India Pearlescent Pigment Market To Reach $139.3 Million By 2030

India Pearlescent Pigment Market Growth & Trends

The India pearlescent pigment market size is anticipated to reach USD 139.3 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 4.0% from 2024 to 2030. 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.

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 opportunities, especially in emerging economies such as India, which are brimming with consumer disposable income.

Iron/ferric oxide mica was the dominant product segment, accounting for over 35% of the market volume in 2015. The product has a high refractive index, metallic luster, excellent hiding properties & weather resistance that makes it ideal for outdoor paints & coatings applications.

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India Pearlescent Pigment Market Report Highlights

• The iron/ferric oxide mica segment dominated the market and accounted largest revenue of 42.2% in 2023. The growth of this segment is driven by product's ability to create a range of colors and effects.

• The paint & coatings segment dominated the India pearlescent pigment market in 2023. Rising income levels and increasing growth for industries such as automotive, infrastructure and others are fueling the demand.

• The plastics segment is expected to experience the fastest CAGR over the forecast period. The increasing popularity of high-end plastics and polymers in various industries, including automotive, electronics, and consumer goods, is a major growth factor, fueling the segment growth.

India Pearlescent Pigment Market Segmentation

Grand View Research has segmented the India pearlescent pigment market report based on product, application, and region.

India Pearlescent Pigment Application Outlook (Revenue, USD Million, Unit Kilotons, 2018 - 2030)

• Paint & Coatings

• Plastics

• Printing Inks

• Cosmetics

• Others

India Pearlescent Pigment Product Outlook (Revenue, USD Million, Unit Kilotons, 2018 - 2030)

• Natural Pearl Essence

• Titanium Dioxide Mica

• Iron/Ferric Oxide Mica

• Combination Mica

• Others

List of Key Players in the India Pearlescent Pigment Market

• Sudarshan Chemical Industries Ltd.

• Merck KGaA

• BASF

• FX Pigments

• Dev Tech (India) Pvt. Ltd

• Valspar

• Kolortek Co., Ltd.

• Kuncai

• Plasti Pigments Pvt. Ltd.

• DIC CORPORATION

• Premier Pigments & Chemicals