PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269582
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269582
Global Pearlescent Pigment Market is valued approximately USD 1.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2022-2029. Pearlescent pigments are coated mica platelets which are used to provide color and visual effects to different types of coatings, plastics, and printing inks. Additionally, owing to their smooth surfaces, these pigments are transparent and reflect light. These pigments are formed through depositing titanium dioxide and/or iron salts onto metal oxide layered mica such as titanium dioxide, iron oxide. The increasing growth of cosmetics & personal care industry and growing application in Paints and Coatings solutions are key factors driving the market growth.
The surging cosmetics and personal care industry is contributing towards the growth of the Global Pearlescent Pigment market. Further, these pigments have their application in different cosmetics products including eye shadow, blush, nail paint etc. For instance - as of 2020, the revenue in global cosmetics segment was estimated at USD 72.37 billion, and as projections the global cosmetics segment is projected to grow to USD 125.40 billion by 2027. Additionally, in 2020, the worldwide skincare products segment was valued at USD 128.70 billion, and it is projected to reach to USD 181.50 billion by 2027. Also, growing industrialization in developing economies and rising expansion of automotive industry would create lucrative growth prospectus for the market over the forecast period. However, the high cost of Pearlescent Pigment stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Pearlescent Pigment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing usage of pearlescent pigments in different industries including automotive, paints and coatings, and plastic as well as presence of leading market players in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising expansion of paints and coatings industry and increasing number of commercial & residential construction activities in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable