Pearlescent Pigments – Market Analysis & Opportunity Assessment, 2014 - 2020
Oct 15, 2014 | Chemicals & Materials | FMI
Pearlescent pigments are fluorescent or phosphorescent-based pigments which are also known as shine pigments. These pigments produce a shining surface when coated with metallic oxide or mica. These pigments have a transparent appearance and higher refractive coefficient. Inherent properties of these pigments include high resistance to acid, temperature, and ultraviolet radiations. Unique properties of these materials make them suitable for use across a wide array of applications such as in automotive paints, toys, and the printing industry. Addition of pearlescent in any color produces different visual effects, or metallic shade finish, which makes them highly preferable in the coatings industry.
Since pearlescent pigments are non-hazardous to humans,these are used in food packaging applications as well. These pigments are also being tested for use in cosmetic applications. Advancements in research and development regarding their increasing scope of applications offer a wide opportunity to these pigment manufacturers to enter the market.
Pearlescent pigments enhance the aesthetics of objects, components, packaging, or surfaces, makingthese widely preferable for product differentiation activities by companies. Automotive paints are the largest end-use sector for these pigments. In developed economies such as the U.S., Germany, France, and the U.K., the pearlescent pigment market is expected to grow at a healthy CAGR between 7% and 9%. However, with growth in the automotive and FMCG sector in AsiaPacific, the pearlescent pigmentsmarket is expected to grow above the global average CAGR and reach double-digit figures. Some of the market players are BASF SE, Cristal, Brenntag Specialties, Inc., Huaian Concord Industrial Product Co., Ltd., Spectra Colours Ltd., Lansco Colors, Merck Performance Materials, Sun Chemical, and other chemicals and paint manufacturing companies.
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