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NEW YORK, Sept. 24, 2024 /PRNewswire/ -- The global aluminum pigment market size is estimated to grow by USD 168.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.03% during the forecast period. Growing demand for aluminum pigment from automotive sector is driving market growth, with a trend towards aluminum pigments with low voc content. However, volatility in global aluminum prices poses a challenge. Key market players include Alba Aluminiu SRL, 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., The Metal Powder Co. Ltd., and Zhangqiu Metallic Pigment Co. Ltd..

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Aluminum Pigment Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 5.03% Market growth 2024-2028 USD 168.6 million Market structure Fragmented YoY growth 2022-2023 (%) 4.7 Regional analysis APAC, Europe, North America, Middle East and Africa, and South America Performing market contribution APAC at 41% Key countries China, US, Germany, Japan, and UK Key companies profiled Alba Aluminiu SRL, 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., The Metal Powder Co. Ltd., and Zhangqiu Metallic Pigment Co. Ltd.

Market Driver

The global paints and coatings industry faces regulatory challenges due to the emission of volatile organic compounds (VOCs) from solvent-based products, contributing to air pollution and ozone layer depletion. Aluminum pigments, commonly used in these applications, are a significant source of VOCs. However, manufacturers are innovating water-based aluminum pigments to address this issue. These pigments, such as COMPAL WS, are delivered in granular form, ensuring easy handling, improved shelf stability, and transportation. With increasing VOC regulations worldwide, the market for low-VOC aluminum pigments is expected to grow significantly in the forecast period.

The Aluminum Pigment market is thriving, with significant demand in various industries. Leafing Aluminum Pigments, known for their remarkable color pureness and translucence, are popular in Paints and Coatings, Plastics, and Printing Inks. Non-leafing Aluminum Pigments offer flexibility and are used in Vaccination programs and Personal Care products. Chemical companies are innovating with Aluminum Pigments in Water based coatings and Solvent based coatings for Automotive applications. Light reflective, Infrared, and UV properties make Aluminum Pigments desirable for various applications. Binder and Resistant coating technologies are advancing, with Aqueous systems and Silicate systems gaining traction. Physical color deposition techniques like Ball milling process ensure inventory levels remain stable. Aluminum Pigments provide visual effects, including Metallescent and Lenticular, and are non-degradable. They offer functional attributes, such as short shelf life, flexibility, and resistance to various conditions. Aluminum Pigments are used in various industries, including Plastic coatings, Printing, and Specialty pigments. Inorganic and Organic pigments, as well as Specialty pigments, are part of the Aluminum Pigment family. Government stimulus packages and Vaccination programs are expected to boost demand further.

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Market Challenges

The aluminum market has experienced significant price volatility due to various external factors. In 2018, US sanctions against Russian conglomerate Rusal led to a halt in aluminum supply, causing a growth in demand and subsequent price increase. This affected all industries using aluminum, including pigment production. The relaxation of sanctions in July 2018 resulted in a price decline, but the rate of decline slowed. In 2020, the COVID-19 pandemic caused global economic downturn and weak demand, leading to a decline in aluminum prices. In March 2022 , the Russia - Ukraine war disrupted aluminum supply, causing prices to grow. This volatility poses a significant challenge for the global aluminum pigment market, as the price of aluminum powder and pigment are directly linked to the aluminum market trends.

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Segment Overview

This aluminum pigment market report extensively covers market segmentation by

Application

1.1 Paints and coatings

1.2 Plastics

1.3 Printing inks

1.4 Personal care products

1.5 Others

Type

2.1 Powders

2.2 Pellets

2.3 Others

Geography

3.1 APAC

3.2 Europe

3.3 North America

3.4 Middle East and Africa

and 3.5 South America

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Research Analysis

Market Research Overview

Aluminum pigments are essential additives in various industries, including paints and coatings, plastics, personal care, printing inks, and vaccination programs. These pigments come in different forms such as leafing, non-leafing, paste, pellet, and powder. Leafing aluminum pigments provide remarkable color purity, translucence, and metallic appearance, making them popular in automotive coatings for esthetics and functional attributes. Non-leafing pigments offer advantages like short shelf life, flexibility, and resistance to heat and light. Aluminum pigments are used in water-based and solvent-borne coatings, providing light reflective properties, infrared reflectivity, and UV protection. The production process involves the use of binders, resistant coatings, and aqueous systems. In the plastics industry, aluminum pigments are used in thermoset and thermoplastic plastics, masterbatches, compounding, and advanced plastics for physical color deposition, corrosion protection, conductivity, and various visual effects. Aluminum pigments are available in various shapes, including flat thin flake, lenticular, and spherical pigment, providing hiding (opacity), high gloss, and sparkle effects. They are used in consumer electronics products, mobile devices, wearables, TVs, laptops, and various personal care products like lipsticks, eye shadow, nail lacquers, mascara, blushers, shampoo, body wash, lotions, and creams for their metallic effect and gloss finish.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation

Application

Paints And Coatings

Plastics

Printing Inks

Personal Care Products

Others

Type

Powders

Pellets

Others

Geography

APAC

Europe

North America

Middle East And Africa

South America

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Company Landscape

11 Company Analysis

12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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SOURCE Infiniti Research, Inc.

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