Global Metallic Pigments Market 2017-2021

Overview of the global metallic pigments market

Technavio’s market research analyst predicts the global metallic pigments market to grow at a CAGR of more than 7% between 2017 and 2021. The global metallic pigments market is anticipated to grow at steadily due to the rising demand for various applications such as paints and coatings, printing inks, and plastics that are specifically used in industrial and automotive sectors. Metallic pigments are used for printing and for imparting color to the packaging material. Also, the launch of several advanced pigment formulations has increased the requirement for packaging. Different grades of pigments enable a variety of effects, which improve the aesthetic appeal of the packaging materials. One of the most recent developments in this market is the growing focus on product differentiation among market players. For instance, Sun Chemical has launched Benda-Lutz, a high-performance metallic pigment with VOC-free aluminum preparation for coatings and inks. These solvent-free pigments are non-flammable and provide several benefits during shipping, storage, handling, and dosing.

In terms of geographical analysis, APAC is the largest revenue contributing region in the market and is also projected to be the fastest-growing market for pigments during the forecast period. The demand for pigments in the evolving end-user industries such as plastics, packaging, and automotive is increasing significantly, subsequently leading to the overall growth of the market. With the growing production of dyes and pigments in the region, the global market for metallic pigments will witness substantial growth during the forecast period.

Competitive landscape and key vendors

BASF, ALTANA, Carl Schlenk, Silberline Manufacturing, and Sun Chemical are some of the prominent vendors operating in the global metallic pigments market. The paints and coatings industry and the printing inks industry are the largest consumers of metallic pigments and offer great growth potential for the market players in terms of product innovations. The manufacturers are also observing an increase in the demand for industrial coatings due to the improved performance characteristics, such as corrosion resistance, barrier effect, and thermal stability of metallic pigments.

Leading vendors in the market are -

• ALTANA
• BASF
• Carl Schlenk
• Silberline Manufacturing
• Sun Chemical

Other prominent vendors in the metallic pigments market include Asahi Kasei Chemicals, Carlfors Bruk, Metaflake, Sudarshan Chemical Industries, Toyal America, The Arasan Aluminium Industries, and Umicore.

Segmentation by type and analysis of the metallic pigments market

• Aluminum
• Copper
• Zinc
• Stainless steel

The global aluminum pigments segment dominated the market during 2016 and accounted for the largest market share. Aluminum is the most predominant pigment among all metallic pigments and is accessible for both leafing and non-leafing grades and in various particle sizes, enabling the manufacture of various shades such as chrome and sparkle effects. This market segment is predicted to grow significantly in the coming years due to the rapid increase in their demand from various applications such as printing inks, paints and coatings, and plastics across industrial and automotive sectors.

Segmentation by application and analysis of the metallic pigments market

• Paints and coatings
• Printing inks
• Plastics
• Cosmetics

The paints and coatings segment was the largest application segment for metallic pigments in 2016. These pigments are primarily used to give a metallic effect and perform technical operations such as corrosion protection, reflection, and conductivity. The metallic pigments used in paints and coatings enhance the visual appeal of the product. These pigments are expected to sustain their market share during the forecast period due to the reduced effect on the environment. Also, they emit fewer amounts of volatile organic compounds (VOCs) and do not leave a paint sludge residue.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global metallic pigments market?
• What are the key market trends impacting the growth of the global metallic pigments market?
• What are the challenges to market growth?
• Who are the key vendors in the global metallic pigments market?
• What are the market opportunities and threats faced by the vendors in the global metallic pigments market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global metallic pigments market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Specialty Pigments Market 2016-2020
• Global Ceramic Coatings Market 2016-2020