Strong growth is expected to continue, particularly in the Asia Pacific region.
Catherine Diamond, Associate Editor07.31.15
The metallic pigments market is growing at a steady pace and is expected to reach $1,286.7 million by 2023. Transparency Market Research (TMR), in a recently published report, said that the current market was valued at $736.2 million as recently as 2014. It is expected to expand at a compound annual growth rate of 6.4% through 2023.
According to the report, titled Metallic Pigments Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023, rise in demand for automotive coatings coupled with growth in printing inks and plastics industries in Asia-Pacific are the primary market drivers. Aluminum was the largest product segment, accounting for a major share of the global metallic pigments market in 2014. Aluminum pigments are used in paints and coatings, printing inks and plastics, and offers a shiny, silvery effect to the substrate.
In addition to being used to provide glossy and shiny effects to products, metallic pigments are popular because th
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