Pearlescent Pigment Market Analysis 2020-2027:

Pearlescent or pearl pigments are manufactured using a mica base, which are synthetic or natural that have been coated with iron oxide, titanium dioxide, or another metal oxide. Mica-based pearl essence is not as expensive as natural pearl essence, therefore, manufacturers and consumers are progressively adopting titanium or ferric oxide coated mica pearlescent pigments to overcome high production costs and fetch benefits in the long run.

Pigment color can be determined through the degree of type of coating along with its thickness, and the sparkle can be determined through thickness and the stiffness of the particles.

Market scope and structure analysis:

COVID-19 impact

• The global market for pearl pigments is severely impacted by the outbreak of the COVID-19 pandemic. 
• The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns. 
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
• Thus, insufficiency in raw material supply is expected to hamper the production rate of pearl pigments, which negatively impact the market growth.
• However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
• This is attributed to that fact that certain sectors such as antimicrobial coatings are finding potential opportunities in food and healthcare industries.

Top impacting factors: market scenario analysis, trends, and drivers

Technological advances in the pearlescent pigment industry have resulted in extraordinary results, pearl pigments with special effects that concentrate on sustainability, due to low VOC content and enhanced performance characteristics such as durability, thermal stability and high barrier power. Peral pigments have already started replacing glitter and other traditional colors from the textiles, toys, food packaging and various other high end products. Thus, creating great opportunities in the market.

FDA has approved the use of pearlescent pigment in cosmetics and personal care products, which is again anticipated to create great opportunities and boost the market.

Developing nations such as India, China, and Brazil have growing consumer personal income as well as high rate of adoption, thus making them major markets of pearlescent pigments. Rising governmental support as well as increase popularity of mass-customized goods to encourage development of automotive and construction industries, particularly in emerging markets are also predicted to expand the scope of use for these pigments.

One of the major drivers of pearlescent pigment market is its versatile nature, insolubility with various substances, compatibility, and overall artistic appeal.

Increasing consumer and industrial awareness with respect to diminishing natural ore reserves and mineral deposits is anticipated to hinder the production of natural pearlescent pigment and boost up demand for synthetic alternatives in large-scale applications.

However, growing concerns about toxicology and lead compounds have increased the need for alternative pigments in the industry of paints and coatings.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global pearlescent pigment market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global pearlescent pigment market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global pearlescent pigment market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global pearlescent pigment market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the pearlescent pigment market research report:

• Which are the leading players active in the pearlescent pigment market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?