Global aluminium pigments market to reach $581.9 mln by 2024

Global aluminium pigments market was valued at $332.9 million in 2015 and is anticipated to reach $581.9 million by 2024, expanding at a CAGR of 6.4 percent between 2016 and 2024, as per the latest Industry Study.

Aluminium pigments are employed widely in paints and coatings, plastics, personal care, printing inks, and construction materials. Consumer preference for high performance aluminium pigments with attractive aesthetic features has been rising significantly of late.

Aluminium pigments are widely employed in the formulation of automotive paints & coatings to enhance their aesthetic properties. Automotive OEM coatings, automotive interior coatings, wheel coatings, automotive parts and accessories, and automotive refinishes are the major areas where aluminium pigments are used.

Increased consumption of these pigments in decorative automotive paints and coatings is likely to fuel the market in the next few years.

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