Chemical Planet

Growing demand for high performance, high brilliance paints on account of expanding automotive & construction industries particularly in Asia Pacific and the Middle East is expected to remain a key driving factor for the global market. The Global Pearlescent Pigment Market is expected to reach USD 1.92 billion by 2022, according to a new report by Grand View Research, Inc. The shift in trend towards reducing VOC emissions and growing awareness regarding sustainability is also a vital determinant for the market growth. Developed markets are anticipated to face obstacles in the form of stringent regulatory norms, hampering market growth over the forecast period. Titanium dioxide (TiO2) coated mica pigment was the leading product segment and accounted for 35.9% of total market volume in 2014. Increasing penetration of these pigments in automotive, construction, printing inks and other major end-use industries is expected to fuel the demand. Good hiding power, high luster & b

Pearlescent or ‘pearl’ pigments are majorly processed into paints & coatings, plastics & printing inks with an aim to provide brilliant color effects & high luster onto various substrates. Such special effect pigments are increasingly being incorporated into various consumer goods to lend strong aesthetic appeal at a relatively low cost. The India Pearlescent Pigment Market is expected to reach USD 110.3 million by 2024, according to a new report by Grand View Research, Inc. Regulatory intervention is driving the utilization of materials that minimize the stress & detrimental impact on non-renewable resources such as minerals & metal ores. The Central Pollution Control Board of India has stipulated regulations related to volatile organic compound (VOC) emissions from pigments & related specialty chemicals, which has encouraged market growth as well. The heterogeneity of customer needs has expanded tremendously, offering multinationals numerous opportunitie