Global Aluminum Pigments Market

Aluminum Pigments Market Size, Share, Growth Analysis, By Grade(Leafing, Non- leafing, Vacuum metallized pigments (VMPs), and Others), By Form(Powder, Pellets, Paste, and Others), By Application(Paints and coatings, Plastics, Personal care, Printing ink), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15F2174 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 94 | Figures: 73

Aluminum Pigments Market Regional Insights

North America is expected to dominate the global aluminum alloy market during the forecast period. This is due to increased production capacity and increased demand from automobile plants in the region. The growing aerospace and automotive industries in the region are expected to boost the demand for aluminum pigments in the region. Furthermore, the demand for the product is expected to increase with the rise in the capacity of various manufacturers, higher consumption of resources and higher levels of economic growth.

Asia-Pacific emerged as the largest market for aluminum pigments by 2023, accounting for the largest share of revenue. Revenues in the Asia Pacific market are driven by increasing regional construction activity in countries such as China and India, government funds and rapid economic growth in China to provide affordable housing for residential use meeting growing demand, and improved services. It is also organized and promoted by manufacturers.

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Aluminum Pigments Market size was valued at USD 1.02 billion in 2022 and is poised to grow from USD 1.07 billion in 2023 to USD 1.52 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

The competitive environment of the Aluminum Pigments market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. '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.'

Increasing Consumption of Cosmetic Products

The growing demand in the industry and the rapid growth of personal care and manufacturing are also some of the key factors that are expected to continue to open lucrative business opportunities for key players and entrants new to the market. High consumption of automotive OEM parts, exterior and interior coatings as well as remanufacturing and repair services, and rapid technological advancements are other important factors that serve opportunities for the key players to strengthen their position in the market going forward.

North America is expected to dominate the aluminum alloy market during the forecast period. This is due to increased production capacity and increased demand from automobile plants in the region. The growing aerospace and automotive industries in the region are expected to boost the demand for aluminum pigments in the region. Furthermore, the demand for the product is expected to increase with the rise in the capacity of various manufacturers, higher consumption of resources and higher levels of economic growth.

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Global Aluminum Pigments Market

Report ID: SQMIG15F2174

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