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Over 1/4th of Pearlescent Pigment Market Demand to Contributed by the U.S. Demand for pearlescent pigment in China is expected to witness growth at a CAGR of 6.4% over the assessment period. Maximum Sales in Pearlescent Pigment Market to Come from Automotive Industry
NEWARK, Del. , Sept. 19, 2022 /PRNewswire/ -- The global pearlescent pigment market is expected to poise an impressive CAGR of 4.0% over the assessment period from 2022 to 2032. The market is projected to garner a total revenue of US$ 3,601.70 Mn by the end of 2022 and is anticipated to surpass US$ 5,331.4 Mn by 2032. Predominant influence on the market is by certain industrial and innovation factors including growth in automotive, paints and coatings, and plastic industry and investment in product development.
According to the historic evaluations, the pearlescent pigment market witnessed a growth outlook of around 4.2% CAGR over the period between 2015 and 2021. However, a significant surge has been witnessed in demand for pearlescent pigments, particularly for application in the printing and food packaging industry. Owing to these factors, the demand for the pearlescent pigment market is anticipated to reach US$ 5,331.4 Mn by 2032. Sales in the market are projected to expand by nearly 1.5x over the forecast period (2022-2032).
On the basis of regional segmentation, the East Asian region is predicted to remain prominent in the consumption of pearlescent pigment. The south Asian market is expected to witness a positive growth outlook, especially in emerging countries like India . Attributing to the growing applications in various industries including personal care and paints & coatings industries, the global pearlescent pigment market is expected to have higher demand over the years. The global consumption of pearlescent pigment is estimated to be around 6-8% of the overall pigments market.
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Prominent players in the market are focusing on surging their manufacturing capacities and are extensively setting up their manufacturing units, sales offices, and distribution channel in emerging economies to boost their sales, especially in emerging economies.
Key participants are also focusing on the acquisition of small and medium-sized manufacturers to enhance their annual turnover. Some of the leading players are also focusing on tailored product offerings as per the specific requirements of the end-use industries.
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More Insights into the Pearlescent Pigment Market
According to FMI studies, a significant development in the industrial sector all over the U.S. is expected to result in an upsurge in pearlescent pigment production. It has been widely adopted in various industries such as automotive, paints, and coatings, and plastic compounding will also spur the demand for pearlescent pigment. Backed by this, the U.S. is estimated to account for around 27% of the global market share.
Demand for pearlescent pigment is predicted to surge in China with a phenomenal CAGR of 6.4% over the projection period. Owing to the significant growth in the construction sector, development in the paints and coatings industry, growth in the plastic industry and significant rise in the automotive industry are the key driving factors in the China pearlescent pigment market.
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Pearlescent Pigment Market Demand Analysis 2015-2021 and Forecast, 2022-2032
5.1. Historical Market Volume (Tons) Analysis, 2015-2021
5.2. Current and Future Market Volume (Tons) Projections, 2022-2032
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Dyes and Pigments Market Trends - Dyes are the intensely colored or flaming organic materials, which are naturally colored and imparts color to a substrate by absorption of light. Pigment is a chemical material, which alters the color of the transmitted or reflected light due to wavelength-selective absorption.
Paper Pigments Market Outlook - Paper pigments has various superior properties including low solubility in water, and help to boost brightness, opacity values of paper, and among others. The key application of paper pigments is to improve printing properties.
Phthalocyanine Pigments Market Growth - Phthalocyanine pigments are one of the most widely used organic pigments which find their extensive utilization in the various industries including textile, paper, plastic, etc. Phthalocyanine possess intense blue-green color and also form coordination complex with almost all elements of the periodic table, which are further used as pigments or dyes.
Organic Pigments Market Demand - Organic pigments are carbon based particulate solids which can be prepared by natural and synthetic source of production. The natural organic pigments are derived from plants and animals while synthetic organic pigments are carbon based and are often derived from petroleum compounds.
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