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The global aluminium powder market reached a volume of 405,665 Tons in 2020. Looking forward, IMARC Group further expects the market to exhibit moderate growth during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different industries. These insights are included in the report as a major market contributor.
Aluminium powder refers to the fine, granular, silvery-white to grey, and odorless powder made from aluminium metal. It is reactive and flammable in nature and is obtained by stamping and ball-milling foils in the presence of fatty lubricants, such as stearic acid, edible vegetable oil, and food-grade fatty acids. It is also supplied in the form of paste wetted with mineral spirit. Nowadays, aluminium powder is available in various forms, such as atomized aluminium powder, flake powder, paste, and pigment powder. The powder is denser than water and is extensively used to make other chemicals. Aluminium powder undergoes vigorous exothermic reactions when it gets oxidized. It can also react with numerous organic and inorganic chemicals. As a result, it finds application in manufacturing explosives and fireworks, paints and sealants, sparkles and glitters, aerated autoclave concrete, reflective roof coatings, and printing inks.
Aluminium Powder Market Trends:
The global aluminium powder market is primarily driven by its increasing applications in diverse industries. Aluminium powder is utilized in the construction industry as it forms an essential component in the production of lightweight concrete. In combination with oxygen, it is also used in the aerospace and defense sector for launching rockets. Additionally, aluminium shows high corrosion resistance and is effective in increasing the lifespan of the product. As a result, there has been an increasing demand for aluminium powder in the electronics industry, and it is favored as the main ingredient in the production of solar cells. Moreover, the rising environmental concerns have encouraged several manufacturers to adopt green manufacturing practices to minimize operating costs and reduce energy and utility bills, which is acting as a major trend in the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aluminium powder market, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on technology, end use, and raw material.
Breakup by Technology:
Based on technology, air atomization holds the biggest market share, representing the most preferred technology among manufacturers.
Breakup by End-use:
Amongst these, the industrial sector is the largest end user of aluminium powder, accounting for the majority of the total market share.
Breakup by Raw Material:
At present, aluminium ingots are the most widely used raw material, exhibiting a clear dominance in the market.
Region-wise, North America holds the leading position in the market, with the largest market share.
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
The global aluminum powder market reached a volume of 405,665 Tons in 2020.
The rising utilization of aluminum powder in the mining, military, chemical, aerospace, automotive, and construction industries, represents one of the key factors driving the global aluminum powder market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous end-use industries for aluminum powder.
Based on the raw material, the global aluminum powder market can be bifurcated into aluminum ingots and aluminum scrap. Currently, aluminum ingots hold the majority of the total market share.
Based on the end-use, the global aluminum powder market has been divided into industrial, automotive, chemical, construction, explosives, defense and aerospace, and others. Among these, the industrial sector represents the largest segment.
Based on the technology, the global aluminum powder market can be categorized into air atomization and others. Currently, air atomization exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, South America and Middle East and Africa, where North America dominates the global market.
Some of the major players in the global aluminum powder market include ECKA Granules Germany GmbH, Toyal America, Inc., Alcoa Corporation, United Co RUSAL PLC, AMG Alpoco UK Ltd., and Metal Powder Company Limited (MEPCO).
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