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.
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