Latest Update on Special Effect Pigments Market 2016-2028: Leading Key Players | BASF SE, Clariant AG, Altana AG

Special Effect Pigments Market is estimated to reach USD XX billion by 2028

According to the predictions made in the latest report by Quince Market Insights, the increasing demand for product differentiation and enhanced appearance in recent years, the Special Effect Pigments Market is expected to offer high growth.

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What are Special Effect Pigments and what are their applications?

Increasing demand from applications including paints & coatings, inks for printing, plastics, cosmetics and others is expected to drive market growth. Special effect pigments are the materials which, when light is reflected and transmitted through these materials, can change the color of light. Their different properties and characteristics such as corrosion resistance, electric, are the reasons why these materials are commonly used in various applications such as painting and coating, printing inks, plastics, etc.

Segmentation for better understanding of this market and its growth prospects

The global special effect pigment is segmented into effect, type, and application. On the basis of effect, it is segmented into pearlescent, fluorescent, phosphorescent, others. The pearlescent category has been increasingly in demand because they possess optical effects that are not only used for decorative purposes but also other important functional roles such as protection printing and optical filters.

Based on type, it is divided into metallic pigments, pearlescent pigments, others.

Among these, it is estimated that metallic pigments accounted for the largest market share in 2018. Metallic pigments are used to improve color, clarity, and achieve metallic effects such as gold, silver, and chrome in applications such as paints & coatings, fabrics, printing inks, and cosmetics, among others. In addition, the metallic pigments are segmented into copper, bronze, chrome, gold, and silver. Further the pearlescent pigments are separated into the base of mica and titanium dioxide.

By application, it is divided into paint and coating, printing inks, plastics, cosmetics, and others. It is estimated that the paints & coatings application accounted for the largest market share during the forecast period. And it is projected to grow at a high rate, in terms of value and volume among all industries considered.

Important Factors Impacting Market Growth:

o The increasing demand for product differentiation and improved appearance

o The constantly rising demand from the cosmetics and personal care sector

o Increasing Urbanization and growth of paints and coatings as well as plastic industries

Regional distribution of special-effect pigment market

Based on the region, the special effect pigment market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World.

The Asia-Pacific region is the fastest-growing special-effect pigment market because rapid growth in paints & coatings, printing inks, plastics, cosmetics, and others industries as a result of increased urbanization. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on.

Some of the major markets in North America and Western Europe are also typical suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Big North American and Western European firms are headquartered in this region. This area has undergone a variety of transformations from end-use industries in terms of the production of chemicals and their respective applications. In designing the green alternatives in these areas, preference for bio-based feedstock has been instrumental. In addition, regulatory bodies have placed strict guidelines on environmental concerns and potential health risks related to exposures. This has been more influential in the dynamic Western Europe region. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Middle East is comprised of the UAE, Saudi Arabia, Iran, Israel, Egypt, etc. With operations by major chemical giants in the region, Eastern Europe was controlled mainly by Russia and Turkey. Rest of the world which includes South America and Africa has a strong potential for the demand of special effect pigments. Global companies have steadily invested in these regions to improve their presence and to access the potential market. Major economies in these regions include Brazil, South Africa, Nigeria, Argentina, Colombia and others for the special effect pigment market.

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Major companies playing a crucial role in the growth of this market are: BASF SE, Clariant AG, Huntsman Corporation, Altana AG, Merck KGaA, Sudarshan Chemical Industries, Dic Corporation, Sensient Industrial Colours, Geotech International B.V., Kolortek Co. Ltd.
Market Segmentation:

By Effect:
o Pearlescent
o Fluorescent
o Phosphorescent
o Others

By Type:
o Metallic Pigments
o Aluminium
o Bronze
o Chrome
o Gold
o Silver
o Pearlescent Pigments
o Mica Base
o Titanium Dioxide
o Others

By Application:
o Paints & Coatings
o Printing Inks
o Plastics
o Cosmetics
o Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Effect
o By Type
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Effect
o By Type
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Effect
o By Type
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Effect
o By Type
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Effect
o By Type
o By Application

Rest of the World
o By Region (South America, Africa)
o By Effect
o By Type
o By Application

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.