Metallic Pigments Market is estimated to reach US$ 2.4 Bn in 2026, at a CAGR of 6.7%

PUNE, India - Oct. 7, 2018 - PRLog -- Metallic Pigments Market (by Type (Aluminum, Zinc, Copper, Stainless Steel, Others)-by Application (Paints & Coatings, Plastics, Personal Care, Printing Inks, Others) –by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)) – is expected to reach US$ 2.4 Bn by 2026 at a CAGR of 6.7%.

Metallic pigments are used for printing and for imparting colour to the packaging material. Metallic pigments are inorganic pigments with metallic characteristics. Metallic pigments are utilized for protecting metallic surfaces against corrosion. The metallic particles are mixed with epoxy to create coating shine which reflects light and spread in various colours. Pigments are solid materials that improve the appearance or impart colour to the substrate on which they are used; they are black, white, and colours.

The rise in demand for Specialty Metallic Pigments by industries such as automotive, paints and coatings, coupled with the stretch in the construction industry is the prime driver of the market. The growing demand from packaging industries to enhance the glamorous element of packaging is another driver of the market. The most popular use of metallic colours is for automobiles, to achieve a glossy shine of vehicle. The availability of advanced colour shades, enhanced appearance of packaged items and increased product differentiation may have a positive impact on the suitability of metallic pigments for packaging applications. These products are witnessing high demand from the printing ink industry owing to their suitability with a wide range of surfaces such as plastic, paper & cardboard and gloss improvement.

Aluminum Pigments to Lead in terms of Demand during 2018-2026

In terms of type, Aluminium is the most predominant pigment among all metallic pigments and is accessible for both leafing and non-leafing grades. Aluminium pigments are used as colouring additives.  High product demand for marine & protective paints, flakes used in the automotive industry and mechanical plating of nuts & bolts is likely to stimulate market growth. Copper based metallic pigments market witness high demand from automotive coating, resins, nail polish and paints industries which is predicted to boost market size. Copper pigment is one of the swift developing product segments.

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