A recent market research report, titled “Global Pearlescent Pigment Market 2018-2022” says that the global pearlescent pigment market is expected to grow at a CAGR of 4.58% during the period 2018-2022.
Owing to FDA approval for use in cosmetics and personal care products, the pearlescent pigment market is gaining momentum. The mica-based pearlescent pigments are identified to be free from certain harmful substances like lead, arsenic, and mercury.
According to the report, these pigments are made out of naturally from fish scales or synthetic mica platelets or artificial glass substrates followed by semitransparent layers of metal oxides. They deliver superior whiteness, shine: and coverage with extraordinary optical effects ranging from a fine-grained luster to a bold silvery-white sparkle.
Pearlescent pigments are said to be special pigments that belong to the same class as fluorescent and phosphorescent pigments. It has applications in printing inks, plastics, automotive sector, paints and coatings, cosmetics, and architectural coatings applications.
The said report has identified various prominent players in the global pearlescent pigment market, viz, BASF, Merck, Sudarshan Chemical Industries, Sun Chemical, ALTANA, CHESIR, and others.