Infinium Global Research has recently published a report on “Aluminum Pigment Market (Type - Leafing, and Non-leafing; Form - Powder, Paste, Flakes, and Pellets; Application - Plastics, Paints and Coatings, Construction Materials, Personal Care Products, and Printing Inks): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025”. The report finds that the market is projected to grow at a CAGR of 6.27% over the forecast period of 2019-2025.
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Aluminum Pigment Market: Drivers and Restraints
Aluminum pigment is used for painting and coating in the automotive and construction industry owing to its physical and chemical properties such as the ability to resist chemical attacks, constant weather changes, high temperature and discolouration. In addition, growing demand for cosmetic products is anticipated to boost the growth of the aluminum pigments market. However, the serious environmental impact by solvent-based applications is the major restraining factor for the growth of the aluminum pigments market. Nonetheless, expanding the automotive sector and the advent of low VOC aluminum pigments are anticipated to offer good opportunities for the key manufacturers in the aluminum pigments market.
Aluminum Pigment Market: Segmentation
This report gives an in-depth analysis of the global aluminum pigments market, focuses on market opportunities along with the trends driving the market. The report on global aluminum pigment market covers segments such as type, form and application.
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Based on type the sub-markets include leafing and non-leafing. Leafing pigments orient on the surface of the coating film and non-leafing pigments orient throughout the film leaving a resin layer on the surface. Non- leafing grades find increasing application in the automobile sector due to its non-corrosive and non-abrasive properties. Non- leafing grades also imparts long-lasting effect. The non-leafing segment is influencing the growth of the global aluminum pigment market over the forecast period.
Based on form, the sub-markets include powder, paste, flakes, and pellets. Aluminum powder is used to create silver metallic pigments. Pigments made with aluminum powder are used in electronics, packaging and in the automotive industry as coatings. Aluminum powder is expected to show considerable growth over the forecast period owing to its odourless, lightweight, high melting properties. In addition, powder form is cost-effective.
Based on application, the sub-markets include plastics, paints and coatings, construction materials, personal care products and printing inks. Paints and coatings segment is anticipated to propel the global aluminum pigments market over the forecast period.
Aluminum Pigment Market: Competitive Landscape
Major Key Players in the market are ALTANA AG, Asahi Kasei Corporation, BASF SE, Silberline Manufacturing Co., Inc., Carl Schlenk AG, Hefei Sunrise Aluminium Pigments Co. Ltd, Carlfors Bruk AB, Metaflake Ltd., Sun Chemical Corporation, FX Pigments Pvt. Ltd., and other companies. BASF to Sell Global Pigments Business to DIC Corp. The acquisition will broaden DIC’s portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, plastics, inks and speciality applications, by creating a pigments supplier that offers customers an even wider range of versatile solutions.
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Aluminum Pigment Market: Regional Analysis
Regionally, Asia Pacific held the highest market share, dominating the global aluminum pigments market. Developments in crude oil processing and a growing number of petroleum refineries in China and India will boost the market in this region over the forecast period. Furthermore, the dominance of manufacturing base and development of printing inks and plastic enterprises will drive the growth of the market over the forecast period. The European Aluminum pigments market held the second largest market share, globally. This region is expected to show significant growth due to high demand for paints & coatings in the production of automobile components. Moreover, the high standard of living in the region fuels the demand for aluminum pigments in coatings of food cans.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the aluminum pigments.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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