Special Effect Pigments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Pigment Type (Metallic, Pearlescent, and Other Pigment Types), Application (Paints and Coatings, Cosmetics, Plastics, Printing Inks, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Market Summary - Special Effect Pigments Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %

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Market Overview

The market for special effect pigments is expected to grow at a CAGR of about 4% globally during the forecast period. Increasing applications in cosmetics, paints and coatings, and growing demand due to its wide range of applications drive market growth. On the flip side, stringent environmental regulations are expected to hinder the growth of the market.

  • Special effect pigments market is expected to grow during the forecast period owing to the increasing application in paints and coatings.
  • Asia-Pacific region dominated the market across the globe with the largest consumption from countries such as China, India, and Japan.

Scope of the Report

The special effect pigments market report includes:

Pigment Type
Metallic
Pearlescent
Other Pigment Types
Applications
Paints and Coatings
Cosmetics
Plastics
Printing Inks
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Application in Paints and Coatings

  • Special effect pigments provide unusual optical effects for various applications, amongst which paints and coatings lead in the application. They are used to enhance appearance, brightness, and obtain metallic effects, such as gold, silver, chrome, and others.
  • The increasing buildings and construction sector is attributing to the growing application of special effect pigments in paints and coatings.
  • In addition to the paints and coatings optimized for the construction industry, processors also add these special effect pigments to enhance the properties of paints and improve its appearance.
  • It is estimated that in the United Kingdom around 27,000 – 50,000 new homes are to be built by 2022 which in turn increases the scope for this market
  • Growing demand for paints and coatings from the industrial segment for protection is also increasing the application of special effect pigments.
  • Hence, owing to the growing application of paints and coatings in buildings and construction, industrial sector, especially in Asia-Pacific and North American countries, the demand for special effect pigments is expected to increase over the forecast period.
Special Effect Pigments Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for special effect pigments during the forecast period. Due to the high demand from countries like China, India, and Japan, the market for special effect pigments has increased.
  • The largest producers of special effect pigments are located in the Asia-Pacific region. Some of the leading companies in the production of special effect pigments are BASF Colors & Effects GmbH, Merck KGaA, Silberline Manufacturing Co., Inc, Sun Chemical, and Shepherd Color.
  • In 2018, the Indian government announced an investment worth USD 31,650 billion for the construction of 100 cities, under the smart cities plan. 100 smart cities and 500 cities are likely to invite investments worth INR 2 trillion (~USD 28.18 billion) over the coming five years.
  • The Chinese government has rolled out massive construction plans, including making provisions for the movement of 250 million people to its new megacities over the next ten years, creating a major scope for construction activity, thereby increasing the market for special effect pigments over the coming years.
  • Apart from paints and coatings, these special effect pigments have diversified applications in cosmetics, printing inks, plastics, and others
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for special effect pigments during the forecast period.
Special Effect Pigments Market Regional Trends

Competitive Landscape

The global special effect pigments market is fragmented, with players accounting for a marginal share of the market. Few companies include iSuo Chem, Silberline Manufacturing Co., Inc, BASF Colors & Effects GmbH, Sun Chemical, and Merck KGaA.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Application in Cosmetics, Paints & Coatings

      2. 4.1.2 Growing Demand Owing to its Wide Range of Applications

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Pigment Type

      1. 5.1.1 Metallic

      2. 5.1.2 Pearlescent

      3. 5.1.3 Other Pigment Types

    2. 5.2 Applications

      1. 5.2.1 Paints and Coatings

      2. 5.2.2 Cosmetics

      3. 5.2.3 Plastics

      4. 5.2.4 Printing Inks

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF Colors & Effects GmbH

      2. 6.4.2 ECKART (Altana)

      3. 6.4.3 GEOTECH

      4. 6.4.4 iSuo Chem

      5. 6.4.5 kobo

      6. 6.4.6 Merck KGaA

      7. 6.4.7 Shepherd Color

      8. 6.4.8 SILBERLINE MANUFACTURING CO., INC

      9. 6.4.9 STEER Engineering Pvt Ltd

      10. 6.4.10 Sun Chemical

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of More Durable and Bio-Based Pigments

**Subject to Availability

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Frequently Asked Questions

The Special Effect Pigments Market market is studied from 2016 - 2026.

The Special Effect Pigments Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

iSuo Chem , SILBERLINE MANUFACTURING CO., INC, BASF Colors & Effects GmbH , Sun Chemical , Merck KGaA are the major companies operating in Special Effect Pigments Market.

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