Aluminum Pigments Market annual growth rate is xx percent
Aluminum Pigments Market Size and Growth Rate:
Aluminum Pigments Market was going to reach USD xx billion by 2025 and expected to grow at a CAGR of xx% during the forecast period 2016 to 2025.
Aluminum pigments are used in a variety of applications, such as automotive coatings and paints, protective coatings, and cosmetics. The product is available in three main forms, namely powder, pellets and paste. Aluminum pigments are widely used in paints and coatings because of their favorable properties, such as their ability to withstand chemical attack, constant changes in climate, high temperatures and discoloration.
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Aluminum Pigments Market Growth Drivers and Restraints:
The paint and coatings industry is one of the main drivers of growth in the aluminum pigment market. These pigments help improve the opacity of printing inks on difficult surfaces. These pigments improve the visual appeal and also improve the readability of the print. The booming automotive industry is another factor contributing to the growth of the aluminum pigment market. As customers prefer more and more car colors, the demand for aluminum pigments is expected to increase. Growth in disposable income is another important reason for market growth as it allows customers to opt for high quality automotive paints and coatings that use aluminum pigments.
It is likely that the high cost and value of machinery and raw materials will affect the market during the forecast period. They will be a serious obstacle to growth because of the assessment and innovation of the device. These factors will affect new players in the market and make it even more difficult to keep them on the market.
The personal care industry uses a lot of aluminum pigments in products such as body soaps, hair gels, shampoos, lip glosses, nail polishes and eye shadows. Aluminum pigments are preferred because they give the personal care products a very nice silver effect, which can help increase in opportunities.
The main end-users of the aluminum pigments are paints and coatings, plastics, personal care, printing inks, etc.
Geographical Analysis of Aluminum Pigments Market:
The geographical segmentation includes regions of North America, Europe, Asia-Pacific, Central and South America, and Middle East and Africa. North America is expected to have a significant market share over the forecast period. Growth in the aerospace and automotive industry in the region is expected to stimulate demand for aluminum pigments. The Asia-Pacific region is expected to experience the fastest market growth in the forecast years as countries such as India and China develop crude processing methods and expand their oil refineries.
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Key Market Players of Aluminum Pigments Market:
The main players in the aluminum pigment industry are Hefei Sunrise Aluminum Pigments Co., Ltd., BASF SE, Asahi Kasei Chemicals Corporation, Metaflake Ltd., Kolortek Co., Ltd., Carl Schlenk AG, GEOTECH, AMETEK. Inc., Toyal America, Inc and Silberline Manufacturing Co., Inc.
Aluminum Pigments Market Key Segmentation:
By Application:
- Paints & Coating
- Personal care
- Plastics
- Printing Inks
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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