Latest News - Aluminum Pigment Market: Paints and coatings are expected to lead the Application segment during 2024-2028

The Aluminum Pigment Market is being driven by Growing demand for aluminum pigment from automotive sector

The Aluminum Pigment Market is expected to grow at a CAGR of 5.03% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 168.6 million. In the paints and coatings industry, stringent regulations mandate a reduction in air pollution caused by Volatile Organic Compounds (VOCs) emitted from products. VOCs, primarily derived from solvent-based pigments, contribute significantly to ozone layer depletion. To mitigate this challenge, water-based aluminum pigments have emerged as a potential solution. Manufacturers are actively innovating to develop low VOC aluminum pigments suitable for both water and solvent-based applications. These advancements not only address VOC emission concerns but also expand market opportunities. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Paints and coatings
  • Plastics
  • Printing inks
  • Personal care products
  • Others
• Type
  • Powders
  • Pellets
  • Others
• Geography
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • UK
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for aluminum pigment from automotive sector
• Wide range of end-user applications for aluminum pigments
• High demand for aluminum powder in construction applications

However, the market also witnesses some limitations, which are as follows:

• Volatility in global aluminum prices
• Trade tariffs on aluminum
• Stringent regulations on VOC emissions and content

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Market Scope in Aluminum Pigment Market Research Report

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Research Analysis Overview

The Aluminum Pigments market encompasses the production and supply of aluminum pigments used in various industries for creating visual effects in diverse applications. These pigments come in various shapes, including flake and lenticular, and are employed in waterborne coatings, such as those based on silicate and binder systems. Aluminum pigments offer remarkable color purity and are used in aqueous systems to enhance the flexibility and short shelf life of coatings. Chemical companies producing aluminum pigments have seen increased demand due to government stimulus packages and various sectors' growth, including printing inks, personal care, plastics, paints and coatings, and powder, pellet, paste, non-leafing, and leafing applications. Aluminum pigments are also used in light reflective coatings, UV (ultravtraviolet) and Infrared protective coatings, and solvent-based as well as water-based coatings.

Market Research Overview

The Aluminum Pigments market is a segment of the specialty chemicals industry, focusing on high-value-added products used in the manufacturing of various goods. This market's size is determined by the consolidated revenue generated by companies producing aluminum pigments for diverse applications, such as fine chemicals, advanced polymers, adhesives, sealants, specialty paints, and coatings. The market's expansion will be fueled by the increasing demand for specialized aluminum pigments in the production of high-performance adhesives and sealants. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/