The global pearlescent pigment market is expected to reach USD 547.8 million by 2022, according to a new report by Grand View Research, Inc. Growing demand for high performance, high brilliance paints on account of expanding automotive & construction industries in emerging markets is expected to remain a key driving factor for the global market.
Shift in trend towards reducing VOC emissions and growing awareness regarding sustainability is also expected to act as a vital determinant for market growth. Developed markets are anticipated to face obstacles in the form of stringent regulatory norms, hampering market growth over the forecast period.
Read Complete Report with TOC @ http://www.radiantinsights.com/research/pearlescent-pigment-market
Titanium dioxide (TiO2) coated mica pigment was the leading product segment with demand share exceeding 35% in 2014. High consumption rates of these pigments across automotive, construction and printing ink industries is expected to drive this segment over the forecast period. It is also expected to witness the highest growth of 5.1% from 2015 to 2022.
Iron/ferric oxide mica pigment is also expected to witness brisk growth owing to its high refractive index, metallic luster, excellent hiding properties and weather resistance. Increasing application in the cosmetics and printing inks sector is a major driving force for the product.
Further key findings from the report suggest:
Global pearlescent pigment market demand was 74.8 kilo tons in 2014 and is expected to reach 100.7 kilo tons by 2022, growing at a CAGR of 4.6% from 2015 to 2022
Paints & coatings was the leading application segment and accounted for 34.1% of total market volume in 2014. Increasing consumer preference for high-value coatings and colorful iridescence on sports and luxury vehicles is likely to foster market growth. Plastic is expected to witness the highest growth of 5.1% from 2015 to 2022.
North America was the leading regional market with demand share estimated at 38.2% in 2014. Recovery of construction and automotive industry in the U.S. is expected to drive the regional growth.
Asia Pacific is expected to witness the highest growth of 5.1% from 2015 to 2022. Rapid industrialization and expansion of major end-use industries such as automotive and construction particularly in China and India is expected to drive the regional growth.
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information visit: Radiant Insights
Corporate Sales Specialist, USA
Radiant Insights, Inc
Toll Free: 1-888-202-9519
Blog URL: http://sagarkadam.kinja.com/