03.26.23
There has been a substantial increase in the demand for high-performance metallic pigments that come with eco-friendly attributes, according to market research firm Fact MR.
They find applications in different industries including cosmetics, printing, coatings and building materials. The global metallic pigments market is projected to advance at a CAGR of 4% and reach a value of $4.5 billion by the end of 2033.
The development of various innovative metal oxides with new flake technology and unique substrate layering is predicted to open up lucrative opportunities in the target market. Metallic pigments are used widely in cosmetics and personal care products to manufacture dermatologically-safe and high-quality skincare solutions and skin-friendly makeup.
High-performing zinc-copper blends provide long-lasting and unique gold-bronze effects to cosmetics – thus leading to noticeable demand for metallic pigments. They are also gaining prominence compared to conventional solid colors due to their versatility, sustainability, low maintenance and compatibility. High-resistance to chemicals can also generate demand for metallic pigments.
Reducing the Use of Volatile Organic Compound
A high level of protection of the environment and human health from the use of chemicals is ensured by the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and the Swiss Chemical Ordinance (ChemO). European governments and respective governing bodies have also implemented regulations to reduce the use of volatile organic compound (VOC), which can adversely impact the demand for metallic pigments.
Various leading manufacturers have reduced the use of some heavy elements, including cadmium and chromium due to their toxicity and increasing environmental concerns, which are related to exposure of these metals in paints, construction materials, cosmetics, and other related applications. These factors are predicted to stimulate demand for metallic pigments in the coming decade.
Silver Dollar Aluminum Flakes
Technological advancements and recent innovations have resulted in the development of pigments that are based on silver dollar aluminum flakes. These developments offer extreme saturation, unique sparking behavior and enhanced brilliance. They have given rise to numerous other solutions, including energy-curable pigments, which help to conserve energy in the building & construction industry.
Competitive Landscape
Distributors of metallic pigments are making large 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.