Aluminum Pigments Market: Global Opportunity Analysis and Industry Forecast, 2020 - 2027 Market

Aluminum Pigments Market Analysis 

Aluminum pigment refers to a type of pigment that provides silver color with excellent metallic effects. It is manufactured by wet-milling process that includes mineral spirits and other solvents. It is primarily used to obtain lustrous, glossy, and shiny effects in the automobile industry. 

Aluminum pigment offers properties, such as resistance to chemical attacks, discoloration, weather, and harsh temperatures, which make it essential in the paints and coating industry. It is commonly used across various industries such as automotive coatings & paints, protective coatings, and cosmetics.

COVID–19 scenario analysis

The coronavirus outbreak has created an adverse effect on the food & beverages industry. The worldwide lockdown has made consumers to stay home and reduce outside eating habits. This has suspended the growth of the food & beverages industry. Moreover, supply chain disruptions have further reduced the demand for packaged food. Therefore, this has reduced the demand for aluminum pigments, which are used for attractive labeling of packaged food products. Moreover, the outbreak has also reduced the demand for the cosmetics industry as people avoid going to social gatherings to prevent the spread of the virus.

Market scenario analysis

The rise in demand for aluminum pigments in the automotive industry is expected to accelerate the market growth over the forecast period. Rapid economic growth in various developing countries has resulted in a constant rise in disposable income, resulting in strong automotive sales. Technological advancements in the automotive and aerospace industries and increase in R&D activities across various developing countries are expected to offer lucrative opportunities for the market growth.

Market trend

One of the major trends observed is the use of aluminum pigments in several personal care products such as, mascara, blushers, shampoos, eye shadows, nail varnishes, body washes, and creams. Therefore, increase in development in the cosmetics industry is estimated to fuel the aluminum pigments market over the forecast period.

Another recent trend observed in the aluminum pigments market is the introduction of aluminum nanopowder, which currently influences the market. Moreover, increase in preference towards nanotechnology in various applications is another factor that is expected to boost the growth of the aluminum pigments market.

Further, various technological advancements in the process of manufacturing aluminum pigments is expected to generate lucrative opportunities for the market over the forecast period. The rise in demand for aluminum pigment in the automotive industry coupled with the demand for attractive & decorative labels in the food & beverage sector is further expected to boost the market growth over the forecast period.

Market restraints

Stringent government policies regarding mining activities and the availability of alternatives are the major factors that hamper the market growth. Moreover, strict regulation against the usage of toxic organic chemicals in the production of aluminum pigment further restrains the growth of the market. The combustible nature of the product may cause various problems for the packing industry. When the product comes in contact with air, it may result in disastrous explosions. As a result, specially designed fire-resistant storage and strict packaging techniques are required, which are expected to reduce the demand for aluminum pigments.

Regional insights

North America is expected to dominate the global aluminum pigments market over the forecast period. This is due to rise in production capacity and increase in demand from automotive industries in the region. Asia-Pacific is also expected to register significant growth over the forecast period, owing to the rise in demand for these pigments in major industries. The Middle East & Africa is expected to be a lucrative market for aluminum pigment due to the growth of the automotive industry in this region.

Key benefits of the report:

• This study presents the analytical depiction of the aluminum pigments market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the aluminum pigments market share.
• The current market is quantitatively analyzed to highlight the aluminum pigments market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the aluminum pigments market research report:

• Which are the leading market players active in the market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Aluminum Pigments Market: Global Opportunity Analysis and Industry Forecast, 2020 – 2027 Report Highlights