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Aluminum Pigment Market By Grade (Non-leafing, Leafing), By Source (Powder, Paste, Flakes, Pellets), By Application (Paints And Coatings, Plastics, Construction Materials, Personal Care Products, Printing Inks) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

The aluminum pigment market is expected to reach US$ 735.7 million by 2026, growing at a 6.2% CAGR from 2018 to 2026. In 2017, Asia Pacific led the aluminium pigment market, and North America is estimated to be the fastest-growing region between 2018 and 2026.

Aluminum pigment is basically a pearlescent pigment that is based on aluminium oxide. Pigments are mainly compounds that impart various colors to substrates. It also imparts a silver color with metallic effects. Additionally, pigments also impart glossy, lustrous, and shiny effects. These aim to improve the opacity, chemical and weather resistance, fastness, and durability of plastics, printing inks, paints, and coatings. These are produced from aluminium paste, powder, and flakes and are produced through a wet milling process. Aluminum pigment also changes the color of reflected light due to selective wavelength absorption. The sparkle effect is basically determined by the quantity of pigment added. They are used in a variety of applications that include paints and coatings, cosmetics, and plastics, among others.

Growing demand from the personal care industry owing to the rising demand for cosmetic products is one of the important factors that is expected to drive the global aluminium pigment market. Aluminum pigment imparts metallic luster and color to various cosmetic products that, include nail polishes and lipsticks, among others. It is also used as a substrate on which different colors can be precipitated. These pigments also aim to reduce the bleeding effects in lipsticks and inhibit the flow of sweat. Hence, with the increase in demand for cosmetic products, the global market for aluminium pigment is expected to grow at a steady rate during the forecast period from 2018 to 2026. Aluminum pigments also find application in printing decorative and eye-catching labels in the food and beverage industry. Hence, growing demand from the food and beverage industry is also expected to propel market demand for aluminium pigment. The increase in construction business owing to the increase in residential and non-residential infrastructure projects is also expected to bolster market growth. Increasing demand from automobiles and paints and coatings are other primary factors expected to drive market growth during the forecast period from 2018 to 2026.

However, aluminium pigment applications in solvent medium lead to a serious impact on the environment. The reason for this is that solvent-borne aluminium coatings emit volatile organic compounds, which get converted to carbon dioxide with the help of the oxidizing sunlight effect. Volatile organic compounds also react with air pollutants to produce ozone. Both ozone and carbon dioxide are air pollutants. In addition, prolonged exposure to the photochemical reactions of volatile organic compounds leads to toxicity in humans and also causes health problems. Rising awareness among consumers for environmental safety, followed by increasing demand for natural paints and coatings, is expected to hamper the market growth of aluminium pigment during the forecast period from 2018 to 2026.

Market Overview, Volume, and Value (Kilo Tons) (US Dollar Millions)

Aluminum Pigment Market Growth Driven by Non-Leafing Segment

Non-leafing grades are resistant to corrosion and abrasion and also aim to impart a long-lasting effect on coated surfaces. Due to these properties, it mainly finds increasing application in automobile paints. Hence, with the growing automobile industry worldwide, the demand for the non-leafing segment is expected to rise during the forecast period from 2018 to 2026. Increasing application in food packaging is also expected to boost demand for this segment. Silberline Manufacturing Co. Inc., based in the U.S., deals with various non-leafing industrial coatings that include standard non-leafing, sparkle silver, and silbercote. Standard non-leafing is used where a typical metallic appearance is required. The metallic appearance produced by these grades ranges from muted to a standard silver appearance. Sparkle silver pigments aim to enhance the metallic silver color and sparkle. Silbercote aluminium pigments are applied to architectural extrusions, component housings, and certain coil coating applications. Leafing grades are also expected to grow at a rapid pace owing to their wide application in cosmetic and printing inks that basically offer a lustrous effect on surfaces, thereby increasing the brightness.

Aluminum powder is propelling the aluminium pigment market forward.

Aluminum powder is expected to show stable growth during the forecast period owing to its various chemical properties and increasing applications in industrial coatings, automotive, sparkles, glitters, and paints, among others. This powder is odorless, highly flammable, and light in weight. These are mainly used in industrial applications, followed by automotive and chemical ones. Aluminum powder plays an important role in enhancing the efficiency of solar cells and thereby improving the conduction properties of the cells. In addition, owing to their low cost and high melting points, these are also used in welding applications. Aluminum powder also finds application in the manufacture of silver metallic pigments that enhance the visual appearance of paints, plastics, textiles, and coatings, among others. In the construction industry, aluminium powder mainly finds application in reflective roof coatings, lightweight concrete, and paints, among others. Hence, with the growing construction industry worldwide, the demand for aluminium powder is expected to rise, which in turn is driving the global aluminium pigment market during the forecast period from 2018 to 2026.

Paints and coatings are the largest application segment in the global aluminium pigment market.

Aluminum pigment aims to offer a metallic effect as well as various technical functions that include reflection, conductivity, and corrosion protection. The growing application of aluminium pigment in automotive paints and coatings that aims to enhance aesthetic properties is mainly bolstering the market growth. In the automobile industry, aluminium pigments are mainly used in interior coatings, OEM coatings, wheel coatings, automotive accessories, and refinishes, among others. With the rising consumer preference for high-performance aluminium pigment with various attractive aesthetic features, the demand for it is expected to rise, which in turn is propelling the growth of this segment in the next seven to eight years. In addition, owing to the selective absorption property of aluminium pigment, it plays an important role in enhancing the appearance of paints in the automotive and construction sectors, thereby driving the market growth.

Trends show that key manufacturers are focusing on product expansion in the aluminium paints and coatings segment to meet the growing demand from the automotive industry. For example, in June 2018, BASF extended its production capacity for Paliocrom® effect pigments under its global brand Colors & Effects. This extension will facilitate the company's ability to meet the growing demand for aluminium-based pigments in automotive coatings. The company invested €15 million in the production capacity in Germany and expects that by 2020, the production will increase by more than 30%.

Asia Pacific is the largest region in the global aluminium pigment market.

Globally, Asia-Pacific accounted for the largest value and volume share of the aluminium pigment market. The growth is mainly attributed to the growing automobile and construction industries. In 2017, China was the leading country owing to the increasing application of aluminium pigment in passenger cars. Hence, with the increasing demand from passenger vehicles, the demand for aluminium pigment is expected to rise in this country. North America is expected to be the fastest-growing segment in the global aluminium pigment market owing to the increasing application of aluminium pigment in cosmetic products coupled with growing decorative and automotive coatings. The Latin American market is also expected to grow owing to the healthy growth of the construction industry, which in turn is expected to augment the market demand for paints and coatings.

New product development is one of the key strategies adopted by manufacturers.

Key players operating in the global aluminium pigment market include Asahi Kasei Chemicals Corporation, Carl Schlenk, Silberline, Hefei Sunrise Aluminum Pigments Co., Ltd., Carlfors Bruk, Metaflake Ltd., Toyal America, Inc., ECKART Effect Pigments, BASF SE, and Sun Chemical Group, among others. In April 2016, Sun Chemical, based in the U.S., launched Benda-Lutz® COMPAL WS, an innovative range of highly concentrated and VOC-free aluminium pigment for inks and coatings applications. This new product aims to provide maximum formulation flexibility and mainly finds application in solvent- or water-based systems. The product also aims to meet the tight environmental regulations on volatile organic compounds and provides various advantages in terms of storage, shipping, dosing, and handling.

Periods of History and Forecast

This research considers 2017 as the base year and presents an analysis of segments from 2016 to 2026. In addition, the forecast period from 2018 to 2026 is considered for the compound annual growth rate (CAGR) calculation for each respective segment.

Report Scope by Segments

The aluminium pigment market report represents an understanding of the current market dynamics and strategies. It also focuses on a quantitative and qualitative analysis of the overall market. The report covers the global aluminium pigment market by categorizing it in terms of grade, source, application, and geography. Publishing this broad research report aims to aid aluminium pigment market stakeholders and professionals in making strategic initiatives and decisions in the aluminium pigment market.

This research report describes leading continents and their major countries, along with profiles of key players operating in the overall market and their planned developments. Our report further defines the overall market dynamics, such as drivers, challenges, and opportunities prevalent in the market, to understand the global elastomers market more explicitly. Our in-depth quantitative and qualitative analysis of each segment up to the country level highlights revenue pockets and investment opportunities in the market.

Key questions are answered in this report.

  • Who are the distributors, traders, and dealers of aluminium pigment?
  • What is expected to be the largest grade, source, and application segments in the market during the forecast period from 2018 to 2026?
  • What are the fastest-growing segments in the market for the forecast period?
  • What are the current market trends in the aluminium pigment market, and what opportunities do the players have?
  • How does the regulatory framework affect global as well as regional markets?
  • Which are the key players operating in the global market, and what are the strategies they have adopted?
  • What are the sales, revenue, business strategy, and product portfolio of the top manufacturers in the aluminium pigment market?
  • What are the market size and trends in emerging and developed markets?

Frequently Asked Questions:

The market for Aluminum Pigment Market is expected to reach US$ 735.7 Mn 2026.

The Aluminum Pigment Market is expected to see significant CAGR growth over the coming years, at 6.2%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Asahi Kasei Chemicals Corporation, Carl Schlenk, Silberline, Hefei Sunrise Aluminum Pigments Co., Ltd., Carlfors Bruk, Metaflake Ltd., Toyal America, Inc., ECKART Effect Pigments, BASF SE, and Sun Chemical Group are some of the major players in the global market.

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Godaddy
Published Date:  Sep 2018
Category:  Chemicals
Report ID:   59316
Report Format:   PDF
Pages:   120
Rating:    4.3 (49)
Delivery Time: 24 Hours to 48 Hours   
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