Report ID: SQMIG15F2174
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 Dynamics
Drivers
- Increasing Consumption of Cosmetic Products
Increasing penetration of cosmetics and personal care products is to increase the manufacturing of these products which in turn boosts the growth of aluminum pigments in the market. Cosmetics and personal care products are expected to grow by about 32% and about 18% by 2025, respectively. Sales of luxury goods for private use reached approx. $320 billion by the end of 2021. This is an increase from sales of 310 billion units in 2019. Moreover, rising steel alloy production and exports are expected to fuel market growth and it is the US. billions of dollars.
Restraints
- Strict Government Regulations
Strict government regulation of mining related activities and availability of alternative routes are major factors restraining the growth of the market. Moreover, stringent regulations against toxic chemicals used in the manufacture of aluminum alloy further restrict market growth and the combustibility of the material poses problems for the packing industry. Contact with air can cause a dangerous explosion. Consequently, specialized fire-resistant storage containers and strong packaging techniques are required, and are expected to reduce the demand for aluminum alloy.
Aluminum Pigments Market Report Snapshots
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