Aluminum Pigment Market Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Posted May 28, 2021 by paulmathew

The global aluminum pigment Industry held USD 441.87 million in 2020 and is expected to grow at a CAGR of 6.0% from 2020-2030.
The global aluminum pigment Industry held USD 441.87 million in 2020 and is expected to grow at a CAGR of 6.0% from 2020-2030. Aluminum pigment is basically a pearlescent pigment based on oxide from aluminium. Pigments are primarily compounds which give substrates different colours. It also gives silver colour with metallic texture. In addition, pigments also offer shiny, lustrous, and brilliant results. These aim to improve opacity, chemical and weather resistance, plastics rapidity and durability, printing inks and coatings and colors. They are made from paste, powder, and flakes of aluminum and are manufactured through the process of wet-milling.

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The global demand for aluminum pigment market is predicted to be experiencing substantial growth over the forecast period. In a number of uses, aluminum pigment are used, including protective coatings, automotive coatings & paints as well as cosmetics contributing to the overall aluminum pigment market share. The product comes in three main forms, namely powder, pellets, and paste. Due to desirable properties such as the ability to withstand chemical attacks, frequent weather shifts, high temperatures and discolouration, aluminum pigment are widely used in paints & coatings. Growing in the aluminum pigment market trends for attractive and decorative food & beverage labels in the printing industry is expected to increase the aluminum pigment market. Furthermore, the booming automotive industry is expected to further boost demand for paints & coatings based on aluminum pigment adding to the overall aluminum pigment market size.

As part of geographic analysis, the aluminum pigment industry includes key regions of the world, namely North America, Central & South America, Europe, Asia Pacific and Middle East & Africa. North America is anticipated to have the large aluminum pigment market share over the coming decade. Growth in the region's automotive and aerospace sector is expected to drive the region's aluminum pigment market size.

The aluminum pigment market demand is projected to increase in the coming years because of the multiple manufacturers increasing their production capacities, increased consumption potential and rise in the economic growth rates across the globe, demand for the product is projected to increase. Asia Pacific is anticipated to be the fastest-growing aluminum pigment market in the forecast years, with countries like India and China developing crude oil processing methods and expanding their oil refineries. This will also impact the aluminum pigment industry demand in the industrial paints & coatings.

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Developed Western European countries and high living standards will increase the region's aluminum pigment market demand in the coming years. Europe accounted for more than a quarter of the global share in 2016, but will witness sluggish growth in aluminum pigment market size by below CAGR 6.2% due to market saturation and shift of industrial activity to Asia Pacific.

The major players of global aluminum pigment industry include, Toyal America, Inc., Carl Schlenk AG, Asahi Kasei Chemicals Corporation, Hefei Sunrise Aluminium Pigments Co., GEOTECH, AMETEK. Inc., BASF SE, Metaflake Ltd., Kolortek Co., Ltd, and Silberline Manufacturing Co., Inc.
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Last Updated May 28, 2021