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Aluminum Pigment Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43910
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The aluminum pigment market share is expected to increase by USD 207.4 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.83%.

This aluminum pigment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aluminum pigment market segmentations by application (paints and coatings, plastics, printing inks, personal care products, and others) and geography (APAC, Europe, North America, MEA, and South America). The aluminum pigment market report also offers information on several market vendors, including ALTANA AG, Asahi Kasei Corp., BASF SE, Carl Schlenk AG, Carlfors Bruk AB, DIC Corp., Hefei Sunrise Aluminium Pigments Co. Ltd., Nippon Light Metal Holdings Co. Ltd., Silberline Manufacturing Co. Inc., and Zhangqiu Metallic Pigment Co. Ltd. among others.

What will the Aluminum Pigment Market Size be During the Forecast Period?

Aluminum Pigment Market Size

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Aluminum Pigment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing demand for aluminum pigment in the automotive sector is notably driving the aluminum pigment market growth, although factors such as volatility of aluminum prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aluminum pigment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aluminum Pigment Market Driver

The growing demand for aluminum pigment in the automotive sector is a major factor driving the global aluminum pigment market share growth. The demand for aluminum powder is increasing with the adoption of aluminum pigments for coatings in the automotive industry. Recent consumer traction toward high sparkle finish and intensely chromatic colors on automobile bodies have spurred the demand for aluminum pigments in the automotive industry. Automobile manufacturers also believe that consumer preference has changed from achromatic colors to more chromatic colors. Moreover, most car designs in recent times are targeting younger consumers. This demographic factor is coupled with overall consumer preference in pushing the demand for colored aluminum pigments. The recent trend of thinner coatings in the automotive industry also drives the demand for new low-aspect-ratio effect pigment particles like colored and thin-silver aluminum pigments. At present, OEMs are expanding these chromatic color series in economy cars as well. The demand for aluminum pigment is expected to increase during the forecast period owing to these factors. Therefore, the growing demand for aluminum pigments in the automotive industry will be a key volume driver for the market.

Key Aluminum Pigment Market Trend

The aluminum pigments with low VOC is another factor supporting the global aluminum pigments market share growth. The global paints and coatings market has many stringent regulations from various governments to reduce air pollution. VOCs released from these paints and coatings are the major cause of ozone layer depletion. VOCs are generally released from solvent-based paints. Hence, paints and coating manufacturers are facing a huge challenge as solvent-based pigments are used more often in paints and coatings. The recent innovation of water-based aluminum pigment might be handy in addressing the issue of the VOC emission rate. Manufacturers are also making efforts to innovate aluminum pigments with low VOC for paints and coatings. These pigments can be used both in water and solvent-based paints and coatings. Moreover, COMPAL WS is delivered in granular form, which enables easy handling, improved shelf stability, and easy transportation. With the regulations on VOC becoming more stringent globally, the innovation of aluminum pigments with low VOC will be a key trend in the future.

Key Aluminum Pigment Market Challenge

The volatility of aluminum prices will be a major challenge for the global aluminum pigment market share growth during the forecast period. The prices of aluminum are highly volatile due to a lot of external factors. The price of aluminum has been volatile mainly due to the US sanction to Rusal in April 2018. Rusal accounts for almost 6% of global aluminum production. Thus, the sanction to Rusal has halted the supply of aluminum to a larger extent. Due to this, the demand for aluminum increased, and prices shot up in April 2018. The relaxation of sanctions by the US led to a fall in the prices of aluminum in July 2018. However, the rate of decline has slowed. Price changes do not appear to be sharp and selling trade volumes remain weak. In 2020, aluminum prices witnessed high volatility, owing to the COVID-19 outbreak, which resulted in a global economic downturn. Owing to weak demand and excess supply, the prices of LME aluminum were $1,315 per ton in January 2020, which reduced to $1,230 in May 2020. Aluminum powder and pigment are extracted from aluminum. Therefore, the high volatility in the prices of aluminum in the international market will be a key price challenge for the market.

This aluminum pigment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global aluminum pigment market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aluminum pigment market during the forecast period.

Who are the Major Aluminum Pigment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ALTANA AG
  • Asahi Kasei Corp.
  • BASF SE
  • Carl Schlenk AG
  • Carlfors Bruk AB
  • DIC Corp.
  • Hefei Sunrise Aluminium Pigments Co. Ltd.
  • Nippon Light Metal Holdings Co. Ltd.
  • Silberline Manufacturing Co. Inc.
  • Zhangqiu Metallic Pigment Co. Ltd.

This statistical study of the aluminum pigment market encompasses successful business strategies deployed by the key vendors. The aluminum pigment market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ALTANA AG- The company offers aluminium pigments such as STAPA 4 Aluminum Paste, STAPA 8 Aluminum Paste, STAPA 88 n.l. Aluminum Paste, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aluminum pigment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aluminum Pigment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aluminum pigment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global specialty chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Aluminum Pigment Market?

Aluminum Pigment Market Market segmentation by region

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49% of the market's growth will originate from APAC during the forecast period. China, US and Japan are the key markets for aluminum pigment market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.

The increasing demand for paints and coatings, printing inks, and plastics in various end-user industries will facilitate the aluminum pigment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Aluminum Pigment Market?

Aluminum Pigment Market Segmentation

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The aluminum pigment market share growth by the paints and coatings segment will be significant during the forecast period. Aluminum pigments are used in paints to provide a metallic effect and to enhance their technical properties, such as corrosion resistance and conductivity. They are used in automotive paints, industrial paints, construction paints, and other decorative paints. The demand for aluminum pigments in paints and coatings is expected to be driven by greater construction activities and higher use of automotive paint globally.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aluminum pigment market size and actionable market insights on post COVID-19 impact on each segment.

 

Aluminum Pigment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.83%

Market growth 2021-2025

$ 207.4 million

Market structure

Concentrated

YoY growth (%)

6.25

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 49%

Key consumer countries

China, US, Germany, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ALTANA AG, Asahi Kasei Corp., BASF SE, Carl Schlenk AG, Carlfors Bruk AB, DIC Corp., Hefei Sunrise Aluminium Pigments Co. Ltd., Nippon Light Metal Holdings Co. Ltd., Silberline Manufacturing Co. Inc., and Zhangqiu Metallic Pigment Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Aluminum Pigment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aluminum pigment market growth during the next five years
  • Precise estimation of the aluminum pigment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aluminum pigment industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aluminum pigment market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
  • 2.2 Market characteristics
    • Exhibit 02: Market characteristics
  • 2.3 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Specialty chemicals

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Paints and coatings - Market size and forecast 2020-2025
      • Exhibit 17: Paints and coatings - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Paints and coatings - Year-over-year growth 2020-2025 (%)
    • 5.4 Plastics - Market size and forecast 2020-2025
      • Exhibit 19: Plastics - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Plastics - Year-over-year growth 2020-2025 (%)
    • 5.5 Printing inks - Market size and forecast 2020-2025
      • Exhibit 21: Printing inks - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Printing inks - Year-over-year growth 2020-2025 (%)
    • 5.6 Personal care products - Market size and forecast 2020-2025
      • Exhibit 23: Personal care products - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Personal care products - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Application
      • Exhibit 27: Market opportunity by Application

    6 Customer landscape

    • 6.1 Customer landscape
      • Exhibit 28: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 33: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 35: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 39: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 40: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 41: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 42: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 43: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 44: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 45: Landscape disruption
          • Exhibit 46: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 48: Market positioning of vendors
          • 10.3 ALTANA AG
            • Exhibit 49: ALTANA AG - Overview
            • Exhibit 50: ALTANA AG - Business segments
            • Exhibit 51: ALTANA AG - Key news
            • Exhibit 52: ALTANA AG - Key offerings
            • Exhibit 53: ALTANA AG - Segment focus
          • 10.4 Asahi Kasei Corp.
            • Exhibit 54: Asahi Kasei Corp. - Overview
            • Exhibit 55: Asahi Kasei Corp. - Business segments
            • Exhibit 56: Asahi Kasei Corp. - Key offerings
            • Exhibit 57: Asahi Kasei Corp. - Segment focus
          • 10.5 BASF SE
            • Exhibit 58: BASF SE - Overview
            • Exhibit 59: BASF SE - Business segments
            • Exhibit 60: BASF SE - Key offerings
            • Exhibit 61: BASF SE - Segment focus
          • 10.6 Carl Schlenk AG
            • Exhibit 62: Carl Schlenk AG - Overview
            • Exhibit 63: Carl Schlenk AG - Product and service
            • Exhibit 64: Carl Schlenk AG - Key offerings
          • 10.7 Carlfors Bruk AB
            • Exhibit 65: Carlfors Bruk AB - Overview
            • Exhibit 66: Carlfors Bruk AB - Product and service
            • Exhibit 67: Carlfors Bruk AB - Key offerings
            • Exhibit 68: Carlfors Bruk AB - Segment focus
          • 10.8 DIC Corp.
            • Exhibit 69: DIC Corp. - Overview
            • Exhibit 70: DIC Corp. - Business segments
            • Exhibit 71: DIC Corp. - Key offerings
            • Exhibit 72: DIC Corp. - Segment focus
          • 10.9 Hefei Sunrise Aluminium Pigments Co. Ltd.
            • Exhibit 73: Hefei Sunrise Aluminium Pigments Co. Ltd. - Overview
            • Exhibit 74: Hefei Sunrise Aluminium Pigments Co. Ltd. - Product and service
            • Exhibit 75: Hefei Sunrise Aluminium Pigments Co. Ltd. - Key offerings
          • 10.10 Nippon Light Metal Holdings Co. Ltd.
            • Exhibit 76: Nippon Light Metal Holdings Co. Ltd. - Overview
            • Exhibit 77: Nippon Light Metal Holdings Co. Ltd. - Business segments
            • Exhibit 78: Nippon Light Metal Holdings Co. Ltd. - Key offerings
            • Exhibit 79: Nippon Light Metal Holdings Co. Ltd. - Segment focus
          • 10.11 Silberline Manufacturing Co. Inc.
            • Exhibit 80: Silberline Manufacturing Co. Inc. - Overview
            • Exhibit 81: Silberline Manufacturing Co. Inc. - Product and service
            • Exhibit 82: Silberline Manufacturing Co. Inc. - Key offerings
          • 10.12 Zhangqiu Metallic Pigment Co. Ltd.
            • Exhibit 83: Zhangqiu Metallic Pigment Co. Ltd. - Overview
            • Exhibit 84: Zhangqiu Metallic Pigment Co. Ltd. - Product and service
            • Exhibit 85: Zhangqiu Metallic Pigment Co. Ltd. - Key offerings

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 86: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 87: Research Methodology
              • Exhibit 88: Validation techniques employed for market sizing
              • Exhibit 89: Information sources
            • 11.4 List of abbreviations
              • Exhibit 90: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Aluminum Pigment Market market growth will increase by $207.4 mn during 2021-2025.
            The aluminum pigment market market is expected to grow at a CAGR of 7.83% during 2021-2025.
            Technavio has segmented the aluminum pigment market market by application (paints and coatings, plastics, printing inks, personal care products, and others) ,geography (APAC, Europe, North America, MEA, and South America) , and geographic (APAC, Europe, North America, MEA, and South America).
            ALTANA AG, Asahi Kasei Corp., BASF SE, Carl Schlenk AG, Carlfors Bruk AB, DIC Corp., Hefei Sunrise Aluminium Pigments Co. Ltd., Nippon Light Metal Holdings Co. Ltd., Silberline Manufacturing Co. Inc., Zhangqiu Metallic Pigment Co. Ltd. are a few of the key vendors in the aluminum pigment market market.
            APAC will register the highest growth rate of 49% among the other regions. Therefore, the aluminum pigment market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the aluminum pigment market market growth are:
            • Growing demand for aluminum pigment in the automotive sector
            • Aluminum pigments with low VOC
            The aluminum pigment market market vendors should focus on grabbing business opportunities from the paints and coatings segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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