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

Global 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 automotive industry is expecting growing demand for aluminum-based coatings will further increase the demand. With the rapid economic growth in various countries, disposable income has been increasing steadily, thereby increasing the purchase of vehicles.

One of the major findings is the use of aluminum compounds in many personal care products such as, mascaras, blushers, shampoos, eye creams, nail varnishes, body washes, creams and hence the growing growth of the cosmetics industry in Aluminum dyes during the forecast period. Besides, the vehicle coverage segment will increase significantly while introducing smaller and smaller family cars, thereby positively impacting demand over the forecast period.

Another recent trend observed in the global aluminum pigments market is the introduction of aluminum nanopowder, which is currently impacting the market. Also, increasing preference for nanotechnology in various applications is another factor expected to fuel the growth of the global aluminum pigments market.

Furthermore, various technological developments in the aluminum alloy industry are expected to create attractive opportunities for the market during the forecast period. Increase in the demand for aluminum alloy at automotive industry cost about and the demand for premium labels prepared in the food and beverage sector is expected to boost the market growth during this period.