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