The pearlescent pigment market share is expected to experience steady growth, with a compound annual growth rate (CAGR) of 4.0% projected to push sales beyond USD 5,544.7 million by 2033. This growth trajectory reflects increasing demand across various industries, including automotive, cosmetics, and packaging, driven by the aesthetic and functional benefits of pearlescent pigments. As consumers and manufacturers alike seek innovative and visually appealing solutions, the market’s expansion highlights a robust trend towards enhanced product differentiation and premium offerings.
Manufacturers of automotive and industrial coatings are opting for pearlescent pigment for their aesthetic brilliance and exclusivity, thus enhancing the look of their products. Additionally, efficacious, special-effect pearl pigments enhance the sustainability quotient of the final product due to their inherent sustainability.
Sustainable pearlescent pigments have low VOC volume and better performance attributes like durability, better barrier resistance, and thermal stability. Since customers are becoming discerning of the potential environmental damage, they are increasingly considering options that allow them to reduce their overall carbon footprint. Based on these factors, the market is expected to expand over the forecast period.
This pigment has also stepped foot in the personal care and cosmetics industry, and since its arrival, it has revolutionized how consumers perceive beauty and appearance. This is credited to its cost-effectiveness, which makes achieving a ‘celebrity’ look possible on a budget. Many powders, creams, and lotions for personal care consist of natural pearl essence as an eco-friendly, dermatologically tested substitute to its toxic and synthetic counterparts.
Key consumers for this pigment are India, China, and Brazil due to their adoption quotient and surging per capita income. Moreover, the popularization of mass-customized goods and surging governmental assistance is expected to push construction activities and automotive production, thus broadening the application scope of these pigments.
Top Highlights from the FMI’s Analysis of the Pearlescent Pigment Market:
- As per FMI estimates, the United States’ stake in the global market is 27.3%, making it an ideal candidate for future business prospects.
- Germany is expected to enjoy a market share of 6.8% in 2023, suggesting considerable opportunities for growth.
- Australia is expected to attain 5.9%, representing one of the core markets for pearlescent pigment. Manufacturers are projected to explore burgeoning prospects in the country.
- Japan’s share is estimated to be 5.6%, demonstrating a substantial market for business ventures of pearlescent pigment.
- India is expected to expand at a CAGR of 4.8% over the forecast period, suggesting more investments are underway by manufacturers.
- China and the United Kingdom are anticipated to expand at CAGRs of 4.4% and 3.9%, respectively, over the forecast period.
- Based on purity type, natural pearl pigment is expected to take up the majority of the market share by gaining 67.4% in 2023.
- Based on end use industry, the automotive paints industry is expected to contribute 39.3% market share in 2023.
Top Key Players in the Global Market
- 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
- Kolorjet Chemicals Pvt Ltd
Pearlescent Pigment Market Segmentation
By Purity 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 Industry
- Printing
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
Old Source: https://finance.yahoo.com/news/pearlescent-pigment-market-projected-achieve-133000292.html
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