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Aluminum Pigments Market in North America Is Forecast to Exceeding 6% CAGR from 2019 To 2024

Author : Ronak Bora | Published Date : 2019-08-08 

Aluminum Pigments Market in 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.

Aluminum Pigments Market In 2016, the Asia Pacific share for the aluminum pigments was nearly USD 120 million with projected growth over 7% CAGR by 2024. Cumulative demand for family cars, in China, South Korea, Japan and India, owing to their rapid economic development will propel the regional market growth.

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The commercialization potential of aluminum pigments market is quite evident from the growing number of strategic partnerships outlining the competitive terrain. Recently, Nexeo Solutions Inc., a giant in the chemicals & plastic distribution industry has entered into a corporate partnership with Silberline Manufacturing Company Inc., a global supplier of high quality aluminum pigments. As per market experts, this strategic move is expected to strengthen the business position of both the firms in the overall aluminum pigments industry with a better value chain and an expanded product portfolio.  Such strategic acquisitions and expansions are quite common in aluminum pigments market to address the increasing product demand from varied end use industries like automotive, construction, and paints & coatings.

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.

Other than the automotive industry, plastic is another prominent end-use segment further catalyzing the growth of aluminum pigment industry. As per the estimates, aluminum pigments market share from plastic applications is projected to record an annual growth rate of 6% over 2017-2024.

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.

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 aluminum pigments market 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 3.  Aluminum Pigments Market Insights

3.1.  Aluminum Pigments Market segmentation

3.2.  Aluminum Pigments Market size and forecast, 2013 - 2024

3.3.  Aluminum Pigments Market ecosystem analysis

3.3.1.     Vendor matrix

3.3.2.     Distributor channel analysis

3.4.  Industry impact forces

3.4.1.     Growth drivers

3.4.1.1.    Rising demand in the automotive industry

3.4.1.2.    Developing cosmetics sector

3.4.2.     Industry pitfalls & challenges

3.4.2.1.    Operational hazards related to aluminum pigments

3.4.2.2.    Environmental concerns pertaining to product usage in solvent borne systems

3.5.  Growth potential analysis

3.6.  Regulatory trends

3.6.1.     U.S.

3.6.2.     Europe

3.6.3.     China

3.7.  Porter’s analysis

3.8.  Company market share analysis, 2016

3.8.1.     Strategic landscape

3.9.  PESTEL analysis

3.10.  Regional price trends

3.10.1.   Cost structure analysis

3.10.2.   Raw material trends

Chapter 4.  Aluminum Pigments Market, By Grade

4.1.  Global aluminum pigments market share by grade, 2016 & 2024

4.2.  Leafing

4.2.1.     Market estimates and forecasts, 2013 - 2024

4.2.2.     Market estimates and forecasts by region, 2013 – 2024

4.3.  Non-leafing

4.3.1.     Market estimates and forecasts, 2013 - 2024

4.3.2.     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

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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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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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