Press release
Metallic Pigments Market Top Key Industry Players: BASF, Clariant, Toyo Aluminum K.K., Sun Chemical Corporation, Silberline Manufacturing, Carl Schlenk AG and Altana
Metallic Pigments Market
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Stainless steel based metallic pigments market size from paints & coatings applications may register gains at over 5.5% by 2024 owing to ultraviolet, abrasion & corrosion resistance, hardness and high strength properties. These products are incorporated in conventional water and solvent-based protective coatings and applied on metal substrates for enhanced protection. Moreover, these products form a multilayered structure tightly bonded to the substrate which exposes the flake particles despite loss of the coating binder, thus offering sustained protection and influencing the market revenue.
Booming infrastructure sector on account of rising demand for green construction, industrialization, architectural flexibility and affordable housing may stimulate metallic pigments market growth. These products impart a long-lasting and attractive color to various construction materials such as precast concrete, cast-in-situ concrete, pavers and roofing tiles. Moreover, these products find usage in mortar, concrete, artificial stone, stamped concrete, tiles, paving stone, blocks, gypsum, concrete paints and topping which is likely to enhance industry growth.
Aluminum based metallic pigments market demand from cosmetic applications was valued at about USD 80 million in 2017. These products exhibit superior performance, provide high reflection and wide coverage. Cosmetic industry largely uses aluminum powders coated with metal oxides and high-chrome aluminum pastes in order to obtain various color shades such as orange, blue, green, silver and gold. Furthermore, these products can be combined with organic and pearlescent which enables manufacturers to produce several colors or effects, thereby fueling product demand.
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Growth drivers
3.9.1.1 North America: Booming automotive sector
3.9.1.2 Asia Pacific: Increasing packaging, plastics, and printing inks industry
3.9.1.3 Europe: Growing demand for paints & coatings industry
3.9.1.4 LATAM: Rising consumer awareness of sustainable and led toxic coloring agents
Germany aluminum based metallic pigments market demand from printing ink applications may witness gains at over 5.5% by 2024. Beneficial product features such as enhanced flake geometry, solvent-free product forms, tighter particle distribution and improved adhesion may stimulate market growth. These products are suitable for various printing applications such as gravure printing, screen printing, flexography, offset printing and thermal transfer printing which is expected to boost overall market size.
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China copper based metallic pigments market size is expected to surpass USD 90 million over the forecast timeframe. The presence of major manufacturing base, booming plastics & printing inks sector, and favorable regulations may boost market growth in the region. These products exhibit a unique metallic-bronze and gold visual effect which increases product suitability for coating and decorative ink applications for metal substrates. Moreover, copper-based products are available at lower costs, provides malleability, corrosion resistance, and specific gravity which may increase stimulate product demand.
Metallic pigments market share is competitive and fairly fragmented among several key manufacturers including Sun Chemical Corporation, BASF SE, Toyo Aluminum K.K., Clariant, Carl Schlenk AG and Silberline Manufacturing. Prominent industry participants have adopted the strategy of frequent product launches in order to improve customer satisfaction and promote market growth. Moreover, manufacturers are also investing in technological innovation to improve product quality and ensure regulatory compliance.
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