The new report by Expert Market Research titled, ‘Global Aluminium Powder Market Size, Growth, Trends, Analysis, SizeReport and Forecast 2020-2025’, gives an in-depth analysis of the global aluminium powder market, assessing the market based on its segments like technology, end uses, raw materials, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical Market Size (2019): 626,493.5 Tons
2. Forecast CAGR (2020-2025): 1.5%
3. Forecast Market Size (2025): 685,035.1 Tons
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Aluminium powder finds its use across multiple industries. This versatility of powdered aluminium is one of the major drivers of the market. The rising demand for aluminium powder in the building and manufacturing industry is driving the market forward. As aluminium powder is light in weight, its demand has been high in this sector, where it is used as an expanding agent in lightweight concrete. The rise of defence and aerospace sector is also facilitating the growth of the market as substantial amounts of aluminium powder are used in pyro-technique, rocket fuel, and explosives. Applications of the product, like as a precursor for aluminium chlorohydrate and aluminium glycinate, which are the constituents of deodorants and anti-perspirants, are driving the growth of the product in the cosmetics and personal care industry, thus, aiding the market growth.
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Industry Definition and Major Segments
Aluminium powder is a light, silvery-white to grey, odourless, reactive, and flammable granular or spherical powder made from aluminium metal. Generally, it is manufactured in four forms – atomised aluminium powder, aluminium flake powder, aluminium paste, and aluminium pigment powder.
By technology, the market is divided into:
1. Air Atomization
2. Others
Based on end use, the major segments in the market are:
1. Industrial
2. Automotive
3. Chemicals
4. Construction
5. Explosives
6. Defence and Aerospace
7. Others
On the basis of raw material, the market can be divided into:
1. Aluminium Ingots
2. Aluminium Scrap
North America is the leading regional market for aluminium powder. The other regions included in the market are:
1. Europe
2. Asia Pacific
3. Latin America
4. Middle East and Africa
Market Trends
The rise in additive manufacturing and the expansion of the product in several industries like automotive, manufacturing, and construction are the key factors that are driving the aluminium powder market. As developing countries are shifting towards renewable sources of energy, the use of powdered aluminium has shown an accelerated usage in solar cell fabrication. Due to significant economic progress and infrastructure development, the market is expected to grow further. With groundbreaking technological advancements, the production and supply of powdered aluminium are becoming easier and is expected to fuel the market growth in the coming years.
Key Market Players
The major players in the market are Alcoa Corporation, UC Rusal, Aluminium Powder Company Ltd, Kymera International, Toyal America Inc., and 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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