Metallic Pigments Market Growth, Upcoming Trends, Companies Share, Structure and Regional Analysis by 2024
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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The metallic pigments market is expected to record stellar growth on the back of growing printing ink applications. In recent years, metallic pigments are recording significant demand from the printing ink sector due to their high color efficiency. The noteworthy growth of commercial printing, publications, packaging, and the corrugated cardboard industry may accelerate the metallic pigments market growth.
In addition to printing ink applications, the metallic pigment market is gaining substantial traction from the infrastructure sector. The products impart an attractive and long-lasting color to numerous construction materials like cast-in-situ concrete, precast concrete, roofing tiles, and pavers. Significant infrastructure growth owing to increasing demand for green construction, affordable housing, architectural flexibility, and industrialization has increased the demand for the product.
Furthermore, these products find extensive usage in concrete paints and topping, blocks, gypsum, tiles, paving stone, stamped concrete, concrete, artificial stone, and mortar, thereby accelerating the metallic pigments market growth over the forecast period.
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On the regional front, aluminum-based metallic pigments market is expected to record significant growth from the U.S. Studies suggest that U.S. aluminum-based metallic pigments market is expected to exceed USD 185 million over the ensuing years. These products have been witnessing increasing demand from the decorative & automotive, and cosmetics industries. These products can be found in platelets or flakes offering numerous aesthetic features like metallic brilliance and high color flop, which in turn will accelerate metallic pigments market growth.
Competitive Market Share:
• BASF SE
• Toyo Aluminum K.K.
• Sun Chemical Corporation
• Silberline Manufacturing
• Carl Schlenk AG
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.
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