The global market for pearlescent pigments is anticipated to rise at 4.1 percent compound annual growth rate (CAGR) from 2015-2025, according to the report. In 2014, interest for pearlescent pigments was most astounding in the automotive sector, representing 39.5% market share.
Inclination for aesthetically engaging completions in cars is a key factor driving the development of the pearlescent pigment market. Interest for pearlescent pigments from coatings and automotive paints area is required to make supported request amid the forecast period.
Further, cost of pearlescent pigments is higher in Western Europe and North America when contrasted with Asia Pacific, where low labour costs and simple crude material accessibility have helped in keeping cost at aggressive levels. Many key players are moving creation from natural mica based pearlescent pigments to engineered variations. Further, many organizations are setting up base in Asia Pacific to use on the exceptionally lucrative market in the district.
Based on item compose, the market is divided into natural, synthetic, and glass. Among the item writes, the regular pearlescent pigment sector is the biggest supporter of the market development as far as income, representing over 65% of the market of the overall industry in 2014.
Key organizations canvassed in the report incorporate Fujian Kuncai Material Technology Co Ltd, Sudarshan Chemicals Industries Ltd, Spectra Colours Ltd, DIC Corporation, Merck KgaA, Huaian Concord Industrial Product Co. Ltd, Sinpearl Pearlescent Pigment Co. Ltd Shanghai Zhuerna Oxen Special Chemicals Co. Ltd, BASF SE, ALTANA AG, CRISTAL, High-Tech Powder Material Co. Ltd, Aal Chemicals Ltd, Effect Pigments Co. Ltd, Lansco Colours, Zhejiang Ruicheng, and Kolorjet Chemicals Pvt Ltd.Merck KgaA, Fujian Kuncai Material Technology Co. Ltd and BASF SE are expected to account for the major share of the worldwide pearlescent pigment market in 2015.
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