Aluminum pigments Market to Expand with Growing Use of Matte-Finish Coatings in Interior Designing

Aluminum pigments Market to Expand with Growing Use of Matte-Finish Coatings in Interior Designing

PR Newswire

ALBANY, N.Y., Dec. 15, 2020

- Advancements in chemical research have enabled manufacturers to discover new properties of Aluminum pigment. This has helped the vendors in capitalising on the novel properties of Aluminum pigments to attract more customers

- Use of Aluminum pigments in manufacturing surface paints and coatings is projected to reap in fresh revenues for the market vendors

ALBANY, N.Y., Dec. 15, 2020 /PRNewswire/ -- The global aluminum pigments market is projected to increase at a stupendous pace in the years to follow. Aluminium is an abundantly available metal that can be drawn into multiple forms and sheets. The chemical research sector has invested hefty amounts toward exploring advanced properties of pure and blended forms of aluminium. This has also brought aluminum pigments under the spotlight of industry players in recent years. Ease of manufacturing aluminium oxide that is later used for manufacturing alumina-based pigments has also contributed to the growth of the global aluminum pigments market. It is worthwhile to note that flakes of aluminium oxide attract high prices in the market, creating new growth opportunities for the respective vendors.

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Alumina platelets are manufactured via an extensive process that involves the use of smooth aluminium oxide flakes. Use of the crystal growth process adds to the final cost of the end products. Therefore, aluminum pigments correspond to a premium segment of products within the global chemical industry. Despite the high cost of these products, the demand within the global aluminum pigments has skyrocketed in recent years. This trend can be attributed to the growing usage of aluminum pigments in construction applications and interior designing.

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The total value of the global aluminum pigments market is projected to reach US$ 706 Mn by the end of 2027, rising up from an estimated value of US$ 397.7 Mn in 2018. The global aluminum pigments market is expected to expand at a CAGR of 6.6% over the forecast period ranging from 2019 to 2027. Popularity of alumina-based products in the construction and manufacturing industries is behind the stellar growth rate of the global aluminum pigments market.

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Key Findings of Market Report

The use of aluminum pigments for giving a smooth and metallic lustre to walls and surfaces has generated fresh demand within the global market. The domains of architecture and interior designing have undergone rapid sophistication as aesthetic designs become the order of these industries. The spending capacity of the masses has increased in recent times, leading them to invest high sums of money toward beautification of hallways, rooms, and courtyards. The hospitality sector has become extremely focused on the use of aesthetic materials for designing building elements. Therefore, the global aluminum pigments market is attracting fresh revenues from multiple streams.

The personal grooming and wellness industries have lately generated several streams of revenues for various industries and vendors. Use of aluminum pigments in personal care products has become a resilient dynamic of market growth and expansion. Besides, the unprecedented popularity of effective skincare products and lotions amongst men and women alike is also an important dynamic of market expansion.

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Global Aluminum pigments Market: Growth Drivers

Global Aluminum pigments Market: Key Vendors

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Aluminum pigments Market: Segmentation

End-user

Regional Analysis

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Metallic Stearates Market - In terms of type, the global metallic stearates market has been divided into aluminum stearates, calcium stearates, magnesium stearates, zinc stearates, sodium stearates, and others. Sodium stearates is projected to be a highly lucrative segment of the global metallic stearates market during the forecast period. It is likely to expand at a CAGR of 4% from 2020 to 2030. Sodium stearate is a major constituent of most vegetable-based soaps, owing to its consistency. In a deodorant, it has the unique ability to form a structure with other materials such as vegetable propylene glycol, glycerin, and propanediol to produce a solid stick shape.

Inorganic Color Pigments Market - The inorganic color pigments market is estimated to be hampered by adverse environmental effects and toxicity associated with heavy metals used in metal oxides, mixed metal oxides, and metallic pigments. Heavy metals that can cause potential health hazards are lead, chromium, cadmium, and mercury. Exposure to these heavy metals can lead to cancer and liver diseases. Disposal of heavy metals during the pigment manufacturing process results in pollution. Prolonged exposure of skilled labor to these heavy metals can cause severe occupational hazards. By-products and acid wastes produced during the pigment manufacturing process pose a threat to the ecological system. Thus, strict environmental regulations are being enacted to inhibit the emission of toxic materials. This is likely to restrain the inorganic color pigments market during the forecast period.

Calcium Chloride Market - The global calcium chloride market features a highly fragmented competitive landscape with the presence of a large number of global and regional players. Some of the key players in the global Key players operating in the market are Occidental Chemical Corporation, Qingdao Huadong Calcium Producing Co. Ltd. TangShan SanYou Chemical Industries Co., Ltd., Solvay S.A., TETRA Technologies Inc., Tiger Calcium Services Inc., Ward Chemical, Inc., Weifang Haibin Chemical Co. Ltd., Weifang Taize Chemical Industry Co. Ltd., Sulaksh Chemicals, Nedmag Industries, Zirax Limited, Sitara Chemical Industries Ltd., Auro Chemical Industries Pvt. Ltd., and Sameer Chemicals

Phosphates Market - In terms of value, the global phosphates market is anticipated to expand at a CAGR of ~4% from 2019 to 2027. Phosphates are largely used for production of phosphate fertilizers and animal feed products across the globe. Asia Pacific dominated the global phosphates market in 2018. China is anticipated to be a leading exporter of phosphates across the globe during the forecast period. Ammonium phosphates and calcium phosphates are the most widely consumed phosphates in developed as well as developing regions, in fertilizers and animal feed, respectively. The demand for phosphates in the industrial sector is less compared to fertilizers and animal feed, owing to availability of a large number of substitutes.

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