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Ferric oxide mica is the fastest-growing segment.
January 3, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
According to a new report published by Allied Market Research, titled, “Pearlescent Pigment Market,” the pearlescent pigment market was valued at $1.2 billion in 2021, and is estimated to reach $2.2 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031. Pearlescent pigment is used to create shiny and pearly appearance, which is made up of a substrate that is covered with an interference film. The ultimate color and brightness of the pearlescent pigment is determined by the thickness and refractive index of the interference film. These are commonly used to generate a wide spectrum of colors in ornamental paints and varnishes. Popular hues made with these pigments include white, silver, blue, green, pink, and red. Pearlescent pigment is also be used to create a range of interesting effects in clear coats. It offers printing inks an iridescent appearance, making colors brighter and more sparkly. It may be used in printing inks to provide a wide spectrum of metallic-shaded coolers. It can be used to provide unique effects such as pearlescent or shimmering finishes and increase the opacity and concealment of printing inks. The growth of the global pearlescent pigment market is attributable to its wide applications in various industries such as paints & coatings, plastics, printing ink, cosmetics & personal care, and others. Moreover, increase in demand for pearlescent pigment from cosmetics and personal care industry is expected to boost pearlescent pigment market growth during the forecast period. The pearlescent pigment market is segmented into type, application, and region. On the basis of type, the market is classified into natural pearl essence, titanium dioxide, mica ferric, oxide mica, and others. Ferric oxide mica is the fastest-growing segment. Ferric oxide mica is also known as micaceous iron oxide (Fe2O3) which is a naturally occurring iron oxide with a lamellar structure comparable to mica, a black color, and a high barrier property in diverse conditions. Ferric oxide (Fe2O3) mica is used as a pearlescent pigment and UV-blocking agent in paints & coatings, inks, plastics, rubber goods, and glass.
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