Research Nester published a report titled “Aluminum Pigments Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global aluminum pigments market in terms of market segmentation by type, form, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global aluminum pigments market is anticipated to grow with a CAGR of ~6% during the forecast period, i.e., 2023-2033. The market is segmented by end user into paints & coatings, printing inks, plastics, cosmetics and others. Out of these segments, the paints & coatings segment is anticipated to garner the largest revenue by the end of 2031. The widespread use of aluminum pigments in a variety of industries including automotive, construction, aerospace, and metallic paints is expected to fuel segment growth during the forecast period. Furthermore, the growth of the paints & coatings segment is expected to be driven by rising sales of cars, aircraft, and business jets over the forecast period.
The global aluminum pigments market is estimated to garner revenue of USD 890 Million by the end of 2031, up from revenue of USD 450 Million in the year 2021. A large increase in cosmetics sales, the demand for attractive labels in food and beverage sector, and an increase in personal premium products are some of the major factors anticipated to drive the growth of the market during the forecast period.
Geographically, the global aluminum pigments market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these region, the market in Asia Pacific is projected to garner the largest revenue by the end of 2031. The growth in the sales of passenger and luxury cars in developing countries such as India, China, and Japan, as well as the growing demand for such cars, are expected to drive market growth in the region throughout the forecast period. Further, increased R&D expenditures by the government as well as growth of the construction and automotive industries are expected to drive the aluminum pigments market over the forecast period.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Consumption of Plastics and Use of Aluminum Pigments in the Plastic Industry to Drive the Market Growth
The growth of emerging markets has led to a triple-digit increase in plastic consumption over the last 25 years. The amount of plastic produced worldwide increased from a significant million tonnes in 2000 to 450 million tonnes in 2019.
Aluminum pigments enhance both the functional properties of plastics and the aesthetic appeal of high-end automotive parts. These pigments give plastic components a glossy finish and metallic appearance. They are widely used for coatings in consumer electronics. As a result, the extensive application of aluminum pigments in plastic industry is expected to increase global aluminum pigments market size over the forecast period.
Request a Sample Copy of Concerned Market Report @ https://www.researchnester.com/sample-request-4298
However, insufficient shelf life and complicated storage of aluminum pigments and government regulations are expected to operate as key restraint to the growth of global aluminum pigments market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global aluminum pigments market which includes company profiling of Silberline Manufacturing Co. Inc., ALTANA AG, BASF SE, Kolortek Co. Ltd, Geotech International B.V., Asahi Kasei Corporation, Sun Chemical Corporation, Carl Schlenk AG, FX Pigments Pvt. Ltd, and Metaflake Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aluminum pigments market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Research Nester:
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: info@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
