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Optical Variable Pigments Market By Type (Red/Green, Golden/Silver, Yellow/Blue, Red/Golden, Others) By Application (Coatings, Plastic, Others) – Growth, Future Prospects & Competitive Analysis, 2016 – 2028

Summary
Table Of Content

Key Highlights of the report

How are the major segments performing in the Optical Variable Pigments Market?

The golden/silver type segment led the global market in 2021 and is expected to continue over the projection period. Golden/silver is an optically variable pigment that produces colors ranging from copper to silver. These pigments are typically used in industrial applications like printing and packaging rather than paint or ink.
In 2021, the coatings application segment held the largest market revenue share. Optical variable pigments are becoming more popular in coatings due to their ability to produce a very high color intensity. This is mainly due to these pigments in decorative paint, which also require strong colors and gloss levels that can endure wear and tear over time.

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Which region dominated the optically variable pigments market?

In 2021, the North American region was anticipated to hold a prominent global optical variable pigments market share. Higher application in many industries, such as printing ink & coatings, growing demand from multiple end-users for more appealing products with increased color intensity, glossy finish, or other features that can endure wear and tear over time, and a wide spectrum of colors are the factors driving regional expansion in this market. Pigments are widely used in this region to create paintings and add color. Additionally, environmentally friendly variable pigments will likely gain popularity, given the consumer industries’ growing interest in the region.

How is US Market Performing in the Optical Variable Pigments Market?

North American demand dominates the optically variable pigments market. The U.S. holds more than 80% market share in North America’s optical variable pigments. A large number of players, end-user purchasing power parity, and end-user awareness of the benefits of optically variable pigments are primarily driving demand in the United States. The market is driven mainly by the country’s expanding construction sector and rising demand for environmentally friendly and sustainable variable pigments. The demand for optical variable pigments in the United States is also increasing significantly due to constantly changing demands for developing technologies.

What is the competitive environment of the optically variable pigments market?

The market for optical variable pigments is highly fragmented, and numerous players are concentrating on in-depth research and development to create and market innovative products for various applications. Key players also concentrate on technological advancements, business expansion through mergers and acquisitions, corporate restructuring & investments, and capacity expansion to have a significant global presence and increase their optical variable pigments market share. For instance, DCL acquired Sun Chemical’s manufacturing plant in Goose Creek, South Carolina, USA, in July 2021. It would provide families of specialty pigments with the best performance, particularly high chromaticity, durability, heat stability, and accountability in the most demanding applications, such as the automotive, paints and coatings, and designed plastics markets.

REPORT ATTRIBUTE	DETAILS
Optical Variable Pigments Market by Volume	Yes
Market by Value	Yes
Market, Tornado Analysis	Yes
Market, STAR Analysis	Yes
Market, SRC Analysis	Yes
Market, Import-Export Data	Yes (On Demand)
Market Pricing Analysis	Yes (On Demand)
Market Segment Analysis	By Type (Red/Green, Golden/Silver, Yellow/Blue, Red/Golden, and Others) By Application (Coatings, Plastic, and Others)
Market, Regional Analysis	North America (US and Canada) Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe) Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific) Latin America (Brazil, Mexico, and the Rest of Latin America) Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)
Market Key Companies	Viavi Solutions, SMAROL, Huizhou Foryou Optical Technology Co. Ltd, and Dimacolor Industry Group Co. Ltd
Market Competitive Landscape	Market Share Analysis Competitive Benchmarking Key Players Market Positioning Geographical Presence Analysis Major Strategies Adopted

Executive Summary

What are the key trends in the Optical Variable Pigments Market?

Growing demand for specialty pigments: Metallic tones & other special effects, like color-shifting, are provided by specialty pigments, which are becoming increasingly popular in consumer goods. Increased consumer spending power and a preference for high-end products with appealing packaging will drive demand for the specialty variable pigment market.
Emerging demand for high-performance pigments: Optical variable pigments facilitate manufacturers to create unique and appealing packaging that attracts consumer attention and differentiates manufacturers’ products when competing for shelf space in retail establishments. Moreover, current advancements may become obsolete as consumer preferences for high-end product lines change, necessitating improved high-end products.

What are all the technical developments in the global optical variable pigments market?

Technological advancements in the plastics industrial sector have increased optical variable pigments, propelling the global market forward. A technological breakthrough in the development of nanostructured materials has created new opportunities for advancement in various industries. Nanotechnology is widely used in the optically variable pigment industry. A major industry trend is the increased use of nanotechnology in producing optical variable pigments to improve mechanical and optical properties. Nanotechnology’s use in producing these pigments improves their tribological coating and mechanical and optical properties.

Which are the key investments by the optically variable pigments market players?

Major players in the optically variable pigments market are investing in R&D and working to develop environmentally friendly pigments. Viavi Solutions, Epsilon Carbon, and SMAROL are among the major players who have invested in and assimilated their operations. They are involved in every value chain stage for variable pigments, from manufacturing to distribution to final use. For instance, Epsilon Carbon, a producer of carbon black utilized in black variable pigments, announced plans in September 2022 to invest USD 61 million to enhance the capacity of its plant in Karnataka, India, to 100,000 tonnes.

Viavi Solutions, SMAROL, Huizhou Foryou Optical Technology Co. Ltd, and Dimacolor Industry Group Co. Ltd are major optically variable pigments market players.

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What are the Major Driving Factors for the Optical Variable Pigments Market?

The demand for these products is driven by the rising demand for eco-friendly packaging applications with high color intensity and the capacity to mix multiple colors using a single base pigment. These pigments in ink formulations for gravure, flexo, screen printing, and digital printing are expanding, driving demand for these products globally. It is also anticipated that factors like a rise in end-user industries, a rise in the demand for high-performance pigments (HPP), and a rise in consumer preference for environmentally friendly products will further fuel the growth of the global optical variable pigments market.

What are the Major Risks for the Optical Variable Pigments Market?

Optically variable pigments are significantly more expensive, which restricts the growth of the global market. Aside from these issues, obtaining raw materials can be difficult, and their availability and cost constantly change.

Which is the key application in the optically variable pigments market?

The coatings application segment will account for a significant revenue share of the global optical variable pigments market over the projection period. Optical variable pigments are becoming more popular in coatings and ink applications as they can impart color-changing properties that are extremely useful in anticounterfeit packaging. Optical variable pigments are becoming increasingly popular in coatings due to their ability to achieve extremely high color intensity. This is primarily due to pigments in decorative paint, which require long-lasting colors and gloss levels that can withstand wear and tear over time. Additionally, there is an increase in the use of variable visual pigments in applications that require security, the trade market, inks for bank notes, etc.

How is the optically variable pigments market performing in regions?

Furthermore, Asia Pacific is expected to have the highest revenue share in the global optical variable pigments market during the projection period. China and India, in particular, are expected to be the major producers, and regulatory compliance will continue to be a key factor influencing market growth, particularly in the production of lead chromate and volatile organic compounds (VOCs). The highly regulated optical variable pigments market relies heavily on Chinese markets for intermediaries and finished goods. Decorative coatings are expected to generate significant profits in this regional market.

What is the regulatory landscape for the optically variable pigments market?

Optical variable pigments are widely used in printing ink applications due to regulations and acts such as the Code of Federal Regulations (CFR), FFDCA, and Generally Recognized as Safe (GRAS). Various laws govern the ingredients used to make products and the labeling and packaging.

What is the Market Size of Optical Variable Pigments regarding value?

The global optical variable pigments market is anticipated to grow at a substantial CAGR of 9.1% in the upcoming years. The global optical variable pigments industry was estimated to be worth USD 2.1 billion in 2021 and was expected to be worth USD 3.54 billion by 2028.

What are the major players planning for the future of the optically variable pigments market?

Increased vehicle manufacturing and increased demand for industrial paints and coatings are projected to contribute to the growth of the optically variable pigments market in the coming years. Major market participants invest heavily in R&D for high-quality, environmentally friendly products. They are expanding their operations to remain competitive by producing specialty variable pigments made from organic and bio-based materials. For instance, Venator Materials PLC emerged as the first manufacturer & supplier of a premium TiO2 variable pigments grade for the delustering (sheen reduction) of synthetic fibers such as viscose, polyester, and acrylic in September 2022.

Segmentation of Global Optical Variable Pigments Market –

Global Optical Variable Pigments Market – By Type

Red/Green
Golden/Silver
Yellow/Blue
Red/Golden
Others

Global Optical Variable Pigments Market – By Application

Coatings
Plastic
Others

Global Optical Variable Pigments Market – By Region

North America
- US.
- Canada
Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Optical Variable Pigments Market
2.2. Global Optical Variable Pigments Market, By Type
2.3. Global Optical Variable Pigments Market, By Application
2.4. Global Optical Variable Pigments Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Optical Variable Pigments Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. Type
3.3.2. Application
3.3.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021
5.1. Company Market Share of Key Players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. COVID-19 Impact Analysis
6.1. Global Optical Variable Pigments Market Pre Vs Post COVID-19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply

7. Global Optical Variable Pigments Market
7.1. Global Optical Variable Pigments Market, by Type, 2016-2028(US$ Bn)
7.1.1. Overview
7.1.2. Global Optical Variable Pigments Market, By Type, 2021 vs 2028 (in%)
7.1.3. Global Optical Variable Pigments Market, By Red/Green, 2016-2028 (US$ Bn)
7.1.4. Global Optical Variable Pigments Market, By Golden/Silver, 2016-2028 (US$ Bn)
7.1.5. Global Optical Variable Pigments Market, By Yellow/Blue, 2016-2028 (US$ Bn)
7.1.6. Global Optical Variable Pigments Market, By Red/Golden, 2016-2028 (US$ Bn)
7.1.7. Global Optical Variable Pigments Market, By Others, 2016-2028 (US$ Bn)
7.2. Global Optical Variable Pigments Market, by Application, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Global Optical Variable Pigments Market, By Application, 2021 vs 2028 (in%)
7.2.3. Global Optical Variable Pigments Market, By Coatings, 2016-2028 (US$ Bn)
7.2.4. Global Optical Variable Pigments Market, By Plastic, 2016-2028 (US$ Bn)
7.2.5. Global Optical Variable Pigments Market, By Others, 2016-2028 (US$ Bn)

8. North America Optical Variable Pigments Market Analysis
8.1. North America Optical Variable Pigments Market, by Type, 2016-2028(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Optical Variable Pigments Market, by Application, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Optical Variable Pigments Market, by Country, 2016-2028 (US$ Bn)
8.3.1. U.S.
8.3.1.1. U.S. Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.3.1.2. U.S. Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
8.3.1.3. U.S. Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
8.3.2. Canada
8.3.2.1. Canada Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.3.2.2. Canada Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
8.3.2.3. Canada Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)

9. Europe Optical Variable Pigments Market Analysis
9.1. Europe Optical Variable Pigments Market, by Type, 2016-2028(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Optical Variable Pigments Market, by Application, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Optical Variable Pigments Market, by Country, 2016-2028 (US$ Bn)
9.3.1. Germany
9.3.1.1. Germany Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.1.2. Germany Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
9.3.1.3. Germany Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
9.3.2. France
9.3.2.1. France Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.2.2. France Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
9.3.2.3. France Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
9.3.3. UK
9.3.3.1. UK Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.3.2. UK Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
9.3.3.3. UK Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
9.3.4. Italy
9.3.4.1. Italy Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.4.2. Italy Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
9.3.4.3. Italy Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
9.3.5. Spain
9.3.5.1. Spain Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.5.2. Spain Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
9.3.5.3. Spain Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
9.3.6. Rest of Europe
9.3.6.1. Rest of Europe Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.6.2. Rest of Europe Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
9.3.6.3. Rest of Europe Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)

10. Asia Pacific Optical Variable Pigments Market Analysis
10.1. Asia Pacific Optical Variable Pigments Market, by Type, 2016-2028(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Optical Variable Pigments Market, by Application, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Optical Variable Pigments Market, by Country, 2016-2028 (US$ Bn)
10.3.1. China
10.3.1.1. China Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.1.2. China Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
10.3.1.3. China Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
10.3.2. Japan
10.3.2.1. Japan Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.2.2. Japan Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
10.3.2.3. Japan Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
10.3.3. India
10.3.3.1. India Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.3.2. India Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
10.3.3.3. India Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
10.3.4. South Korea
10.3.4.1. South Korea Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.4.2. South Korea Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
10.3.4.3. South Korea Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
10.3.5. South-East Asia
10.3.5.1. South-East Asia Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.5.2. South-East Asia Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
10.3.5.3. South-East Asia Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
10.3.6. Rest of Asia Pacific
10.3.6.1. Rest of Asia Pacific Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.6.2. Rest of Asia Pacific Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
10.3.6.3. Rest of Asia Pacific Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)

11. Latin America Optical Variable Pigments Market Analysis
11.1. Latin America Optical Variable Pigments Market, by Type, 2016-2028(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Optical Variable Pigments Market, by Application, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Optical Variable Pigments Market, by Country, 2016-2028 (US$ Bn)
11.3.1. Brazil
11.3.1.1. Brazil Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.1.2. Brazil Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
11.3.1.3. Brazil Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
11.3.2. Mexico
11.3.2.1. Mexico Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.2.2. Mexico Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
11.3.2.3. Mexico Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
11.3.3. Rest of Latin America
11.3.3.1. Rest of Latin America Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.3.2. Rest of Latin America Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
11.3.3.3. Rest of Latin America Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)

12. Middle East and Africa Optical Variable Pigments Market Analysis
12.1. Middle East and Africa Optical Variable Pigments Market, by Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Optical Variable Pigments Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Optical Variable Pigments Market, by Country, 2016-2028 (US$ Bn)
12.3.1. GCC Countries
12.3.1.1. GCC Countries Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.1.2. GCC Countries Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
12.3.1.3. GCC Countries Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
12.3.2. South Africa
12.3.2.1. South Africa Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.2.2. South Africa Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
12.3.2.3. South Africa Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)
12.3.3. Rest of Middle East and Africa
12.3.3.1. Rest of Middle East and Africa Optical Variable Pigments Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.3.2. Rest of Middle East and Africa Optical Variable Pigments, By Type, 2016-2028 (US$ Bn)
12.3.3.3. Rest of Middle East and Africa Optical Variable Pigments, By Application, 2016-2028 (US$ Bn)

13. Company Profiles
13.1. Viavi Solutions
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. SMAROL
13.3. Huizhou Foryou Optical Technology Co. Ltd
13.4. Dimacolor Industry Group Co. Ltd

List of Figures

FIG. 1 Global Optical Variable Pigments Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Optical Variable Pigments Market Segmentation
FIG. 4 Global Optical Variable Pigments Market, by Type, 2021 (US$ Bn)
FIG. 5 Global Optical Variable Pigments Market, by Application, 2021 (US$ Bn)
FIG. 6 Global Optical Variable Pigments Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Type, 2021
FIG. 8 Attractive Investment Proposition, by Application, 2021
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Share Analysis of Key Optical Variable Pigments Market Manufacturers, 2021
FIG. 11 Global Market Positioning of Key Optical Variable Pigments Market Manufacturers, 2021
FIG. 12 Global Optical Variable Pigments Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 13 Global Optical Variable Pigments Market, by Red/Green, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Optical Variable Pigments Market, by Golden/Silver, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Optical Variable Pigments Market, by Yellow/Blue, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Optical Variable Pigments Market, by Red/Golden, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Optical Variable Pigments Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Optical Variable Pigments Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 19 Global Optical Variable Pigments Market, by Coatings, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Optical Variable Pigments Market, by Plastic, Value, 2016-2028 (US$ Bn)
FIG. 21 Global Optical Variable Pigments Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 22 U.S. Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 23 Canada Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 24 Germany Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 25 France Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 26 U.K. Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 27 Italy Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 28 Spain Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 29 Rest of Europe Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 30 China Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 31 Japan Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 32 India Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 33 South Korea Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 34 Southeast Asia Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 35 Rest of Asia Pacific Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 36 Latin America Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 37 Brazil Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 38 Mexico Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 39 Rest of Latin America Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 40 Middle East & Africa Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 41 GCC Countries Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 42 South Africa Optical Variable Pigments Market, 2016-2028 (US$ Bn)
FIG. 43 Rest of Middle East and Africa Optical Variable Pigments Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Optical Variable Pigments Market
TABLE 2 Global Optical Variable Pigments Market, by Competitive Benchmarking, 2021
TABLE 3 Global Optical Variable Pigments Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Optical Variable Pigments Market, by Key Strategies Analysis, 2021
TABLE 5 Global Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 6 Global Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 Global Optical Variable Pigments Market, by Geography, 2016-2028 (US$ Bn)
TABLE 8 North America Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 9 North America Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 10 North America Optical Variable Pigments Market, by Country, 2016-2028 (US$ Bn)
TABLE 11 US Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 12 US Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 13 Canada Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 14 Canada Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 15 Europe Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 16 Europe Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 17 Europe Optical Variable Pigments Market, by Country, 2016-2028 (US$ Bn)
TABLE 18 Germany Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 19 Germany Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 20 France Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 21 France Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 22 UK Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 23 UK Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 24 Italy Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 25 Italy Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 26 Spain Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 27 Spain Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 28 Rest of Europe Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 29 Rest of Europe Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 30 Asia Pacific Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 31 Asia Pacific Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 32 Asia Pacific Optical Variable Pigments Market, by Country, 2016-2028 (US$ Bn)
TABLE 33 China Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 34 China Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 35 Japan Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 36 Japan Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 37 India Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 38 India Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 39 South Korea Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 40 South Korea Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 41 South East Asia Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 42 South East Asia Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 43 Rest of Asia Pacific Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 44 Rest of Asia Pacific Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 45 Latin America Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 46 Latin America Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 47 Latin America Optical Variable Pigments Market, by Country, 2016-2028 (US$ Bn)
TABLE 48 Brazil Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 49 Brazil Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 50 Mexico Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 51 Mexico Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 52 Rest of Latin America Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 53 Rest of Latin America Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 54 Middle East and Africa Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 55 Middle East and Africa Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 56 Middle East and Africa Optical Variable Pigments Market, by Country, 2016-2028 (US$ Bn)
TABLE 57 GCC Countries Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 58 GCC Countries Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 59 South Africa Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 60 South Africa Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)
TABLE 61 Rest of Middle East and Africa Optical Variable Pigments Market, by Type, 2016-2028 (US$ Bn)
TABLE 62 Rest of Middle East and Africa Optical Variable Pigments Market, by Application, 2016-2028 (US$ Bn)

Frequently Asked Questions:

How does COVID-19 Impact the global optical variable pigments market?

The global optical variable pigments market was also hit by the COVID-19 pandemic, which resulted in a 4.6% decrease in revenue in 2020.

Which is the leading region of the market for optical variable pigments?

North America accounted for the most heightened share in the global optical variable pigments market.

What are the key drivers for the growth of the optically variable pigments market?

The demand for eco-friendly packaging with vibrant colors and the ability to blend multiple hues using a single base pigment is fueling the market for these optical variable pigments.

Which is the major segment in the optically variable pigments market by type?

The golden/silver segment had a major global market revenue share in 2021.

Which is the major segment in the optically variable pigments market by application?

The coatings segment had a major revenue share in the global market in 2020.

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