The latest report by IMARC, titled “Metallic Pigments Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the global metallic pigments market size reached US$ 1,003.0 Million in 2022. Metallic pigments refer to finely ground particles made up of numerous metals or alloys that are used to add color and sparkle to various products, such as paints, coatings, plastics, and inks. These pigments are generally made by milling or grinding thin metal sheets into small particles, which are mixed with other materials to produce the final product. Metallic pigments are highly reflective and can create a variety of effects depending on the size and shape of the particles, the angle of viewing, and the color of the underlying material. As a result, they produce a brilliant, lustrous effect and are generally used in architectural coatings, automotive paints, and decorative finishes. In recent years, metallic pigments have gained traction due to the wide product employment in numerous industry verticals, such as cosmetics and personal care, printing inks, plastic, and chemical industries globally.
Global Metallic Pigments Market Trends:
One of the primary factors driving the market is the augmenting product demand in plastics and packaging to create eye-catching and decorative effects. Additionally, the increasing demand for specialty products is leading to the utilization of metallic pigments for printing decorative labels and attractive graphics, thus creating a positive market outlook. Other than this, exponential growth in the construction and automotive industry and the growing demand for high-performance coatings are propelling the market growth. In line with this, constant developments in pigment technology have led to the introduction of new and innovative metallic pigments that offer better performance and color options. Moreover, metallic pigments provide versatility, sustainability, low maintenance, and high resistance to chemicals compared to traditional solid colors, thus creating lucrative growth opportunities for the key players operating in the industry. Looking forward, IMARC Group expects the market value to reach US$ 1,313.0 Million by 2028, expanding at a CAGR of 4.09% during the forecast period (2023-2028).
- On the basis of the product, the market has been divided into aluminum, zinc, copper, stainless steel, and others.
- Based on the application, the market has been segregated into paints and coatings, plastics, printing inks, cosmetics, and others.
- Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been analyzed, with some of the key players being Altana AG, BASF SE, Carl Schlenk Aktiengesellschaft, Carlfors Bruk AB, Geotech International B.V, Lawrence Industries Limited, Metaflake Ltd., Radior France SAS, Silberline Manufacturing Co. Inc., Sun Chemical Corporation (DIC Corporation), Torginol Inc., and Toyal America Inc.
|Base Year of the Analysis
||Product, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Altana AG, BASF SE, Carl Schlenk Aktiengesellschaft, Carlfors Bruk AB, Geotech International B.V., Lawrence Industries Limited, Metaflake Ltd., Radior France SAS, Silberline Manufacturing Co. Inc., Sun Chemical Corporation (DIC Corporation), Torginol Inc. and Toyal America Inc.
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