Global Aluminum Pigment Industry Analysis Report 2022
Aluminum pigments are expected to grow over the next few years. According to Yihe Consulting's "2022 Global Aluminum Pigment Professional Survey Report, Forecast to 2027", the growth in demand for aluminum pigments in the automotive and other industries will continue to drive the development of aluminum pigments. According to Yihe Consulting's regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 6%.
“Companies in the aluminium pigment market are maintaining optimal production inventory levels to meet fluctuating demand for products during the coronavirus outbreak. Bright and reflective finishes for powder coatings are achieved using floating grade aluminium pigments. Aluminium oxide effects due to health risks Pigments need to be produced in compliance with legal requirements. To do this, manufacturers should collaborate with researchers to develop innovative chemicals that use aluminum pigments. On the other hand, aluminum pigments are used in solvent-borne and automotive coatings. Aluminum pigments are added by increasing their Aesthetic value and improving the functional properties of the finished coating film to increase the value of these coatings," said Eva Joy, senior analyst at the Chemical and Materials Market Research Center at Yihe Consulting.
Growing demand for aesthetically pleasing automobiles with glossy paints will significantly drive the global aluminum pigments market over the forecast years. Growing demand for family vehicles owing to rapid economic development, especially in Asia-Pacific countries such as China, Japan, South Korea, and India, will positively impact the market growth. Currently, car sales in China are still on the rise, and several leading automakers have relocated production facilities to the region to meet expanding demand. Increasing product application in automotive OEM parts, exterior and interior coatings, and refinish and repair works will be a significant driver for the global aluminum pigments market.
However, due to the flammability of the product, packaging issues are likely to pose a hurdle for the overall aluminum pigments market in the coming years. Product-air mixtures are flammable and can cause catastrophic dust explosions. In addition, prolonged contact with acids, bases and even water can form highly flammable hydrogen gas. Requirements for specially designed refractory storage spaces and strict packaging techniques may threaten the market. This could even lead to the use of alternatives such as silver or stainless steel pigments in the cosmetic, paint and coatings industries.
The competitive landscape of the aluminum pigment market is highly concentrated. Key industry players include Sun Chemical, Altana, Silberline, Carl Schlenk, Carlfors Bruk, Zhangqiu Metallic Pigments, Alba Aluminiu, Metaflake Ltd., Toyal America and more. Major suppliers of aluminum pigments such as Silberline Manufacturing Co., Sun Chemical and Carl Schlenk AG are increasing production of cost-effective aluminum pigments to attract more customers. In June 2021, Sun Chemical and DIC Corporation acquired BASF SE's global pigment business, BASF Colors & Effects (BCE). The acquisition will expand Sun Chemical's product portfolio as a global pigment manufacturer to include pigments for electronic displays, cosmetics, coatings, inks, plastics and specialty applications. DIC Corporation and BASF Colors & Effects (BCE) have more than 30 pigment production facilities around the world, and the company's pigment portfolio will offer a broader product category including effect pigments, inorganic pigments, organic pigments, specialty dyes and pigment preparations.
Aluminum Pigments Market Segmentation:
On the basis of grade, the aluminum pigments market can be divided into floating and non-floating. The floating table usually floats on the surface of the coating film, so that the surface of the coating film presents a radiant effect. However, flotation grades cannot withstand mechanical strain and cannot fully disperse with the resin. Therefore, they tend to fade over time. This grade is widely used in cosmetics and printing inks for temporary brightness effects. Due to its long-term impact, non-floating grades will account for a significant share of the global aluminum pigments market over the forecast years. They exhibit better corrosion and wear resistance and are widely used in metal coatings. The automotive industry requires durable and stable coatings for excellent aesthetic properties. The growing demand for personal vehicles in developing countries will have a significant impact on the growth of the non-leaf market.
The application scenarios of the aluminum pigment market are spread across multiple end-user industries such as paint coatings, printing inks, personal care, plastics, and other industries such as building materials. Paint Due to the application of products in automotive, aerospace, construction and other metal coatings, the coatings industry accounts for more than 40% of the industry. Rising sales of passenger cars and aircraft to meet rising travel demand will drive growth over the next few years
Aluminum Pigments Market: Regional Analysis:
By region, the global market can be segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Among them, the Asia-Pacific region accounts for the largest market share, and fast-growing economies such as China, India, Japan and South Korea may have considerable demand. Product demand will continue to increase due to increasing demand for printing inks for personal vehicles, cosmetics, magazines and advertising materials. Developed countries and high living standards in Western Europe will increase the market demand for aluminum pigments in this region in the coming years. But its CAGR will be lower than average due to market saturation and a shift in industrial activity to Asia Pacific
The largest sharing region: Asia Pacific
Which country is the largest in the largest cooperation area: China
Product Type: Leafing and Non-Leafing
Applications: Paints, Coatings, Printing Inks, Plastics