Metallic Pigments Market Size Forecast to Reach $3.1 Billion by 2026
Metallic pigments market size is forecast to reach US$3.1 billion by 2026, after growing at a CAGR of 6.4% during 2021-2026. The industry is driven by increasing demand for high-performance pigments, with eco-friendly, anticorrosion, heat resistant attributes in major applications such as coatings, printing, cosmetics, building materials, and more. The metallic pigment is an excellent choice for printing decorative labels and eye-catching graphics, thanks to the market demand for specialty goods and stylish packaging. The rapid growth of the construction industry has increased the demand for coating materials; thereby, fueling the market growth. Furthermore, the flourishing automotive industry is also expected to drive the metallic pigments industry substantially during the forecast period. COVID-19 Impact The coronavirus (Covid-19) pandemic has restricted the functioning of the building and construction industry in various regions, owing to the nationwide lockdown. As a r...