Globally, the market for aluminum pigments is set to be the fastest growing market in the coming years, owing to the rising demand for aluminum pigments based paints & coatings from construction and automobile industry. Aluminum pigments are extensively used in the colored coatings manufacturing and also they resist chemical attacks, discoloration, weather, and harsh temperatures. Aluminum pigments is getting high demand owing to the growing awareness of coatings products with low carbon footprints, which is anticipated to drive the demand over the forecast period.
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Global Top 10 Key Players
Some of the prominent players operating in the global aluminum pigment market are BASF SE (Germany), Kolortek Co., Ltd (China), Carl Schlenk AG (Germany), Silberline Manufacturing Co., Inc. (U.S.), AMETEK.Inc. (U.S.), GEOTECH (the Netherlands), HEFEI SUNRISE ALUMINIUM PIGMENTS CO., LTD. (China), Asahi Kasei Chemicals Corporation (Japan), Toyal America, Inc. (U.S.), and Metaflake Ltd (U.K)
- Aluminum pigment manufacturers
- Traders and Distributors of aluminum pigment
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
As per our analysis, some of the prominent market factors and trends identified in the global aluminum pigment market include increasing industrialization also increases the growth of aluminum pigments based protection paints & coatings for industrial machinery. Increasing consumer demand for specialty products and attractive packaging has made aluminum pigment an ideal option for printing decorative labels and eye-catching in the food & beverage industry. Thus, aluminum pigments based printing inks market is anticipated to grow over the forecast period.
The global aluminum pigment market is categorized on the basis of form, end use industry, and region. On the basis of form, the market is bifurcated into paste, powder, and pellets. On the basis of end user industry, the aluminum pigment market is categorized into paints & coatings, printing, cosmetics, plastics and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
The global aluminum pigment market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, North America is predicted to grow with the highest CAGR during the review period, 2017 to 2023 on account of expanding aerospace and defense sector.
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Moreover, demand for aluminum pigment is predicted to witness significant growth over the assessment period due to surging plastics industry. As a recyclable material, plastic provides environmental benefits such as waste reduction and energy savings is fuelling the aluminum pigment utilization as a colorant. Aluminum pigments possess resistive properties especially against chemical attacks and weather. Moreover, growing industries such as automobile, aerospace and furniture provide momentum to the aluminum pigments also utilized as colorant. Additionally, rapid urbanization coupled with the increasing disposable income in the emerging economies is predicted to propel the growth of the market during the assessment period, 2017 to 2023. However, implementation of strict regulations by various government bodies have restricted the use of toxic organic chemicals used in the production of aluminum pigment, which is expected to hamper the growth of the market.
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