Aluminum Pigments Market Growth Drivers, Regional Trends and Forecasts to 2028
The global aluminum pigments market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth are increasing demand in automotive sector, rapid development of smart cities, rising cosmetics sector, technological advancements, and rising investments in R&D activities to develop innovative products globally.
Aluminum pigments are mainly used as coatings in a variety of end-use verticals such as consumer electronics, automobiles, and others. Aluminum pigments are manufactured through a wet-milling process that uses mineral spirits or other solvents. They have an ability to provide any product a metallic look and offer a variety of benefits such as ability to withstand chemical attacks, constant weather changes, high or harsh temperatures, and properties such as strength, acid resistance, corrosion resistance, durability, and others. Increasing demand for appealing and decorative labels in the food and beverage industries, rising popularity of color cosmetics and rapid advancements in printing industry are another factors expected to drive market growth going ahead.
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Top Players in the Global Aluminum Pigments Market:
- Hefei Sunrise Aluminium Pigments Corporation
- BASF SE
- Asahi Kasei Chemicals Corporation
- Metaflake Ltd.
- Kolortek Corporation Ltd
- Carl Schlenk AG
- Toyal America, Inc.
- Silberline Manufacturing Corporation
- Sun Chemical
Revenue growth of the global aluminum pigments market is significantly driven by rising demand for such pigments in various end-use verticals such as automotive, construction, building, chemicals, and others due to their superior properties such as resistance to discoloration, corrosion, weather, chemical attacks and harsh temperatures. In addition, rapid urbanization and supportive government initiatives to develop advanced infrastructures are other factors positively contributing to market revenue growth during the forecast period.
The global aluminum pigments market growth is substantially hampered by several unfavorable factors. Stringent government regulations on mining activity around the world and readily availability of substitutes in global market are factors expected to negatively impact market revenue growth over the forecast period. In addition, environmental impact of solvent borne coatings, ill-effects of volatile organic compounds, and adverse health issues associated with usage of aluminum pigments are other factors expected to cause a slow-down in market revenue growth to a certain extent.
Market segmentation based on Type Outlook:
- Non- Leafing
- Printing Inks
- Paints and Coatings
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Aluminum Pigments market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Aluminum Pigments market?
- Which regional market is expected to lead in terms of revenue share in the global Aluminum Pigments market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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