Metallic Pigments Market

Metallic Pigments Market Growth Outlook (2023 to 2033)

The global metallic pigments market is estimated at US$ 2.3 billion in 2023. Global demand for metallic pigments is forecasted to reach US$ 3.4 billion by the end of 2033, increasing at a CAGR of 4% over the decade.

Demand for metallic pigments is anticipated to rise faster at a CAGR of 6.6% in Asia Pacific.

Rising consumer requirements for specialty products along with attractive packaging have made metallic pigments an ideal solution for printing eye-catching graphics and decorative labels. Increasing demand for metallic pigments from the automotive industry is contributing to market expansion.

The increasing number of infrastructure projects have put a significant impact on the paints & coatings industry, which can accelerate growth opportunities in the target industry.

Metallic pigments provide decorative and protective components and provide the best particle structure whether the product is an elastic, plastic, or a paint composition. Metallic pigments protect materials from marine or atmospheric corrosion and against radiation (heat or light).

Pigments are utilized in the shading and printing of packaging materials. The development of advanced shade details matches the requirements set by the printing & packaging sector.

The increasing trend of item uniqueness is one of the noticeable changes in the packaging industry. Color evaluation determines differences between sample and standard color effects and helps in enhancing the aesthetic appeal of packaging materials.

Nickel, pearlescent, copper, stainless steel, bronze, zinc, gold, aluminum, and special effect pigments are popular metallic pigments. Metallic pigments are applied in conductive, reflective, heat-resistant, and anti-corrosion coatings in the paints & coatings industry. These coating pigments can also produce a wide range of colors.

Aluminum grades are utilized in the coating of cans, which are used in the food & beverages industry to hide defects in the metal. Very fine aluminum pigments are the most suitable coating options owing to the requirement for great coverage and thin coatings.

Growing popularity of eco-friendly paints & coatings is fueling the sales of metallic pigments. The feature of low carbon emissions in eco-friendly paints is also predicted to propel the demand for metallic pigments.

The detailed research report published by Fact.MR, a provider of market research and competitive intelligence, provides a holistic evaluation of industry trends. Key segments, restraints, growth factors, competitive landscape, and trends are offered in the research report.

Report Attributes	Details
Metallic Pigments Market Size 2023	US$ 2.3 Billion
Forecasted Market Value (2033)	US$ 3.4 Billion
Global Market Growth Rate (2023 to 2033)	4% CAGR
Canada Market Growth Rate (2023 to 2033)	4.5% CAGR
Germany Market Growth Rate (2023 to 2033)	2% CAGR
Projected CAGR for Asia Pacific Market (2033)	6.6%
Key Companies Profiled	Altana AG BASF SE COPRABEL SA Metaflake Ltd. Sun Chemical Corporation Toyal America, Inc. Zhangqiu Metallic Pigment Co., Ltd. Umicore NV/SA

Why are Metallic Pigments Being Widely Preferred in Recent Years?

“Increasing Infrastructure Projects Fueling Demand for Paints & Coatings”

In recent years, there has been a remarkable increase in the number of infrastructure projects, which has impacted the demand for paints & coatings. Changing lifestyle patterns, rising urbanization, and population growth are projected to contribute to increased construction activities across emerging countries, including Indonesia, India, Bangladesh, and Vietnam. These construction activities are expected to propel the demand for metallic pigments.

Metallic pigments improve the aesthetic appeal of substrates and thus provide a glossy finish along with increased ductility, corrosion resistance, and opacity. These appealing characteristics of metallic pigments are anticipated to contribute to their increased demand over the coming 10 years.

“Growing Demand for Innovative Packaging Solutions Stimulating Demand for Metallic Pigments”

Tobacco, gift wraps, and food & beverages industries are contributing to increased demand for packaging solutions, which is anticipated to contribute to rising sales of metallic pigments. Increased product differentiations, enhanced appearance of various packaged items, and availability of advanced color shades are predicted to put a positive impact on the demand for metallic pigments for various packaging applications.

The size of the global printing ink market is estimated to exceed at a substantial speed, which can provide ample opportunities for suppliers of metallic pigments. They are suitable for a wide variety of paper & cardboard and plastic and help in gloss improvement.

Which Factors are Restraining Demand Growth for Metallic Pigments?

“Implementation of Stringent Regulations Regarding Use of VOC Content”

Governments have imposed certain stringent regulations on the use of VOC (volatile organic compounds) content in different paints & coatings. These regulations are imposed not only for manufacturers but also for end users owing to increasing health-related concerns.

“Fluctuations in Cost of Raw Materials”

Prices of raw materials used in the manufacturing of metallic pigments are not stable. There are constant fluctuations in costs, which can put a direct impact on product demand.

Which Region will Provide Lucrative Opportunities for Metallic Pigment Suppliers?

“Infrastructural Development Activities Generating Market Opportunities in Asia Pacific”

Asia Pacific is forecasted to hold a substantial share of global market revenue. Demand for metallic pigments is predicted to progress at a CAGR of 6.6% from 2023 to 2033 in Asia Pacific. The growing automotive industry, rising infrastructure development and construction activities, and wide industrial base are stimulating demand for metallic pigments.

Increasing sales of commercial & passenger vehicles and increasing incidences of residential construction projects are predicted to stimulate demand for metallic pigments in Asia Pacific. Permissive administrative rules and the development of various printing inks and plastic enterprises are projected to scale up the demand for metallic pigments in the region. Southeast-Asian countries, China, and India are expected to hold noteworthy positions in the regional market.

Country-wise Insights

Why are Sales of Metallic Pigments Increasing in Japan?

“Rapid Expansion of Packaging and Printing Ink Sectors”

Demand for metallic pigments is projected to advance at a sluggish CAGR of 1.1% through 2033 in Japan. Increased demand for metallic pigments is attributed to significant growth in packaging and printing inks industries.

Which Sector is Driving High Demand for Metallic Pigments in the United States?

“Booming Automotive Sector Generating Market Opportunities”

Sales of metallic pigments stood at US$ 600 million in 2022 in the United States market. Expansion of the automotive industry in the United States is anticipated to propel the demand for metallic pigments. Rising innovations by key manufacturers to promote the use of various sustainable raw materials in the automotive industry are expected to boost growth opportunities in the metallic pigments market.

Which Factor is Boosting the Sales of Metallic Pigments in Germany?

“Rising Demand for Metallic Pigments from Paints & Coatings Industry”

Consumption of metallic pigments is expected to progress at a sluggish CAGR of 2% from 2023 to 2033 in Germany. An increase in the demand for metallic pigments in Germany is coming from the paints & coatings industry. The growing consumer awareness about less toxic and sustainable coloring agents is expected to generate lucrative opportunities for market players.

The growth of the metallic pigments market in Germany is due to rising demand for various cosmetic products, including haircare products, shower gels, eyeshadows, nail varnishes, and powders. These cosmetic products use metallic pigments significantly.

Category-wise Insights

Why are Aluminum-based Metallic Pigments So popular?

“Great Light Reflectivity of Aluminum-based Metallic Pigments”

Copper, bronze, aluminum, stainless steel, and others are segments of the global industry, based on product. Aluminum-based metallic pigments are estimated to hold a noticeable position in the global market due to their great light reflectivity. A distinctive shining finish is offered to the substrate by aluminum-based metallic pigments. Aluminum pigments protect substrates from erosion and rust when it is utilized in combination with coating materials.

Which End-use Industry Accounts for a Significant Market Revenue Share?

“Rising Construction Activities Propelling Demand for Paints & Coatings”

Paints & coatings, printing inks, cosmetics & personal care, plastics, and others are some key end-use industries of metallic pigments, which are contributing to their higher demand around the world. The paints & coatings industry is anticipated to hold a dominating position across the globe. Rising construction activities across emerging economies are supported by rising populations, which is propelling demand for metallic pigments.

Competitive Landscape

Distributors of metallic pigments are making huge investments in their supply chain management systems to meet the requirements of consumers. They are putting efforts to extend their reach across the globe. Rising expenditures by suppliers help in maintaining product standards and ensuring the delivery of quality products.

Key suppliers of metallic pigments are involved in mergers and acquisitions to extend their product portfolio.

For instance,

• In February 2021, a specialized chemicals company ALTANA finalized the acquisition of TLS Technik GmbH & Co. Spezialpulver KG. This step helped ALTANA to expand its footprint. TLS, which is situated in Germany’s Bitterfeld, has more than 25 years of experience in producing high-quality metal powder, which is used in the production of industrial 3-D printing.

Key players in the metallic pigments market are Altana AG, BASF SE, COPRABEL SA, Metaflake Ltd., Sun Chemical Corporation, Toyal America, Inc., Zhangqiu Metallic Pigment Co., Ltd., and Umicore NV/SA.

Segmentation of Metallic Pigments Industry Research

• By Product Type :

  • Copper
  • Aluminum
  • Bronze
  • Stainless Steel
  • Others

• By End Use :

  • Paints & Coatings
  • Printing Inks
  • Cosmetics & Personal Care
  • Plastics
  • Others

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa