Navigating the coronavirus pandemic will be a challenge for pigment producers.
Anthony Locicero, Associatie Editor07.27.20
The global special effect pigments market is expected to hit $969.2 million by 2022, according to MarketsandMarkets. Global Market Insights, Inc. expects the metallic pigments market to be worth more than $2.3 billion by 2024.
Navigating the coronavirus pandemic will be key to reaching these figures.
As Joanne Mitchell, global product manager, metallic effects, Sun Chemical Performance Pigments, noted, “the pandemic has created a high level of uncertainty in the world.
“This global crisis has impacted people in all regions of the world with each country at a different stage of recovery. It has caused temporary shutdowns in the major pigment producing markets like China and India,” Mitchell said.
“Early on when the pandemic was first breaking out, there was some initial supply tightness around certain solvents that are also used in sanitizing products,” said Neil Hersh, head of marketing and technical services at ECKART America Corporation. &ld
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