U.S. Pearlescent Pigment Market to Observe Surprising Growth of Business Outlook, Business Strategies Forecast to 2031

Allied Market Research recently released a report titled "U.S. Pearlescent Pigment Market by Application (Cosmetics and Personal Care, Others): Country Opportunity Analysis and Industry Forecast, 2021-2031". The report indicates that the U.S. Pearlescent Pigment industry recorded a revenue of $204.62 million in 2021 and is expected to reach $353.39 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.7% from 2023 to 2031.

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Key Growth Drivers:

The rising demand for pearlescent pigment in the cosmetics and personal care industry is a prime factor driving the growth of the U.S. Pearlescent Pigment market. However, the increasing popularity of veganism is posing a challenge due to reduced demand for natural pearl essence. Nonetheless, the market is poised for growth opportunities with continuous product launches and innovation in pearlescent pigment applications.

Report Coverage Summary:

- Forecast Period: 2022-2031
- Base Year: 2021
- Market Size in 2021: $204.62 Million
- Market Size in 2031: $353.39 Million
- CAGR: 5.74%
- Number of Pages in Report: 104
- Segments Covered: Application

Covid-19 Impact:

The COVID-19 pandemic caused a temporary decline in the output of the pearlescent pigment market, although the demand remained steady. The cosmetics industry, including color cosmetics, skincare, haircare, and personal care, experienced disruptions due to the crisis. However, innovative strategies such as increased online presence, product diversification, and leveraging social media platforms helped mitigate the impact. Despite challenges, the cosmetics and beauty retail market demonstrated resilience, with companies adapting to changing consumer demands.

Segment Analysis:

The "Others" segment, encompassing various applications such as paints and coatings, plastics, printing ink, textiles, electronics, and food, maintained its leading position in 2021 and is expected to sustain it throughout the forecast period.
The cosmetics and personal care segment is projected to grow at a CAGR of 6.31% from 2022 to 2031, driven by the use of pearlescent pigments in a wide range of beauty products to enhance color, luster, and shine.

Leading Market Players:

Key players in the U.S. Pearlescent Pigment market include BASF SE, ECKART GmbH, SUN CHEMICAL, IFC SOLUTIONS, KUNCAI AMERICAS, SENSIENT TECHNOLOGIES CORPORATION, DIC CORPORATION, KP PIGMENTS, MERCK KGAA, Glitter Unique, LLC, and SANDREAM SPECIALTIES. These companies have adopted various strategies such as new product launches, collaborations, and expansions to maintain their market dominance.

The full report provides comprehensive insights into market dynamics, key player strategies, and statistical data.

Obtain Report Details: https://www.alliedmarketresearch.com/u-s-pearlescent-pigment-market-A74451

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