Special Effect Pigments Market

Special Effect Pigments Market Size (2023-2028):

The special effect pigments market is predicted to reach $ 969.1 million by 2028 at a compound annual rate of 6.3%. Special effect pigments are artificial or natural coloring materials segregated by their iridescent color type, their high shine, and their optically thin film shine.

Its visual traces originate from the refraction and reflection of light with single and multiple layers. Special effect pigments are very attractive and react to heat or light to develop a complete variety of visual effects. The special effect pigment is a special material that changes the color of the light that is reflected and transmitted as a result of selective absorption depending on the wavelength. This physical procedure differs in all forms of luminescence, such as fluorescence, phosphorescence, etc. In addition to the common purpose of coloration, it also has magnetic, corrosion-inhibiting, electrical, or electromagnetic properties. Industries use special effect pigments to color other materials.

Special Effect Pigments Market Drivers and Restraints:

The global special effects pigment market has experienced a strong expansion in recent years, and this expansion should also continue in the coming years. In addition to paints and coatings optimized for the construction industry, procedures also add these special effect pigments to improve the properties of paints and improve their appearance. The escalating call for paints and coatings in the industrial sector for shielding is also escalating the use of special effects pigments in the market. This segment is predicted to grow rapidly due to its wide applications. Coatings and paints have a significant market share due to their versatile applications. Special effect pigments provide unusual optical effects for a variety of applications, including paints and coatings leading to the application. The increase in the construction and building sector is due to the escalating application of special effect pigments in paints and coatings. The industrialization and construction activities carried out by emerging countries are the engine of market expansion. The automotive and construction segment plays an important role in the expansion of the special effects pigment market. Various automotive colors tend to the market. The escalating adoption in the cosmetic field of nail polish, eye shadow, and lipstick paints, combined with the popularity of special origin biological effect pigments, will spur the expansion of the special effect pigment market.

Even though the industry for special effects pigments is rising at a high pace, some factors, like the high cost of raw materials, the change in the end-use industry from advanced nations to rising nations, and the escalation in production expenses are hindering the worldwide industry expansion. The increase in the construction and building sector is due to the escalating application of special effect pigments in paints and coatings. Market expansion primarily requires extensive use in various end uses industries, due to innovative efforts that have further improved the effectiveness of these chemicals. The importance of this chemical industry includes the development of the garment industry due to escalated consumer calls and population expansion. The worldwide special effects pigment market is growing at a significant rate due to driving factors such as escalated calls for pigments to create product differentiation and improve appearance. Furthermore, the expansion of the plastics industries due to escalating urbanization should stimulate the call for special effects pigments in the coming years. However, escalated regulations on toxic products and rapidly changing prices of raw materials may hinder the expansion of the special effects pigment market. Similarly, the development of a special bio-based pigment due to its ecological nature may provide a lucrative opportunity for market players in the near future.

SPECIAL EFFECT PIGMENTS MARKET REPORT COVERAGE

Special Effect Pigments Market Segmentation

Special Effect Pigments Market - By Type:

• Fluorescent

• Phosphorescent

• Photochromic

• Thermochromic Varieties

Some materials undergo the procedure of converting energy to light in special circumstances called fluorescence. Fluorescent colors tend in fashion, security labels and advertising, which are expected to expand with high preference in the coming years.

Special Effect Pigments Market - By End-user:

• Paints & Coatings

• Inks & Printing

• Cosmetics & Personal Care

• Plastics

The cosmetics and personal care sector uses pigments with special effects in color cosmetics. The paints and coatings segment has a significant share due to its versatile applications.

Special Effect Pigments Market - By Region:

• North America Special Effect Pigments Industry includes the U.S. and Canada.

• Europe Special Effect Pigments Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific Special Effect Pigments Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America Special Effect Pigments Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

• The Middle East & Africa Special Effect Pigments Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

The Asia Pacific is the largest market for special effect pigments. The growing call for special effects pigments in this region is mainly due to their escalated use in packaging, cosmetics, and household goods. North America is the second-largest consumer and manufacturer of special effects pigments in the world. The Asia-Pacific region is the quickest-developing region in the industry. Paints, coatings, and plastics are the two main applications that contribute to the growing call for special effects pigments worldwide. Asia-Pacific is considered an important market. The special effects pigment market is improving in the United States due to escalated home and car sales. The rising popularity of color shades and the changing trend toward SUVs and trucks have elevated the automotive sector. Government VOC regulations are an important limitation found by the market for special effect pigments.

Recent Developments:

• The latest product introductions involve two latest Lumina Royal pigments, Microlen Piano Black and a black and red addition to the Sicopal product line, which are particularly suggested for recycling calling materials and uses.

• Materials supplier Clariant A.G. and Saudi Arabia-based chemical company SABIC will merge parts of their businesses to create a leading provider of high-performance materials. The agreement does not include several known SABIC materials from GE Plastics.

Special Effect Pigments Market Key Players:

Some of the significant players presently operating in the special effect pigments industry include BASF SE (Germany), Clariant (Switzerland), Huntsman International LLC (U.S.), Altana AG (Germany), Merck KGaA (Germany), Sudarshan Chemical Industries Limited(India), DIC Corporation (Japan), GEOTECH (Netherlands), Sensient Colors LLC (U.K.), Kolortek Co., Ltd. (China)., Cabot Corporation, Kobo Dynamic (US), Ferro Corporation (US), Du Pont (US), DayGlo Color Corp. (US), Flint Group Pigments (UK), CARLFORS BURK (Sweden), The Chemours Company (US) and TOYOCOLOR CO., LTD. (Japan) Merck (U.S.), Sun Chemical (U.S.), GBC Speciality Chemicals Limited (U.K.), RPM International Inc. (U.S.) and other.