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Mission-critical Projects with Paints Generate Revenue Streams amid Coronavirus Pandemic

Poor market sentiments have slowed down the global economic pace during the coronavirus outbreak. Companies in the aluminum pigments market are focusing on mission-critical projects in paints, printing inks, and plastics to keep economies running amid the ongoing pandemic. They are entering into mergers & acquisitions (M&A) to add value to products. Market stakeholders are opting for data-driven decisions to consciously invest in new regions and end-use cases.

Manufacturers in the aluminum pigments market are adapting to the plug and play mode in production activities to adjust to the volatile demand & supply trends. As such, lowering of COVID-19 cases and vaccination programs are reviving the global economy. Chemical companies are leveraging government stimulus packages to stay financially afloat.

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Short Shelf Life and Controlled Storage of Aluminum Pigments Creates Challenges for Manufacturers

Remarkable color pureness and translucence of aluminum pigments are gaining popularity. However, few disadvantages of alumina effect pigments is that they have a short shelf life and need to be in a controlled storage area & container. Nevertheless, aluminum pigments have more advantages such as their flexibility in the use for water-based and solvent-based coatings. Aluminum pigments are extremely light reflective, which includes infrared and UV (ultraviolet) applications.

The aluminum pigments market is slated to clock a CAGR of 6.25% during the forecast period. The right type of binder mixed with aluminum pigments can provide a solid resistant coating on surfaces that can last for an extended period.

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Quantum Leap in Aqueous Systems Being Achieved with Aluminum Pigments

The aluminum pigments market is expected to reach the valuation of US$ 891.9 Mn by 2031. Manufacturers are increasing the availability of an innovative range of aluminum pigments for aqueous systems that enable applications with a broad array of visual effects. ECKART - an international manufacturer of metallic and pearlescent pigments for the paints & coatings industry, is gaining recognition for its newly developed STAPA® IL HYDROLANplus pigments containing aluminum particles encapsulated in transparent and very compact silicate.

Manufacturers in the aluminum pigments market are boosting the production of particles that provide a specialist solution for challenging aqueous systems.

Companies Adopt Sophisticated Processes to Meet Legislative Requirements for Waterborne Coatings

Companies in the aluminum pigments market are bolstering research in particles that provide the most appealing effects in paints and coatings. Silberline - a global provider of aluminum effect pigments, is building its product portfolio in aluminum pigments that are being extensively used in automotive, plastics, and graphic arts applications. With a wide range of particle sizes, geometry, and delivery form options, the possibilities of applying aluminum pigments in different end-use cases is enormous.

Manufacturers in the aluminum pigments market are unlocking incremental opportunities in waterborne coatings. Thus, to boost credibility, companies are achieving high level of sophistication and performance in aluminum coatings to meet legislative requirements for waterborne coatings.

Revenue Opportunities in Powder Coatings Contribute to Market Expansion

Different flake shapes of aluminum pigments such as conventional, lenticular, non-degradable, and physical color deposition are gaining popularity. Companies in the aluminum pigments market are expected to join forces with researchers to develop various chemistries in order to optimize the interaction of aluminum flake surface for imparting outstanding performance in various applications. Deploying optimum aesthetics with the help of waterborne coatings induced with aluminum pigments have become crucial in various end-use applications.

Apart from paints, companies in the aluminum pigments market are tapping into revenue opportunities in powder coatings. This involves the manufacture of aluminum pigments using the specialized ball-milling process at the first stage and eventually followed by other procedures. Leafing aluminum pigments are being produced using stearic acid, also known as saturated carboxylic acid as the lubricant, which is absorbed onto the surface of the aluminum pigment.

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Analysts’ Viewpoint

Companies in the aluminum pigments market are maintaining optimum inventory levels for the production to meet the volatile demand for products during the coronavirus outbreak. Bright and reflective finishes with power coatings are achieved using leafing grade aluminum pigments. However, alumina effect pigments need to be produced by adhering to legislative requirements, owing to health risks for individuals. In order to achieve this, manufacturers should collaborate with researchers to develop innovative chemistries using aluminum pigments. On the other hand, aluminum pigments are gaining prominence in solvent-borne coatings and automotive coatings. Aluminum pigments add value to these coatings by increasing their aesthetic value and improving functional attributes of the finished coating film.

Aluminum Pigments Market: Overview

  • According to Transparency Market Research’s latest research report on the global aluminum pigments market for the historical period of 2020 and the forecast period of 2021 to 2031, latent demand for aluminum pigments among end-use industries (automotive coatings, plastic coatings, and printing), owing to their esthetics as well as functional properties is anticipated to boost the aluminum pigments market during the forecast period
  • In terms of revenue, the global aluminum pigments market is expected to reach US$ 891.9 Mn by 2031, expanding at a CAGR of 6.25% during the forecast period. Based on application, pigments can be segregated into three categories: inorganic pigments, organic pigments, and specialty pigments. Aluminum pigments fall under the specialty pigments category. These pigments impart metallescent effect or sparkle and glitter effect when applied. Aluminum pigments also meet functional requirements. For instance, they offer enhanced corrosion protection as well as enhanced conductivity to the surface on which they are applied.

Rise in Usage of Aluminum Pigments in Plastic Industry: Key Driver of Aluminum Pigments Market

  • Generally, the wet milling process is performed on aluminum flakes or aluminum powder to convert them into aluminum pigments. Based upon the geometry of the aluminum pigment, aluminum pigments used for applications in the plastic industry are divided into three types: flat thin flake, lenticular flake (aluminum pigment in the shape of flat ellipse), and spherical pigment. Excellent hiding (opacity), metallic appearance, high gloss, as well as high sparkle effects can be achieved on plastics with the help of aluminum pigments.
  • Aluminum pigments offer consistent appearance and enhanced functional properties to thermoset plastics and thermoplastic plastics that are used in commodity items as well as high-end automotive components. In the plastic industry, aluminum pigments are suitable specifically for masterbatches and compounding. A masterbatch is an ingredient, wherein pigments are dispersed at higher concentration and are used for coloring plastics.
  • Advanced plastics and polymer composites are being widely used in automotive design, owing to their lightweight as well as improved esthetics. Many automotive players rely on plastic and polymer composites to meet consumer expectations. Aluminum pigments impart metallic effect to these high-end plastics as well as composites. Thus, rise in consumption of plastics and composites in automotive design is expected to boost the demand for aluminum pigments during the forecast period.
  • Aluminum pigments offer gloss finish as well as metallic effect to plastic components. They are widely used for the purpose of coating in the consumer electronics industry. Consumer electronics products include mobile devices, wearables, TVs, laptops, tablets, computers, appliances, and white goods.
  • Esthetic appeal and ergonomic layout have significant effects on consumers’ buying decision. Aluminum pigments offer diverse visual effects to consumer products. They also provide functional abilities such as corrosion inhibition and vapor barrier.
  • Rise in disposable income of the people in developing countries is fueling the consumer electronics industry. For instance, according to the Retailers Association of India (RAI), sales of consumer electronics and appliances in the third quarter of FY21 increased by 23.5% compared to the same period in the previous financial year. Furthermore, production of electronic hardware in the country increased from US$ 72.38 Bn in 2019 to US$ 89.38 Bn in 2020. Demand for electronic hardware in India is expected to reach US$ 400 Bn by the end of 2024.
  • Most of the consumer electronics equipment is manufactured from plastics. Thus, growth of the consumer electronics industry is anticipated to propel the utilization of plastics. This, in turn, is projected to augment the aluminum pigments market in the near future.

Growth of Cosmetics Industry: Determining Driver of Aluminum Pigments Market

  • Cosmetics & personal care is one of the major end-use industries of aluminum pigments. Formulation of several products such as lipsticks, eye shadow, nail lacquers, makeup, mascara, blushers, shampoo, body wash, lotions, and cream requires special effect pigments. Aluminum pigments are widely used in these products to bring about glossy and lustrous effects.
  • The global cosmetics industry has been witnessing stable growth since the last few years. This trend is projected to continue during the forecast period. Makeup, skin care, and hair care are the key product segments of the cosmetics industry. Aluminum pigments are used in these segments. Demand for these products has increased significantly over the last years.
  • Thus, growth of the cosmetics & personal care industry is estimated to drive the demand for aluminum pigments in the near future owing to the rise in economy and increase in purchasing power parity of consumers in developing regions of the world

Aluminum Pigments Market: Competition Landscape

  • Detailed profiles of providers of aluminum pigments have been provided in the global aluminum pigments market report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global aluminum pigments market are
    • Alba Aluminiu
    • Altana
    • Asahi Kasei Corporation
    • Carlfors Bruk
    • Carl Schlenk AG
    • GEOTECH
    • Metaflake Ltd.
    • MEPCO
    • Silberline Manufacturing Co.
    • Toyo Aluminium K.K.
    • BASF SE
    • Sun Chemical

Aluminum Pigments Market: Key Developments

  • Major providers of aluminum pigments, such as Silberline Manufacturing Co., Sun Chemical, and Carl Schlenk AG, are focusing on increasing the production of value-efficient aluminum pigments to attract higher number of customers. Key developments in the global aluminum pigments market are highlighted below:
    • In June 2021, Sun Chemical and DIC Corporation acquired BASF SE’s global pigments business known as BASF Colors & Effects (BCE). The purchase would broaden Sun Chemical’s portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, inks, plastics, and specialty applications. With over 30 pigment production facilities worldwide between DIC Corporation and BASF Colors & Effects (BCE), the company’s pigment portfolio would offer broader product categories related to effect pigments, inorganic pigments, organic pigments, specialty dyes, and pigment preparations.
    • In June 2020, Silberline Manufacturing Co. launched AQUAVEX Plus (aluminum pigments in granule form), which was specifically designed to deliver excellent performance in water-based inks. The product offers good adhesion and a full gamut of effects from very high opacity to extremely bright metallic effects.
    • In January 2020, Carl Schlenk AG expanded its product line with the launch of Zenexo, a new effect pigment for automotive and waterborne coatings. Zenexo is the Carl Schlenk AG brand for effect pigments based on UTP-technology for coating, plastic, and printing applications. It offers outstanding hiding power and superior flop; and is classified as a non-hazardous material. UTP-technology (ultra-thin pigment technology) is a unique technology from Carl Schlenk AG that enables substrates with reproducible and perfectly uniform thickness distribution and an unmatched aspect ratio. It is based on an ultra-thin aluminum substrate encapsulated with silica. Carl Schlenk AG holds several patents related to this technology.
  • In the global aluminum pigments market report, we have discussed individual strategies, followed by company profiles of providers of aluminum pigments. The ‘Competition Landscape’ section has been included in the global aluminum pigments market report to provide readers with a dashboard view and company market share analysis of key players operating in the aluminum pigments market.

Aluminum Pigments Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 465.4 Mn

Market Forecast Value in 2031

US$ 891.9 Mn

Growth Rate (CAGR)

6.25%

Forecast Period

2021-2031

Quantitative Units

US$ Thousand for Value & Tons for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, supply chain analysis, and parent industry overview

Competition Landscape

  • Market Share Analysis, by Company (2020)
  • Company Profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Type
    • Leafing
    • Non-leafing
  • Form
    • Paste
    • Pellet
    • Powder
    • Others
  • Application
    • Paints & Coatings
    • Plastics
    • Personal Care
    • Printing Inks
    • Others

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • France
  • U.K.
  • Italy
  • Russia & CIS
  • China
  • Japan
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC Countries
  • South Africa

Companies Profiled

  • Alba Aluminiu
  • Altana
  • Asahi Kasei Corporation
  • Carlfors Bruk
  • Carl Schlenk AG
  • GEOTECH
  • Metaflake Ltd.
  • MEPCO
  • Silberline Manufacturing Co.
  • Toyo Aluminium K.K.
  • BASF SE
  • Sun Chemical

Customization Scope

Available upon Request

Pricing

Available upon Request

Aluminum Pigments Market – Scope of Report

The latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the aluminum pigments market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the aluminum pigments market in order to identify opportunities for stakeholders. The report also provides insightful information about how the aluminum pigments market would expand during the forecast period of 2021 to 2031.

The report offers intricate dynamics about different aspects of the aluminum pigments market, which aids companies operating in the market in making strategic decisions. TMR’s study also elaborates on the significant changes that are anticipated to configure growth of the aluminum pigments market during the forecast period. It also includes key indicator assessment that highlights growth prospects for the aluminum pigments market and estimates statistics related to the market in terms of volume (tons) and value (US$ thousand).

This study covers detailed segmentation of the aluminum pigments market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the aluminum pigments market, wherein various development, expansion, and winning strategies practiced by these players have been presented in detail.

Key Questions Answered in TMR’s Report on Aluminum Pigments Market

The report provides detailed information about the aluminum pigments market on the basis of comprehensive research on various factors that are playing a key role in accelerating the growth of the market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the global market and are looking for innovative methods to create a unique benchmark in the global market so as to help them design successful strategies and make target-driven decisions.

  • Which segment of the aluminum pigments market would emerge as a major revenue generator during the forecast period?
  • How are key market players successfully earning revenue in the aluminum pigments market?
  • What would be the Y-o-Y growth trend of the aluminum pigments market between 2021 and 2031?
  • What are the winning imperatives of leading players operating in the aluminum pigments market?

Research Methodology – Aluminum Pigments Market

The research methodology adopted by analysts for compiling the report on the aluminum pigments market is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information obtained and legitimated by market-admissible sources, analysts have offered riveting observations and authentic forecasts of the aluminum pigments market.

During the primary research phase, analysts have interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine sources, analysts have emphasized the changing scenario of the aluminum pigments market.

For secondary research, analysts have scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the aluminum pigments market.

Aluminum Pigments Market – Segmentation

TMR’s research study assesses the aluminum pigments market based on type, form, application, and region. The report presents extensive market dynamics and progressive trends associated with different segments and how they are influencing growth prospects of the aluminum pigments market.

Type
  • Leafing
  • Non-leafing
Form
  • Paste
  • Pellet
  • Powder
  • Others (including Flakes and Granular)
Application
  • Paints & Coatings
  • Plastics
  • Personal Care
  • Printing Inks
  • Others (including AAC Blocks and Detonators)
Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Custom Market Research Services

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Aluminum Pigments Market