IMARC Group has recently released a new research study titled “Aluminium Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How much is the aluminium powder market worth?
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.
What is aluminium powder?
Aluminium powder refers to a fine granular form of aluminium metal, typically produced through various milling and grinding processes. It is available in various types, including spherical, nodular, and flake. Aluminium powder is known for its lightweight, high thermal conductivity, and corrosion resistance properties. It is commercially manufactured through the atomization process, where molten aluminium is sprayed into a chamber to form fine droplets that solidify into powder form.
Aluminium powder is widely used in aerospace, automotive manufacturing, paints and coatings, fireworks, construction, and additive manufacturing, among others. It is a cost-effective, easily available, recyclable, and highly efficient product that offers several advantages, such as a high strength-to-weight ratio, good formability, excellent machinability, high thermal and electrical conductivity, and resistance to corrosion.
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Aluminium Powder Market Growth Factors and Trends:
The growing adoption of lightweight materials in the automotive and aerospace sectors is propelling the demand for aluminium powder, as it offers substantial weight reduction while maintaining strength and performance. Moreover, the widespread product utilization in concrete formulations to improve workability and final product durability is propelling the market growth. Besides this, the growing product demand in three-dimensional (3D) printing, due to its high strength and low density, enabling the creation of complex shapes with excellent material properties, is positively impacting the market growth.
Additionally, the increasing product adoption in the manufacturing of solar panels is acting as another growth-inducing factor. Furthermore, recent technological advancements, such as improved atomization techniques and nano-powder production that are introducing higher quality products with enhanced properties are bolstering the market growth. Along with this, the ongoing research and development in recycling technologies, which make aluminium powder production more sustainable and appealing to environmentally conscious consumers, is strengthening the market growth.
In addition, the imposition of supportive governmental regulations and initiatives encouraging the use of recyclable and energy-efficient materials are favoring the market growth.
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Aluminium Powder Manufacturers:
Some of the key players in the market include:
- ECKA Granules Germany GmbH
- Toyal America, Inc.
- Alcoa Corporation
- United Co RUSAL PLC
- AMG Alpoco UK Ltd.
- Metal Powder Company Limited (MEPCO)
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 Scrap
Regional Insights:
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
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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.
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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