Aluminum Paste Market by Type (Leafing, Non-Leafing) by Distribution Channel (Plastic Coatings, Printing Inks, Automotive Coatings, Plastic Paints, Architectural Coatings, Others) : Global Industry Size, Share, Statistics and Forecast 2015 - 2027

Aluminum paste is nothing but a figment of the dust of aluminum metal. Aluminum paste is widely used in paints, coatings, and inks. Key raw materials used in the manufacturing of aluminum paste aluminum powder or milled flake powder. Aluminum paste is manufactured via the web ball milling process. 

The global aluminum paste market will likely grow from USD 707.15 million in 2020 to USD 1,310.80 million in 2027. Overcoming the negative impact of COVID-19, the aluminum paste industry is likely to exhibit a CAGR of over 6.79% during the forecast period. Rapid vaccination program across the world has resulted in the confinement of COVID-19, which in turn helps to restore economic activities all over the world.

Interesting Facts about Aluminum Paste Industry

• Aluminum paste is manufactured via a wet ball milling process
• Aluminum paste is nothing like metallic pigment
• The printing inks segment is projected to offer the highest incremental opportunity in terms of revenue
• The market size of aluminum paste will increase by over USD 300 million in the Asia Pacific between 2021 and 2027
• The top six players held just under 165% share in the global market

Solid Growth of Paints and Pigment Industry

The paint and pigment industry segment is dominating the aluminum paste market in 2020 and will continue its dominance in the forecast period. Aluminum pastes have special properties that give different appearances to the paints is one of the high-impact driving factors for its growing adoption in the paint and pigment industry. Additionally, it's anti-corrosion, and anti-wear properties that prevent cracks and provide long life for paints are some of the other important factors contributing to the segment's growth. The aluminum pigment absorbs the light of the particular wavelength and reflects the other, adding a sparkling effect to the paint coating. The effect is determined by the quantity of pigment used. The global paints and coating market was valued at just under USD 150 billion in 2020 and is expected to reach over USD 185 billion by the end of 2027. This, in turn, will drive the demand for aluminum paste over the forecast period.

Printing Inks to Drive the Demand for Aluminum Paste 

The global printing ink market was valued at around USD 18 billion in 2020. Aluminum Paste is widely used in printing ink applications, and it’s one of the largest application markets for Aluminum Paste, with over 25% share in total volume consumption and revenue generation. Aluminum Paste has a very good substrate and intercoat adhesion properties suitable for printing on various substrates, including flexible packaging and plastics. Furthermore, as metallic printing inks are used in various applications, the demand for aluminum paste is also growing.

COVID 19 and Availability of Substitutes to Confine Market Growth

COVID-19 and its economic consequences affected market growth to a significant extent. As a result, the aluminum pastes industry witnessed a 17.31% decline in its revenue in 2020 compared to 2020. However, in the event of rapid vaccination programs undertaken by many countries, the economic activities and, in turn, demand for aluminum pastes is likely to restore. However, the availability of substitutes will be another major concern for aluminum paste manufacturers.

Huge Growth Opportunity in the Asia Pacific

Although the Asia Pacific is dominating the overall demand for aluminum paste at this point time, there is huge growth potential in the region over the forecast period. However, per capita consumption in the region is very low compared to North America and Europe. With growing Type industries such as automotive paints and coating, architectural coatings, printing ink, etc., the demand for aluminum paste is rising. Automotive coatings are the leading segment of aluminum paste with over 30% share in total volume consumption.

Lucas-Milhaupt, Inc., AVL Metal Powders, Hebei Canari Chemical Co.; Ltd., Toyo Aluminium, SCHENK, Anhui Xuyang Metallic Pigments Co. Ltd., BioTio Group, Aldoro, Silberline Manufacturing Co.; Inc., Nihonboshitsu, Mepco, and Rusal are some of the major players operating in the global aluminum paste industry. The top six players held just under 15% share in 2020. The global aluminum paste is highly fragmented, with many medium and large players operating in each region. Key players focus on capacity expansion and extensive R&D to develop and offer innovative products with increased application areas.

Frequently asked questions about the global Aluminum Paste industry.