Press release
Aluminium Powder Market Size to Grow at a CAGR of 1.5% in the Forecast Period of 2022-2027
Aluminium Powder Market
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 1.5%
The increasing application of aluminium powder across various end use industries such as automotive, construction, and chemical, among others, is driving its demand. Aluminium powder is used to make paints and coatings which are integral to automobiles. Over the forecast period, the increasing sale of electric vehicles and luxury cars is expected to propel the demand for aluminium powder.
There is also heightened incorporation of aluminium powder in the construction industry to manufacture concrete, which is further fuelling the global aluminium powder market growth. Rising standards of living, rapid urbanisation, and robust investments in the construction of residential and commercial projects are generating a significant demand for aluminium powder.
Additionally, aluminium powder is witnessing an increased demand from the industrial sector to facilitate various processes such as metal additive manufacturing, exothermic tapping to enhance the yield of casting, and to produce aluminium chemicals. In this regard, rapid industrialisation across the developing nations is likely to provide impetus to the aluminium powder market.
Aluminium Powder Industry Definition and Major Segments
Aluminium powder refers to a spherical or granular powder which is odourless and flammable in nature. In appearance, aluminium powder varies from silver to white and is manufactured in multiple forms which include flake powder, atomised powder, pigment powder, and paste. The increasing applications of aluminium powder across various sectors is driving the growth of the market.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/aluminium-powder-market
Based on technology, the market can be segmented into:
• Air Atomization
• Others
By end use, the market has been divided into:
• Industrial
• Automotive
• Chemicals
• Construction
• Explosives
• Defence and Aerospace
• Others
On the basis of raw material, the market has been classified into:
• Aluminium Ingots
• Aluminium Scraap
• Others
Based on region, the market can be categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Aluminium Powder Market Trends
The key trends in the global aluminium powder market include the growing research and development activities in the defence and aerospace industry leading to an escalation in the demand for aluminium powder to produce rocket fuel and explosives.
Aluminium powder is also used in the manufacturing process of various military components, hence, the increasing defence expenditure, aimed towards improving the capabilities of sovereign nations, is expected to improve the market dynamics in the coming years.
In addition, technical upgrades in aircrafts and battle tanks are likely to expand the market opportunities in the forecast period. The increasing investments to support the research infrastructure in the chemical industry are further providing impetus to the aluminium powder market.
At a regional level, the Asia Pacific is expected to offer lucrative opportunities to the market for aluminium powder because of high population and rapid industrialisation. The steady economic growth of regions like India, is anticipated to aid the market growth in the region.
Key Market Players
The major players in the aluminium powder market report are:
Alcoa Corporation
UC Rusal
Aluminium Powder Company Ltd
Kymera International
Toyal America Inc.
Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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