Aluminum Pigments Market Size By Grade (Leafing, Non-leafing), By End-user (Paints & Coatings, Plastic, Personal Care, Printing Inks), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: May 2017  |  Report ID: GMI1663  |  Authors: Kiran Pulidindi, Soumalya Chakraborty

Report Format: PDF   |   Pages: 110   |   Base Year: 2016

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Aluminum Pigments Market size was estimated over USD 350 million in 2016 and will likely be gaining the industry by a CAGR close to 6.5%.

U.S. Aluminum Pigments Market

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Increasing demand for aesthetically superior automobiles with lustrous paint will significantly enhance the global aluminum pigments market in the forecast years. Increasing demand for family cars, especially in the Asia Pacific countries such as China, Japan, South Korea, and India, on the account of their rapid economic development will have a positive influence on market growth. Passenger car sales crossed 35 million units in 2016, with China accounting for more than 24 million units. Several leading automotive manufacturers have shifted their production facilities towards this region in order to meet the expanding demand. Increasing product application in automotive OEM parts, exterior and interior coatings, as well as refinishing and repair works will be important driver for the global aluminum pigments market.

Packaging problems owing to the combustible nature of the product may pose hindrances to the overall aluminum pigments market in coming years. Product mixture with air are flammable and may result in disastrous dust explosions. Moreover, contact with acid, alkali, or even water for a long duration may form highly ignitable hydrogen. Requirement of specifically designed fire-resistant storage spaces and strict packaging techniques may threaten the market. This may even lead to usage of alternatives such as silver or stainless steel pigments in the cosmetics and paints and coatings industry.

Aluminum Pigments Market Report Coverage
Report Coverage Details
Base Year: 2016 Market Size in 2016: 350 Million (USD)
Historical Data for: 2013 to 2016 Forecast Period: 2017 to 2024
Forecast Period 2017 to 2024 CAGR: 6.5% 2024 Value Projection: 580 Million (USD)
Pages: 110 Tables, Charts & Figures: 154
Geographies covered (17): U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC
Segments covered: Grade, End-user and Region
Companies covered (17): BASF SE, Altana AG, Sun Chemical Corporation, Metal Powder Chemical Ltd., Carlfors Bruk AB, Asahi Kasei Corporation, Metaflake Ltd., Geotech International B.V., Carl Schlenk AG, The Arasan Aluminum Industries Ltd., Zhangqiu Metallic Pigment Co. Ltd., Mono Pigment Developments Ltd., Hefei Sunrise Aluminum Pigments Co. Ltd., Toyal America, Inc, Silberline Manufacturing Co. Inc., Nihonboshitsu Co. Ltd., Alba Aluminiu
Growth Drivers:
  • Rising demand in the automotive industry
  • Developing cosmetics sector
Pitfalls & Challenges:
  • Operational hazards related to aluminum pigments
  • Environmental concerns pertaining to product usage in solvent borne systems

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Aluminum Pigments Market, By Grade

On the basis of grade, aluminum pigments market can be segmented into leafing and non-leafing types. Leafing grades usually floats on the surface of the coating film, imparting a brilliant and lustrous effect to the coated surface. The leafing grade products, however, are not able to withstand mechanical strain and do not get dispersed with the resin completely. As a result, they tend to fade with time. This grade of products witnessed extensive usage in cosmetics and printing inks for temporary brightness effects.

Non-leafing grades will account for a significant share of the global aluminum pigments market in the forecast years owing to its long-lasting effects. They exhibit better corrosion and abrasion resistance and find wide range of applications for metallic paints. Automotive industries require durable and stable paints for superior aesthetic features. Rising demand for personal vehicles in developing countries will have a notable impact on the non-leafing market growth.

Aluminum Pigments Market, By End-user

Aluminum pigments market application scenario is distributed in several end-user industries including paints & coatings, printing inks, personal care, plastic, and others such as construction materials. Paints & coatings sector accounted for more than 40% share of the overall industry owing to product application in automotive, aerospace, construction, and other metallic paints. Growing sales of passenger cars and aircrafts in order to meet the rising tourism demand will augment the growth in coming years.

The product is used in printing inks to give metallic color effects to printing items including packaging materials, films, labels, brochures, leather, etc. Generally, leafing grade is used in this sector to provide the necessary opacity of the inks. This segment generated more than USD 60 million for the aluminum pigments market in 2016 and will exhibit growth at close to 6% CAGR in the coming years. Growing commercial activities throughout the world, and resulting demand for bright and colorful rolled banners and other advertising materials will further catalyze the printing inks industry growth.

Aluminum Pigments Market, By Region

Asia Pacific aluminum pigments market was worth close to USD 120 million in 2016 and will flourish at a CAGR more than 7% in the forecast years. Fast growing economies of China, India, Japan, and South Korea will likely create a considerable demand. The product demand will escalate owing to increasing demand for personal vehicles, cosmetics, as well as printing inks for magazines and advertisement materials.

Developed countries of Western Europe and high living standards will augment the aluminum pigments market demand in the region in coming few years. Europe accounted for more than a quarter of the global share in 2016 but will witness a sluggish growth at below 6% CAGR owing to market saturation and shifting of industrial activities towards Asia Pacific.

Competitive Market Share

Aluminum pigments market competitive landscape is moderately consolidated with the top four manufacturing companies, namely Altana, Silberline, Carl Schlenk, and Carlfors Bruk, accounting for more than a third of the global share in 2016. Other key industry participants include Sun Chemical, and Zhangqiu Metallic Pigment, Alba Aluminiu, Metaflake Ltd., Toyal America, and several others.

The companies maintain a reliable supply chain with end-user industries and indulge in various strategic acquisitions and expansions and continuous R&D in order to cater the continuously increasing market demand. For instance, Altana increased their production capacity of their Eckart effect pigments in Hartenstein, Germany in 2014 for the construction industry.

Aluminum Pigments Industry Background  

Aluminum pigments market ecosystem is signified by backward integration among the product and raw material manufacturers in order to maintain the product quality. The increasing demand for metallic pigments in paints and coatings industry to impart bright and brilliant aesthetic features to different commodities will have a positive influence on the industry.

Growth of automotive, construction, as well as personal care industries throughout the globe will propel the market in the coming years. Developing living standards and demand for durable paints and coatings for architectural products and automotive parts will have a notable impact on the overall market growth.

Frequently Asked Questions (FAQ) :

The rising consumer focus towards aesthetically pleasing automobiles, coupled with the growing demand for family vehicles across the APAC, is likely to impel the adoption of aluminum pigments from the automotive industry.
The product’s combustible nature, associated operational hazards, and environmental concerns regarding the use of the product in solvent-based systems are likely to hinder the adoption of aluminum pigments in coming years.
The paints & coatings segment, which already accounts for a major chunk of the total industry share, is likely to create immense demand for the product owing to its application in end-use industries.
The aluminum pigments industry in APAC is projected to grow at a tremendous pace owing to the region’s rapidly growing economies like South Korea, India, China, and Japan, where the demand for cosmetics and personal vehicles is high.

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Premium Report Details

  • Published Date: May 2017
  • Pages: 110
  • Tables: 140
  • Charts / Figures: 14
  • Companies covered: 17
  • Countries covered: 17

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