“Global Aluminum Pigment Market, by Product Type (Leafing Aluminum Pigments, Non-Leafing Aluminum Pigments, Vacuum Metallized Pigments (VMPs), Other Types), by Application (Paints & Coatings, Plastics, Personal Care, Printing Inks, Other Applications), as well as by Region – Global Forecast 2020 to 2029.”, which offers a comprehensive view of the global aluminum pigment market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over USD $667.6 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Aluminum pigments are produced from atomized aluminum powder and are almost exclusively manufactured through a wet-milling process, and are available in both non-leafing and leafing grades. These pigments are generally used in applications ranging from plastics, coatings, and printings inks.
Robust industrialization and urbanization occurring across the world on account of ever-increasing populations is a major factor that is resulting in an exponential increase in the demand for products from the automotive industry among several others. Since the two-coat system was introduced in the 1970’s, ‘metallic’ finishes have increasingly become popular among automotive vehicle consumers, and aluminum pigments are primarily used for this very purpose. And, the various advances in coating technology, binder technology, application techniques, and pigment technology are continually resulting in automotive coating remaining one of the highest quality paint applications. Furthermore, the increasing prominence of the cosmetic industry is another major factor that is expected to boost the revenue growth of the global aluminum pigment market in the coming years. This can be attributed to the fact that the cosmetic industry utilizes aluminum pigments for products in various categories such as skincare, hair care, decorative cosmetics, fragrances, as well as in general cosmetic items for body and dental hygiene. These aforementioned factors are anticipated to further augment the revenue growth of the global aluminum pigment market, edging the projected revenue of this industry to USD $874.4 Mn by 2030, at a CAGR of 7.1%.
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