Metallic Pigments Market Segments and Key Trends by 2022

Transitioning consumer preferences towards fashionable products with enhanced colors & brilliant visual effects is expected to remain a key driving factor for this market. 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.

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.

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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.

Top Players of Metallic Pigments Market:

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.

Market Segmentation of Metallic Pigments Market:

The Global Metallic Pigment Market segmented on the basis of Product and Application.

By Product:

    Aluminum
    Copper
    Zinc
    Stainless steel

By Application:

    Paints and coatings
    Plastics
    Printing inks
    Cosmetics

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