Press release
$580mn Hit in Aluminum Pigments Market by 2024 | Sun Chemical, ALTANA AG, Silberline®, Asahi Kasei America, The Metal Powder Company Limited, BASF
Aluminum Pigments
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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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.
Growth drivers
1. Rising demand in the automotive industry
2. Developing cosmetics sector
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. ALTANA AG
3. Sun Chemical
4. The Metal Powder Company Limited
5. Carlfors Bruk AB
6. Asahi Kasei America
7. METAFLAKE LTD
8. GEOTECH Special effect pigments
9. Carl Schlenk AG
10. The Arasan Aluminum Industries Ltd.
11. Zhangqiu Metallic Pigment Co.,Ltd.
12. MONO PIGMENT DEVELOPMENTS LIMITED
13. Hefei Sunrise Aluminium Pigments Co.,Ltd
14. Toyal America, Inc.
15. Silberline®
16. Nihonboshitsu Co. Ltd.
17. Alba Aluminiu
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 size will likely surpass USD 580 million by 2024; according to a new research report by Global Market Insights, Inc. Rising demand for cosmetic products will drive the aluminum pigments market throughout the forecast period. Global cosmetics sector is experiencing a boost due to rising income levels and purchasing power among consumers.
This trend has been more evident in the developing nations of Asia Pacific and other regions where improving economic condition and willingness to spend on personal grooming is driving the demand for cosmetic products. Aluminum pigments are used in cosmetic products such as lipsticks, nail polishes and pressed powders to impart metallic color and luster. It is also used as a substrate upon which another color can be precipitated. The product inhibits the flow of sweat and prevents bleeding effects in cosmetic products like lipsticks. Global cosmetics industry was valued at over USD 240 billion in 2016 and is expected to rise at a healthy rate till 2024.
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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.
Aluminum Pigments Market By Grade
• Leafing
• Non-leafing
Aluminum Pigments Market By End user
• Paints & coatings
• Plastic
• Personal care
• Printing inks
• Others
Browse key industry insights from the report, “ Aluminum Pigments Market ” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aluminum-pigments-market
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.
Related reports:
Pigments Market : https://www.gminsights.com/industry-analysis/pigments-market
Phosphorescent Pigments Market : https://www.gminsights.com/industry-analysis/phosphorescent-pigments-market
Pearlescent Pigments Market : https://www.gminsights.com/industry-analysis/pearlescent-pigments-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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