The global Metallic Pigments Market is
expected to reach USD 1.20 billion by 2022, according to a new report by Grand
View Research, Inc. Transitioning consumer preferences towards fashionable
products with enhanced colors & brilliant visual effects is expected to
remain a key driving factor for this market.
Technological
advancements have introduced high luster & sparkling effects with increased
durability for automotive OEM processing & paint refinishes. These odorless
pigments are also widely utilized in other expanding end-use industries such as
packaging, cosmetics & printing inks, particularly in emerging economies of
China & India. Increasing consumer awareness regarding sustainability and
environmental friendly nature of these pigments has also benefited the overall
market.
Aluminum pigment emerged
as the leading product segment and accounted for over one third of the total
market volume in 2014. Copper pigments are expected to be the fastest growing
product segment growing at a CAGR of 5.7% from 2015 to 2022.These pigments are
rapidly gaining popularity on account of their ability to impart a unique
gold-bronze effect to various substrates.
Browse full report by Grand View
Research :
Further key findings from the report suggest:
·
Global metallic pigments market demand was
153.8 kilo tons in 2014 and is expected to reach 228.6 kilo tons by 2022,
growing at a CAGR of 6.4%from 2015 to 2022.
·
Paints and coatings was the leading
application segment and accounted for 44.2% of total market volume in 2014.
Burgeoning population coupled with evolving fashion trends in emerging markets
of Asia Pacific and Latin America is anticipated to boost segment growth over
the forecast period. Cosmetics are expected to witness the highest growth of
6.9% from 2015 to 2022.
·
Asia Pacific was the largest consumer and
accounted for over 35% of global volume in 2014. Increasing construction
spending in China, India and South East Asian countries, coupled with
regulatory support for eco-friendly products is expected to drive demand in
construction materials and special effect paints. The region is also expected
to witness the highest growth of7.0% over the forecast period.
·
Central & South America is expected to
witness accelerated growth to occupy over 12% of global market volume by 2022.
Upcoming major sporting events such as the Rio Olympics in 2016 are likely to
foster metallic pigments demand in infrastructural paints & graphic art
printing inks in Brazil.
·
Metallic pigment industry is characterized
by presence of several prominent market participants with high level of
integration from raw material production to pigment processing.
·
Some leading companies operating in the
global market include BASF, Eckhart Pigments, Asahi Kasei Corporation, Schlenk
Metallic Pigments, Sun Chemical Performance Pigments, Sudarshan Chemicals,
Umicore, Ferro Corporation, Carlfors Bruk, Toyal America, Inc. and Siberline
Manufacturing Co.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has
segmented the metallic pigment market on the basis of product, application and
region:
Global Metallic Pigment Product Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Aluminum
·
Copper
·
Zinc
·
Stainless steel
·
Others
Global Metallic Pigment Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Paints and coatings
·
Plastics
·
Printing inks
·
Cosmetics
·
Others
Global Metallic Pigment Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
North America
o U.S
·
Europe
o Germany
o UK
o France
·
Asia Pacific
o India
o China
·
Central & South America
o Brazil
·
Middle East and Africa
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-metallic-pigments-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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