Metallic Pigments Market Growth Prospectus till 2030 – Business Opportunities
The global metallic pigments market size is likely to foresee momentum backed by increasing demand for paints and coatings. Moreover, technological advancements is chemical industry will boost the market demand during the forecast period. Fortune Business Insights, publish this information in its latest report, titled “Metallic Pigments Market Size, Share & Industry Analysis, By Substrate Type (Stainless Steel, Zinc, Nickel, Aluminium, Copper, Others), By Application (Paints & Coatings, Printing Ink, Personal Care, Plastics, Others) Others and Regional Forecast, 2022-2029.”
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Metallic pigments are the type of pigments derived from metals such as aluminum, copper, zinc, and others. They are extensively used in several applications in sectors such as printing, coatings, plastic, cosmetics, and packaging, among others. Furthermore, it is used widely in industries such as automotive, building & construction as paints and coatings. Moreover, special emphasis on the visual aspect of a particular product to attract the attention of the consumers is expected to propel the demand for metallic pigments in the forthcoming years.
What does the Market Report Offer?
The market report offers a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. Moreover, the report includes information sourced from advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.
Drivers and Restraints:
Increasing Demand for Paint & Coating to Drive the Market
Rising industrialization has witnessed a surge in several industries such as automotive. Increasing demand for paints & coatings to prevent vehicles from corrosion, and rust will contribute to the growth of the market during the forecast period. Moreover, giving impetus on visual factor of a product to attract the attention of the consumer will bode well for the growth of the market in the forthcoming years. For instance, in April 2020, SKODA, a leading automotive manufacturer, reported that around 17.4% of its customers went with the Race Blue metallic color for its vehicle, SCALA, whereas, Quartz Grey metallic color at 16.1% for the KAMIQ, turned out to be the number-one paint finish. Increasing demand for automotive will contribute to the growth of the market during the forecast period.
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Increasing Construction Activities in Asia-Pacific to Promote Growth
Among the regions, Asia-pacific will be at a leading position for the market during the forecast period. This is ascribable to factors such as increasing construction activities and rapid industrialization during the forecast period. North America, on the other hand, will witness remarkable growth owing to evolving trends in chemical industry with technological development during the forecast period. The market in Latin America and the Middle East and Africa is anticipated to rise during the projected horizon. This is attributable to factors such as increasing awareness for low toxicity products between 2019 and 2026.
Product Innovations to Bolster Growth
In April 2020, Jake Fontana, a plasmonics researcher at the US Naval Research Laboratory, explained that plasmonic nanoparticles such as gold, silver, or aluminum of different sizes and shapes are better at scattering light in nature. Furthermore, image printed with the help of plasmonic color is believed to be fade-proof and they require only a fraction of the material of the color photographs that would produce vivid colors. Moreover, Debashis Chanda, a Nano photonics scientist at University of Florida, recently invented a plasmonic paint. With the help of plasmonic effects, she developed a color spectrum that involves high reflective metallic pigments manufactured from a plasmonic material that can be used to formulate several products such as paints, printer ink, cosmetics, and other color displays. Adoption of strategies by the companies to gain maximum metallic pigments market revenue will positively affect the growth of the market during the forecast period.
List of the Companies Proliferating in the Market:
- BASF SE
- Sun Chemical Corporation
- Silberline Manufacturing
- Carl Schlenk AG
- Toyo Aluminium K.K.
- Sudarshan Chemicals
- Ferro Corporation
- CARLFORS BRUK
- Metaflake Ltd.
- AVL Metal Powders
- Among other
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