San Francisco, 3 December 2018: According to a report
by Grand View Research, Inc., global metallic pigments market is anticipated to value USD 1.20 billion by 2022.
Growing requirement for high-performance pigments with eco-friendly properties
is anticipated to propel demand for metallic pigments over the forecasts period
(from 2015 to 2022). Increasing use of metallic pigments in printing inks to
offer long-lasting, fashionable, and durable special effects for flexible
packaging and other applications can
fuel market growth. Continuous efforts from manufacturing companies to develop
innovative products through R&D activities can augment the market growth.
On the other hand, stringent
government regulations towards environment safety and growing concerns regarding
pigment migration in packaging inks can hamper market growth. However, increasing
use of these pigments in personal care products and cosmetics to manufacture dermatologically
safe make-up and skin care products is anticipated to augment market expansion during
the forecast period. To cater to rising demand for metallic pigments, most
companies are investing in R&D activities to develop advanced products. For
instance, Schlenk introduced Decomet, a new development in Vacuum Metallized Pigments
(VMP) coatings. New production process is expected to include tight particle
size control that can lead to narrow particle size distribution.
Access
Research Report of Metallic
Pigments Market@ www.grandviewresearch.com/industry-analysis/metallic-pigments-market
It can be used in coatings for
reflectors, decorative paints, plastic coating, glass coatings, and second
surface. The product offers bright metallic effect, high gloss, and reduced
risk of blocking the spraying gun. The metallic pigments market can be
segregated on the basis of product, application, and region. Based on product,
the market can be categorized into copper, aluminum, zinc, stainless steel, and
others. In 2014, aluminum segment led the market and accounted for 40% of the
total share. It is available in various grades including non-leafing, leafing,
and vacuum metalized.
The segment is estimated to
register a CAGR of 5.5 % from 2015 to 2022 as a result of increasing use
of product in automotive paints and coatings due to their durability and high
metallic luster. The copper and zinc segments are also expected to witness high
demand owing to growing consumer preference for unique gold-bronze color
effects in cosmetics. Copper segment is likely to emerge as the fastest-growing
product at a CAGR of 5.7% during the forecast period. Based on application, the
market can be classified into plastics, printing inks, paints and coatings,
cosmetics, and others. In 2014, paints and coatings segment led the market and
accounted for 45% of the overall revenue share.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Increasing number of
construction activities in emerging economies to support burgeoning population
can fuel growth of segment. In addition, stringent regulations regarding lowering
VOC content in paints can augment segment growth. Cosmetics segment is likely
to grow at a faster pace over the forecast years. In addition, growing
preference for unique color effects and finishes in cosmetic products can spur
the segment growth. It is predicted to expand at a CAGR of 6.9% and account for
10% of the total volume share by 2022. Regional segmentation includes Europe,
North America, Asia Pacific, Latin America, and Middle East & Africa. In
2014, Asia Pacific led the market and accounted for 35 % of its share.
Extensive product usage in
end-use sectors including plastics, automotive, and packaging, in Europe can boost
regional market development in the years to come. Rising urbanization and changing
fashion trends are likely to contribute toward increasing the product demand in
MEA and Central & South America. Moreover, rapid industrialization and
growing consumer awareness regarding sustainability and low toxicity of these
coloring agents in countries including South Africa, UAE, Brazil, Argentina,
and Saudi Arabia can stimulate market growth. Some of the leading companies in
the metallic pigments market are Asahi Kasei Corporation, BASF SE, Eckhart
Pigments, Schlenk Metallic Pigments, and Sun Chemical Performance Pigments.
Access
Press Release of Metallic Pigments Market@ www.grandviewresearch.com/press-release/global-metallic-pigments-market
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.
No comments:
Post a Comment