Copper Pigments Market Highlights

The global copper pigments market was estimated at USD 12.00 billion in 2024, which is expected to reach USD 21.59 billion at a CAGR of 6.05% during 2024-2034.

Copper pigments are powdered copper metal, obtained by finely grounding said copper metal. The copper pigments industry has been crucially involved in enabling on-scale use of inkjet technology owing to copper phthalocyanine-based dyes that supplied superior color, strength, reliability, and resistance to fading upon exposure to light (termed ‘lightfastness’) relative to earlier dyes molecularly structured upon hydrocarbon triphenylmethane. Also, in the build-up to the 21st century, efforts were directed toward the development of copper phthalocyanine-based cyan dyes to help formulate advanced counter-properties about fading upon washing (in other words, to help achieve better water-fastness values of dyed/printed textiles). Moreover, copper carbonate-based pigments are extensively employed in the ceramics, glass, and coatings industries.

The copper pigments market is anticipated to advance further by way of market growth in the coming future. A rise in demand for strong, reliable, and resistant colorants in a host of end-use industries such as those associated with motor vehicles, is a potent driver. On top of that, the ballooning of a global and collective conscience striving to be mindful of the impact on climate of human activities, continues to facilitate the adoption of copper pigments owing to their eco-friendly properties. Copper pigments are notably considered in the market because they are not constituted by heavy metals, which are concerningly carcinogenic and poorly affect DNA, proteins, and lipids, causing considerable health and environmental fallouts. The copper pigments market also gains from the rise in demand for products placed within the luxury segment, which in turn feeds on increasingly available disposable incomes, evolving lifestyle choices, and accelerated urbanization.

Copper Pigments Market CAGR

2024-2034

CAGR OF

6.05%

Copper Pigments Market

However, constraints exist in the copper pigments industry. According to The Times of India’ report, in2021, it is noted that spikes in production costs (by as much as 150%, due to spikes in costs of energy) a lack of availability of raw materials (including cuprous chloride) and limitations imposed on producers’ working capital (due to revision of terms of payment by suppliers) forced manufacture of blue pigments to be severely reduced, followed by a global shortage of paints of blue and associated shades. The concern crucially comes from the fact that Gujarat globally supplies roughly 59% of the annual supply of blue pigment, which among other uses, finds considerable usage in the automotive sector.

The potential for growth in the copper pigments market is evidenced by the technological upgradations being continually pursued, along with the promise presented by copper-based nanomaterials in many studies about their use as nano-fertilizers to better the nutritional profile of crops and diminish the chances of diseases, allowing for an increase in crop yields and ensuring food safety. Said potential is also demonstrated by the expected continued expansion of industrial infrastructural undertakings, accelerated growth of automotive, and increasing demand for copper pigments for packaging purposes.

Several acquisitions, product launches, and partnerships in the copper pigments market have been directed in recent years, which would boost the overall copper pigments market. Some of them are:

•    On 27 February 2024, ‘Eckart’ announced the acquisition of ‘Silberline’ (global leader in production of aluminum effect pigments) by ‘ALTANA’, strategically expanding the latter’s research infrastructure, specifically in North America and Asia. ‘Silberline’, headquartered in Pennsylvania, develops and manufactures effect pigments employed in automotive coating, printing inks, protective coatings, packaging, etc.   
•    On 26 March 2024, ‘Sun Chemical’ announced plans to present pigments promising sustainability within plastics industry at ‘Chinaplas 2024’ in Shanghai, China. Said pigments and presentation form part of a strategy to expand into the Asia-Pacific region. Sustainable solutions offered will address inefficiencies and such in automotive coloring, consumer goods packaging, colorants, and plastic recycling-pigments.
•    Recently ‘Heubach Group’, announced that the company has entered a partnership with ‘Evonik Coating Additives’ to jointly develop sustainable ink pigment solutions for the printing industry. The former specializes in colorant technology, while the latter specializes in additive technologies. An ever-increasing climate-concerned conscience paired with strict regulation of involved industries have engendered this partnership in response.

Copper Pigments Market Segments’ Analysis

Copper Pigments Market

By Application

Coatings

Cosmetics

Construction

Others

The Market will Grow

At the CAGR of:

6.05%

The Forecast Market

Size for 2034 in USD:

$21.59B

The market is segmented based on type, application, and region.

Based on type, the market is segmented into Copper Phthalocyanine Pigments and Copper Carbonate Pigments.
Copper phthalocyanine pigments accounted for the largest market share in 2023, owing to their strong hues of blue and green, resulting in applications within the paint, plastic, and ink industries.

Copper Pigments Market

By Type

XX%

Copper Phthalocyanine Pigments

Copper Carbonate Pigments

Others

12.00

Total Market Size

USD (Billion), 2024

6.05%

CAGR

2024 - 2034

Copper carbonate pigments produce a variety of shades, and are hence applied in the ceramics, glass, and coatings industries. 
The stable nature and qualitative edge of both pigments over other options are notable.

Based on application, the market is split into Coatings, Cosmetics, Construction, and Others.
In the coatings industries, copper pigments enable color enhancements and supply paints, inks, and plastics with metallic effects. 
In the cosmetics industries, copper pigments are integral to the formulation of make-up products to allow for qualitative enhancements in their aesthetic appeal for customers. 
In the construction industries, copper pigments are utilized in the application of coatings to concrete. Copper pigments are also present within printing inks, textile dyes, ceramics, and plastic materials, to help make products durable and visually appealing.

Copper Pigments Market Regional Analysis

Copper Pigments Market

By Region

The Market will Grow

At the CAGR of:

6.05%

The Forecast Market

Size for 2034 in USD:

$21.59B

Geographically, the copper pigments market operates across North America, Europe, Asia-Pacific, South America, and the Middle East, and Africa. 
USA has been a dominant force within North America owing to the extent of construction (residential/commercial/industrial) causing demand for architecture-suitable coatings using pigments (such as copper phthalocyanine-based ones) that promise durable results. 
Product launches/innovations aimed at, and industrial expansion of operations (from manufacturing/production to research and development) geared toward China and other Asia-Pacific countries have also been notable, with the characteristic focus on sustainability among these strategic measures being of particular importance.

Copper Pigments Market Key Players

The global copper pigments market is characterized by strategies of collaborations and partnerships, product launches and innovations, and commercialization. Prioritizing research and development investments along with staying abreast of technological advancements being pursued is also of crucial importance, to sustain market growth and consolidation.

In recent years, the market has witnessed several developments as companies strive to expand their product portfolios, geographical reach, and market share. For instance:

•    On April 2022, ‘Vibrantz Technologies’ announced the completion of acquisition of ‘Ferro Corporation’ by ‘Prince International Corporation’. Upon combining with ‘Chromaflo Technologies’, the newly-formed entity was named ‘Vibrantz Technologies Inc.’. ‘Chromaflo Technologies’ is noted to be an international supplier of colorants and associated technologies. The newly formed company, Houston-based, is aimed at developing into a leading supplier of solutions for colorants, coatings, and additives; it is noted to operate 64 manufacturing units across 6 continents.  

The prominent players in this market are BASF SE, ECKART, Sun Chemical, Clariant, DIC Corporation, Huntsman Corporation, LANXESS AG, Heubach GmbH, Jeco Pigment USA Inc., Sudarshan Chemicals Industries Ltd., Meghmani Pigments, Vibfast Pigments Pvt. Ltd., Trust Chem Co. Ltd., Sanyo Color Works Ltd., Vibrantz Technologies, and Sensient Technologies Corporation.

Copper Pigments Market Scope: