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Light Interference Pigments Market Size
Light Interference Pigments Market is anticipated to witness commendable progress over 2024-2032 owing to the increasing product application scope in end-use industries. Moreover, the remarkable surge in single-family construction will further drive the need for interference pigments for varied uses including color roofing.
Light interference pigments Market Trends
Escalating cosmetics sales, especially in the post-pandemic scenario, through the e-commerce channels is fostering the light interference pigments industry trends over 2024-2032. According to the L’Oréal Finance Report of 2022, beauty products sales reached a valuation of 38.26 billion euros, accounting for a 23.4% rise in sales compared to 2019.
Thus, the mounting usage or addition of light interference pearl pigments in eyeshadows and lipsticks is foreseen to foster industry outlook. Furthermore, the introduction of interference mica pigments, including Merck’s Pyrisma, for print, coatings, and plastics applications will also add impetus to the overall industry forecast in the years ahead.
During the Russia-Ukraine crisis, the market witnessed a disruption in supply chain operations, which caused shortages and price increases of raw materials and labor. In addition, trade restrictions in several nations affected by the war hampered the business outlook. However, the burgeoning awareness regarding these substances is slated to augment product uptake and propel overall market dynamics in the upcoming years.
Light Interference Pigments Market Analysis
The inorganic segment is projected to amass substantial gains by 2032 on account of their crystalline structure, high refractive index, and strong interference effects when light passes through them. In addition, inorganic pigments also have superior chemical and thermal stability, which makes them less prone to degradation from exposure to heat and chemicals, emerging as a better option for various applications.
The construction materials segment will emerge as a prominent end-user in the light interference pigments market by 2032 on account of the availability of favorable residential construction policies in developing economies. The growth of home equity, sales, and homebuilding as well as the subsequent increase in remodeling activities will also serve as key factors bolstering the adoption of interference pigments for architectural coatings and other construction applications.
North America light interference pigments industry is likely to amass considerable gains by 2032, favored by the mounting consumption of cosmetic products in major countries including the United States. Research indicates that American women spend nearly USD 313 per month on beauty products, more than USD 225,360 in their lifetime, which is encouraging the business manufacturers to grow exponentially in the upcoming years.
In addition, the presence of key players, along with the rising per capita disposable income, will assert a positive impact on the sales of light interference powder and pigments across the region.
Light Interference Pigments Market Share
The major companies in global light interference pigments industry are:
- Shenzhen Yu Mingjie Pigments Co., Ltd.
- Nihon Koken Kogyo Co., Ltd.
- Teikoku Printing Inks Mfg, Co., Ltd.
- TOYO ALUMINIUM K.K.
- Sun Chemical
- H. Costenoble GmbH & Co. KG
- Merck KGaA
- Viavi Solutions Inc.
- BASF SE
Light Interference Pigments Market News
- In October 2023, Viavi Solutions Inc. unveiled NITRO® Wireless available, offering a range of solutions for various players in the industry such as equipment manufacturers, service providers, semiconductor companies, software developers, and system integrators. These solutions helped accelerate technology development by validating performance at every step in a smart, easy-to-use, and automated manner.