The Asia Pacific Metallic Pigments Market would witness market growth of 6.8% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 184,022.0 tonnes, showcasing a growth of 26.7% (2020-2023).
Copper pigments, often referred to as bronze pigments, are favored for their rich, gold-like appearance and exceptional durability. They are widely used in decorative applications, including luxury packaging, high-end cosmetics, and artistic paints. Copper pigments also offer functional benefits like heat and chemical resistance, making them suitable for industrial coatings in demanding environments. Their ability to create premium finishes ensures strong demand in the automotive and architectural sectors. Hence, in India, 5,042.0 tonnes of copper pigments are expected to be utilized by the year 2031.
The China market dominated the Asia Pacific Metallic Pigments Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $371.2 million by 2031. The Japan market is expected to witness a CAGR of 5.8% during (2024 - 2031). Additionally, The India market would register a CAGR of 7.4% during (2024 - 2031).
The shift towards eco-friendly and sustainable products has also influenced the adoption of metallic pigments. Manufacturers are developing environmentally friendly metallic pigments that meet regulatory requirements and consumer preferences for sustainable products. The growing demand for high-quality and premium products in various industries has increased metallic pigment use. These pigments' ability to provide a luxurious and high-end appearance has made them popular among manufacturers and consumers.
Several trends are shaping the metallic pigments market, influencing its growth and development. There is a growing trend towards sustainable and eco-friendly metallic pigments. Manufacturers focus on developing pigments with reduced environmental impact, such as those based on renewable resources or with lower toxicity.
The growth of China’s plastics industry is also a reflection of the country’s dominance in global manufacturing. As China continues to lead in plastic production, especially in sectors like packaging, electronics, and automotive, there is a growing demand for visually striking plastic products. Plastics can have metallic effects by using metallic pigments, which enhance the product's appearance and perceived worth. This trend is particularly evident in consumer goods, where metallic finishes are a key selling point in products such as packaging, toys, and home appliances. Hence, the increasing chemical industry in India and the growth of the plastics sector in China are key drivers for the metallic pigments market.
Free Valuable Insights: The Global Metallic Pigments Market is Predict to reach USD 3.29 Billion by 2031, at a CAGR of 6.4%
Based on Product, the market is segmented into Aluminum, Zinc, Copper, Stainless Steel, and Other Products. Based on Application, the market is segmented into Paints & Coatings, Plastics, Cosmetics, Printing Inks, and Other Applications. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Product (Volume, Tonnes, USD Billion, 2020-2031)
By Application (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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