USD 1.02 billion
Global Aluminum Pigments Market Size, Share, Growth Analysis, By Grade(Leafing, Non- leafing), By Form(Powder, Pellets), By Application(Paints and coatings, Plastics) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2174 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
94 |
Figures:
73
Global Aluminum Pigments Market Insights
Global Aluminum Pigments Market size was valued at USD 1.02 billion in 2022 and is poised to grow from USD 1.07 billion in 2023 to USD 1.52 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).
The automotive industry is expecting growing demand for aluminum-based coatings will further increase the demand. With the rapid economic growth in various countries, disposable income has been increasing steadily, thereby increasing the purchase of vehicles.
One of the major findings is the use of aluminum compounds in many personal care products such as, mascaras, blushers, shampoos, eye creams, nail varnishes, body washes, creams and hence the growing growth of the cosmetics industry in Aluminum dyes during the forecast period. Besides, the vehicle coverage segment will increase significantly while introducing smaller and smaller family cars, thereby positively impacting demand over the forecast period.
Another recent trend observed in the global aluminum pigments market is the introduction of aluminum nanopowder, which is currently impacting the market. Also, increasing preference for nanotechnology in various applications is another factor expected to fuel the growth of the global aluminum pigments market.
Furthermore, various technological developments in the aluminum alloy industry are expected to create attractive opportunities for the market during the forecast period. Increase in the demand for aluminum alloy at automotive industry cost about and the demand for premium labels prepared in the food and beverage sector is expected to boost the market growth during this period.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Non-Leafing
Growth Rate
4.5% CAGR
Global Aluminum Pigments Market ($ Bn)
Country Share for North America Region (%)
Global Aluminum Pigments Market By Type (%)
To get more reports on the above market click here to Buy The Report
Global Aluminum Pigments Market Segmental Analysis
On the basis of grade, the aluminum pigments market is segmented into leafing, non- leafing, vacuum metallized pigments (VMPs) and others. On the basis of form, the aluminum pigments market is segmented into powder, pellets, paste and others. On the basis of application, the market is segmented into paints and coatings, plastics, personal care, printing ink and others. The global aluminum pigments market, by region, has been segmented into Asia-Pacific, Latin America, Europe, North America, and the Middle East & Africa.
Analysis by Application
Printing inks were the second largest segment accounting for almost 30% of the global volume by 2022 due to its widespread use in various industries including food packaging and textiles acting as a paint additive. The material has many applications and does not fade when exposed to light or moisture making them ideal candidates for printing ink applications worldwide.
The plastics application segment is expected to account for the largest share of the market during the forecast period. Due to innovation, the demand for plastics is expected to increase for recyclable plastic products, thus affecting the demand for aluminum alloy.
Analysis by Type
The leafing segment shows the behavior of alloy particles when dissolved in coatings or inks. Leaf pigment can rise to the surface of the coating or ink to form a reflective metallic layer. This property makes them particularly useful for the production of metallic or glass effects in a variety of applications such as paints, inks, plastics and coatings. Sheets of aluminum foil are often used to enhance the surface finish. The coatings and inks are given a metallic sheen and shine, making them eye-catching and attractive. This is especially important in industries such as vehicle coatings, packaging, and utilities.
The non-leafing segment is expected to account for the largest share of the revenue during the forecast period. This is mainly attributed to the longevity of the material compared to a leaf that completely deteriorates over time. The paperless aluminum block exhibits excellent abrasion resistance and corrosion properties. It is widely used in metal paints. In addition, the automotive industry uses durable and long-lasting paints to provide consumers with superior aesthetics. The increasing demand in the automotive industry in developing countries has a significant impact on the growth of the segment.
Global Aluminum Pigments Market By Type, 2022 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Aluminum Pigments Market Regional Insights
North America is expected to dominate the global aluminum alloy market during the forecast period. This is due to increased production capacity and increased demand from automobile plants in the region. The growing aerospace and automotive industries in the region are expected to boost the demand for aluminum pigments in the region. Furthermore, the demand for the product is expected to increase with the rise in the capacity of various manufacturers, higher consumption of resources and higher levels of economic growth.
Asia-Pacific emerged as the largest market for aluminum pigments by 2023, accounting for the largest share of revenue. Revenues in the Asia Pacific market are driven by increasing regional construction activity in countries such as China and India, government funds and rapid economic growth in China to provide affordable housing for residential use meeting growing demand, and improved services. It is also organized and promoted by manufacturers.
Global Aluminum Pigments Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Aluminum Pigments Market Dynamics
Drivers
- Increasing Consumption of Cosmetic Products
Increasing penetration of cosmetics and personal care products is to increase the manufacturing of these products which in turn boosts the growth of aluminum pigments in the market. Cosmetics and personal care products are expected to grow by about 32% and about 18% by 2025, respectively. Sales of luxury goods for private use reached approx. $320 billion by the end of 2021. This is an increase from sales of 310 billion units in 2019. Moreover, rising steel alloy production and exports are expected to fuel market growth and it is the US. billions of dollars.
Restraints
- Strict Government Regulations
Strict government regulation of mining related activities and availability of alternative routes are major factors restraining the growth of the market. Moreover, stringent regulations against toxic chemicals used in the manufacture of aluminum alloy further restrict market growth and the combustibility of the material poses problems for the packing industry. Contact with air can cause a dangerous explosion. Consequently, specialized fire-resistant storage containers and strong packaging techniques are required, and are expected to reduce the demand for aluminum alloy.
Request Free Customization of this report to help us to meet your business objectives.
Global Aluminum Pigments Market Competitive Landscape
The competitive environment of the global Aluminum Pigments market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- Altana AG
- Asahi Kasei Corp.
- BASF SE
- BioTio Industries
- Carlfors Bruk AB
- DIC Corp.
- FX Pigments Pvt. Ltd.
- Hefei Sunrise Aluminium Pigments Co. Ltd.
- Metaflake Ltd.
- Nippon Light Metal Holdings Co. Ltd.
- SCHLENK SE
- ShanDong Jie Han Metal Material Co. Ltd.
- Shanghai Titanos Industry Co. Ltd.
- Silberline Manufacturing Co. Inc.
- SMC Minerals and Chemicals
- SP Colour and Chemicals
- The Arasan Aluminium Industries P Ltd.
Recent Developments
- In June 2021 Sun Chemical Corporation and DIC Corporation announced the acquisition of BASF's global chemical business known as BASF Colors, and Effects (BCE) The main provision of the acquisition was the transfer of the two companies' technology, processes, products supply chain, product delivery and customer service to the table strategic acquisition that is expected to increase DIC Corporation sales to more than $8 billion by 2025. However, the deal is expected to provide growth for Sun Chemical product lines such as , electronic displays, cosmetics, plastics, coatings and inks. This allows the company to expand into both global markets and establish a foothold.
- September 2023 - Norsk Hydro ASA announces the opening of its new Hyforge foundry line in Rackwitz, Germany. The initiative addresses calls from the automotive industry to reduce emissions by incorporating recycled aluminum into vehicle production.
- June 2023 - Rio Tinto announces a $1.1 billion expansion plan to expand a “low carbon” aluminum smelter at the Jonquière complex in Quebec, Canada. This decision could increase the company’s annual capacity by about 160,000 tonnes of production.
Global Aluminum Pigments Key Market Trends
- The growing demand in the industry and the rapid growth of personal care and manufacturing are also some of the key factors that are expected to continue to open lucrative business opportunities for key players and entrants new to the market. High consumption of automotive OEM parts, exterior and interior coatings as well as remanufacturing and repair services, and rapid technological advancements are other important factors that serve opportunities for the key players to strengthen their position in the global market going forward.
Global Aluminum Pigments Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. One of the major findings is the use of aluminum compounds in many personal care products such as, mascaras, blushers, shampoos, eye creams, nail varnishes, body washes, creams and hence the growing growth of the cosmetics industry in Aluminum dyes during the forecast period - estimating that the market is oil.
Another recent trend observed in the aluminum pigments market is the introduction of aluminum nanopowder, which is currently impacting the market. Also, increasing demand for nanotechnology in various applications is another factor expected to drive the growth of the aluminum pigments market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.02 billion |
| Market size value in 2031 | USD 1.52 billion |
| Growth Rate | 4.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Aluminum Pigments Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Aluminum Pigments Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Aluminum Pigments Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aluminum Pigments Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aluminum Pigments Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aluminum Pigments Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Aluminum Pigments Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
