Market Trends of France Aluminium Pigments Industry
This section covers the major market trends shaping the France Aluminium Pigments Market according to our research experts:
Growing Paints and Coatings Industry
- In paints and coatings, aluminium pigments are used in various applications for paints, such as roof coatings, marine coatings, anti-corrosion coatings, decorative coatings, industrial coatings, and protective coatings, among others. Aluminium pigments are used in paints and coating to enhance the colours and improve the metallic lustre of the stains. Paints and coatings find extensive application across architectural and automobile sectors.
- According to a statistical report by FIEC, in 2021, the construction activity in France increased by 10.5% in volume after dropping by 14.4% during the COVID-19 pandemic. During the same year, the country also saw an investment of EUR 324 billion (USD 378.2 billion) in construction.
- Housebuilding production also rose by 24.1% in 2021, compared to a drop of 24.2% in 2020. In 2022, new housing construction reached around 400,000 units, with the housebuilding activity expected to grow by 7.3% during the year.
- The automotive industry in France is a vital contributor to the country's economy and a significant supplier of automobiles to the European region, with close to 10% of the country's working population working directly or indirectly in the automobile industry. An estimated 23% of the total vehicles sold across Europe are French, with 3 out of every four cars manufactured by the two French automobile manufacturing groups sold outside France.
- France witnessed the production of an estimated 1.35 million motor vehicles in 2021, according to Statista, registering a 2.7% year-on-year growth compared to 2020. The global shortage of semiconductor chips majorly impacted the production rate.
- However, the situation is anticipated to improve in the long run, with November 2022 reporting the 4th consecutive growth with a total of 133,769 passenger car registrations, recording a gain of 9.7%.
- The factors above indicate a strengthening demand for aluminum pigments in the market through the growth of the paints & coatings industry.
Understand The Key Trends Shaping This Market
Download Sample
Rising Consumption of Personal Care and Cosmetics
- Aluminium pigments in personal care and cosmetics provide vivid colours and metallic lustre to the finished products. According to Cosmetics Europe, an estimated EUR 29 billion (USD 34.31 billion) of value is added to the European economy every year by the personal care and cosmetics industry, out of which over EUR 11 billion (USD 12.84 billion) is added directly through manufacturing these products.
- As of 2021, the personal care and cosmetics industry employs over 2.5 lakh people directly in all of Europe, and a further 1.71 million people are indirectly employed across the value chain. France is the second largest personal care and cosmetics market across Europe, valued at EUR 12 billion (USD 14.01 billion) at a retail sales price in 2021.
- Kiko S.p.a, one of Europe's leading cosmetics manufacturers, witnessed its sales rise from EUR 365 million (USD 426 million) to EUR 472 million (USD 551 million) between 2020-2021. According to Global Cosmetics, France, Spain, and Italy are the company's biggest markets, accounting for nearly 59% of the total sales revenue. The rising sales revenue of one of the key players in the market indicates strong growth of the cosmetics segment in the region.
- Paris also witnessed the return of In-Cosmetics Global, the world's largest conference and trade show for the global beauty industry, in the year 2022. In-Cosmetics Global hosted 95% of the world's top manufacturers and suppliers of personal care products, with France being the leading exhibitor. The trade show's return is anticipated to strengthen further the industry's recovery from the aftermath of the COVID-19 pandemic.
- The substantially growing personal care and cosmetic industry are expected to be the growth engine for the aluminum pigments market across the country.
