Global Aluminum Pigments Market: Highlights
·
The
global aluminum pigments market is
projected to grow at a CAGR of nearly 6.6% between 2019 and 2027.
Consumer preference for high performance aluminum pigments with attractive
esthetic features has been rising significantly of late. Aluminum pigments are
widely employed in the formulation of automotive paints & coatings to
enhance their aesthetic properties.
·
Aluminum
pigments are a special type of pigments that provide silver color with
excellent metallic effects. Pigments are broadly used to offer lustrous,
glossy, and shiny effects. Aluminum pigments impart the metallic effect by
scattering light on rough surfaces or reflecting light on a smooth surface.
Usage of aluminum pigments helps provide metallic appearance to products, thus
enhancing their esthetic features.
·
Aluminum
pigments are available in different shapes and sizes such as lamellar flakes
(cornflakes), lenticular flakes (silver-dollars), and vacuum metallized
pigments (VMPs). Furthermore, aluminum pigments are classified into two groups
- leafing and non-leafing - depending on wetting properties.
·
The
global aluminum pigments market has been expanding significantly since in the
last few years. Automotive industry has experienced considerable growth in
developing countries over the last couple of years. This, in turn, has
significantly boosted the demand for aluminum pigments in paints &
coatings.
·
Emergence
of advanced technologies in the development process of aluminum pigments is
projected to create lucrative opportunities for the market during the forecast
period.
Global Aluminum Pigments Market: Segmental Trends
·
Aluminum
pigments are employed widely in paints and coatings, plastics, personal care,
printing inks, and construction materials. Paints and coatings accounted for
more than 45% share in global aluminum pigments market in 2018.
Aluminum pigments are used in paints & coatings to create metallic effect
with good hiding power. They also act as anti-corrosion and anti-reflection
agents. These pigments are employed in various types of coatings such as
automotive, refinish, coil, conductive, roof, heat resistance, and primers.
·
Plastic
end-use stood second largest segment in global aluminum pigment market.
Aluminum pigments impart metallic effect such as glittering in plastic
industry. These pigments are widely used in thermoplastics due to their
functional properties.
·
Personal
care was another lucrative end-user segment of the aluminum pigments market
in 2018. Aluminum pigments are largely employed in the production
of several personal care products such as eye shadows, nail varnishes, mascara,
blushers, shampoos, body washes, lotions, and creams to impart shimmering
effects. Growth of the personal care industry is estimated to propel the market
for aluminum pigments in the next few years.
·
Printing
inks segment held substantial share in global aluminum pigments market in 2018.
Aluminum pigments are widely used in printing inks to provide metallic effects
to various items such as brochures, labels, packaging, carton boards, self
adhesive films, leather goods, and metals.
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Global Aluminum Pigments Market: Regional
Highlights
·
Asia
Pacific was the largest consumer of the global aluminum pigments market
in 2018. The region is estimated to dominate the market during the
forecast period due to the increasing demand for these pigments in major
end-user segments. Rising trend in the automotive industry in developing
countries such as China, India, Singapore, Thailand, and Malaysia has fueled
the demand for aluminum pigments in the paints and coatings segment. China is
projected to be the largest consumer of aluminum pigments by 2027.
·
The
paints & coatings industry has been driving the demand for aluminum
pigments in developed regions such as North America and Europe. Decent growth
in automotive industry is anticipated to encourage the growth of the aluminum
pigments market in Europe and North America during the forecast period.``
·
Middle
East & Africa is expected to be a lucrative market for aluminum pigments
during the forecast period. The paints & coatings segment is estimated to
be the largest end-user of the aluminum pigments market in Middle East &
Africa during the forecast period.
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Key Developments in Global Aluminum Pigments Market
·
In
January 2020, SCHLENK Metallic Pigments expanded pigment product line Zenexo
which is based on UTP technology and finds applications in automotive segment.
·
In
November 2019, DIC Corporation collaborated with PIGMENT TOKYO, an art
materials lab operated by storage company Warehouse TERRADA to provide DIC
pigments for cosmetics, with a view to expanding the focus of marketing to
include art application.
·
In
September 2019, Silberline has undergone expansion of waterborne aluminum
pigment in Tamaqua, Pennsylvania production facility.
·
In March
2019, Sun Chemical Performance Pigments launched Benda Lutz COMPAL PC, a highly
concentrated aluminum preparation for powder coatings that comes in a
groundbreaking pelletized form and eliminates dusting and helps in equipment
clean-up and improves worker exposure.
·
In June
2018, BASF plans to expand its production capacity for Paliocrom effect
pigments to allow its customer to create new trendy high quality coatings.
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Global Aluminum Pigments Market: Competition
Landscape
·
Various
large and medium scale manufacturers operate in the global aluminum pigments
market. Intense rivalry is expected among established players due to the
presence of integrated value chain.
·
Some of
the leading players in the global aluminum pigments market include Alba
Aluminiu, Altana AG, Asahi Kasei Corporation, BASF SE, Carlfors Bruk AB, Carl
Schlenk AG, Geotech International B.V., Metaflake Ltd., Metal Powder Company
Ltd., Silberline Mono Pigment Developments Ltd., Sun Chemical Corporation and
Toyal America Inc.
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