Specialty pigments are a class of color additives that are used for enhancing product value and product performance in their application segments. The metallic and special color-shifting effect of specialty pigments has made them popular among consumers. They are primarily used for high-end products and attractive packaging. The application areas of specialty pigments include paints and coatings, plastics, printing inks, cosmetics, and toiletries.
The specialty pigment market is showing a promising growth due to its high performance as well as eco-friendly characteristics. Paints and coatings is the major application of specialty pigments followed by printing inks, plastics, and others. Based on the product type, specialty pigments can be segmented into metallic, luminescent, pearlescent, and transparent and other such categories. Metallic and pearlescent types of specialty pigments are the most widely used ones in the application industry. The prices of specialty pigments vary from USD 3 per kilogram to USD 3,000 per kilogram based on their spectrum. The largest consuming region is North America followed by Europe and Asia-Pacific.
The demand for specialty pigments is expected to increase because of the attractive and eye catching product packaging and labeling being used in the decorative cosmetic manufacturing industry and its players. The specialty pigment industry is enjoying high profit margins and low competition due to entry barriers such as patents. The rise in the consumption for metallic pigments from the automotive industry is expected to drive the demand for these pigments.
Product development in applications and formulation of specialty pigments is expected to increase the range of products and expand the pigment market by creating new opportunities. A trend towards the use of high performance specialty pigments to make the product look unique and attractive is also a major factor that is anticipated to fuel the growth of the market.
Some of the factors holding back the growth of the specialty pigments market include regulatory restrictions on the use of specialty pigments, high cost, compatibility, and handling issues.
The key participants in the market include Day-Glo, Dominion Colour, Ferro Corporation, Flex Products, Flint Group, Sun Chemical, Ciba Specialty Chemicals Inc., Clariant International AG, BASF, ECKART, Merck, DIC Global, Inc., Dainichiseika Color & Chemicals Mfg. Co. Ltd., Toyo Ink Mfg. Co. Ltd., Nemoto & Co. Ltd.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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