A recent report published by Infinium Global Research on the metallic
pigments market provides an in-depth analysis of segments and sub-segments in the
global as well as regional metallic pigments market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional metallic pigments market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global metallic pigments market. According to the report, the global metallic
pigments market is projected to grow at a CAGR of 6.81% over the forecast
period of 2019-2025.
The pigments are being used for coloring, paints, and coating. The
pigments can be made up of various materials depending upon their use and
application. Metallic pigments are preferred for painting and coating in the
automotive and construction industry owing to their superior protection
properties and better coloring agents. The metallic pigments market is highly
competitive and consolidated in nature. The major market players such as Asahi
Kasei Corporation, BASF SE, and Carl Schlenk AG hold a large part of the market
share. Other key players in the market including ALTANA AG, Clariant AG, Sun
Chemical Corporation, Silberline Manufacturing Co., Inc., Kolortek Co., Ltd,
Umicore N.V, Toyal America, Inc. and others are focusing on strategic
acquisitions of the suppliers and local players along with investment in the development
of new products.
The booming automotive and construction sectors are majorly
driving the growth of the metallic pigments market. The automotive and
construction industries are the major end-use industries for the metallic
pigments market. Growth in these fields directly contributes to the growth of
the metallic pigments market. Moreover, the increasing adoption of aluminum
pigments is boosting the demand for the metallic pigments market. The
automotive sector is adopting the aluminum pigment for painting and coating
applications due to its superior physical properties. Furthermore, the rising
demand for attractive packaging is supporting the demand for metallic pigments.
However, the stringent environmental regulations regarding heavy/toxic metals
are the major restraining factors for the growth of the metallic pigments
market. Nevertheless, the technological advancements in the field of pigments
are expected to offer lucrative opportunities for the key players in the
metallic pigments market.
In terms of region, Asia Pacific held the highest market share,
dominating the global metallic pigments market. The dominance of Asia
Pacific market attributed to the vast manufacturing base, and the development
of printing inks and plastics enterprises. The European metallic pigments
market held the second largest market share, globally. The European metallic
pigments market is the second-largest market on the globe.
The report on global metallic pigments market covers segments such
as type and application. On the basis of type, the sub-markets include
aluminum, zinc, copper, stainless steel, and other types. On the basis of
application, the sub-markets include paints & coatings, plastic, printing
inks, cosmetics, and other applications.
The report provides profiles of the companies in the market such
as ALTANA AG, Asahi Kasei Corporation, BASF SE, Carl Schlenk AG, Clariant AG,
Sun Chemical Corporation, Silberline Manufacturing Co., Inc., Kolortek Co.,
Ltd, Umicore N.V., Toyal America, Inc., and Other Companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the metallic
pigments market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.