The latest report by IMARC Group, titled “Metallic Pigments Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global metallic pigments market size reached US$ 934.8 Million in 2021. Metallic pigments are flakes or platelets derived from aluminum, zinc, copper, gold, bronze, and stainless steel. They are aesthetically attractive, offering high metallic brilliance and a strong color flop to a substrate. They also offer various benefits, such as corrosion and barrier resistance and thermal durability to various materials and can be used to impart improved functional properties. As a result, they are widely adopted in the cosmetics, personal care, plastic, paint and coating, printing inks, chemical, and materials industries across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Metallic Pigments Market Trends:
The market is primarily driven by the rising product adoption in the automotive industry to provide a silver metallic finish, which is suitable for wheel and interior coatings. In addition, the escalating demand for sustainable paints and coatings to decrease environmental carbon emissions represents another major growth-inducing factor. Besides, the growing applications of metallic pigments for printing decorative labels and attractive graphics are further contributing to the market growth. Moreover, the increasing product utilization by printing ink manufacturers to provide durable and long-lasting special effects in flexible packaging is creating a positive market outlook. Apart from this, innovative metal oxides and pigments have been introduced based on silver dollar aluminum flakes that offer enhanced brilliance, unique sparkling behavior, and extreme saturation. This, coupled with the escalating demand for metallic pigments for manufacturing high-quality dermatologically safe make-up, skincare solutions for personal care products, and cosmetics, are providing a positive thrust to the market growth. Furthermore, metallic pigments offer sustainability, versatility, compatibility, low maintenance, and high resistance to chemicals compared to conventional solid colors, which is anticipated to propel the market growth in the coming years. Looking forward, IMARC Group expects the market value to reach US$ 1,255.50 Million by 2027, exhibiting a CAGR of 4.60 % during the forecast period (2022-2027).
- Based on the product, the market has been classified into aluminum, zinc, copper, stainless steel, and others.
- On the basis of the application, the market has been divided into paints and coatings, plastics, printing inks, cosmetics, and others.
- Region-wise, the market has been divided 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 industry has also been examined in the report, 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.
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