Press release
Metallic Pigments Market to exhibit phenomenal gains over 2018-2024: Growth $2.3 Bn by Major Companies Clariant, Ferro Corporation, ALTANA AG Industry BASF, Sun Chemical, Analysis Report 2018-2024
Metallic Pigments Market
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Metallic pigments are becoming popular due to the enhanced visual effect that they offer in plastics, paints, coatings and inks. With a substantially improving macro-economic environment in Europe and North America as well as greater purchasing power of consumers in Asia-Pacific, metallic pigments market outlook has been witnessing increasing demand across the globe.
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.
Industry impact forces
• Growth drivers
1. North America: Booming automotive sector
2. Asia Pacific: Increasing packaging, plastics, and printing inks industry
3. Europe: Growing demand for paints & coatings industry
4. LATAM: Rising consumer awareness of sustainable and led toxic coloring agents
• Industry pitfalls & challenges
1. Stringent environmental regulations on VoCs and particulate discharge
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.
By Product
• Aluminum
• Zinc
• Copper
• Stainless steel
• Nickel
By Application
• Paints & coatings
• Plastics
• Printing inks
• Cosmetics
Growing demand from decorative paints & coatings industry owing to thriving automotive OEM and refinish industry may increase metallic pigment market demand. These products impart an elegant appearance, silvery metallic finish, and degradation resistance which increases their suitability for wheel coatings, interior coatings, other parts and accessories thereby promoting metallic pigments market growth.
Metallic Pigments Market size is set to surpass USD 2.3 billion by 2024; according to a new research report by Global Market Insights, Inc. Rising demand for eco-friendly paints & coatings along with low carbon emissions is stimulating the growth of powder pigments market size. Aluminum and copper metallic pigments are experiencing high demand owing to the availability of high product variety.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. Sun Chemical
3. Silberline
4. ALTANA AG
5. Carl Schlenk AG
6. Toyo Aluminium K.K.
7. Clariant
8. Sudarshan Chemical Industries Ltd.
9. Ferro Corporation
10. CARLFORS BRUK AB
11. METAFLAKE LTD
12. Zhangqiu Metallic Pigment Co.,Ltd.
13. S.P. Morell and Company
14. Lawrence Industries Ltd.
15. GEOTECH Special effect pigments
In automotive and other industrial applications, coatings are used to increase the anticorrosive nature, scratch resistance, durability, and environmental etch. Coated automotive products are capable of fulfilling the customers’ expectations of appearance, which could enhance the sales of automobiles considerably.
Another advantage of the use of metallic automotive coatings is meeting the environmental regulatory policies that could lead to minimizing ownership and manufacturing costs. The favorable cost-effective output received with the use of coatings will generate a supportive business scenario for the players in the metallic pigment market.
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The significant changes in technologies related to the coating as well as colorization process will encourage giants in the metallic pigment industry to carry out in-depth research for enhancing their existing product ranges. The development of innovative and environment friendly product portfolios will eventually increase the pigments’ applicability in end-use sectors. Underlining the rise in future product demand, metallic pigment market will surpass revenue collection of USD 2.3 billion by the end of 2024.
North America driven by the U.S., Canada and Mexico nickel-based metallic pigments market size may witness consumption at over 2.4 kilo tons up to 2024. These products provide several benefits such as versatility, high corrosion resistance, electrical conductivity, ferromagnetism and attractive appearance. These products have various applications including decorative coatings and electrically-conductive coatings for aerospace & military applications, and wall shields.
Browse key industry insights from the report, “Metallic Pigments Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/metallic-pigments-market
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.
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.
Sun Chemical Corporation, BASF SE, Altana, Silberline Manufacturing, Carl Schlenk and Toyo Aluminium are some of the prominent industry participants in the market. Companies are highly engaged in forming collaboration to expand their regional reach along with heavy investments in R&D activities to develop new products and expand their product portfolio.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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