Iridescence, also referred to as goniochromism, is the phenomenon in which the color of a substance or surface of the film gradually changes color as the angle of illumination or angle of view changes. Examples of iridescence include soap bubbles, butterfly wings, sea shells, as well as certain minerals. It occurs when microstructures interfere with light structural coloration. Iridescent pigments are employed in a variety of the applications such as paints &coatings, automotive, cosmetics, textile, personal care, inks, and playing surface of compact discs. Iridescent pigments find wide application due to their luster.

In terms of chemical composition, iridescent pigments can be segmented into three groups: iridescent mediums all interference colors, iridescent pearl, and silver. These colors are derived from mica platelets that are coated with a thin layer of titanium dioxide. Refraction and reflection takes place on this layer of titanium dioxide to produce various colors and iridescent effects. Iridescent gold, copper, and copper light make up the second group. These colors are derived from mica platelets, but an iron oxide coating is present either in place of, or in combination with, a titanium dioxide coating. The iron oxide coating results in pigments, which possess hues as well as pearlescent qualities. A third group consists of colors derived from highly reflective metallic pigments. This includes stainless steel (coarse & fine), as well as, micaceous iron oxide. The pigments in the first two groups are non-metallic and composed of very thin, highly reflective and transparent platelet-shaped. Pigments can be easily oriented into parallel layers within the transparent medium due to the plate-like shape. When viewed, a portion of the incident light will be reflected by the uppermost layer of pigments, while the remainder of the light will be transmitted and subsequently reflected by lower layers. It is this multiple reflection of light from many microscopic layers that produces the observed shimmering luster or iridescence effect.

Increased consumption of paints and coatings is the main driver of the iridescent pigments market. The paints & coating industry is an emerging industry, which includes the decoration and the protection of infrastructure. Regions such as India, China, and GCC are major consumers of paints, hence, the market of pigments is likely to expand in these regions. Plastics industry is one of the major consumer and therefore a driver of iridescent pigments. Pigments are employed as coloring substances in plastics. Besides acting as colorant, pigments provide stability. Additionally, the textile and cosmetic industries are also propelling the iridescent pigment market. Change in lifestyle, pattern, color of textiles and cosmetics are giving a platform to the iridescent pigment industry.

A major restraint for the iridescent pigments market is the implementation of the various government regulations. The production of the iridescent pigments releases a large amount of the pollutants, which degrade the environment.

The global iridescent pigments market can be segmented on the basis of the application and the geography. In terms of application, the global iridescent pigments market can be segment into paper, paints and coats, plastics, construction, leather, and printing inks. The textile industry of the iridescent pigments market is anticipated to expand during the forecast period. In terms of geography, the iridescent pigments market can be segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is a prominent market for iridescent pigments. Rising population is a key factor driving the demand for iridescent pigments in the region. The Latin America iridescent pigments market is projected to expand due to the rapid expansion of the textile industry in the region. Countries such as the U.S., Germany, Italy, the U.K., France, Spain, China, India, Brazil, and South Africa are the major countries of iridescent pigment market.

Key players operating in the iridescent market include Aron Universal Ltd, FX Pigments Pvt. Ltd., and BASF.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Iridescent Pigments Market

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