Press release
Aluminum Pigments Market Size by Key Players: BASF, Altana, Sun Chemical Corporation, Metal Powder Chemical Ltd., Metaflake Ltd., Carl Schlenk, Toyal America, Inc, Nihonboshitsu Co. Ltd., Alba Aluminiu
Aluminum Pigments Market
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Growing demand for aesthetically improved automobiles with lustrous paint is probable to augment the global aluminum pigments market by 2024. In 2016, global passenger car sales surpassed 35 million units, with more than 24 million units in China. The product features driving its demand in the forecast period include better abrasion and corrosion resistance coupled with rising product application in exterior and interior coatings, automotive OEM parts and repair & refinishing works
Based on grade, global aluminum pigments market is segmented as non-leafing and leafing. Leafing grades are mostly used in printing inks and cosmetic products to increase the brightness and impart a lustrous effect on the surface. Non-leafing grades impart a more long-lasting effect on the coated surfaces and are resistant to abrasion and corrosion owing to which they are extensively used in automobile paints. Growing automobile industry will positively affect the demand for non-leafing grades and augment the entire aluminum pigments market.
Aluminum pigments market is segmented into five end-user categories including personal care, paints & coatings, plastic, printing inks, and other end-users like construction materials. Plastic end-user category will grow with CAGR exceeding 6% and its market value is estimated to be above USD 110 million by 2024. This segment is projected to grow due to increased demand for plastic products from various sectors. Personal care end-user segment is estimated to generate a revenue exceeding USD 55 million in 2024, growing by a CAGR exceeding 6.5%. This is one of the quickest growing end-user segment owing to the booming demand for personal care products across the globe.
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Aluminum Pigments Market By Grade
• Leafing
• Non-leafing
Aluminum Pigments Market By End user
• Paints & coatings
• Plastic
• Personal care
• Printing inks
• Others
North America will generate revenue over 130 million in the forecast period, rising with nearly CAGR 6%. Growing automotive industry, decorative coatings market and the stable demand for cosmetic products are likely to drive the regional market in the forecast period.
Aluminum pigments market is characterized by moderate consolidation with major players like Silberline, Altana, Carlfors Bruk, and. Carl Schlenk occupying almost one third of total share. Sun Chemical, Metal Powder Chemical, BASF SE, Asahi Kasei Corporation, Mono Pigment Developments Limited, Alba Aluminiu, etc. are other important players in the aluminum pigments market.
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