my country’s pearlescent pigment market has grown steadily, and leading companies have emerged

Pearlescent pigment is one of the subdivisions of pigments. It is an optical effect pigment formed by wrapping mica flakes in one or more layers with thin layers of various metal oxides. After light is refracted by pearlescent powder, different colors can be produced. By adjusting the base material and metal oxide of pearlescent pigment, different visual effects can be achieved. After years of development, the types of pearlescent pigments have become increasingly abundant. According to different base materials, pearlescent pigments can be roughly divided into glass-based, alumina-based, natural mica-based, silica-based, synthetic mica-based, etc.; according to different product forms, pearlescent pigments can be roughly divided into pearlescent powder, pearlescent slurry, etc.; According to different uses, pearlescent pigments can be roughly divided into industrial grade, automotive grade, cosmetic grade, etc.

From the upstream of the industrial chain, mica materials have become the main raw materials for pearlescent pigments. As a basic material, mica material is mostly used to produce insulation materials, refractory materials and other products, and is widely used in electrical, high-temperature smelting and other fields. In 2022, my country’s mica reserves are 3877.62 tons. Since my country’s mica resource reserves are not high, it is difficult to meet domestic market demand, and a large amount of imports from abroad are still needed to fill the gap.

As a safe, non-toxic, green and environmentally friendly material, pearlescent pigments are mainly used in ink, printing, plastics, rubber, coatings, cosmetics, agriculture, leather, automobiles and other fields. Among them, coatings have become the largest application field of pearlescent pigments, accounting for 39.18%; followed by the plastic field, accounting for 16.14%; cosmetics ranked third, accounting for 13.38%.

In the field of coatings, pearlescent pigments can not only improve the coating’s coverage, but also enhance the chemical stability, weather resistance, durability and other properties of the coating, thereby extending the service life of the object and protecting the surface of the object. In the field of plastics, pearlescent pigments can make plastic products more beautiful and improve the wear resistance of plastic products. In addition, pearlescent pigments can also be used as cosmetic raw materials, which can improve the decorative properties of cosmetics and improve the comfort of cosmetics. Overall, my country’s pearlescent pigments have a broad consumer market.

According to the “China Pearlescent Pigments Market Analysis and Development Prospects Research Report 2023-2027” released by the Industrial Research Center, in the downstream market Driven by demand, my country’s pearlescent pigment market has grown steadily. From 2016 to 2022, my country’s pearlescent pigment market size has increased from 2.048 billion yuan to 7.001 billion yuan, with an average annual compound growth rate of 22.74%.

Industry analysts said that my country’s pearlescent pigment market is highly concentrated, and leading companies have emerged. The largest pearlescent pigment companies in my country mainly include Global New Materials, Kuncai Technology, Ouke New Materials, Seven Color Pearlescent, etc. Among them, Kuncai Technology and Global New Materials have a large market share and have become leading companies in the industry. In recent years, my country’s pearlescent pigment companies have developed rapidly, and the gap between production technology and international advanced companies has gradually narrowed, and their share in the global market is expected to increase.