The global Metallic Pigments Market is expected
to reach USD 1.20 billion by 2022, according to a new report by Grand View
Research, Inc. Transitioning consumer preferences towards fashionable products
with enhanced colors & brilliant visual effects is expected to remain a key
driving factor for this market.
Technological
advancements have introduced high luster & sparkling effects with increased
durability for automotive OEM processing & paint refinishes. These odorless
pigments are also widely utilized in other expanding end-use industries such as
packaging, cosmetics & printing inks, particularly in emerging economies of
China & India. Increasing consumer awareness regarding sustainability and
environmental friendly nature of these pigments has also benefited the overall
market.
Aluminum
pigment emerged as the leading product segment and accounted for over one third
of the total market volume in 2014. Copper pigments are expected to be the
fastest growing product segment growing at a CAGR of 5.7% from 2015 to
2022.These pigments are rapidly gaining popularity on account of their ability
to impart a unique gold-bronze effect to various substrates.
To request a
sample copy or view summary of this report, click the link below:
Further key findings from the study suggest:
- Global metallic pigments market demand was 153.8 kilo tons in 2014 and is expected to reach 228.6 kilo tons by 2022, growing at a CAGR of 6.4%from 2015 to 2022.
- Paints and coatings was the leading application segment and accounted for 44.2% of total market volume in 2014. Burgeoning population coupled with evolving fashion trends in emerging markets of Asia Pacific and Latin America is anticipated to boost segment growth over the forecast period. Cosmetics are expected to witness the highest growth of 6.9% from 2015 to 2022.
- Asia Pacific was the largest consumer and accounted for over 35% of global volume in 2014. Increasing construction spending in China, India and South East Asian countries, coupled with regulatory support for eco-friendly products is expected to drive demand in construction materials and special effect paints. The region is also expected to witness the highest growth of7.0% over the forecast period.
- Central & South America is expected to witness accelerated growth to occupy over 12% of global market volume by 2022. Upcoming major sporting events such as the Rio Olympics in 2016 are likely to foster metallic pigments demand in infrastructural paints & graphic art printing inks in Brazil.
- Metallic pigment industry is characterized by presence of several prominent market participants with high level of integration from raw material production to pigment processing.
- Some leading companies operating in the global market include BASF, Eckhart Pigments, Asahi Kasei Corporation, Schlenk Metallic Pigments, Sun Chemical Performance Pigments, Sudarshan Chemicals, Umicore, Ferro Corporation, Carlfors Bruk, Toyal America, Inc. and Siberline Manufacturing Co.
See More
Reports of This Category:
About
Grand View Research:
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
No comments:
Post a Comment