What Are the Key Opportunities Triggering Growth in the Special Effect Pigments Industry?
The industry is experiencing transformational growth due to rising consolidation and the growing emphasis on sustainability
Overview
Special effect pigments are characterized by their ability to impart special effects to end products due to their unique ability to reflect light, resulting in a peculiar luster or metallic effect. Metallic and pearlescent pigments are the 2 key types of effect pigments. Unlike organic or inorganic pigments where color is the result of absorption or scattering of light, hues in special effect pigments are a result of reflection or interference of light waves. While these pigments are primarily used for decorative purposes, their increasing functionality, in the form of ultraviolet (UV) protection, corrosion resistance, barrier resistance, and thermal durability, among others, will further drive demand across applications.
- How will the rising vehicle production, the increasing penetration of electric vehicles (EVs), and the growing consumer preference for large vehicles increase the demand for visually appealing automotive coatings and fuel the growth of special effect pigments?
- Which growth prospects will drive the demand for special effect pigments suitable for water-borne systems?
- How does the increasing demand for special effect pigments in architectural coatings, industrial coatings, and coatings for consumer electronics and consumer goods, create new growth opportunities for suppliers?
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