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2022

Pearlescent Pigment Market

Pearlescent Pigment Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Natural Pearl Essence, Titanium Dioxide Mica, Ferric Oxide Mica, Others), by Application (Paints and Coatings, Plastics, Printing Ink, Cosmetics and Personal Care, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

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Author's: Naresh Mawlankar and Devashree Patwardhan | Eswara Prasad
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Pearlescent Pigment Market Research, 2031

The global pearlescent pigment market size was valued at $1.2 billion in 2021, and is projected to reach $2.2 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.

Report Key Highlighters:

  • The pearlescent market is highly fragmented, with several players including BASF SE, Eckart GmbH, Geotech International B.V., Sun Chemical, RIKA Technology Co., Ltd., Kromachem Ltd, IFC Solutions, Zhejiang Ruicheng New Material Co., Ltd., Chemical Technologies SIA, and Kuncai Americas, LLC.
  • More than 6,765 product literatures, industry releases, annual reports, and other such documents of major industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
  • The study covers nearly 20 countries. The segment analysis of each country in terms of value and volume during the forecast period 2021-2031 is covered in the pearlescent market report.

Pearlescent Pigment Market

Pearlescent or pearl pigments are manufactured using a mica foundation, which imparts an iridescent appearance comparable to the original 'Mother of Pearl'. Owing to their versatility, compatibility, & insolubility with a variety of substances and overall visual appeal, pearlescent pigments are widely used in gravure, offset, and flexographic printing inks. These pigments have quickly replaced glitter and traditional solid colors in food packaging, toys, textiles, and other specialty applications.

The most commonly used pearlescent pigment is titanium dioxide, while the most often used absorptive pigment is ferric oxide, which is coated in extremely thin layers of mica flakes. Pearlescent pigments emit less Volatile Organic Compound (VOC) and are considerably more sustainable & eco-friendlier than conventional lead and heavy metal-based coatings, which are the key causes driving the pearlescent pigment's increased demand.

Pearlescent pigments can be used for both technical and aesthetic objectives in a wide range of industrial and consumer products, including coatings (as in the automobile industry), printing inks, cosmetics, and plastic. Metal-effect pearlescent pigments are flake-shaped metallic particles that are used to provide products metallic effect color or functional features such as anti-corrosion, heat resistance, and conductivity. Pearlescent pigments imitate the luster of genuine pearls and impart color effects such as angular color dependency to materials.

Bismuth oxychloride (BiOCl) is another substrate-free pearlescent pigment type that is made by hydrolyzing an acid bismuth solution in the presence of chlorides. The process parameters of pearlescent pigment can be changed to modify the final aspect ratio of the crystals which have a low aspect ratio and are commonly utilized in cosmetics. Crystals with a greater aspect ratio have an excellent brilliance and are commonly used in nail polish, buttons, and jewelry. The limited light stability, high density, and poor mechanical qualities of these pigments limit their usage in high-performance sectors.

Increase in demand for pearlescent pigment from cosmetics and personal care industry is driving the pearlescent pigment market growth.

Pearlescent pigments are primarily coated mica platelets, which offer both color and exhilarating visual effects to various color cosmetic applications such as blush, eye shadow, nail paint, and others. These pigments provide intense and dramatic colors with a wide range of iridescent, pearlescent, shimmering, and complex effects. The pigments find applications in color cosmetics for lip, eye, and face that gently diffuse ambient light to help lessen the appearance of fine lines and wrinkles.

Pearlescent pigments are processed with black titanium dioxide for use in cosmetics. This ensures that they exhibit stable color on all skin colors. The pearlescent pigments are transparent and due to their smooth surfaces, they reflect light. Light reflected from the transparent platelets produces luster that varies with particle size. Smaller particles impart a satin sheen whereas larger particles create sparkle or glitter. They are extensively used in lipsticks and eyeshadows in order to provide them with a glitter and pearly effect.

Bismuth Oxychloride powders are primarily employed as functional fillers in cosmetic products for their unique properties such as the silver-white pearl effect. The high gloss dispersion based on Bismuth Oxychloride is excellent for wax-based formulations such as lip gloss or lipsticks. In pressed powders, they can greatly enhance the pay-off as well as binding properties.

Further, pearlescent pigments offer an irresistible shine of gold, silver, or various other range of beautiful colors. The use of substrate-based pearlescent pigments in shampoo formulations make iridescent effects that cannot be achieved with traditional stearate pearling agents.

These pigments are incorporated into transparent products. In combination with dyes and other color pigments, pearl luster pigments enable the creation of a wide range of colorful luster effects with an exceptional color shade and luster. However, rise in veganism is hindering the demand for natural pearl essence, which restrains the market growth during the forecast period. Nevertheless, product launches and innovation is predicted to provide lucrative growth opportunities for the market.

Pearlescent pigment allows physical stability while enhancing the product’s appearance with its color-change and crystal-like effects. In recent years, the protection and aesthetical properties of the coated ingredient have been driving R&D professionals’ attention. Moreover, nowadays, the key manufacturers operating in the pearlescent pigment industry have been engaged in product innovation.

For instance, NIHON KOKEN KOGYO CO.,LTD. offers synthetic mica based 'TWINCLEPEARL', that offers both excellent luminance and brilliant luster. Natural mica based 'FANTASPERAL' offered by the company combines high quality luster along with excellent cost performance. Further, the company’s Silseem series is a range of composite powders produced using its core technology metal oxide coating. They can be utilized in cosmetics products to smooth complexion, make skin glow, or create a matte finish.

Further, Sun Chemical offers SunPEARL Shadows, part of the SunPEARL Pearlescent product line. The innovative pigment portfolio permits cosmetic firms to produce makeup products that radiate a range of colors when viewed at distinct angles without requiring a white base. The product delivers a considerably expanded resource for cosmetic color formulators to use when producing fingernail polish, eye shadow, or lipstick. The shadow colors produced by the company offer intense and dark interference color effects that provide a broad range of sophisticated colors when combined with other colorants.

Sudarshan Chemical Industries Limited offers superior quality pearlescent and inorganic pigments to the cosmetic and personal care industries. The company's Sudacos range offers high-purity U.S. FDA-approved D&C pigments with the highest chroma, exceptional dispersibility, and outstanding color consistency.

ECKART's new novel pearl effect pigments technology enables pearlescent pigments offer exceptional color intensity and highest luster properties as well as remarkable chemical resistance and efficient mechanical & UV stability. This impacts technically and visually unique products from the ECKART Edelstein series that cover the entire color range. The first Edelstein orange, gold, and red color types have already been commercially launched based on the technology. The novel pearl effect pigments are employed in multiple application areas and various industries including cosmetics, automotive, and coatings industries.

Major players operating in the global pearlescent pigment market includes BASF SE, Eckart GmbH, Geotech International B.V., Sun Chemical, RIKA Technology Co., Ltd., Kromachem Ltd, IFC Solutions, Zhejiang Ruicheng New Material Co., Ltd., Chemical Technologies SIA, and Kuncai Americas, LLC.

The pearlescent pigment market is segmented into type, application, and region. On the basis of type, the market is categorized into natural pearl essence, titanium dioxide mica, ferric oxide mica, and others. On the basis of application, it is classified into paints & coatings, plastics, printing ink, cosmetics & personal care, and others. Region wise, the pearlescent pigment market share is studied across North America, Europe, Asia-Pacific, and LAMEA.

Pearlescent Pigment Market
By Region
2031
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific dominated the market in 2021

Asia-Pacific dominated the global pearlescent pigment market in 2021. In Asia-Pacific, the use of borosilicate or glass flake pearlescent pigments in cosmetics products is anticipated to grow due to their qualities such as luster, transparency, and reflectivity. They have a strong aesthetic impact on cosmetic and personal care products such as pressed powders, nail polishes, wax-based systems, emulsions, and gels. Moreover, the usage of glass flake pearlescent pigment in lip cosmetics is expected to grow in the next years in Asia-Pacific since it provides a crystal-clear glitter look.

Pearlescent Pigment Market
By Type
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Titanium Dioxide Mica segment was the highest revenue contributor to the market in 2021

The titanium dioxide mica segment dominated the global pearlescent pigment market in 2021. Titanium dioxide has various unique characteristics that make it ideal for numerous applications. It has high boiling point of 2,972ºC  and melting point of 1,843ºC, hence occurs naturally as a solid, and, even in its particle form, it is insoluble in water. Besides,  it has a high refractive index while also being highly transparent in the visible portion of the spectrum.

Titanium dioxide combination allows the coatings formulator to get exceptionally opaque and bright whites or colors while maintaining minimal film thickness. Titanium dioxide mica is used as a white pigment in a wide range of applications, including sunscreens, cosmetics, paints, and plastics.  It delivers maximum whiteness and opacity when added to products.  Due to its transparency and UV absorption properties, titanium dioxide mica is used as a sunscreen in pearlescent pigment products. It is also used as a food colorant to enhance and brighten the color of white foods such as dairy products, candy, frosting, and doughnut powder.

Pearlescent Pigment Market
By Application
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Paints and Coatings segment was the highest revenue contributor to the market in 2021

The paints and coatings segment dominated the global pearlescent pigment market in 2021. Pearlescent pigments are utilized in fluoropolymers such as polyvinylidene difluoride, which are utilized in industrial and architectural coatings. They are particularly useful in architectural coatings, where both excellent aesthetic and substrate protection should be maintained for a long period.

Pearlescent pigment coatings and paints are utilized in bridges, aircraft, pipelines, washing machines, automobiles, and a variety of other products based on their hardness, elastic modulus, glass transition temperature, toughness, and abrasion resistance.

The high demand for paints and coatings in the automotive sector will enhance the market possibilities for pearlescent pigments due to their color stability, continuous protective layer production, corrosion resistance, abrasion and scratch resistance, flexibility, and durability. Pearlescent pigment coatings are also demanded to protect commercial and military ships against environmental hazards such as water, UV radiation, and thermal instability.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pearlescent pigment market analysis from 2021 to 2031 to identify the prevailing pearlescent pigment market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the pearlescent pigment market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global pearlescent pigment market trends, key players, market segments, application areas, and market growth strategies.

Pearlescent Pigment Market Report Highlights

Aspects Details
Market Size By 2031
Market Size By 2031

USD 2.2 billion

Growth Rate
Growth Rate

CAGR of 6.3%

Forecast period
Forecast period

2021 - 2031

Report Pages
Report Pages

278

Pearlescent Pigment Market By Type
By Type
  • Natural Pearl Essence
  • Titanium Dioxide Mica
  • Ferric Oxide Mica
  • Others
Pearlescent Pigment Market By Application
By Application
  • Paints and Coatings
  • Plastics
  • Printing Ink
  • Cosmetics and Personal Care
  • Others
Pearlescent Pigment Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players
Key Market Players

RIKA Technology Co., Ltd., Kuncai Americas, LLC, Sun Chemical, ifc solutions, Geotech International B.V., Zhejiang Ruicheng New Material Co., Ltd., Eckart GmbH, Kromachem Ltd, Chemical Technologies SIA, BASF SE

Analyst Review

According to the opinions of various CXOs of leading companies, the pearlescent pigment market is driven by rise in demand for pearlescent pigment from cosmetics and personal care industry. Also, the pearlescent pigment market is growing as a result of the rising demand for passenger vehicles. Pearlescent pigments are widely used in a variety of applications, from cosmetics to plastics and inks to automotive topcoats. Owing to their luster and gloss, pearlescent paints are used extensively in the automotive industry.

According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), Asia-Pacific nations produced 29.8 million passenger vehicles, accounting for 53.4% of all automobiles produced globally. Pearlescent paints are formed out of the same fundamental paint components as metallic paint; however, the metal powder is replaced with ceramic crystals, often known as mica. The unique attribute of pearlescent pigment paint is that it adds refraction of light. This refraction adds a deep color to the paint along with the gloss in cars. The pearlescent paint has a distinct edge above the metallic paint, which is evident when viewed in bright sunshine.

 

 

Author Name(s) : Naresh Mawlankar and Devashree Patwardhan | Eswara Prasad
Frequently Asked Questions?

The global pearlescent pigment market was valued at $1.2 billion in 2021, and is projected to reach $2.2 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.

Surge in demand for pearlescent pigment from cosmetics and personal care industry is driving the market growth of pearlescent pigment.

Paints and coatings is the leading application of Pearlescent Pigment Market.

Asia-Pacific is the largest regional market for Pearlescent Pigment.

Major players operating in the global pearlescent pigment market includes BASF SE, Eckart GmbH, Geotech International B.V., Sun Chemical, RIKA Technology Co., Ltd., Kromachem Ltd, IFC Solutions, Zhejiang Ruicheng New Material Co., Ltd., Chemical Technologies SIA, and Kuncai Americas, LLC.

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Pearlescent Pigment Market

Global Opportunity Analysis and Industry Forecast, 2022-2031