks and cosmetics sector is the major driving power for the pearlescent pigment.
Further key findings from the report suggest:
• Coatings & Paints was the leading application segment and accounted for 36.1% of total market volume in 2014. Increasing costomer preference for colorful iridescence and high-value coatings on luxury and sports car to foster market growth. Plastic industry is expected to witness the highest demand growth of 6.1% from 2014 to 2023.
• North America is the biggest pearl pigment regional market with demand share estimated at 37.9% in 2014. Recovery of automotive and construction industry in the America is expected to promote the regional growth.
• Asia Pacific is expected to the highest growth of 5.0% from 2014 to 2023. Rapid industrialization and expansion of major like construction and automotive particularly in India and China is expected to push the regional growth.
• Global effect pigment industry is fragmented with presence of several major multinationals and smaller regional across the world.
Application and region:
o Global Pearlescent Pigment Regional Prospects
o North America
o Central & South America
o Asia Pacific
o Middle East and Africa
o Global Pearlescent Pigment Application Prospects
o Paints & Coatings
o Printing Inks
o Pearl Pigment Product Prospect
o Natural Pearl Essence
o Iron/Ferric Oxide Mica
o Combination Mica
o Titanium Dioxide Mica