“The global market for aluminum pigment is expected to grow at a CAGR of over 4% during the forecast period. Major factor driving the market studied is increasing demand for personal care and cosmetics products. On the flip side, stringent environmental regulations and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
Paints & coatings industry is expected to dominate the market studied over the forecast period.
Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
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Key Market Trends
Increasing Demand from Paints & Coatings Industry
– In paints and coatings, aluminum pigments are used in various applications for paints such as roof coatings, marine coatings, anti-corrosion coatings, decorative coatings, industrial coatings, and protective coatings among others.
– Aluminum pigments are used in paints and coating to enhance the colors. Additionally, it easily reacts with oxygen and water which affects the metallic luster in the paints.
– Paints and coatings are extensively used in the architectural sector for both exterior and interior applications.
– Paints and coatings are applied on exterior of the house to not only to give them a new look but also to protect it from blistering summers, freezing winters, soaking rain, and the daily bombardment of UV radiation without fading, peeling away, and cracking.
– The emerging economies, such as China, India, Indonesia, Vietnam, and Philippines, in the Asia-Pacific region have been witnessing a robust growth in construction activities.
– Along with this, favorable government measures are likely to boost the construction activities in the many countries, which is further projected to boost the demand for paints and coatings in coming years.
– In the European region, Germany is the largest market for paints & coatings with home to about 300 paints & coatings and printing inks manufacturers. The country has per capita consumption of 11 kgs of decorative paints, 7 kgs industrial coatings and 3 kgs of printing inks.
– Therefore, the demand for aluminum pigment is expected to grow from the paints and coatings industry during the forecast period.
Asia-Pacific Region to Dominate the Market
– Asia-Pacific region is expected to account for the largest market for aluminum pigment during the forecast period.
– In the Asia-Pacific region, China is expected to witness the highest growth in construction activities, followed by India. In China, the government spending has been increasing in recent times in order to construct affordable housing facilities, to cater to the housing demand.
– In India, the infrastructure sector has become one of the major focus areas for the government. The government aims to boost the construction of buildings in the country, for which it has decided to come up with a single window clearance facility, in order to provide speedy approvals of the construction projects.
– Hence, all such construction activities and favorable government measures are likely to boost the construction activities in the region, which is further projected to boost the demand for paints and coating in coming years.
– The printing ink market in the region is dominated by the printed packaging segment, followed by newspapers and commercial printing, which includes promotional and printed advertising. Growing use of printing inks for books and stationery also captured a significant share in the market.
– China is among the fastest growing printing ink markets globally, owing to the rapid expansion of the domestic print markets, and is the fastest growing market for printing inks in the Asia-Pacific market.
– Growing demand from package printing, newsprint, publishing, and other commercial printing, has helped the printing ink market, in India, to register a strong growth in the recent years, and also in the years to come.
– Hence, with the rapidly growing end-user industries in countries of Asia-Pacific region, the demand for aluminum pigment is expected to increase over the forecast period
The global aluminum pigment market is partially consolidated in nature. The major companies are ALTANA, Carl Schlenk AG, Silberline Manufacturing Co. Inc., DIC Corporation, and Asahi Kasei Corporation among others.
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1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Ircreasing Demand for Personal Care and Cosmetics Products
4.1.2 Other Drivers
4.2.1 Stringent Environmental Regulations
4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.2 End-user Industry
5.2.1 Paints & Coatings
5.2.2 Personal Care
5.2.3 Printing Inks
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.3.2 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.3.4 South America
220.127.116.11 Rest of South America
5.3.5 Middle-East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 South Africa
126.96.36.199 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.2 Asahi Kasei Corporation
6.4.3 BASF SE
6.4.4 Carl Schlenk AG
6.4.5 Carlfors Bruk
6.4.6 DIC CORPORATION
6.4.7 Hefei Sunrise Aluminium Pigments Co.,Ltd
6.4.8 Metaflake Ltd.
6.4.9 Nippon Light Metal Holdings Co.
6.4.10 SILBERLINE MANUFACTURING CO., INC.
6.4.11 Sun Chemical
7 MARKET OPPORTUNITIES AND FUTURE TRENDS”
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