Aluminum Pigments Market Size, Share | Industry Trends Analysis Report, 2024
Global Aluminum Pigments Market is anticipated to reach US$581.9 mn by 2024; aluminum pigments are a special type of pigments that provide silver color with excellent metallic effects, Industry of aluminum pigments is expanding at CAGR of 6.4% between 2016 and 2024
Global Aluminum Pigments Market is anticipated to reach US$581.9 mn by 2024; aluminum pigments are a special type of pigments that provide silver color with excellent metallic effects, Industry of aluminum pigments is expanding at CAGR of 6.4% between 2016 and 2024
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Transparency <strong>Market</strong><br />
Research<br />
<strong>Aluminum</strong> <strong>Pigments</strong> <strong>Market</strong> - Global <strong>Industry</strong> <strong>Analysis</strong>,<br />
<strong>Size</strong>, <strong>Share</strong>, Growth, <strong>Trends</strong> and Forecast 2016 - <strong>2024</strong><br />
Published Date<br />
09-June-2016<br />
154 Page <strong>Report</strong><br />
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Press Release<br />
Paints and Coatings Demand for <strong>Aluminum</strong> <strong>Pigments</strong> Continues<br />
to Boost its Manufacture, says TMR<br />
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<strong>Aluminum</strong> <strong>Pigments</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Aluminum</strong> <strong>Pigments</strong> <strong>Market</strong> - Global <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, Growth, <strong>Trends</strong> and Forecast 2016<br />
- <strong>2024</strong><br />
Large and mid-sized companies are the key providers in the global aluminum pigments market. Nearly<br />
48% of the global aluminum pigments market was occupied by the top six players, viz. Zhangqiu<br />
Metallic Pigment Co. Ltd., Sun Chemical Corporation, Carlfors Bruk AB, Carl Schenk AG, Silberline<br />
Manufacturing Co. Inc., and Altana AG. Of these, Altana AG was the leading player in 2015, through a<br />
wide array of production sites and types of aluminum pigments.<br />
According to the analysts at Transparency <strong>Market</strong> Research, the threat of new entrants will be low<br />
between 2015 and 2023, owing to the significantly high trust value achieved by the top players, the<br />
high cost of entry with regards to installation of machinery and raw materials, and the overall high level<br />
of difficulties in the assessment of equipment and technologies.<br />
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From a regional perspective, Asia Pacific nations – specifically India and China – are expected to<br />
provide the largest growth opportunities for players in the global aluminum pigments market for the<br />
coming years, owing to their rapidly developing industries and a high demand for aluminum pigments.<br />
Automotive <strong>Industry</strong> Boom Carries Global <strong>Aluminum</strong> <strong>Pigments</strong> <strong>Market</strong> Growth Rate<br />
The paints and coatings industry has long since been the single largest user of aluminum pigments. The<br />
paints and coatings industry is currently finding major opportunities in the automotive sector, owing to<br />
this industry’s rapid rate of growth especially in emerging economies. The high demand for paints and<br />
coatings in the automotive sector is therefore bringing forth major growth opportunities for the global<br />
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<strong>Aluminum</strong> <strong>Pigments</strong> <strong>Market</strong><br />
aluminum pigments market. “It is currently the top driver for the sales of aluminum pigment,” states a<br />
TMR analyst. “The automotive industry boom is significantly higher in emerging economies such as<br />
China, India, and Brazil, and that is where the global players should be looking for better sales and<br />
production opportunities.”<br />
The automotive industry from the emerging economies is not only witnessing a growth in consumer<br />
numbers, but is also experiencing a greater sway of color preferences from the consumers. Car color<br />
has always held a high aesthetic value among consumers, and the increasing rate of disposable income<br />
has allowed them to demand for higher quality automobile paints and coatings, most of which utilize<br />
aluminum pigments.<br />
Growing Environmental Concerns Drive Players Towards Eco-friendly <strong>Aluminum</strong> Pigment<br />
Products and Processes<br />
The increasing carbon footprint of industries is rapidly becoming a major cause of concern for<br />
countries. As a result of the regulatory pressure exerted over the production of pigments and chemicals<br />
that might pose harm to the environment, manufacturers are increasingly shifting towards eco-friendly<br />
methods and products. This includes advanced inhibition systems that can produce waterborne<br />
aluminum pigment applicants.<br />
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Expanding at a CAGR of 6.4% in terms of revenue, the global aluminum pigments market is expected<br />
to be valued over US$581 mn in <strong>2024</strong>. It was declared to hold a total revenue of slightly over US$332<br />
mn in 2015. In terms of volume, the global aluminum pigments market was recorded at close to 46 kilo<br />
tons in 2015. The paints and coatings industry is largely responsible tin driving the global aluminum<br />
pigments market. The revenue generated by this market from the paints and coatings industry in 2015<br />
was around US$21 mn.<br />
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<strong>Aluminum</strong> <strong>Pigments</strong> <strong>Market</strong><br />
The above data was collated from a research report released by TMR, titled “<strong>Aluminum</strong> <strong>Pigments</strong><br />
<strong>Market</strong> for Paints & Coatings, Plastics, Personal Care, Printing Inks, and Other End-users – Global<br />
<strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, Growth, <strong>Trends</strong> and Forecast, 2016–<strong>2024</strong>.”<br />
Key Segments of the Global <strong>Aluminum</strong> <strong>Pigments</strong> <strong>Market</strong><br />
<strong>Aluminum</strong> <strong>Pigments</strong> <strong>Market</strong> – End-user <strong>Analysis</strong><br />
• Paints & Coatings<br />
• Plastics<br />
• Personal Care<br />
• Printing Inks<br />
• Others (Including Construction Materials, etc.)<br />
Browse All Chemical & Materials <strong>Market</strong> Research <strong>Report</strong>s:<br />
http://www.transparencymarketresearch.com/chemical-market-reports-2.html<br />
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<strong>Aluminum</strong> <strong>Pigments</strong> <strong>Market</strong><br />
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