28 November 2019
The Aluminium Pigment Market Report 2020-2030: Forecasts By Grade (Leafing, Non-leafing), By End-user (Paints & Coatings, Plastic, Personal Care, Printing Inks), by region and analysis of leading companies operating in this industry.
The global market size of antimicrobial powder coating is estimated to exceed USD 395 million by 2020 and is expected to grow over the forecast period at a CAGR of more than 6.4 percent. The rise in the number of coatings, paints and automotive companies is likely to boost the aluminum pigment market. Increasing automotive companies ' consumption in emerging industries such as Asia Pacific is the major factor increasing market growth. In this region the consumer rate is rising with increased manufacturing offices and production bases. The growth in disposable income increases the use of private and public vehicles. Such variables will trigger trends for significant market growth.
In the global market for aluminum pigments, improvement in the automotive industry is likely to be the key factor for growth. The use of aluminum pigments in different industries, such as personal care, insulation, plastics and paints, proves to be of high market development potential. The growth in construction business as a result of residential and non-residential project infrastructure development would fuel the sector. The increase in aluminum powder production would boost the market demand for aluminum pigment. With the large use of aluminum nanoparticles, the rise in nanotechnology is expected to broaden the demand for aluminum pigment market globally.
During the forecast period, paints & coatings are projected to be the largest application segment When water-based coatings are increasingly favored over solvent-based coatings, the market for aluminum pigments used in these coatings is expected to increase over the forecast period. Moreover, waterborne coatings have a quick dry time, excellent durability, and less odor emitted, making them a common choice among consumers.
Over the forecast period, North America is expected to hold a significant market share. The development of the region's aerospace and automotive industries is expected to fuel the region's demand for aluminum pigment. However, with various manufacturers increasing production capacities coupled with high usage potential and rising economic growth rates, demand for the commodity is expected to grow. Asia Pacific is projected to be the fastest growing region in the forecast years, as countries like India and China are improving crude oil processing methods and expanding their oil refineries. This is expected to provide tremendous growth opportunities to the global aluminum pigment market during the forecast period.
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