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Aluminium Powder Market Size, Demand, Manufacturers, Industry Growth and Forecast 2023-2028
Aluminium Powder Market Size, Demand, Manufacturers, Industry Growth and Forecast 2023-2028
Aluminium Powder Market Size, CAGR and Froecast Value: 2023-2028
The global aluminium powder market size reached 646,600 Tons in 2022. Looking forward, IMARC Group expects the market to reach 732,500 Tons by 2028, exhibiting a growth rate (CAGR) of 1.9% during 2023-2028.
Aluminium powder refers to finely divided aluminium that is often used in a wide variety of applications, including paint, pyrotechnics, and metallurgy. The production process involves several stages, including the initial melting of aluminium ingots, followed by atomization, drying, and finally, packaging. This creates a product with significant functional value, positioning aluminium powder as an integral part of the global materials market.
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Aluminium Powder Market Growth Driveres and Trends:
The rising trend towards the use of lightweight materials and the growing demand for efficient metallurgical processes are key elements propelling the growth of the aluminium powder market worldwide.
In keeping with this trend, aluminium powder is increasingly acknowledged as a crucial component in various industrial applications, significantly influencing market growth. Moreover, advancements in powder metallurgy and manufacturing technology enable the production of aluminium powder with specific particle sizes and shapes, further driving market growth. The emphasis on efficiency in manufacturing, sustainability, and safety is escalating the demand for aluminium powder, as it aligns with these values. This aspect, coupled with increasing industry awareness regarding the operational advantages of aluminium powder, is bolstering market growth.
Additionally, the rising demand from diverse sectors, including automotive, aerospace, and construction for innovative and efficient materials solutions, is accelerating market expansion. Furthermore, the need for compliance with regulations pertaining to material safety, quality standards, and environmental sustainability is fuelling the market's growth. The potential economic benefits of efficient aluminium powder production, due to its wide range of applications and market demand, are fostering further demand.
The global industrial landscape, together with governmental policies supporting sustainable manufacturing practices and high-quality products, is creating a positive market outlook.
Other factors, such as investments in research for developing innovative aluminium powder manufacturing methods, and the emergence of companies specialising in aluminium powder production technology, are boosting market growth on a global scale.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
• Air Atomization
• Others
Breakup by End-Use:
• Industrial
• Automotive
• Chemical
• Construction
• Explosives
• Defence and Aerospace
• Others
Breakup by Raw Material:
• Aluminium Ingots
• Aluminium Scraps
Regional Insights:
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=537&flag=C
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
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About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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