Press release
Silberline, Altana Profiled In Aluminum Pigments Market Analysis to 2024 - Sun Chemical, Metal Powder Chemical, BASF SE, Asahi Kasei Corporation, Mono Pigment Developments Limited, Alba Aluminiu
North America share of the aluminum pigments market is estimated to be above 130 million by 2024, increasing with CAGR of almost 6%. Steady demand for cosmetic products coupled with a growing automotive and decorative coatings market will be the chief drivers in North America. Latin America is one of the quickest growing aluminum pigments market with CAGR exceeding 6.5%. This region is estimated to earn a revenue above USD 30 million by the end of 2024. Healthy growth in construction industry will increase the demand for paints & coatings which will in turn propel the aluminum pigments market in this Latin America.
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This Report Focusing on Following Key Manufactures By Primary & Secondary Reserarch- 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
Usage of aluminum pigments in solvent medium may lead to serious impacts on the environment. Solvent borne aluminum coatings emit a considerable amount of volatile organic compounds (VOC) which are easily converted to carbon dioxide by the oxidizing effect of sunlight. VOCs may also react with other air pollutants to produce ozone. Both carbon dioxide and ozone are serious air pollutants. Prolonged exposure to photochemical reactions of VOCs may lead to toxicity in human health and create serious health problems. These reasons pose a serious challenge for the participants in aluminum pigments market as end-user companies may look for other safer alternatives.
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.
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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
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