Catherine Diamond, Associate Editor08.01.17
The metallic pigments market is expected to grow steadily through at least 2021, due largely to increased global infrastructure projects, competition on the shelves, and consumer preference for innovative product presentation.
Several reports released this year concluded that this market will achieve steady CAGR and increased share in the pigment market overall. Zion Market Research, in a study published in May, determined that the market is expected to reach $1,121.6 million USD in 2021 and is anticipated to grow at a CAGR of 6.2% between 2016 and 2021.
According to the report, “Global metallic pigments market has been witnessing robust growth over the past few years owing to growth in the paints and coatings industry. The architectural paints and coatings market has grown significantly due to growing infrastructural development and construction activities in emerging countries. Furthermore, growth in the automotive sectors has boosted the market for decorative paints and
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