According to a recently published report by Research Nester on “Pearlescent Pigment Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the pearlescent pigment in terms of market segmentation by product type, by applications and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The pearlescent pigment market is segmented based on product type into natural pearl essence, titanium dioxide mica, ferric oxide mica and others; by applications into paints & coatings, plastics, printing inks, cosmetics, construction materials and others and by regions. The global pearlescent pigment market is estimated to grow at a CAGR of around 4% over the forecast period i.e. 2020-2027.
The global pearlescent pigment market is anticipated to witness significant growth over the forecast period on account of the increasing preferences for unique and aesthetic physical properties in paints & industrial coatings. These pigments are used not only for decorative purposes but also in applications such as optical filters and security printing, which is expected to result in increased adoption of pearlescent pigment. Pearlescent pigment is highly recommended in general industrial coatings, plastics, and printing ink applications on account of its excellent properties.
Asia Pacific pearlescent pigment market is expected to witness considerable growth over the forecast period attributed to rising personal disposable incomes along with the growing utilization of cosmetics, automobile, and construction industries in India, China, Japan, and Malaysia. Few other parameters concerning the growth of these pigments in the region include low manufacturing cost as compared to developed countries and suitable availability of mica.
FDA Approval Concerning Usage of Pearlescent Pigments in Cosmetics
The FDA has approved the utilization of pearlescent pigments and effect-enhancing pigments in cosmetics and personal care products. It has also approved the use of mica flakes coated with titanium dioxide and other colorants in cosmetic products. The mica-based pearlescent pigments are identified to be free from certain harmful substances like lead, arsenic, and mercury. These pigments have low conductivity for heat and electricity, have high acid and alkali resistance, and are stable even at very high temperatures, which make them a preferred choice for paints & coatings.
However, stringent government regulations along with high costs involved in ensuring regulatory compliance are expected to hamper growth over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global pearlescent pigment which includes company profiling of BASF SE, Huaian Concord Industrial Product Co. Ltd., Sun Chemical, Lansco Colors, Kuncai, L’Arca Srl, Geotech, RIKA Technology Co., Ltd, Pritty Pearlescent Pigments Co., Ltd., Brenntag Specialties, Inc., Lingbao Pearlescent Pigment Co. Ltd. and Other Prominent Players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global pearlescent pigment that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.