Market Analysis
The specialty metallic pigments market is likely to grow at a healthy CAGR between 2016- 2023, as per the new Market Research Future (MRFR) report. Specialty metallic pigments, simply put, are metal flakes of different sizes generally made of zinc, aluminium, copper, and their alloys. Its metallic effect can be modified by particle size distribution, size, and shape. Some of its key applications include plastics, cosmetics and personal care, printing inks, paints and coatings, and others.
Various factors are adding to the global Specialty Metallic Pigments Market. These factors, according to the new MRFR report, include rising sales and production of automotive, booming packaging sector, growing demand for attractive packaging, increasing use in packaging material and printing, and increasing development & construction activities, especially in emerging economies. Additional factors adding market growth include increasing usage in architectural paints for the growing construction activities, and its growing demand for coatings in the general and automotive industry.
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On the contrary, increasing environmental concerns coupled with rising government regulatory intervention due to the presence of volatile organic compounds are factors that may limit the specialty metallic pigments market growth.
Covid-19 Analysis /Covid-19 Impact on the Specialty Metallic Pigments Market
The COVID-19 outbreak has disrupted lives as well as, at the same time, is challenging businesses worldwide. The emergence of this pandemic has brought the globe to a standstill. It has brought an unprecedented effect on businesses across different industries, and specialty metallic pigments market is no different. Specialty metallic pigments touch almost every product that people use daily such as cosmetics, printing inks, plastics, and paints and coatings. With the impact of this novel coronavirus the world over as well as the economic activities grinding to a halt, companies manufacturing specialty metallic pigments find themselves functioning in a new reality. The demand for such pigments is undergoing severe shocks, with disruption in supply chains, unprecedented hits in the stock price, and virtual change in its competitive order in Europe, China, Middle East, and the US overnight.
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Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global specialty metallic pigments market report based on application and types.
By types, the global specialty metallic pigments market is segmented into zinc, stainless steel, bronze, aluminium, copper, and others. Of these, the aluminium segment will lead the market over the forecast period.
By application, the global specialty metallic pigments market is segmented into plastics, cosmetics and personal care, printing inks, paints and coatings, and others.
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Key Players
Eminent players profiled in the global specialty metallic pigments market report include Toyal America, Inc. (U.S.), BASF SE (Germany), Asahi Kasei Corporation (Japan), Silberline Manufacturing Co., Inc. (U.S.), Sigma Technologies Int'l, LLC (U.S.), AMETEK.Inc. (U.S.), COPRABEL S.A. (Belgium), Carl Schlenk AG (Germany), Kolortek Co., Ltd (China), Sun Chemical Corporation.(U.S.), and others.
Regional Analysis
Based on the region, the global specialty metallic pigments market report covers the recent trends & growth opportunities across the Americas, Europe, the Asia Pacific (APAC), Latin America, & the Middle East & Africa (MEA). Among these, the APAC region will lead the market over the forecast period for the burgeoning demand for specialty metallic pigments market from various end use industries, namely construction, packaging, and automobiles. Besides, the growing demand in Malaysia, Thailand, India, and China owing to the development of plastic, printing inks, paints and coatings industries, implementation of new expansion strategies to attain the demand, presence of cheap labor cost, and easy availability of raw materials are also adding market growth. China is the chief contributor in the region for the burgeoning demand in household goods, packaging, and cosmetics.
The global specialty metallic pigments market in the APAC region is predicted to possess the second-largest share during the forecast period for the high adoption rate of technology and strict regulatory framework. Canada & the US are the major contributors in the region for the increased spending by consumers on personal care products and growing end use industries.
The global specialty metallic pigments market report in the MEA is likely to have moderate growth over the forecast period for the increased construction spending in the residential and commercial sectors in the UAE, Kuwait, Qatar, and Turkey.
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