Market Overview:
The global optical variable pigments market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for these pigments from various applications, such as inks, coatings, plastics, and others. In terms of type, the red/green segment is expected to hold the largest share of the global optical variable pigments market during the forecast period. This can be attributed to their growing demand from various applications such as inks and coatings.
Product Definition:
Optical Variable Pigments (OVPs) are particles that change color in different light conditions. They are used to create security features on documents and products, as the color of the particles changes depending on the angle at which they are viewed. This makes it difficult for counterfeiters to replicate products with OVPs embedded in them.
Red/Green:
Red/green optical variable pigments are a type of smart pigment that can change color when exposed to specific wavelengths of light. They have applications in various industries such as printing inks, cosmetics, textiles and packaging among others. The growing demand for eco-friendly products coupled with the increasing application scope is expected to drive the market growth over the forecast period.
Golden/Silver:
The optical variable pigments are the inorganic compounds that can be altered or changed from solid to liquid and vice versa by the application of heat. The most common form of optical variable pigment is silver/gold, which has a high refractive index compared to its counterpart.
Application Insights:
Inks application segment led the global optical variable pigments market and accounted for more than 45.0% share of the overall revenue in 2017. The growth of this segment is attributed to rising applications in various printing ink formulations such as dye-based, pigment-based, and water-based inks. In addition, growing demand for high resolution images coupled with advanced color reproduction properties is expected to drive product demand over the forecast period.
The coatings application segment was valued at USD 281 million in 2017 owing to increasing utilization of these products as additives that improve glossiness, brightness and other aesthetic properties of a paint film or a coating layer applied on industrial surfaces such as metal foils/trims/lids & car bodies (PV coated), glass (PV protected), plastic (PV cured) & paper among others.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to increasing demand for optical variable pigments from various application industries in the U.S., Canada, and Mexico on account of rising consumerism and disposable income levels coupled with growing adoption of advanced technologies such as 3D printing and digital manufacturing.
The Asia Pacific regional market is anticipated to grow at a significant rate over the forecast period due to rapid industrialization along with increasing investments by major key players in this region for expanding their business operations due to low production costs as compared to developed regions such as North America.
Growth Factors:
- Increasing demand for high-quality and customized products: The global optical variable pigments market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for high-quality and customized products from various end-use industries, such as automotive, aerospace & defense, textile, and packaging.
- Rising awareness about the benefits of optical variable pigments: The growing awareness about the benefits of using optical variable pigments is another key growth driver for this market. These benefits include superior color quality, improved brightness & contrast levels, and enhanced aesthetics.
- Technological advancements in pigment manufacturing: Optical variable pigments are manufactured through a complex process that involves multiple steps and specialized equipment. This has resulted in significant investments by manufacturers in R&D activities to develop new technologies that can improve the efficiency and quality of these pigments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Variable Pigments Market Research Report
By Type
Red/Green, Golden/Silver, Yellow/Blue, Red/Golden, Green/Salmon Pink, Other
By Application
Inks, Coatings, Plastic, Other
By Companies
Viavi Solutions, SMAROL, Foryou, FYOTEC, Viavi Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Optical Variable Pigments Market Report Segments:
The global Optical Variable Pigments market is segmented on the basis of:
Types
Red/Green, Golden/Silver, Yellow/Blue, Red/Golden, Green/Salmon Pink, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Inks, Coatings, Plastic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Viavi Solutions
- SMAROL
- Foryou
- FYOTEC
- Viavi Solutions
Highlights of The Optical Variable Pigments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Red/Green
- Golden/Silver
- Yellow/Blue
- Red/Golden
- Green/Salmon Pink
- Other
- By Application:
- Inks
- Coatings
- Plastic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Optical Variable Pigments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Optical variable pigments are a type of pigment that can be changed in color by the application of light. This allows for a wide range of colors to be created, which is useful for creating various types of graphics and designs.
Some of the key players operating in the optical variable pigments market are Viavi Solutions, SMAROL, Foryou, FYOTEC, Viavi Solutions.
The optical variable pigments market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical Variable Pigments Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Optical Variable Pigments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Optical Variable Pigments Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Optical Variable Pigments Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Optical Variable Pigments Market Size & Forecast, 2020-2028
4.5.1 Optical Variable Pigments Market Size and Y-o-Y Growth
4.5.2 Optical Variable Pigments Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Red/Green
5.2.2 Golden/Silver
5.2.3 Yellow/Blue
5.2.4 Red/Golden
5.2.5 Green/Salmon Pink
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Inks
6.2.2 Coatings
6.2.3 Plastic
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Variable Pigments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Optical Variable Pigments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Red/Green
9.6.2 Golden/Silver
9.6.3 Yellow/Blue
9.6.4 Red/Golden
9.6.5 Green/Salmon Pink
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Inks
9.10.2 Coatings
9.10.3 Plastic
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Red/Green
10.6.2 Golden/Silver
10.6.3 Yellow/Blue
10.6.4 Red/Golden
10.6.5 Green/Salmon Pink
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Inks
10.10.2 Coatings
10.10.3 Plastic
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Red/Green
11.6.2 Golden/Silver
11.6.3 Yellow/Blue
11.6.4 Red/Golden
11.6.5 Green/Salmon Pink
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Inks
11.10.2 Coatings
11.10.3 Plastic
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Red/Green
12.6.2 Golden/Silver
12.6.3 Yellow/Blue
12.6.4 Red/Golden
12.6.5 Green/Salmon Pink
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Inks
12.10.2 Coatings
12.10.3 Plastic
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Red/Green
13.6.2 Golden/Silver
13.6.3 Yellow/Blue
13.6.4 Red/Golden
13.6.5 Green/Salmon Pink
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Inks
13.10.2 Coatings
13.10.3 Plastic
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Optical Variable Pigments Market: Competitive Dashboard
14.2 Global Optical Variable Pigments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Viavi Solutions
14.3.2 SMAROL
14.3.3 Foryou
14.3.4 FYOTEC
14.3.5 Viavi Solutions
