Press release
Indian Aluminium Powder Market Size, Growth, Demand, Price Trends, Revenue, Report 2023-2028
Indian Aluminium Powder Market
The Indian aluminium powder market size reached 41,448.8 Tons in 2022. Looking forward, IMARC Group expects the market to reach 59,129.5 Tons by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
Aluminum powder is a finely ground, lightweight, and flammable substance composed of tiny aluminum particles. It finds extensive use in various industrial applications due to its unique properties. Its lightweight, high thermal conductivity and reflective characteristics make it valuable in producing paints, pigments, and coatings. Additionally, it is a key component in manufacturing explosives, pyrotechnics, and fireworks, where its combustion produces bright flashes. In metallurgy, aluminum powder is employed in powder metallurgy processes to create lightweight and durable components. Its versatility and reactivity make it essential in diverse sectors, including aerospace, construction, and automotive industries.
Get a Sample Copy of this Report: https://www.imarcgroup.com/indian-aluminium-powder-market/requestsample
Market Trends:
The market in India is majorly driven by the expanding construction and infrastructure development across the country. The powder is widely used in producing lightweight concrete, coatings, and paints, contributing to the demand from the building and construction sector. In line with this, the automotive industry's growth also plays a pivotal role, with aluminum powder being utilized in manufacturing lightweight components, enhancing fuel efficiency and overall performance.
Furthermore, the increasing emphasis on renewable energy sources, such as solar panels and wind turbines, boosts the demand for the products in manufacturing these technologies. India's push towards electrification in the automotive sector, including electric vehicles, further contributes to the rising demand for lightweight materials like aluminum. Besides, the government's focus on the 'Make in India' initiative and efforts to promote manufacturing and industrial activities foster the utilization of aluminum powder in various applications. Additionally, the metal's recyclability aligns with sustainability goals, attracting industries seeking eco-friendly solutions. As India's industrial and manufacturing sectors continue to expand, the market for aluminum powder is poised for sustained growth, reflecting the metal's versatile applications across diverse industries and its crucial role in supporting key national development initiatives.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/indian-aluminium-powder-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• MEPCO
• MMPIL
• Arasan
• Sri Kaliswari
• SunArk
Indian Aluminium Powder Market Segmentation:
Our report has categorized the market based on region, raw material and furnace type.
Breakup by Raw Material:
• Aluminum Ingots
Breakup by Furnace Type:
• Oil-Fired Furnace
• Gas-Fired Furnace
• Electric Furnace
Breakup by Region:
• North India
• South India
• West India
• East India
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
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.
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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