Pune, India -- (SBWire) -- 09/05/2018 --Industry News:

April 2018 - Eckart expanded its range of metallic printing inks specially developed for printing on food packaging for indirect food contact. The Food Packaging Grade Range are Rotostar UV FPG 78301 Rich Gold and 78304 Silver, which allow formulation flexibility for UV, LED and EB inks.

April 2018 - Eckart launched new metallic offset printing inks of the Metalstar FPG 712 series possessing good storage stability and the solid running performance on the printing machine.

Market Synopsis:

Specialty Metallic Pigments are metal flakes made of copper, aluminum, zinc, and their alloys. Specialty Metallic Pigments are widely utilized in applications such as printing inks, cosmetics & personal care, plastics, paints & coatings, and others.

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Market Dynamics:

Growing Construction and Paints Industries Are the Prime Drivers of Growth

Rising demand for Specialty Metallic Pigments by industries such as automotive, paints and coatings, coupled with the expanse in the construction industry is the prime driver of the market. The growing demand from packaging industries to enhance the aesthetic element of packaging is another driver of the market. The most popular use of metallic colors is for automobiles, to achieve a particular shine.

Development of Particle and Rheology Technologies Is Resulting In Product Development

Advancements in particle technology to achieve colors with unique textures owing to a combination of Pigments and Metal Pigment flakes having different weights and particle shape and sizes and particle size distribution is driving further growth.

Regional Analysis:

Asia Pacific is predicted to expand at the fastest CAGR owing to increasing demand from end-use industries such as automobiles, packaging, and construction. The Asia Pacific region is expected to be led by India, China, Thailand, and Malaysia.

China accounts for the most significant market share owing to growing demand for cosmetics, packaging, and construction and supported by relatively cheap labor cost.

North America is expected to be dominated by the U.S. owing to recovery of the economy. The European region is supposed to be dominated by Russia, Spain, Germany, and the UK. The sizeable automotive industry of Germany and Italy provide a tremendous market opportunity.

The Middle East and Africa is expected to witness moderate growth and is expected to be skewed in favor of Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

Dominant Players:

Some of the prominent players operating in the Global Specialty Metallic Pigments Market are BASF SE (Germany), Sigma Technologies Int'l, LLC (U.S.), Silberline Manufacturing Co., Inc. (U.S.), Kolortek Co., Ltd (China), Carl Schlenk AG (Germany), AMETEK.Inc. (U.S.), Sun Chemical Corporation. (U.S.), Asahi Kasei Corporation (Japan), Toyal America, Inc. (U.S.), COPRABEL S.A. (Belgium), and others.

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Segmentation:

The Global Specialty Metallic Pigments Market is categorized based on Types, Application, and Regions.

Based on Types, the Specialty Metallic Pigments Market is segmented into copper, aluminum, bronze, stainless steel, zinc, and others. Aluminum has accounted for the most significant market share due to growing acceptance in automotive paints & coatings.

Based on Application, the market is classified into paints & coatings, printing inks, cosmetics & personal care, plastics, and others.

Based on Regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Geographically, the Specialty Metallic Pigments Market is segmented into five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.