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 News

  • In June 2021 Sun Chemical Corporation and DIC Corporation announced the acquisition of BASF's global chemical business known as BASF Colors, and Effects (BCE) The main provision of the acquisition was the transfer of the two companies' technology, processes, products supply chain, product delivery and customer service to the table strategic acquisition that is expected to increase DIC Corporation sales to more than $8 billion by 2025. However, the deal is expected to provide growth for Sun Chemical product lines such as , electronic displays, cosmetics, plastics, coatings and inks. This allows the company to expand into both global markets and establish a foothold.
  • September 2023 - Norsk Hydro ASA announces the opening of its new Hyforge foundry line in Rackwitz, Germany. The initiative addresses calls from the automotive industry to reduce emissions by incorporating recycled aluminum into vehicle production.
  • June 2023 - Rio Tinto announces a $1.1 billion expansion plan to expand a “low carbon” aluminum smelter at the Jonquière complex in Quebec, Canada. This decision could increase the company’s annual capacity by about 160,000 tonnes of production.
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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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