Aluminum Pigments Market - growth, trends, covid-19 impact, and forecasts (2021 - 2027)
The Global Aluminum pigment market is categorized
into five regions based on geography, namely–North America, Europe, Asia
Pacific, Latin America and the Middle East & Africa. Among them, North
America was one of the largest market share holder as of 2016 and is predicted
to grow with a healthy CAGR over the assessment period. The Middle Eastern
& African market is categorized into Iraq, the United Arab Emirates, Saudi
Arabia, Iran, and Kuwait. Aforementioned nations are predicted to drive the
demand for aluminum pigment in the upcoming years. Due to presence of matured
oil reserves and oil refineries, it is anticipated that the aluminum pigment
based protective coatings for industrial machinery utilization will be higher.
Moreover, the rising demand for aluminum pigment based architectural coatings
consumption in the Middle East & African countries is predicted to fuel the
growth of the market. In North America, the aluminum pigment market is
predicted to grow with the highest CAGR during the assessment period, 2017 to
2023. Furniture coatings and protective coatings for aerospace industry is the
main area for aluminum pigment consumption in the region, as majority of
furniture and aerospace vehicles produced are in North America.
European Aluminum
Pigment Market is classified into Russia, Germany, U.K, Spain, Italy, and
France are expected to be the dominant region on account of the increasing
automobile manufacturing coupled with increasing innovation. Moreover, robust
presence of automobile manufacturers along with the increasing consumption of
lubricants is predicted to fuel the demand for aluminum pigment over the
assessment period. In Latin America, countries such as Brazil and Mexico are
expected to witness a decline in the market growth on account of the financial
and political turmoil. Asia Pacific is predicted to be a healthy growing market
due to the emerging crude oil processing as well as rapid industrialization in
India and China. Moreover, rising number of passenger cars and heavy duty
vehicles along with increased usage of aluminum pigment based coatings is
expected to drive the demand for aluminum pigment in this region.
Segmentation
The global aluminum pigment market is categorized on the basis
of form, end use industry, and region. On the basis of form, the market is
bifurcated into paste, powder, and pellets. On the basis of end user industry,
the aluminum pigment market is categorized into paints & coatings,
printing, cosmetics, plastics and others. On the basis of region, the market is
categorized into Asia Pacific, Europe, Latin America, North America, and the
Middle East & Africa.
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Key Players
Some of the prominent
players operating in the global aluminum pigment market are BASF SE (Germany), Kolortek Co., Ltd (China),
Carl Schlenk AG (Germany), Silberline Manufacturing Co., Inc. (U.S.),
AMETEK.Inc. (U.S.), GEOTECH (the Netherlands), HEFEI SUNRISE ALUMINIUM PIGMENTS
CO., LTD. (China), Asahi Kasei Chemicals Corporation (Japan), Toyal America, Inc.
(U.S.), and Metaflake Ltd (U.K)
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