Overview:
Aluminum is widely utilized for multiple applications in the automobile industry. Aluminum powders, pastes, and flakes are used in automotive paints and by OEM for coatings of high-duty engine components and brake linings. Aluminum pigment consists of small flake particles, which are processed into high metallic lusture. Aluminum powder is polished in a ball mill in the presence of mineral spirits such as oleic acid leading to formation of thin particles in the form of flakes.
Based on product type global aluminum paste market is segmented into leafing and non-leafing type. Applications such as anti-corrosion paints, reflective roof coatings and printing inks utilize more than 90% of the leafing type aluminum paste. On the other hand, non-leafing paste is heavily used for colored paint pigments in industrial finishes such as hammer finish, coil coating, and automotive paints. Moreover, aluminum paste are deployed as thick paste on the back of silicon layer during the manufacture of solar cells, which creates new market opportunities in the field of renewable energy. production. Apart from that, in the paint industry these pastes witness demand in the production of silver pigments.
Geographically, North America dominates the global market owing to presence of established automobile industry in the region. However, Asia-Pacific market is expected to rise at a rapid pace in terms of demand owing to increasing consumption of aluminum paste among developing economies such as India and China. This has resulted in industry player’s inclination towards setting up new plants in these regions.
The market is witnessing significant growth owing to growing use of aluminum paste in photovoltaic systems and electronics, which is also witnessed to be a recent trend in the market. It is nonpyrophoric material, which is majorly beneficial in applications, which involve handling of inflammable and explosive-materials. In addition, aluminum also deflects its property of insulation, which supports its increasing market penetration in the electronics sector. Apart from this, excellent brightness attained gives the surface an attractive look. Aluminum pastes when mixed in coatings imparts a metallic shine to the surface, which makes it highly reflective. Growing use of aluminum paste in the interior of car body to attain good color harmony between car and body parts acts as a significant opportunity for market demand. Rapid adoption of aluminum paste by automotive OEM for coatings of high-duty engines and brake linings along with growth of motor vehicle production are some of the major factors driving the market growth.
Key Players Identified for Aluminum Paste Market Include:
The market is fragmented and characterized by the presence of numerous private players. Key aluminum paste manufactures are highly investing in research & development for new improved products. For example, Monocrystal (leading supplier of PV metallization paste) has introduced new aluminum metallization paste to be utilized in Emitter Rear Contact (PERC) solar cells. This paste is developed to maintain the conductivity of aluminum layer as well as enhance the contact efficiency of laser pattern solar cells by 17%. The report also includes the study of developmental and marketing strategies as well as product portfolios of leading companies. Global players profiled in the report include: - Lucas-Milhaupt, Inc., AVL Metal Powders, Hebei Canri Chemical Co.; Ltd., Toyo Aluminium, Dupont, Anhui Xuyang Metallic Pigments Co. Ltd., BioTio Group, Aldoro, Silberline Manufacturing Co.; Inc., Monocrystal and other notable players.
Global aluminum paste market is segmented on the following basis:
Key Trends:
