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
The India pearlescent pigment market is expected to reach USD 110.3 million by 2024, according to a new report by Grand View Research, Inc. 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.
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.
Further key findings from the study suggest:
Indian pearlescent pigment market demand was 10.6 kilo tons in 2015 and is expected to reach 16.6 kilo tons by 2024, growing at a CAGR of 5.1% from 2016 to 2024
Paints & coatings were the foremost application for pearl pigments in India, owing to the high demand for non-toxic, non-reactive pigments with brilliant metallic & translucent finishing effects in the automotive, construction & industrial sectors
Decorative coatings held the largest share with over 50% of the market volume in 2015. The segment is expected to witness rapid growth over the forecast period owing to the high demand for colorful & decorative paints during the seasonal festivities
Additionally, transitioning consumer lifestyles and rising passenger car sales are also likely to prompt growth in automotive paints. The segment is anticipated to grow at the highest CAGR of 4.7% from 2016 to 2024
Plastics was another major application, with the highest consumption in rigid & flexible packaging. Rising demand for individualized, smaller packages with futuristic color effects to enhance visual merchandising is driving product usage in this application
Key companies identified in the industry include Sudarshan Chemicals, Merck Performance Materials, BASF S.A., Dev Tech India Pvt. Ltd., Vaslpar (India) Coatings Corporation Pvt. Ltd., Kolortek Industries, Fujian Kuncai Material Technology Co. Ltd., and Colourex among others
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.
Further key findings from the study suggest:
Indian pearlescent pigment market demand was 10.6 kilo tons in 2015 and is expected to reach 16.6 kilo tons by 2024, growing at a CAGR of 5.1% from 2016 to 2024
Paints & coatings were the foremost application for pearl pigments in India, owing to the high demand for non-toxic, non-reactive pigments with brilliant metallic & translucent finishing effects in the automotive, construction & industrial sectors
Decorative coatings held the largest share with over 50% of the market volume in 2015. The segment is expected to witness rapid growth over the forecast period owing to the high demand for colorful & decorative paints during the seasonal festivities
Additionally, transitioning consumer lifestyles and rising passenger car sales are also likely to prompt growth in automotive paints. The segment is anticipated to grow at the highest CAGR of 4.7% from 2016 to 2024
Plastics was another major application, with the highest consumption in rigid & flexible packaging. Rising demand for individualized, smaller packages with futuristic color effects to enhance visual merchandising is driving product usage in this application
Key companies identified in the industry include Sudarshan Chemicals, Merck Performance Materials, BASF S.A., Dev Tech India Pvt. Ltd., Vaslpar (India) Coatings Corporation Pvt. Ltd., Kolortek Industries, Fujian Kuncai Material Technology Co. Ltd., and Colourex among others
CHAPTER 1 METHODOLOGY AND SCOPE
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 Market Estimation Method
1.4 List of Abbreviations
1.5 List of data sources
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET SNAPSHOT
3.1 Pearlescent Pigment- Industry snapshot and key buying criteria, 2013 - 2024
3.2 Industry Snapshot
CHAPTER 4 MARKET VARIABLES, TRENDS & SCOPE
4.1 Market segmentation
4.2 Market size and growth prospects
4.3 Pearlescent pigment market value chain analysis
4.3.1 Integration levels
4.4 Raw Material Trends
4.4.1 Mica
4.4.2 Titanium Dioxide
4.4.3 Iron/Ferric Oxide
4.5 Regulatory Framework
4.5.1 International Regulations
4.5.2 National
4.6 Technology Overview
4.7 Pearlescent pigment trade dynamics
4.7.1 Assumptions
4.8 Pearlescent pigment market dynamics
4.8.1 Market driver analysis
4.8.1.1 Key end-use industries growth
4.8.1.2 Growing popularity of mass customization techniques
4.8.2 Market restraint analysis
4.8.2.1 Physical limitations & processing challenges
4.9 Key Opportunities Prioritized
4.9.1 New Market Avenues
4.9.1.1 Research & development initiatives
4.9.1.2 New products in the market:
4.10 Industry analysis - Porter’s
4.11 India pearlescent pigment market PESTEL analysis
CHAPTER 5 MARKET CATEGORIZATION 1: PRODUCT ESTIMATES & TREND ANALYSIS
5.1 India pearlescent pigment market share by product, 2015 & 2024
5.2 Natural Pearl Essence
5.2.1 Market estimates & forecast, 2014 - 2024
5.3 Titanium Dioxide Mica
5.3.1 Market estimates & forecast, 2014 - 2024
5.4 Iron/Ferric Oxide Mica
5.4.1 Market estimates & forecast, 2014 - 2024
5.5 Combination Mica
5.5.1 Market estimates & forecast, 2014 - 2024
5.6 Others
5.6.1 Market estimates & forecast, 2014 - 2024
CHAPTER 6 MARKET CATEGORIZATION 2: APPLICATION ESTIMATES & TREND ANALYSIS
6.1 India pearlescent pigment market share by application, 2015 & 2024
6.2 Paints & Coatings
6.2.1 Market estimates & forecast, 2014 - 2024
6.2.1.1 Market estimates & forecast, 2014 - 2024
6.3 Plastics
6.3.1 Market estimates & forecast, 2014 -2024
6.3.1.1 Market estimates & forecast, 2014 - 2024
6.4 Printing Inks
6.4.1 Market estimates & forecast, 2014 - 2024
6.5 Cosmetics
6.5.1 Market estimates & forecast, 2014 - 2024
6.6 Others
6.6.1 Market estimates & forecast, 2014 - 2024
CHAPTER 7 COMPETITIVE LANDSCAPE
7.1 Pearlescent Pigments - Industry competition heat map analysis
7.2 Vendor Landscape
7.3 Competitive Environment
7.4 Strategy Framework
CHAPTER 8 COMPANY PROFILES
8.1 Sudarshan Chemical Industries Ltd.
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Industries and Services Catered
8.1.4 Product Benchmarking
8.1.5 Strategic Initiatives
8.2 Merck Performance Materials
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Industries and Services Catered
8.2.4 Product Benchmarking
8.2.5 Strategic Initiatives
8.3 BASF SA
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Industries and Services Catered
8.3.4 Product Benchmarking
8.3.5 Strategic Initiatives
8.4 FX Pigments Pvt. Ltd.
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Industries and Services Catered
8.4.4 Product Benchmarking
8.5 Dev Tech (India) Pvt. Ltd.
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Industries and Services Catered
8.5.4 Product Benchmarking
8.6 Valspar (India) Coatings Corporation Private Limited
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Industries and Services Catered
8.6.4 Product Benchmarking
8.6.5 Strategic Initiatives
8.7 Kolortek Industries
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Industries and Services Catered
8.7.4 Product Benchmarking
8.7.5 Strategic Initiatives
8.8 Fujian Kuncai Material Technology Co. Ltd.
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Industries and Services Catered
8.8.4 Product Benchmarking
8.8.5 Strategic Initiatives
8.9 Plasti Pigments Pvt. Ltd.
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Industries and Services Catered
8.9.4 Product Benchmarking
8.10 Colourex
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Industries and Services Catered
8.10.4 Product Benchmarking
8.11 Dycon Chemicals
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Industries and Services Catered
8.11.4 Product Benchmarking
8.12 Premier Pigments & Chemicals
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Industries and Services Catered
8.12.4 Product Benchmarking
8.13 Nanyang Lingbao Pearl Pigment Co. Ltd.
8.13.1 Company Overview
8.13.2 Financial Performance
8.13.3 Industries and Services Catered
8.13.4 Product Benchmarking
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 Market Estimation Method
1.4 List of Abbreviations
1.5 List of data sources
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET SNAPSHOT
3.1 Pearlescent Pigment- Industry snapshot and key buying criteria, 2013 - 2024
3.2 Industry Snapshot
CHAPTER 4 MARKET VARIABLES, TRENDS & SCOPE
4.1 Market segmentation
4.2 Market size and growth prospects
4.3 Pearlescent pigment market value chain analysis
4.3.1 Integration levels
4.4 Raw Material Trends
4.4.1 Mica
4.4.2 Titanium Dioxide
4.4.3 Iron/Ferric Oxide
4.5 Regulatory Framework
4.5.1 International Regulations
4.5.2 National
4.6 Technology Overview
4.7 Pearlescent pigment trade dynamics
4.7.1 Assumptions
4.8 Pearlescent pigment market dynamics
4.8.1 Market driver analysis
4.8.1.1 Key end-use industries growth
4.8.1.2 Growing popularity of mass customization techniques
4.8.2 Market restraint analysis
4.8.2.1 Physical limitations & processing challenges
4.9 Key Opportunities Prioritized
4.9.1 New Market Avenues
4.9.1.1 Research & development initiatives
4.9.1.2 New products in the market:
4.10 Industry analysis - Porter’s
4.11 India pearlescent pigment market PESTEL analysis
CHAPTER 5 MARKET CATEGORIZATION 1: PRODUCT ESTIMATES & TREND ANALYSIS
5.1 India pearlescent pigment market share by product, 2015 & 2024
5.2 Natural Pearl Essence
5.2.1 Market estimates & forecast, 2014 - 2024
5.3 Titanium Dioxide Mica
5.3.1 Market estimates & forecast, 2014 - 2024
5.4 Iron/Ferric Oxide Mica
5.4.1 Market estimates & forecast, 2014 - 2024
5.5 Combination Mica
5.5.1 Market estimates & forecast, 2014 - 2024
5.6 Others
5.6.1 Market estimates & forecast, 2014 - 2024
CHAPTER 6 MARKET CATEGORIZATION 2: APPLICATION ESTIMATES & TREND ANALYSIS
6.1 India pearlescent pigment market share by application, 2015 & 2024
6.2 Paints & Coatings
6.2.1 Market estimates & forecast, 2014 - 2024
6.2.1.1 Market estimates & forecast, 2014 - 2024
6.3 Plastics
6.3.1 Market estimates & forecast, 2014 -2024
6.3.1.1 Market estimates & forecast, 2014 - 2024
6.4 Printing Inks
6.4.1 Market estimates & forecast, 2014 - 2024
6.5 Cosmetics
6.5.1 Market estimates & forecast, 2014 - 2024
6.6 Others
6.6.1 Market estimates & forecast, 2014 - 2024
CHAPTER 7 COMPETITIVE LANDSCAPE
7.1 Pearlescent Pigments - Industry competition heat map analysis
7.2 Vendor Landscape
7.3 Competitive Environment
7.4 Strategy Framework
CHAPTER 8 COMPANY PROFILES
8.1 Sudarshan Chemical Industries Ltd.
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Industries and Services Catered
8.1.4 Product Benchmarking
8.1.5 Strategic Initiatives
8.2 Merck Performance Materials
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Industries and Services Catered
8.2.4 Product Benchmarking
8.2.5 Strategic Initiatives
8.3 BASF SA
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Industries and Services Catered
8.3.4 Product Benchmarking
8.3.5 Strategic Initiatives
8.4 FX Pigments Pvt. Ltd.
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Industries and Services Catered
8.4.4 Product Benchmarking
8.5 Dev Tech (India) Pvt. Ltd.
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Industries and Services Catered
8.5.4 Product Benchmarking
8.6 Valspar (India) Coatings Corporation Private Limited
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Industries and Services Catered
8.6.4 Product Benchmarking
8.6.5 Strategic Initiatives
8.7 Kolortek Industries
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Industries and Services Catered
8.7.4 Product Benchmarking
8.7.5 Strategic Initiatives
8.8 Fujian Kuncai Material Technology Co. Ltd.
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Industries and Services Catered
8.8.4 Product Benchmarking
8.8.5 Strategic Initiatives
8.9 Plasti Pigments Pvt. Ltd.
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Industries and Services Catered
8.9.4 Product Benchmarking
8.10 Colourex
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Industries and Services Catered
8.10.4 Product Benchmarking
8.11 Dycon Chemicals
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Industries and Services Catered
8.11.4 Product Benchmarking
8.12 Premier Pigments & Chemicals
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Industries and Services Catered
8.12.4 Product Benchmarking
8.13 Nanyang Lingbao Pearl Pigment Co. Ltd.
8.13.1 Company Overview
8.13.2 Financial Performance
8.13.3 Industries and Services Catered
8.13.4 Product Benchmarking
LIST OF TABLES
TABLE 1 List of abbreviations
TABLE 2 Key international regulations
TABLE 3 Key national & regional regulations
TABLE 4 Pearlescent pigment import data, 2013 - 2015
TABLE 5 Pearlescent pigment export data, 2013 - 2015
TABLE 6 India pearlescent pigment market - Key market driver impact
TABLE 7 India pearlescent pigment - Key market restraints impact
TABLE 8 Natural pearl essence pigment market estimates & forecasts, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 9 Titanium dioxide mica pearlescent pigment market estimates & forecasts, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 10 Ferric oxide mica pearlescent pigment market estimates & forecasts, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 11 Combination mica pearlescent pigment market estimates & forecasts, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 12 Other pearlescent pigment market estimates & forecast, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 13 India pearlescent pigment market estimates & forecast, from paints & coatings, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 14 India pearlescent pigment market volume from paints & coatings, by application, 2014 - 2024 (Kilo Tons)
TABLE 15 India pearlescent pigment market revenue from paints & coatings, by application, 2014 - 2024 (USD Million)
TABLE 16 India pearlescent pigment market estimates & forecast from plastics, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 17 India pearlescent pigment market volume from plastics, by application, 2014 - 2024 (Kilo Tons))
TABLE 18 India pearlescent pigment market revenue from plastics, by application, 2014 - 2024 (USD Million)
TABLE 19 India pearlescent pigment market estimates & forecast, from printing inks, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 20 India pearlescent pigment market estimates & forecast from cosmetics, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 21 India pearlescent pigment market estimates & forecast from other applications, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 22 Pearlescent Pigments Heat Map Analysis
TABLE 23 India pearlescent pigment market vendor landscape
TABLE 1 List of abbreviations
TABLE 2 Key international regulations
TABLE 3 Key national & regional regulations
TABLE 4 Pearlescent pigment import data, 2013 - 2015
TABLE 5 Pearlescent pigment export data, 2013 - 2015
TABLE 6 India pearlescent pigment market - Key market driver impact
TABLE 7 India pearlescent pigment - Key market restraints impact
TABLE 8 Natural pearl essence pigment market estimates & forecasts, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 9 Titanium dioxide mica pearlescent pigment market estimates & forecasts, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 10 Ferric oxide mica pearlescent pigment market estimates & forecasts, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 11 Combination mica pearlescent pigment market estimates & forecasts, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 12 Other pearlescent pigment market estimates & forecast, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 13 India pearlescent pigment market estimates & forecast, from paints & coatings, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 14 India pearlescent pigment market volume from paints & coatings, by application, 2014 - 2024 (Kilo Tons)
TABLE 15 India pearlescent pigment market revenue from paints & coatings, by application, 2014 - 2024 (USD Million)
TABLE 16 India pearlescent pigment market estimates & forecast from plastics, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 17 India pearlescent pigment market volume from plastics, by application, 2014 - 2024 (Kilo Tons))
TABLE 18 India pearlescent pigment market revenue from plastics, by application, 2014 - 2024 (USD Million)
TABLE 19 India pearlescent pigment market estimates & forecast, from printing inks, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 20 India pearlescent pigment market estimates & forecast from cosmetics, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 21 India pearlescent pigment market estimates & forecast from other applications, 2014 - 2024 (Kilo Tons) (USD Million)
TABLE 22 Pearlescent Pigments Heat Map Analysis
TABLE 23 India pearlescent pigment market vendor landscape
LIST OF FIGURES
FIG. 1 Pearlescent pigment market volume share, by product & application, 2015 (Kilo Tons)
FIG. 2 Pearlescent pigment- industry snapshot
FIG. 3 India pearlescent pigment market segmentation
FIG. 4 India pearlescent pigment market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million)
FIG. 5 Pearlescent pigment market value chain analysis
FIG. 6 Pearlescent pigment market dynamics
FIG. 7 Plastics consumption per capita, 2005 & 2015 (Kg per capita)
FIG. 8 India construction spending by sector, 2007- 2015 (USD Billion)
FIG. 9 China, India, Mexico & Brazil per capita income, 2011 - 2016 (USD/per capita)
FIG. 10 Key opportunities prioritized
FIG. 11 India pearlescent pigment - Porter’s analysis
FIG. 12 India pearlescent pigment market PESTEL analysis
FIG. 13 India pearlescent pigment market volume share by product, 2015 & 2024
FIG. 14 India pearlescent pigment market share by application, 2015 & 2024
FIG. 1 Pearlescent pigment market volume share, by product & application, 2015 (Kilo Tons)
FIG. 2 Pearlescent pigment- industry snapshot
FIG. 3 India pearlescent pigment market segmentation
FIG. 4 India pearlescent pigment market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million)
FIG. 5 Pearlescent pigment market value chain analysis
FIG. 6 Pearlescent pigment market dynamics
FIG. 7 Plastics consumption per capita, 2005 & 2015 (Kg per capita)
FIG. 8 India construction spending by sector, 2007- 2015 (USD Billion)
FIG. 9 China, India, Mexico & Brazil per capita income, 2011 - 2016 (USD/per capita)
FIG. 10 Key opportunities prioritized
FIG. 11 India pearlescent pigment - Porter’s analysis
FIG. 12 India pearlescent pigment market PESTEL analysis
FIG. 13 India pearlescent pigment market volume share by product, 2015 & 2024
FIG. 14 India pearlescent pigment market share by application, 2015 & 2024
