Aluminum Pigment Market Size, Share, Growth and Forecast 2018 to 2026

SAN JOSE, Calif. - Oct. 24, 2019 - PRLog -- According to the latest report published by Credence Research, Inc. the global aluminum pigment market accounted for US$ 418.9 Mn in 2017, expanding at a CAGR of 6.2% from 2018 to 2026.

Market Insights

The global Aluminum pigment accounted for US$ 418.9 Mn in 2017 growing with a CAGR of 6.2% during the forecast period from 2018 to 2026. Aluminum pigments are basically produced with the help of wet milling process that mainly involves mineral spirits or other types of solvents. These pigments are insoluble and appear to have color owing to the fact they absorb wavelength of light more readily than other wavelengths. Depending on surface polish, pigments can appear exceptionally bright or low sheen. These reflective and absorption properties of aluminum pigment contribute to various types of appearance of coatings and paints that finds application in automotive industry. Various applications of aluminum pigment include plastics, paints and coatings, personal care and printing inks among others. The aluminum pigment market is mainly dominated by medium and large players. Hence, the threat of new entrant is considerably low as there is little scope for new players to enter the market.

Browse the full report at  https://www.credenceresearch.com/report/aluminum-pigment-market

Rise in demand from coatings, paints and automotive industry is mainly driving the global market. Trend shows that with the increase in demand for color choices of different vehicles, the demand for aluminum pigment is also expected to rise during the forecast period from 2018 to 2026.Increase in residential and non-residential projects worldwide is expected to bolster the demand for construction industry. Aluminum pigment also finds application in construction materials, and hence with the increasing demand from construction industry, the demand for it is expected to grow in the near future. These are also used in the cosmetics and aims to reduce the bleeding effects in various cosmetic products that includes lipsticks. Increasing demand from cosmetic products is expected to trigger the personal care industry which in turn is expected to augment the demand for global aluminum pigments market. In addition, with the growing awareness among consumers related to the various coatings products with low carbon footprint, the demand for aluminum pigment is set to rise during the forecast period.