Aluminum Pigments Market Segmentation:
Application Segment Analysis
The global aluminum pigments market is segmented and analyzed for demand and supply by application into paints and coatings, printing inks, plastics, and others. Out of these four types of segments, the paints and coatings segment is estimated to gain the largest market share of around 45% over the projected time frame. The growth of the segment can be attributed to the radical increase in the construction industry and a rise in the disposable personal income of the population. For instance, the construction sector in the U.S. is estimated to generate about 1.5 trillion worth of structures every year. Besides this, the rising sales of cars, aircraft, and business jets are also expected to drive the paints and 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.
Type Segment Analysis
The global aluminum pigments market is also segmented and analyzed for demand and supply by type into leafing, and non-leafing segments. Amongst these two segments, the non-leafing segment is expected to garner a significant share. The growth of the segment is can be attributed to its long-lasting properties as compared to the leafing segment. In addition to this, non-leafing metal is more resistant to oxidation and corrosion. They are commonly used in a variety of metallic paint applications. Furthermore, automotive manufacturers employ stable and lasting paints to provide clients with better visual attributes. On the other hand, the aluminum pigments market is further segmented and analyzed for demand and supply by form into paste, pellet, powder, and flakes. Out of these four segments, the paste segment is projected to witness a massive CAGR during the forecast period, owing to the surging production and export of aluminum paste throughout the world. For instance, nearly 26 Japanese exporters shipped around 2.5K of aluminum paste to 34 different countries by the end of 2022. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global market includes the following segments:
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By Form |
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By Application |
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