With the phenomenal growth of the metallic pigments market, pigment suppliers have been shaping new technologies to suit the industry needs for coatings and paint formulators.
— As per the report by Global Market Insights, Inc., “Worldwide Metallic Pigments Market was valued USD 1.5 billion in 2017 and will surpass a revenue collection of USD 2.3 billion by 2024 with an annual growth rate of 6.5% over 2018 to 2024.”
Rising printing inks application demand owing to rapid growth of publications, commercial printing, packaging and corrugated cardboard industry along with rising awareness of eco-friendly products is predicted to boost metallic pigments market. These products impart color when used in printing inks and are gaining high popularity due to their high color efficacy which may further accelerate metallic pigments market demand.
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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.
The automotive industry has often been a trend setter when it has come to colors and finishes. Rising number of surveys indicate that consumer demand for gold, silver and bronze finish is now on a rise. A marked rise in demand has been noted for silver pigments which is increasingly being used as a coating color for teletronics such as TV sets, stereos, computers and laptops. According to a global color popularity survey conducted by DuPont, silver was found to be the most popular color for vehicles in North America, Europe and Asia. Whether silver is just a trend or has become a part of the basic color palette is still a debated question but from the demand of silver metallic pigments experts have opined that silver has obtained itself the position of being the conservative color of the millennium.
Many paint companies are capitalizing on rising consumer interest and have been adding metallic finishes in their collections. For instance, the UK based company ICI offers a Dulux Discovery range which comprises shades such as eastern gold, copper pot and brushed steel. According to a report published by the company the metallics have exceeded Dulux’s predictions by almost 200%, clearly indicating the future growth prospects for the metallic pigments industry.
Germany copper based metallic pigments market from printing ink applications may witness gains at over 6.5% by 2024. These products are used in the manufacturing of green, cyan, reddish blue, violet and pink printing inks. Copper and zinc alloys are also used to produce gold-bronze metal inks which may further boost industry growth.
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U.S. aluminum-based metallic pigments market may surpass USD 185 million in the predicted timeframe. These products are witnessing rising demand from automotive & decorative coatings and cosmetics industries. They are found in flakes or platelets forms providing several aesthetic features such as high color flop and metallic brilliance which may stimulate metallic pigments market growth.
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.
Glimpse of Table of Content (ToC)
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
18.104.22.168 Paid Sources
22.214.171.124 Public Sources
Chapter 2 Executive Summary
2.1 Metallic pigments industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
Chapter 3 Metallic Pigments Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013-2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.4 Raw material analysis
3.4.5 Stainless steel
3.5 Pricing analysis
3.5.1 Stainless steel
3.6 Technology landscape
3.7 Innovation & sustainability
3.8 Regulatory landscape
3.9 Industry impact forces
3.9.1 Growth drivers
126.96.36.199 North America: Booming automotive sector
188.8.131.52 Asia Pacific: Increasing packaging, plastics, and printing inks industry
184.108.40.206 Europe: Growing demand for paints & coatings industry
220.127.116.11 LATAM: Rising consumer awareness of sustainable and led toxic coloring agents
3.9.2 Industry pitfalls & challenges
18.104.22.168 Stringent environmental regulations on VoCs and particulate discharge
3.10 Growth potential analysis, 2017
3.10.1 Emerging business model
22.214.171.124 New product launch
126.96.36.199 Joint Venture
3.11 Porter’s analysis
3.12 Competitive landscape, 2017
3.13 Company market share analysis, 2017
3.13.1 Strategy dashboard
3.14 PESTEL analysis
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