Aluminum Pigments Market Regional Analysis:
APAC Market Insights
Asia Pacific region is set to dominate around 46.5% market share by 2035, The growth of the market can be attributed majorly to the rising sales and demand for passenger and luxury cars in developing countries such as India, China, and Japan, coupled with the high utilization of aluminum pigments in the manufacturing of automobiles are expected to drive the regional market growth during the forecast period. For instance, it was observed that nearly 16,500 luxury vehicles were sold in India from January to May 2022, an increase of 50% from the prior year. Further, the rising demand for personal care products, along with the significantly spiking color cosmetics industry is also anticipated to contribute to the market growth in the region. In addition, the region's favorable regulatory policies and surge in urbanization are stimulating construction activities in the region, which is further estimated to fuel the demand for paints and coatings. Moreover, another factor that is estimated to boost the growth of the APAC aluminum pigments market is the widespread use of paint and coatings in the architecture sector for both interior and exterior applications. In addition to this, the rising use of several types of dyes and pigments in various end-use industries such as textile, printing, and so on is another major factor that is estimated to propel the market growth further in the region throughout the projected time frame.
North American Market Insights
Furthermore, the North American aluminum pigments market is anticipated to display lucrative market growth by the end of 2035. The growth of the market can be attributed to the surging capacity of production of aluminum pigments, followed by the growing demand for these pigments from the automotive sector in the region. In addition to this, the escalating demand for aluminum pigments from the food and beverage sector is also estimated to provide lucrative growth in the coming years. Since aluminum pigments are being used in the production of several kinds of labels which are used by several food and beverage businesses in the region. This as result is estimated to drive the growth of the market further throughout the projected time frame in the region.
