North America Aluminium Powder Market to Reach 80,550 Tons by 2032, Impelled by Rising Industrial Applications

August 08, 2022 | Chemical & Materials

According to the latest report by IMARC Group, titled “North America Aluminium Powder Market Report by Technology (Air Atomization, and Others), End-Use (Industrial, Automotive, Chemical, Construction, Explosives, Defense and Aerospace, and Others), Raw Material (Aluminium Ingots, Aluminium Scrap), and Country 2024-2032," the North America aluminium powder market reached a volume of 66,000 Tons in 2023. Aluminium powder is a fine, light-colored, odorless, and highly flammable substance obtained by grinding aluminium. It is manufactured using several processes, including gas atomization, splatter jet, ultrasonic atomization, and centrifugal atomization. Aluminium powder is reactive and undergoes vigorous exothermic reactions when oxidized. It is a lightweight material that offers high thermal conductivity, food compatibility, and resistance to corrosion, ultraviolet (UV) rays, pressure, and impact. As a result, it is widely used in specialized welding applications, chemical catalysts, prototyping, metallurgy, and manufacturing slurry, solar cells, explosives, detonators, paints, pigments, protective coatings, and rocket fuel.

North America Aluminium Powder Market Trends:

The market is primarily being driven by rising product applications across several industrial verticals. For instance, in the aerospace industry, aluminium powder is widely used to engineer lightweight materials and alloys for industrial, commercial, and military aircraft due to its excellent strength, high-temperature resistance, and positive impact on fuel efficiency. In line with this, the increasing utilization of ultra-fine aluminium powder in rocket propellent applications due to its reduced ignition delay and temperature is creating a positive outlook for the market. Furthermore, widespread product adoption in the construction industry for manufacturing lightweight concrete is acting as another growth-inducing factor. Additionally, the rising environmental concerns and the growing need to reduce energy and utility costs have prompted key players to adopt green manufacturing techniques, such as powder metallurgy (P/M). This technology is used to produce corrosion-resistant alloys with enhanced strength and toughness, which, in turn, is providing an impetus to market growth. Other factors, including widespread product utilization in the automotive industry for manufacturing automobile paints and sealants, increasing mining activities, and extensive infrastructural development activities, are anticipated to drive the market toward growth in the region. On account of the aforementioned factors, the market is expected to reach a volume of 80,550 Tons by 2032, exhibiting a CAGR of 2.2% during 2024-2032.

Market Summary:

Based on technology, the market has been bifurcated into air atomization and others. At present, air atomization dominates the market.
On the basis of the end-use, the market has been classified into industrial, automotive, chemical, construction, explosives, defense and aerospace, and others. Amongst these, the industrial segment holds the largest market share.
Based on the raw material, the market has been bifurcated into aluminium ingots and scraps. Currently, aluminium ingots represent the dominant segments.
On a regional basis, the market is led by the United States.
The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Tons
Segment Coverage	Technology, Raw Material, End-Use, Country
Countries Covered	United States, Canada
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
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North America Aluminium Powder Market to Reach 80,550 Tons by 2032, Impelled by Rising Industrial Applications

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