According to a report,“India Pearlescent Pigment Market Analysis By Product (Natural Pearl Essence, Titanium Dioxide Mica, Iron/Ferric Oxide Mica, Combination Mica), By Application (Paints & Coatings (Decorative Coating, Automotive Coating, Powder Coating, Coil Coating), Plastics (Packaging, Injection Molded Plastics), Printing Inks & Cosmetics) And Segment Forecasts To 2024”, published by Grand View Research, Inc., the India pearlescent pigment market is expected to reach USD 110.3 million by 2024. Pearlescent or ‘pearl’ pigments are majorly processed into paints & coatings, plastics & printing inks with an aim to provide brilliant color effects & high luster onto various substrates. Such special effect pigments are increasingly being incorporated into various consumer goods to lend strong aesthetic appeal at a relatively low cost.
Key Takeaways from the report:
India pearlescent pigment market revenue by product, 2014 – 2024 (USD Million)
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Regulatory intervention is driving the utilization of materials that minimize the stress & detrimental impact on non-renewable resources such as minerals & metal ores. The Central Pollution Control Board of India has stipulated regulations related to volatile organic compound (VOC) emissions from pigments & related specialty chemicals, which has encouraged market growth as well.
The heterogeneity of customer needs has expanded tremendously, offering multinationals numerous opportunities, especially in emerging economies such as India, which are brimming with consumer disposable income.
Iron/ferric oxide mica was the dominant product segment, accounting for over 35% of the market volume in 2015. The product has a high refractive index, metallic luster, excellent hiding properties & weather resistance that makes it ideal for outdoor paints & coatings applications.
India Pearlescent Pigment Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
India Pearlescent Pigment Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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