The "Pearlescent Pigment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", report by IMARC Group offers a detailed analysis of the industry, including the pearlescent pigment market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global pearlescent pigment market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
Pearlescent pigments represent non-reactive, transparent, and non-toxic platelets that can reflect light and create a lustrous effect, on account of their smooth textures. These tints also provide color and intricate visual effects to various plastics, coatings, and printing inks. Pearlescent pigments are obtained from natural sources, such as fish scales, or synthetic sources, including bismuth oxychloride, metal oxide-coated mica, basic lead carbonate, lead arsenate, etc. In addition to this, they are widely available in innovative designs and several platelet sizes, thicknesses, coarseness of the particles and pigment concentration, etc.
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The escalating demand for these tints in the automotive industry as an alternative to metallics, owing to the high weathering-resistant properties, and the rising sales of passenger and commercial vehicles across the globe are among the primary factors driving the pearlescent pigment market. Besides this, the growing utilization of these platelets in numerous personal care products, such as eyeshadow, blush, highlighter, lip gloss, bronzer, etc., to create a matte finish and add color, sparkle, glitter, etc., is further augmenting the market growth. Moreover, the inflating popularity of pearlescent pigments in packaging materials of food items, as they provide high stability of light sensitization and acid, alkali, and high-temperature resistance, is also catalyzing the global market. Apart from this, the increasing consumer inclination towards packaged meals is acting as another significant growth-inducing factor. Furthermore, the easy availability of sustainable products and customized formulas via e-commerce channels and the development of unisex cosmetic items are anticipated to propel the pearlescent pigment market over the forecasted period.
The report has segmented the market into the following categories:
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