[FURL=https://www.industryarc.com/Research/Metallic-Pigments-Market-Research-503453?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Metallic pigments market[/FURL] size is forecast to reach US$3.1 billion by 2026, after growing at a CAGR of 6.4% during 2021-2026. The industry is driven by increasing demand for high-performance pigments, with eco-friendly, anticorrosion, heat resistant attributes in major applications such as coatings, printing, cosmetics, building materials, and more. The metallic pigment is an excellent choice for printing decorative labels and eye-catching graphics, thanks to the market demand for specialty goods and stylish packaging.Key Takeaways
Asia-Pacific dominates the metallic pigments market, owing to the increasing building and construction industry in the region. Construction demand is increasing in the region, owing to the increasing per capita income of individuals coupled with the increasing population.
The development of innovative metal oxides with unique substrate layering and new flake technology has opened up lucrative avenues for high-performance pigment growth, even in developed markets that are hampered by stringent regulations.
Pearlescent pigments are gaining popularity due to the excellent properties such as the strong luster, non-toxic, weather resistance, heat resistance, good dispersion, non-conductive, and so on, owing to which pearlescent pigments are then widely used in the paint and coating sector, which is limiting the metallic pigments market growth.
Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which the projects and operations of various industries such as building and construction are disruptively stopped, which is hampering the metallic pigments market.
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Metallic Pigments Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the metallic pigments market in 2020 up to 42%, owing to the increasing demand for metallic pigments such as stainless steel and aluminum alloy from the building and construction sector in the region. According to the International Trade Administration (ITA), the construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023.
Metallic Pigments Market Drivers
Increasing Automotive Production
Expanding Cosmetic Sector
Metallic Pigments Market Landscape
Major players in the metallic pigments market are Kolortek Co. Ltd, Carl Schlenk AG, Silberline Manufacturing Co. Inc., Sun Chemical, Ametek Inc., Asahi Kasei Corporation, Toyal America, Inc., BASF SE, Umicore N.V., Metaflake Ltd., Geotech, COPRABEL, Hunter Chemical, LLC, First Source Worldwide, Crescent Bronze Powder Co., Badger Color Concentrates, Inc., ALTANA, and FX Pigments Pvt. Ltd.
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