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(CityRegions.Com, June 14, 2017 ) The special effect pigments market has witnessed high growth in recent years, and this growth is projected to persist in the coming years as well. Special effect pigments are used in a wide range of applications such as paints & coatings, plastics, printing inks, cosmetics, and others, as these impart properties such as enhanced appearance, excellent glitter, shimmer, shine, and luster to products.
Metallic pigments: The largest type segment in the special effect pigments market
There are various types of special effect pigments such as metallic pigments and pearlescent pigments. Among these, metallic pigments are estimated to have accounted for the largest market share from 2015 to 2017. Metallic pigments are used in applications such as paints & coatings, plastics, printing inks, and cosmetics to enhance appearance, brightness, and obtain metallic effects such as gold, silver, and chrome, among others. Metallic pigments have found widespread applications in the paints & coatings and printing ink applications.
Paints & coatings: The largest application in the special effect pigments market
Special effect pigments are used in various applications such as paints & coatings, plastics, printing inks, and cosmetics. The paints & coatings application is estimated to have accounted for the largest market share during the forecast period. It is projected to grow at high rate from 2017 to 2022, in terms of value and volume among all the industries considered.
Asia-Pacific: The fastest-growing market for special effect pigments
The Asia-Pacific region is the fastest-growing market for special effect pigments. Factors driving the special effect pigments market in the Asia-Pacific region are:
* Increased demand for differentiation and appearance in various applications
* Rapid growth in paints & coatings, and plastics industries owing to increasing urbanization
Key players in the special effect pigments market are BASF SE (Germany), Clariant AG (Switzerland), Huntsman Corporation (U.S.), Altana AG (Germany), Merck KGaA (Germany), and Sudarshan Chemical Industries (India).
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