Global Pearlescent Pigment Market – Growing Demand from Paints and Coatings Segment | Technavio
LONDON–(BUSINESS WIRE)–#Pigments–The global
pearlescent pigment market is expected to grow at a CAGR close to 5%
from 2018-2022, according to a new market research report by Technavio.
Global pearlescent pigment market segmentation by application and
geography
Technavio’s report on the global
pearlescent pigment market analyses the business dimensions and
presents a comprehensive breakdown in terms of market segmentation by
application, including paints and coatings, printing inks, plastics, and
construction materials. As projected in 2017, around 34% of the market
share originated from paints and coatings. Due to the excellent physical
and chemical properties of pearlescent pigments, it is widely used in
paints and coatings.
Based on geography, the global pearlescent pigment market has been
segmented into North America, Europe, APAC, and ROW. As of 2017, 38% of
the market share came from North America. The increasing consumer demand
for good quality finish coatings is one of the major factors leading to
the growth of the market in North America.
“The demand for pearlescent pigments is set to increase due to the
rapid expansion of end-user application sectors such as automobiles and
construction industries. To counter the raw material unavailability and
the volatile price of specialty pigments, established and successful
players in the region invest in product innovations. The players in the
market are finding new applications for pearlescent pigments to drive
growth in the market,” says a senior analyst at Technavio for paints,
coatings, and pigments research.
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Pearlescent pigment market: competitive vendor landscape
The global
pearlescent pigment market is fragmented with local and global
vendors. Key players in the market include ALTANA, BASF, CHESIR, Merck,
Sudarshan Chemical Industries, and Sun Chemicals. The market also
consists of players that are either pure-play firms or category-focused
with a good production capacity of special-effect pigments and
pearlescent pigments. Factors such as the presence of strong established
market players, the high cost of raw materials, and regulations by the
FDA and REACH have lowered the rate of new entrants in the pearlescent
pigments market.
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Other topics covered in the report:
Market drivers:
- Excellent functional properties
- Growing demand for paints and coatings in automotive and construction
Market trends:
- FDA approval for use in cosmetics and personal care products
- Increased R&D investments and product innovations
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pearlescent pigment market report free of cost
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