PUNE, India, May 9, 2016 /PRNewswire/ --
According to the new Market Research Report "Global Metallic Pigments Market: By Application (Paints & Coatings, Plastics, Printing Inks, Cosmetics and Others); Type (Aluminium, Copper, Zinc, Stainless Steel and Others); Region (Asia-Pacific, North America, Europe, Central & South America and Middle East & Africa) - Forecasts Till 2021", the global metallic pigments market was valued at USD 831.3 million in 2015, and is expected to reach USD 1,254.6 million by 2021, at a CAGR of 7.1% from 2016 to 2021.
Browse through the TOC of Global Metallic Pigments Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Metallic pigments are the special effect pigments comprising mica Nano-particles layered with various organic & inorganic pigments. The metallic particles are mixed with epoxy to create coating shine which reflects light and disperse various colors.
The demand for metallic pigments are increasing day by day due to its superior features and qualities such as environmental friendly, Stylish & unique appearance, low maintenance, economical & cost-effective and so on.
Various factors like growth in urbanization leading to increased application areas for paints and coatings, building materials and plastics, increased end-user application, new technologies (LED & H-UV), strong demand from automotive and industrial application and rapid urbanization are driving the growth of the market.
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The global metallic pigments market has been segmented on the basis of type, end-user industry and region. The end-user industry segment has been further segmented into paints & coatings, plastics, printing inks, cosmetics and others. The paints & coatings end-user industry led the global metallic pigments market. However, the costemics segment is expected to grow with the highest CAGR during 2016 to 2021.
In terms of types, the market is segmented as aluminium, copper, zinc, stainless steel and others. Aluminium is the leading type in the global metallic pigments market and held a market share of more than 30% in 2015. However, the Copper metallic pigments are expected to grow at the highest CAGR of 6.7% during the forecast period owing to its gold-bronze effect to various sybstrates.
The region segment has been segmented into Asia-Pacific, North America, Europe, South & Central America and Middle East & Africa. Approximately 33% of the market was covered by Asia-Pacific due to increasing demand for special effect pigments for various applications in in emerging countries such as China, India and South Korea. The Central & South American regions occupied 15% of the global metallic pigments market owing to increasing demand for metallic pigments in infrastructural paints & graphic art printing inks in Brazi, Argentina, Chile and so on.
Key Players of Global Metallic Pigments Market includes:
Sun chemical corporation (U.S.), Asahi Kasei Corporation (Japan), Carlfros Bruk (Sweden), Siberline Manufacturing Co. Inc. (U.S.), BASF (Germany), Schlenk AG (Germany), Toyal America, Inc. (U.S.), Umicore (Belgium), Sudarshan Chemicals (India), Ferro Corporation (U.S.) and others and so on.
New product launch and agreements are the key growth strategies adopted by the key players in this market. Manufacturing companies and end-product manufacturers infuse high investments for future advancements and technology modifications to match the ever growing demands coming from various end-user industries.
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