[FURL=https://www.industryarc.com/Report/15976/pearlescent-pigment-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Pearlescent Pigment Market[/FURL] Pearlescent Pigment market is projected to reach USD$1.4 billion by 2026 at a CAGR of 4.3% from 2021-2026. Pearlescent Pigments are coated mica platelets that display a variety of colors and visual effects and are transparent and reflect light due to which they are able to obtain bright and lustrous effects. These pigments are usually coated with metal oxides like Titanium dioxide, Ferric oxide, chromium oxide and others. Natural mica is sandwiched and coated between a layer or multilayer of these metal oxides, to different degrees, to obtain the desired effect. Titanium Dioxide is the most widely used interference pigment and Ferric oxide is the most widely used absorptive pigment deposited in very thin layers of mica flakes.Key Takeaways
The Pearlescent Pigment Market is being dominated by Asia-Pacific (APAC) Region in 2020. This is primarily due to the demand of automotive paints and coatings in China, Japan, and India.
Pearlescent Pigments are a much safer and more eco-friendly option for coatings as opposed to its alternative coatings that are lead-based or heavy metal-based. They are also edible and proves to be harmless for humans.
Titanium dioxide coated mica is the most common form of Pearlescent Pigment and is often used in a variety of applications like automotive paints and industrial coatings due to its excellent lustre and finish.
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Pearlescent Pigment Market Analysis – By Geography
Asia-Pacific (APAC) Region holds the highest share of 35% in the Pearlescent Pigment market in 2020. The primary reason for this is the increase in demand for Automotive Paints. China, Japan, India, and South Korea are the leading producers of passenger vehicles in the world. This also increases the demand for Pearlescent Pigments which are used to produce a metallic, chrome and gloss finish in cars, especially luxury and premium cars. A total of 29.8 million passenger vehicles were produced in these countries which accounts for 53.4% for total passenger vehicles produced globally, as stated by Organisation Internationale des Constructeurs d’Automobiles.
Pearlescent Pigment Market Drivers
Improvement in the Technology of Pearlescent Pigment:
Growing Demand for Passenger Vehicles in APAC:
Pearlescent Pigment Market Landscape
Some of the major companies in the Pearlescent Pigment Market include are Huaian Concord Industrial Product Co. Ltd. (Kolortek), BASF SE, Sun Chemical Performance Pigments, L’Arca Srl (Arca Colours), Geotech International B.V., RIKA Technology Co. Ltd., Smarol Technology, Nanyang Lingbao Pearl Pigment Co. Ltd., Pritty Pearlescent Pigments, Brenntag Specialties Inc. and others
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