The global pearlescent pigment market is expected to reach USD 1.92 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for high performance, high brilliance paints on account of expanding automotive & construction industries particularly in Asia Pacific and the Middle East is expected to remain a key driving factor for the global market.
The shift in trend towards reducing VOC emissions and growing awareness regarding sustainability is also a vital determinant for the market growth. Developed markets are anticipated to face obstacles in the form of stringent regulatory norms, hampering market growth over the forecast period.
Titanium dioxide (TiO2) coated mica pigment was the leading product segment and accounted for 35.9% of total market volume in 2014. Increasing penetration of these pigments in automotive, construction, printing inks and other major end-use industries is expected to fuel the demand. Good hiding power, high luster & brilliance, coupled with compatibility to several materials is expected to boost the segment over the forecast period.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/pearlescent-pigment-market
Further key findings from the report suggest:
·
Global pearlescent pigment market demand was
174.8 kilo tons in 2014 and is expected to reach 233.2 kilo tons by 2022,
growing at a CAGR of 4.4%from 2015 to 2022
·
Iron/ferric oxide-mica pigment is also expected
to witness significant growth on account its high refractive index, metallic
luster, excellent hiding properties and weather resistance. Increasing
application in the cosmetics and printing inks sector is a major driving force
for the product.
·
Automotive paints and industrial coatings
emerged as the leading application segment and accounted for 34.1% of global
market in 2014. Increasing consumer preference for high-value coatings and
colorful iridescence on sports and luxury vehicles is likely to foster the
market growth.
·
North America was the leading pearlescent
pigment consumer and accounted for 38.2% of total market volume in 2014. Asia
Pacific is expected to witness the highest growth of 4.9% from 2015 to
2022.Rapid industrialization and expansion of major end-use industries such as
automotive and construction in Thailand, India, China and Indonesia are
expected to drive the regional market.
·
Global pearlescent pigment industry is
fragmented with the presence of several major multinationals and regional
companies across the globe. Key participants in the industry include BASF SA,
Sun Chemical Performance Pigments, Merck Performance Materials, Huaian Concord
Industrial Products Co. Ltd., Lansco Colors, L’Arca Srl., Fujian Kuncai Fine
Chemicals Co. Ltd., RIKA Technology Co. Ltd and Smarol Technology Co. Ltd.
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this category @ http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the pearlescent pigment market on the basis of product, application and region:
Global Pearlescent Pigment Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Natural pearl essence
·
Titanium dioxide mica
·
Iron/Ferric oxide mica
·
Combination mica
·
Others
Global Pearlescent Pigment Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Paints &coatings
·
Plastics
·
Printing inks
·
Cosmetics
·
Others
Global Pearlescent Pigment Regional Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
North America
·
U.S
·
Europe
·
UK
·
Germany
·
Asia Pacific
·
India
·
China
·
Central & South America
·
Brazil
·
Middle East and Africa
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