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As per the report by Global Market Insights, Inc., “Worldwide Aluminum Pigments Market was valued USD 350 million in 2016 and will surpass a revenue collection of USD 580 million by 2024 with an annual growth rate of 6.5% over 2017 to 2024.”The aluminum pigments Market will be driven by the mounting demand for cosmetic products in the forecast period. In 2016, the cosmetics industry had generated over 290 million, and is expected to flourish at a significant rate till 2024. The growth is attributed to the increasing income levels and spending power of consumers. Aluminum pigments are widely used in cosmetics to provide metallic luster and color and also to inhibit sweat-flow. These unique properties will drive the market in the forecast period.
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Growing demand for aesthetically improved automobiles with lustrous paint is probable to augment the global aluminum pigments market by 2024. In 2016, global passenger car sales surpassed 35 million units, with more than 24 million units in China. The product features driving its demand in the forecast period include better abrasion and corrosion resistance coupled with rising product application in exterior and interior coatings, automotive OEM parts and repair & refinishing works
Aluminum pigments are widely used in printing inks to give metallic effect to labels, leather, films, packaging materials, and brochures. The use of leafing grade products gives printing inks a lustrous and brilliant effect. These grades also increase the brightness and impart a glossy finish to the surface, thereby making it applicable to the cosmetics industry. The personal care application segment within aluminum pigments market is anticipated one of the fast-growing segment at a CAGR of 6.5% over 2017-2024. Rising demand for personal care and cosmetics products, particularly in Asia Pacific has fueled aluminum pigment market demand.
The latest trend of aesthetically designed customized vehicles with lustrous paints is expected to stimulate aluminum pigments market valuation, which is forecast to exceed USD 580 million by 2024, with a projected CAGR of 6.5% over 2016-2024. In the automotive paints and protective coatings, aluminum pigments are primarily used to improve the appearance of the vehicle. As per statistics, overall paints & coatings is one of the prominent end-use application of aluminum pigments market and accounted for more than 40% of the overall industry share.
North America will generate revenue over 130 million in the forecast period, rising with nearly CAGR 6%. Growing automotive industry, decorative coatings market and the stable demand for cosmetic products are likely to drive the regional market in the forecast period.
Speaking of the geographical trends, Asia Pacific is one lucrative belt where the aluminum pigments market demand is notably high from automotive applications. Asia Pacific aluminum pigments industry having had a revenue of USD 120 million in 2016, is slated to collect substantial revenue with an annual growth rate of above 7% over the coming seven years. The attributing factor toward the regional growth is the surging use of the printing inks for the advertisements and magazines.
Browse key industry insights spread across 110 pages with 140 market data tables & 14 figures & charts from the report, “Aluminum Pigments Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/aluminum-pigments-market
In 2016, the industry space was quite consolidated with the top four participants – Altana, Carl Schlenk, Silberline, and Carlfors Brukhaving, having shared more than 30% of the overall business fraternity. The other prominent names in this industry include Toyal America, Inc., Alba Aluminiu, Zhangqiu Metallic Pigment Co., Ltd., Metaflake Ltd., and Sun Chemical.
Glimpse of Table of Content (ToC)
Chapter 5. Aluminum Pigments Market, By End-user
5.1. Global industry share by end-user, 2016 & 2024
5.2. Paints & coatings
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Plastic
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Personal care
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Printing inks
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Others
5.6.1. Market estimates and forecasts, 2013 - 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/aluminum-pigments-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Website: https://www.gminsights.com/pressrelease/aluminum-pigments-market
Release ID: 88910493
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