A new market intelligence study by Transparency Market Research presents a detailed overview of the global pearl pigments market. The report is titled “Pearl Pigment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” The market research study provides a comprehensive analysis of the growth drivers, factors limiting the market’s growth, current trends, market structure, and projections for the period from 2015 to 2023.
Pearl pigments, also known as pearlescent pigments, belong to the group of fluorescent and phosphorescent pigments. These pigments have a transparent appearance due to the reflective and smooth planes. In the presence of mica, these pigments have a pearly shine when coated with metallic oxide, and thus, they are referred to as pearl pigments.
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Pearl pigments are becoming popular, as they offer visual appeal and enhanced special effects. In the presence of fine mica flakes, titanium dioxide coatings are generally used for the production of pearl pigment coatings. To enhance the shining effect of the pearl pigment, carbon black powder is added.
Pearl pigments are poor conductors of electricity and heat and offer high resistance against alkalis and acids, and are thus widely preferred as coating pigments for automobiles. Automobiles get a pearly gloss after being coated with pearl pigments. Thus, they are used for coating luxurious vehicles and sports vehicles. Pearl pigments have also found their application in the printing industry, wherein the numerous colored and lustrous inks used for printing are made with pearl pigments. The toy industry also makes use of the artificial luster of pearl pigments. Pearl light coatings made by mixing pearl pigments with monochromatic coatings are used in the construction and building industry. Pearl light coatings are also used for the production of transparent and semi-transparent plastic materials. Since pearl pigments are non-toxic, safe, and edible, they are used for packaging food. The multiple applications of these pigments have boosted the global pearl pigments market.
Initially extracted from fish scales, pearl pigments are now manufactured using mica flakes and titanium dioxide. Pearl pigments are heavily used in the paint and coating industry, encouraging the market’s growth. More than half of the global pearl pigments market in terms of volume is held by the paint and coating industry. The second largest consumer of pearl pigments is the printing industry.
Geographically, the market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Out of these, North America held the largest market share. However, Asia Pacific is expected to witness the fastest growth in the pearl segments market. The increase in the manufacturing of automobiles in countries such as China, South Korea, India, and Japan has propelled the demand for pearl pigments in the Asia Pacific region. The demand in Europe for pearl pigments has decreased drastically owing to the economic slowdown in European countries.
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Key manufacturers of pearl pigments include: BASF SE, Millennium Chemicals, Inc., Heubach GmbH, The Dow Chemical Company, and L’Arca Srl.
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