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Type: PDF
Status: Syndicate
Categories: Advance Materials
Report Code : AM23
No. of Pages : 150
Aluminum pigments are coating agents for several products such as consumer electronics, automobiles, and etc. These materials can minimize the cost of the required materials and provide the coated product a glossy appearance without using a huge amount of metal. In addition to provision of metallic effect to the product, aluminum pigments also have other benefits, such as acid resistance, corrosion resistance, strength, and durability.
The global aluminum pigment market is witnessing a major growth owing to their superior qualities such as resistance to chemical attacks, discoloration, weather and harsh temperatures. Furthermore, the growth of the end-use industries such as the plastics, paints & coatings, printing inks and cosmetics across the world drives the demand for aluminum pigments. In addition, the elevating demand for alluring and decorative labels in the food & beverage industry and rising availability of pigments with low VOC will majorly accelerates the market growth. However, the heavy cost of raw materials and machine limits the market growth.
The Global Aluminum Pigments Market in 2023 was approximately USD 107.39 Million. The market is expected to grow at a CAGR of 7.85% and is anticipated to reach around USD 618.23Million by 2030.The growth in the market size is expected to be driven by the increasing demand from end user industries and advancement of innovative technologies, and localizing manufacturing thus decreasing costs of production will drive the market for aluminium pigments in aluminum pigments.
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