Metallic Pigments Market Analysis

Metallic Pigments Market Analysis

Aluminum based metallic pigments market size was valued at over USD 650 million in 2017. Rising demand of powder coatings pertaining to their low environmental impact may contribute to aluminum pigment market growth. These products are available in a wide range of shades and exhibit high light reflectivity, thereby enhancing visual appeal along with enhancing rust and corrosion resistance.
 

Zinc based metallic pigments market size from paints & coatings applications is likely to witness gains at over 6% by 2024. High product demand for marine & protective paints, flakes used in the automotive industry and mechanical plating of nuts & bolts is likely to stimulate market growth. These products reduce permeability to corrosive substances owing to their lamellar structure thus enhancing anti-corrosive properties.
 

Copper based metallic pigments market from plastic applications is expected to witness USD 100 million by 2024. These products provide a metallic leafing finish, exhibit non-toxicity, durability and long-lasting effect. These pigments witness high demand from automotive coating, resins, nail polish and paints industries which is predicted to boost market size.
 

North America led by Canada and the U.S. metallic pigments market size may exceed USD 600 million by 2024 and is expected to witness significant gains in the forecast period. Economic recovery from the effects of the Great Recession has resulted in increasing middle class population which may boost market growth. Moreover, rising innovation by manufacturers to promote sustainable raw material usage may further boost industry growth.
 

Asia Pacific led by India Japan, and China metallic pigments market size may register gains of 6.5% by 2024. Booming product demand from paints & coatings, plastics and printing and packaging industries may contribute to industry growth. Moreover, the region is witnessing rising passenger & commercial vehicle sales and residential construction projects owing to technological advancements, shifting consumer preferences and economic growth which may further stimulate regional market demand.
 

Europe metallic pigments market demand, driven by Germany, UK, France, and Italy may witness significant gains at over 6% in the forecast timeframe. These products impart color, metallic reflection and coverage to cosmetic colorants along with creating polychromatic effects. Increasing demand from several cosmetic products such as powders, nail varnish, eyeshadows, shower gels and haircare products is predicted to further promote regional product demand.