According to IMARC Group's latest research report, titled "Pearlescent Pigment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights into the pearlescent pigment market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global pearlescent pigment market size reached a value of US$ 1.62 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.34 Billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027.
Pearlescent Pigment Market Outlook:
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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Pearlescent Pigment Market Growth:
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.
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