Press release
Global Metallic Pigments Market 2024 Key Market Players & Competitive BASF SE, Clariant, Toyo Aluminum K.K and others
In addition, leading manufacturers in metallic pigments market are emphasizing on strengthening their product portfolio through technologically advanced solutions. For instance, in 2020, ALTANA announced the acquisition of TLS Technik GmbH & Co., one of the eminent
manufacturers of metal powders for 3D printing. According to the company, this strategic move is aimed at expanding their product portfolio in 3D printing for manufacturing of industrial additive and positioning themselves in a technology market. Such effective steps from the industry players will provide ample growth opportunities to the global market.
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According to Global Market Insights, Inc. report, metallic pigments market is projected to foresee a remarkable growth over the coming years, attributing to below mentioned trends:
Increasing demand for aluminum metallic pigment for enhanced product appeal
Aluminum metallic pigments are projected to witness a substantial growth over the coming years, attributing to wide applications of these pigments including skin care products such as sunscreen lotion, graphic arts and inks, protective metallic coatings for buildings and bridges, automotive paints, etc. Aluminum pigments are used in these applications primarily due to their light reflection and absorption properties. The pigment alters the color of reflected light and provides sparkling effect.
Further, aluminum pigment coatings show wide range of appearances such as "liquid metal" appearance, metallescent (colorful pearlescent effect), glitter effect and pinpoint sparkle. Such light-absorption and reflective factors provide different appearances to paints and coatings used in automobiles.
Increasing demand for paints and coatings will foster metallic pigments market share over the forecast timeframe. With prominent availability of high product variety, the demand for copper metallic pigments and aluminum has relatively increased. Consumption of printing inks has increased on account of the massive growth of commercial printing, corrugated cardboard industry, packaging and publication sectors.
When used for printing inks, metallic pigments tend to exude color and have been garnering popularity for their high color. They also deliver long-lasting efficacy for to several construction materials like concrete, pavers, roofing tiles, cast-in-situ concrete and precast concrete which will accelerate metallic pigments industry size over the projected timeframe.
Flourishing refinish and OEM sectors have resulted in the increasing demand for decorative paints and coatings which may help boost industry growth. Such products exhibit an elegant appearance, degradation resistance and silvery metallic finish for interior coatings, wheel coatings and accessories.
There has been a steady rise in the use and adoption of nanotechnology within the paints and coating sector to be able to generate special effects in pigments which in turn will encourage the total growth of the industry. The technology consists of mica particles that own layers of several organic as well as inorganic metallic color pigments.
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These nanomaterials can potentially improve the features of all the existing paint and coating products with regard to the excellent qualities like improved functionality, high efficiency and enhanced size, shape & larger surface area.
Competitive Market Share:
• BASF SE
• Clariant
• Toyo Aluminum K.K.
• Sun Chemical Corporation
• Silberline Manufacturing
• Carl Schlenk AG
• Altana
Growth in infrastructural sector over the years
A boom in infrastructure sector primarily due to the growing demand for green construction, architectural flexibility and industrialization along with efforts taken by the government to provide affordable housing solutions has supplemented growth in the industry. Metallic pigments offer attractive and long-lasting color to many construction materials like cast-in-situ concrete, roofing tiles, pavers and precast concrete.
Additionally, metallic pigments find use in concrete, artificial stone, tiles, paving stones, mortar, concrete paints and toppings.
U.S. to emerge as a key revenue terrain
Regionally, U.S. aluminum based metallic pigments industry has led the market share over the past several years, especially from the decorative coatings, automotive and cosmetics market. Aluminum metallic pigments are found in platelets and offer various aesthetic features like high color flop and metallic brilliance that may enhance the metallic pigments industrial growth.
Printing inks have gained considerable demand due to rapid growth in publications, corrugated cardboard industry and commercial printing, coupled with the growing awareness regarding the need for sustainable products will boost the demand for the product. These pigments impart colors that have gained popularity in printing inks due to their superior color efficacy.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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.
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