Large and mid-sized companies are the key providers in the global
aluminum pigments market. Nearly 48% of the global aluminum pigments
market was occupied by the top six players, viz. Zhangqiu Metallic
Pigment Co. Ltd., Sun Chemical Corporation, Carlfors Bruk AB, Carl
Schenk AG, Silberline Manufacturing Co. Inc., and Altana AG. Of
these, Altana AG was the leading player in 2015, through a wide array
of production sites and types of aluminum pigments.
According to the analysts at Transparency Market Research, the threat
of new entrants will be low between 2015 and 2023, owing to the
significantly high trust value achieved by the top players, the high
cost of entry with regards to installation of machinery and raw
materials, and the overall high level of difficulties in the
assessment of equipment and technologies.
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From a regional perspective, Asia Pacific nations – specifically
India and China – are expected to provide the largest growth
opportunities for players in the global aluminum pigments market for
the coming years, owing to their rapidly developing industries and a
high demand for aluminum pigments.
Automotive
Industry Boom Carries Global Aluminum Pigments Market Growth Rate
The paints and coatings industry has long since been the single
largest user of aluminum pigments. The paints and coatings industry
is currently finding major opportunities in the automotive sector,
owing to this industry’s rapid rate of growth especially in
emerging economies. The high demand for paints and coatings in the
automotive sector is therefore bringing forth major growth
opportunities for the global aluminum pigments market. “It is
currently the top driver for the sales of aluminum pigment,” states
a TMR analyst. “The automotive industry boom is significantly
higher in emerging economies such as China, India, and Brazil, and
that is where the global players should be looking for better sales
and production opportunities.”
The automotive industry from the emerging economies is not only
witnessing a growth in consumer numbers, but is also experiencing a
greater sway of color preferences from the consumers. Car color has
always held a high aesthetic value among consumers, and the
increasing rate of disposable income has allowed them to demand for
higher quality automobile paints and coatings, most of which utilize
aluminum pigments.
Growing
Environmental Concerns Drive Players Towards Eco-friendly Aluminum
Pigment Products and Processes
The increasing carbon footprint of industries is rapidly becoming a
major cause of concern for countries. As a result of the regulatory
pressure exerted over the production of pigments and chemicals that
might pose harm to the environment, manufacturers are increasingly
shifting towards eco-friendly methods and products. This includes
advanced inhibition systems that can produce waterborne aluminum
pigment applicants.
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Expanding at a CAGR of 6.4% in terms of revenue, the global aluminum
pigments market is expected to be valued over US$581 mn in 2024. It
was declared to hold a total revenue of slightly over US$332 mn in
2015. In terms of volume, the global aluminum pigments market was
recorded at close to 46 kilo tons in 2015. The paints and coatings
industry is largely responsible tin driving the global aluminum
pigments market. The revenue generated by this market from the paints
and coatings industry in 2015 was around US$21 mn.
The above data was collated from a research report released by TMR,
titled “Aluminum Pigments Market for Paints & Coatings,
Plastics, Personal Care, Printing Inks, and Other End-users –
Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2016–2024.”
Key Segments of the Global Aluminum Pigments Market
Aluminum
Pigments Market – End-user Analysis
- Paints & Coatings
- Plastics
- Personal Care
- Printing Inks
- Others (Including Construction Materials, etc.)
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