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CHEMICALS AND ADVANCED MATERIALS

Aluminum Pigments Market Analysis by Type (Leafing and Non-Leafing); by Form (Paste, Pellet, Powder, and Flakes); and by End User (Paints & Coatings, Printing Inks, Plastics, Cosmetics, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • June 30, 2021: In a joint venture with DIC Corporation, Sun Chemical Corporation has completed the acquisition of BASF's global pigments business, BASF Colors, and Effects (BCE). The main purpose of the acquisition is to fully harness the benefits of the supply chain, technologies, products, and manufacturing assets so the global customer can be served without any trouble.

  • January, 2020: Carl Schlenk AG, a leading manufacturer of effect pigments, announced the launch of Zenexo GoldenShine WB 21 YY, a new pigment designed for automotive and waterborne Applications. 

Global Aluminum Pigments Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Aluminum Pigments Market Regional Table

The global aluminum pigments market is estimated to garner a revenue of USD 890 Million by the end of 2031 by growing at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. Further, the market generated revenue of USD 450 Million in the year 2021. The growth of the market can be attributed primarily to the massive growth of the cosmetics industry worldwide. Based on a study, the beauty and cosmetics industry was worth about USD 530 billion in 2017. There are a variety of cosmetics products that require special effect pigments, such as lipsticks, eye shadows, nail lacquers, makeup, mascaras, blushers, shampoos, body wash, lotions, and creams. To obtain lustrous, glossy effects, aluminum pigments are used extensively in these products.

Aluminum Pigments Market Overview

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Pigments made of aluminum can be used in a wide variety of applications, such as painting and coating, plastics, and printing inks. Wet-milling is almost exclusively used to produce aluminum pigments, which come in leafing and non-leafing grades. They are manufactured from atomized aluminum powder. Moreover, the food and beverage industry's demand for attractive labels is anticipated to drive the global aluminum pigments market growth during the forecast period. For instance, the non-alcoholic beverage industry is poised to be one of the fastest growing of all the label segments of the beverage industry with a growth of nearly USD 400 billion in year 2021 up from about USD 370 billion in prior year. 

Global Aluminum Pigments Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Consumption of Plastic Along with Widespread Use of Aluminum Pigments in the Plastic Industry- It was observed that the rise of emerging markets has driven a triple-digit growth in plastic consumption over the last 25 years. Approximately 450 million tonnes of plastics were produced worldwide in 2019 up from a significant million tonnes in 2000.The use of aluminum pigments enhances the functional properties of plastics in both commodity products and high-end automotive parts. Plastic components are given a glossy finish and metallic effect with aluminum pigments. In the consumer electronics industry, they are widely used for coating. Thus, the extensive application of product in plastic industry is expected to enlarge global aluminum pigments market size during the forecast period. 

  • Increase in the Sale of Personal Premium-End Products-For instance, by the end of 2021, the sales of luxury items for personal use accounted for around USD 320 billion. It represented an increase from the recorded sales of 310 billion in 2019.

  • Rising Level of Personal Disposable Income- There was an increase of around USD 45 billion in the personal income of Americans in July 2020, as well as an increase of approximately USD 35 billion in disposable personal income as reported by the Bureau of Economic Analysis. 

  • Surge In Exports Of Metallic Pigments Worldwide - According to the statistics by the International Trade Center (Trademap), the value of exports of metallic pigments in Germany in the year 2021 was recorded to be USD 342,141 thousand, which was an increase from USD 286,537 thousand in the previous year.

  • Increasing Production Of Innovative Aluminum Pigments By Manufacturers -AQUAVEX Plus, an aluminum pigment in granule form, was launched by Silberline Manufacturing Co. in June 2020. Specially designed for water-based inks. With excellent adhesion and a wide range of effects, the product can achieve extremely bright metallic effects as well as very high opacity.

Challenges

  • Regulatory Restrictions by the Government on Mining Activities
  • Insufficient Shelf Life and Complex Storage of Aluminum Pigments 
  • High Production Costs Associated with the Raw Material

The global aluminum pigments market is segmented and analyzed for demand and supply by end user into paints & coatings, printing inks, plastics, cosmetics, and others. Among these segments, the paints & coatings segment is anticipated to capture the largest market size in the global aluminum pigments market owing to the extensive use of product in automotive, construction, aerospace, and a variety of metallic paints. Moreover, the rising sales of cars, aircraft, and business jets are expected to drive the paints & coatings segment growth over the forecast period. For instance, new business jet sales accounted for more than 700 jets sold worldwide in the year 2021, up by nearly 9% from the 630 jets sold in the year 2020.

Major Macro-Economic Indicators Impacting the Market Growth

Aluminum Pigments Market Regional Chart

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Aluminum Pigments Market Regional Synopsis

Regionally, the global aluminum pigments market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2031. The rising sales and demand for passenger and luxury cars in developing countries such as India, China, and Japan are expected to drive the regional market during the forecast period. For instance, it was observed that nearly 16,500 luxury vehicles were sold in India during the period of January to May 2022, an increase of 50% from the prior year. Furthermore, the growth of the construction and automobile industries along with increasing R&D expenditures by the government is anticipated to fuel the global aluminum pigments market in the region over the forecast period.

Aluminum Pigments Market Regional Synopsis

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The global aluminum pigments market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global aluminum pigments market includes the following segments:

By Type

  • Leafing
  • Non-Leafing

By Form

  • Paste
  • Pellet
  • Powder
  • Flakes

By End User

  • Paints & Coatings
  • Printing Inks
  • Plastics
  • Cosmetics
  • Others
 

Top Featured Companies Dominating the Global Aluminum Pigments Market

  • Silberline Manufacturing Co. Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • ALTANA AG
  • BASF SE
  • Kolortek Co. Ltd
  • Geotech International B.V.
  • Asahi Kasei Corporation
  • Sun Chemical Corporation
  • Carl Schlenk AG
  • FX Pigments Pvt. Ltd
  • Metaflake Ltd.

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