Aluminum Powder Market is valued at USD 2.75 Billion in 2018 and expected to reach USD 3.43 Billion by 2025 with the CAGR of 3.2% over the forecast period.
Aluminum Powder Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. Rising demand for aluminum powder in the building & construction industry for brick manufacturing and rapid prototyping in aerospace as well as automotive industries are some of the primary factors driving the growth of global aluminum powder market.
Aluminum powder is powdered aluminium. This was formerly produced by mechanical means using a stamp mill to create flakes. In construction industries it is used to make concrete, paints and reflective roof coating. Aluminium powder, also known as aluminium flake or metana, is a light, silvery-white to grey, odorless, granular powder having flammable reactive properties. It is also used to make powder coating printing ink, sparkles and glitters. Aluminium powder market is divided into atomized aluminium powder; aluminium flake powder, aluminium paste and aluminum pigment powder. Aluminum powder is used in varied applications. Significant amount of aluminum powder is used in pyro-technique, rocket fuel, and explosives. Aluminum powder is also majorly used in additive industrial and powder metallurgy. It is employed in various component manufacturing, which employs several powder metallurgy techniques.
Aluminum powder market report is segmented on the basis of product type, application and by regional & country level. Based upon product type, aluminum powder market is classified into fine aluminum powder, superfine aluminum powder and other. Based upon application, aluminum powder market is classified into powder coating, printing ink, textile and other.
The regions covered in this aluminum powder market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of aluminum powder is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Aluminum Powder market report covers prominent players are,
PARTER Capital Group AG Acquired Aviles and La Coruña, Spain Aluminum Plants from Alcoa
News: July 31, 2019, Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, nowadays announced the completion of a transaction with private equity investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, for that firm to acquire Alcoa’s Spanish subsidiaries that own and operate the Aviles and La Coruña aluminum plants in Spain. The acquisition, effective immediately, includes the cathouses at both plants and the paste plant at La Coruña, which are currently in operation, and the curtailed smelters at both plants.
The global Aluminum Powder market is witnessing substantial growth due to rise in demand of this powder in the building & construction industry for brick manufacturing. It is also a preferred metal powder of choice in rapid prototyping and powder metallurgy, aluminum powder is also a key ingredient in solar cell fabrication are driving the growth of global Aluminum Powder market. According to the Metal Powder Industries Federation, In 2016, about 497,000 short tons of metal powder shipments were made in North America, a figure that was about 10,000 short tons lower than the year before. Stainless steel and tungsten carbide shipments saw strong growth as a segment. With that potential, the powder metallurgy industry is forecast to grow at 6% in the coming years. As various industries continue to evolve and innovate, this growth rate could be even higher.
However, The aluminum powder industry is highly competitive due to low entry barriers as the industry is less capital intensive and there is no major technology involved and the dominance of Chinese manufacturers compels international players to operate on low-profit margins, which in turn, hampers their overall earnings due to the low production cost all of which is expected to hinder the sales of aluminum powder at the global level in the coming years are expected to restrain the growth of this market during the forecast period. Moreover, the rise in the demand for metal powders in applications such as 3D-printing, rapid prototyping in aerospace and automotive industries and Rapid urbanization and a thriving automotive industry is likely to provide lucrative opportunities for the market to grow over the forecast period.
North America is dominating the aluminum powder market with the potential rate due to demand for aluminum powder in solar cell manufacturing is high in the region. According to the Solar Energy Industries Association, in 2019, 40% of all new electric capacity added to the grid came from solar, the largest such share in history. Solar’s increasing attractiveness against other technologies has allowable it to quickly increase its share of total U.S. electrical generation - from just 0.1% in 2010 to more than 2.5% nowadays. Nearly 250,000 Americans work in solar - more than double the number in 2012 - at more than 10,000 companies in every U.S. state. In 2019, the solar industry generated $18.7 billion of investment in the American.
The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period due to the various technological advancements, high growth of additive manufacturing and expansion of several industries such as automotive will fuel the aluminum powder sales market during forecast period. According to the Economic and Social Survey, Consumer price inflation in the developing countries of the Asia-Pacific region is projected to rise to 3.5 per cent in 2018 and 2019 compared with 3.2 per cent in 2017. The Government also announced in late 2017 a large recapitalization package, equivalent to about 1.2 per cent of GDP, to strengthen the balance sheets of public sector banks.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 2.75 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||3.20 %|
|Market Size Expected in 2027:||USD 3.43 Billion|
|Tables, Charts & Figures:||175|
AMG Advanced Metallurgical Group,,Ampal, Inc,,Valimet Inc,,AVL Metal Powders,,Henan Yuanyang Powder Technology,,Angang Group Aluminium Powder,,NovaCentrix,,Pioner Industries Factory FZ LLC.
|Segments Covered||By Product Type, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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By Product Type: Fine Aluminum Powder, Superfine Aluminum Powder, Other
By Application: Powder Coating, Printing Ink, Textiles, Other
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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