A recent report published by Infinium Global Research on aluminum pigment market provides in-depth analysis of segments and sub-segments in the global as well as regional aluminum pigment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional aluminum pigment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global aluminum pigment market. According to the report, the global aluminum pigment market is projected to grow at a CAGR of 6.27% over the forecast period of 2019-2025.
Metallic pigments are preferred for painting and coating in the automotive and construction industry owing to their superior protection properties and better coloring agents. Among the metallic pigments, the aluminum pigment is preferred due to the higher availability of a wide range of grades and superior physical and chemical properties. The aluminum pigments market is highly competitive and consolidated in nature. The major market players such as BASF SE and Asahi Kasei Corporation hold a large part of the market share. Other key players in the market including ALTANA AG, Sun Chemical Corporation, Silberline Manufacturing Co., Inc., Kolortek Co., Ltd, and others are focusing on strategic acquisitions of the suppliers and local players along with investment in the development of new products.
The higher demand from the automotive sector is majorly driving the growth of the aluminum pigments market. The aluminum pigment imparts color for a longer period of time and covers a thin coating on the surface. These properties make them favorable for painting and coating application in the automotive sector. Moreover, the rising demand for cosmetic products is anticipated to boost the growth of the aluminum pigments market. the aluminum pigment imparts excellent metallic luster, which is used in cosmetics such as nail polishes and lipsticks. Furthermore, its superior physical and chemical properties are supporting the demand for aluminum pigments. However, the serious environmental impact by solvent-based applications is the major restraining factor for the growth of the aluminum pigments market. Nevertheless, the advent of low VOC aluminum pigments is expected to offer lucrative opportunities for the key players in the Aluminum pigments market.
Regionally, Asia Pacific held the highest market share, dominating the global aluminum pigments market. The dominance of the Asia Pacific market attributed to the vast manufacturing base, and the development of printing inks and plastics enterprises. The European Aluminum pigments market held the second largest market share, globally.
The report on global aluminum pigment market covers segments such as type, form, and application. On the basis of type, the sub-markets include leafing, and non-leafing. On the basis of form, the sub-markets include powder, paste, flakes, and pellets. On the basis of application, the sub-markets include plastics, paints and coatings, construction materials, personal care products, and printing inks.
The report provides profiles of the companies in the market such as ALTANA AG, Asahi Kasei Corporation, BASF SE, Silberline Manufacturing Co., Inc., Carl Schlenk AG, Hefei Sunrise Aluminium Pigments Co. Ltd, Carlfors Bruk AB, Metaflake Ltd., Sun Chemical Corporation, FX Pigments Pvt. Ltd., and other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of aluminum pigment market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.