According to the latest report by IMARC Group, titled "Japan Aluminium Powder Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the Japan alumnium powder market exhibited stable growth during 2015-2020. Aluminium powder refers to a fine granular substance that is prepared through gas atomization, wherein molten aluminium is sprayed and disintegrated into fine droplets by dry compressed air. It is commercially available in various forms, such as atomized, flake powder, paste, and pigment aluminium powder. This substance is lightweight, ductile, non-magnetic, malleable, combustible, has high thermal conductivity and can undergo vigorous exothermic reactions when oxidized. The application of aluminium powder also offers resistance to corrosion, reflection to visible and infrared ultraviolet (UV) rays, and higher density than thermoplastics. Due to these properties, aluminium powder is widely adopted to manufacture explosives, fireworks, paints, glitters, aerated autoclave concrete, and reflective roof coatings.
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Japan Aluminium Powder Market Trends:
Some of the key factors driving the Japan aluminium powder market is the widespread product adoption across various industry verticals, along with strong economic and industrial growth across the country. Moreover, due to its anti-corrosive and light-reflective properties, aluminium powder is increasing being utilized for producing coating paints and sealants in the automotive industry, which, in turn, is catalyzing the market growth. This is further supported by the accelerating sales of passenger and luxury vehicles owing to the inflating disposable incomes and improving living standards of the consumers. Additionally, aluminium powder is a favored metals in fast prototyping, metallurgy, and the production of solar cells, which is further facilitating its demand in the country. Besides this, the construction and petroleum and mining sectors are predominantly employing aluminium powder for commercial mining applications and producing lightweight concrete, which are acting as other growth-inducing factors. Increasing concerns regarding environmental degradation and the rising need to reduce energy consumption and operating costs have prompted key players to widely adopt green manufacturing practices, which is creating a positive outlook for the market in the country. Looking forward the market is expected to exhibit steady growth during 2021-2026.
- Based on the technology, the market has been bifurcated into air atomization and others.
- On the basis of the end-use, the market has been classified into industrial, automotive, chemical, construction, explosives, defense and aerospace, and others.
- Based on the raw materials, the market has been divided into aluminium ingots and scrap.
- Region-wise, the market has been segmented into Kanto, Kinki, Central/Chubu, Kyushu-Okinawa, Tohoku, Chugoku, Hokkaido, and Shikoku regions.
- The competitive landscape of the market has also been examined, along with the profiles of the key players.
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