Global metallic pigments market will reach USD 1,121.6 million in 2021, growing at a CAGR of 6.2% from 2016 to 2021
Sarasota, FL -- (SBWIRE) -- 02/17/2017 -- Zion Market Research has published a new report titled "Metallic Pigments Market For Paints & Coatings, Plastics, Personal Care, Printing Inks And Other Applications - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2015 – 2021". According to the report, global demand for metallic pigments market was valued at USD 781.6 million in 2015, is expected to reach USD 1,121.6 million in 2021 and is anticipated to grow at a CAGR of 6.2% between 2016 and 2021.
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Metallic pigments are chemical dispersals that consist of metals such as aluminum, copper, and zinc in powdered form. These metallic pigments are produced through wet and dry milling processes. They are processed by incorporating solvents, fillers, and additives along with metal flakes during the milling operation. Metallic pigments enhance the esthetics of end-product by providing metallic effects, gloss, and shine. They are characterized by superior opacity, luster, and ductility compared to other inorganic pigments. Furthermore, they possess a high degree of reflectivity owing to uniform particle size distribution of the metal.
Asia pacific dominated the overall metallic pigments market in terms of revenue in 2015. Asia Pacific is one of the largest consumers of the metallic pigments. Development of paints & coatings, plastics, and printing inks industries in Asia Pacific is likely to boost the metallic pigments market. China has emerged as the one of the leading manufactures, trader, as well as consumer of metallic pigments in the region. Gradually growing production technology and presence of strong downstream consumer support within the country have been propelling demand for metallic pigments in the country over the recent years. India is expected to be the second-largest market in terms of demand for metallic pigments.
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Europe was one of the leading players in the metallic pigments market in 2015 followed by North America. Europe and North America is estimated to exhibit stabilized market growth owing to strict governmental regulations regarding volatile organic compounds (VOCs) emissions in the region.
Latin America and Middle East & Africa regions are likely to be emerging markets in coming years due to investments in these regions by global metallic pigments producers. The growth in the region is attributed by growing urbanization and improving fashion trend. Rapid industrialization and rising consumer awareness of low toxicity and sustainability the coloring agents are expected to favor metallic pigments market growth in countries such as Argentina, Brazil, UAE, Saudi Arabia and South Africa.
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This report segments the global metallic pigments market as follows:
Global Metallic Pigments Market: Product Segment Analysis
Global Metallic Pigments Market: Application Segment Analysis
-Paints & coatings
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Global Metallic Pigments Market: Regional Segment Analysis
-Middle East and Africa
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