According to analysts, the latest trend gaining momentum in the category is FDA approval for use in cosmetics and personal care products. It has also approved the use of mica flakes coated with titanium dioxide and other colorants in cosmetic products. The mica-based pearlescent pigments are identified to be free from certain harmful substances like lead, arsenic, and mercury.
According to the pearlescent pigment market report, one of the major drivers for this market is excellent functional properties. Pearlescent pigments are special pigments that belong to the same class as fluorescent and phosphorescent pigments. They are termed as pearl pigments mainly due to their excellent shine and radiance. It is extensively used in automotive sector, paints and coatings applications, construction industry, printing inks, plastics, cosmetics, decorative paints, and architectural coatings applications due to its innate functionalities.
Key players in the global pearlescent pigment market include Altana, BASF, Chesir, Merck, Sudarshan Chemical Industries, and Sun Chemical. Other prominent vendors in the market are Cristal, Kuncai Americas, Nihon Koken Kogyo, Oxen Special Chemicals, and Sinoparst Science and Technology.