Los Angeles, December 11, 2019 – QY Research has recently published a report titled, “Global (United States, European Union and China) Metallic Oil Paint Market Research Report 2019-2025”, according to the report, the global market was worth US$ 8.2 Bn by 2018 and is expected to reach US$ 10 Bn by the end of 2025, registering a CAGR of 2.9 during the forecast period of 2019 to 2025.
Ability to Reflect more Light and Provide Glossy Auto Finish to Boost the Market
Metallic paint is extensively used due to its ability to contour bodywork of any object. It creates a metallic surface with the help of small metal flakes that mimic the sparkling effect. The reflectivity and size of flakes determine the difference of reflected light on the object.
Modern evolved techniques have improved the pigment and texture. Metallic paints incorporate acrylic polyurethane top coat to provide extra gloss and protection. The visual sensation of metallic shine is highly demanded for aesthetic reasons. Manufacturers decide the size and shape of added metals according to the demand. It is preferred over basic paint colours due to its incident light reflection capabilities. It possess the ability to hide minor damages more effectively than solid paints.
Metallic oil paints are used in automobiles the most due to its ideal particle size and weight. Metallic oil painting is used to paint steel buildings as it improves the resistance of steel and provides protective coating. It helps in heat reduction and saves energy costs while prolonging its life.
Ease of Application to Boost Construction Segment
The construction segment to augment during the forecast period as metallic oil painting helps in protecting the surface from factors such as solar radiation, rain, insects, and other things. It is waterproof and improves the visual appeal of the surface. It also aids in increasing surface durability.
China to Lead the Market as it is the Largest Exporter in the World
China is expected to lead the global metallic oil paint market as it is the leading manufacturer of global automobile industry. China is also the leading region of construction industry.
Sherwin-William Launches New Colour Collection
Sherwin-Williams has recently launched new colour collection in its paint palettes that is known as ColorSnap. This new palette is personalized to provide exceptional results. The company also has colour tool that is technologically advanced to scan décor or furniture to match with the colour scheme.
The key players operating in the global (United States, European Union, and China) market are Zhongshan Binqisi, Shanghai Sanyin, Asia Paint, Tianjin Lions, Shanghai Kinlita, Plascon, UreKem, Coprabel, Meoded, Crescent Bronze, and Sherwin-Williams.
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