Pearlescent Pigment Market To Reach $1.92 Billion By 2022
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. 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 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 & brilliance, coupled with compatibility to several materials is expected to boost the segment over the forecast period. View summary of this report analysis/pearlescent-pigment-market
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