2024 aluminium pigment market is expected to reach $581.9 million

Global aluminum pigment market value of $332.9 million in 2015, in 2024 is expected to reach $581.9 million, 2016 ~ 2024, expand compound annual growth rate of 6.4%.

Aluminium pigment is a kind of can provide silver metallic effect of special type of paint. Widely used in paint and coating, plastic, personal care, printing ink and construction materials. Aluminum pigments are the main areas of the automotive OEM coatings, interior paint, wheels, coating, auto parts and accessories, car polishing.

In 2015, paint and coatings is one of the largest terminal aluminum pigment market applications. The growth of developing countries over the past few years, automobile industry and the consumer preferences cars with metal effect, the demand of aluminum pigments are becoming more and more increasing.

In 2015, the asia-pacific region is one of the largest consumer market of global aluminum pigments. Rising trend of auto industry developing countries lead to the growing demand for the paint and coating aluminum pigments, such as China, India, Singapore, Thailand and Malaysia. In 2024, China will become one of the biggest consumer of aluminum pigments, followed by the rest of the asia-pacific region and the association of south-east Asian nations (asean). In 2015, Europe is the second largest consumer of aluminum pigments, followed by North America.

                                                                                                                                    By Nicole