Aluminum Pigment Market size is set to grow by USD 168.6 million from 2024-2028, growing demand for aluminum pigment from automotive sector boost the market- Technavio

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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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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• 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.
  
  
• The Aluminum Pigment market faces several challenges in various industries. In the cosmetics sector, competition from advanced plastics and polymer composites threatens Aluminum Pigment's use in makeup products like lipsticks, eye shadow, nail lacquers, and other makeup items. In consumer electronics, lightweight materials are preferred, making it tough for Aluminum Pigments to maintain market share in devices like mobile phones, wearables, TVs, laptops, tablets, computers, and appliances. In skin care and hair care, water-based formulations and non-hazardous materials are the trend, impacting Aluminum Pigment's use in lotions, creams, and gloss finishes. In coatings, inks, and specialty applications, the demand for effect pigments and specialty dyes is increasing, requiring Aluminum Pigment producers to adapt and innovate. Additionally, UTP technology and printing applications, hiding power, and adhesion are critical factors affecting market growth. Pigment production facilities must ensure efficient production and maintain high-quality standards to remain competitive.

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This aluminum pigment market report extensively covers market segmentation by  

1. Application 
• 1.1 Paints and coatings
• 1.2 Plastics
• 1.3 Printing inks
• 1.4 Personal care products
• 1.5 Others
2. Type 
• 2.1 Powders
• 2.2 Pellets
• 2.3 Others
3. Geography 
• 3.1 APAC
• 3.2 Europe
• 3.3 North America
• 3.4 Middle East and Africa
• 3.5 South America

1.1 Paints and coatings-  The Aluminum Pigment market is experiencing steady growth due to increasing demand from various industries such as automotive, construction, and packaging. Key players in this market include BASF SE, ALZChem AG, and DIC Corporation. They focus on research and development to produce high-performance pigments, ensuring customer satisfaction through product innovation and quality. Collaborations and acquisitions are common strategies to expand market share and enhance production capabilities. The market is expected to continue growing, driven by the global economy and advancements in technology.

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Aluminum pigments are metallic particles used to impart brilliance, luster, and color to various industries including paints and coatings, plastics, personal care, printing inks, and more. They come in different forms such as leafing, non-leafing, paste, pellet, and powder. Leafing pigments have a unique property of reflecting light in various directions, creating a shimmering effect, while non-leafing pigments provide solid color. Aluminum pigments offer remarkable color pureness, translucence, and flexibility. However, they have a short shelf life and require careful handling. They are used in water-based and solvent-based coatings, as well as in light reflective, infrared, and UV coatings. Binders are essential to prevent settling of the pigments. Resistant coatings and aqueous systems are also used to enhance the properties of aluminum pigments. Visual effects such as silicate, waterborne coatings, flake shapes, and lenticular are also achieved using aluminum pigments. Chemical companies, government stimulus packages, vaccination programs, and other factors influence the demand for aluminum pigments in various industries.

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.

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

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SOURCE Infiniti Research, Inc.