DUBLIN, Jan 25, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Aluminum Pigment Market 2017-2021" report to their offering.
The global aluminum pigments market to grow at a CAGR of 6.2% during the period 2017-2021.
Global Aluminum Pigments Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
With the increase in nanotechnology, aluminum nanoparticle pigments are being used in a wide range of applications. For instance, due to their catalytic properties, aluminum nanoparticles are used in rocket fuels to increase the combustion process. They are also added to normal aluminum to improve the sintering processes of ceramics, increase density, improve heat transferability, and enhance thermal conductivity.
According to the report, aluminum is used in various applications in the automobile industry. Aluminum pigments are used in automotive paints and in original equipment manufacturer (OEM) coatings of high-duty engine components and brake linings. By volume, the global motor vehicle production was 92.14 million units in 2015 and will reach 108.9 million units by 2020, growing at a CAGR 3.41%. This predicted growth of the motor vehicle production translates into the demand for aluminum pigments in the automobile industry.
Further, the report states that China is the largest producer and consumer of aluminum. It is focusing on balancing the internal market by discouraging the export of primary aluminum by imposing high duties. Thus, primary aluminum is available at high prices in many nations. The government is also providing tax rebates for export of semi-fabricated and value-added products. Due to this, regions such as the European Union are facing high competition in semi-finished products from China.
- Carlfors Bruk
- Carl Schlenk
- ECKART Effect Pigments
Other prominent vendors
- Alba Aluminiu
- Arasan Aluminium Industries
- Asahi Kasei
- Hefei Sunrise Aluminium Pigments
- Sun Chemical Group
- Zhangqiu Metallic Pigment
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by type
Part 07: Market segmentation by application
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/rb342d/global_aluminum
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SOURCE Research and Markets