According to the latest report by IMARC Group, titled “Aluminium Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global aluminium powder market size reached 632,052 Tons in 2019. Aluminium powder is a silvery-white to gray reactive powder produced by grinding aluminium in the presence of edible vegetable oils. It is collected and graded according to the size, specification and application. It is reactive and inflammable and undergoes vigorous exothermic reactions when oxidized. As a result, aluminium powder is employed in the production of fireworks and several explosives. It is also used in the manufacturing of glitters, printing inks, reflective roof coatings, and aerated autoclaved concrete. Besides this, it is utilized as a deoxidant and exothermic tapping compound to increase the yield of casting in a foundry.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Aluminium Powder Market Trends:
At present, the market is experiencing growth on account of the increasing application of aluminium powder in the mining, military, chemical, aerospace, automotive and construction sectors across the globe. Aluminium powder is used in military applications as it releases flammable hydrogen gas after coming in contact with water, alcohol and strong acids or bases. It is also employed in the automotive industry for manufacturing automobile paints and sealants. As inflating disposable incomes have escalated the sales of luxury cars, it is strengthening the growth of the aluminium powder market. Furthermore, due to the growing environmental concerns, governments of numerous countries have imposed stringent regulations on carbon emissions. As a result, various manufacturers are adopting green manufacturing practices to minimize operating costs and reduce energy and utility bills. However, due to the surge in the coronavirus disease (COVID) cases, lockdowns have been imposed by governments of various countries. Consequently, manufacturing units and other operations have come to a halt. The market will experience growth once normalcy is regained. Looking forward, the market is projected to grow at a CAGR of 2.21% during the forecast period (2020-2025).
- Based on technology, air atomization holds the largest market share, followed by other segments.
- On the basis of the end use, the market has been segmented into the industrial, automotive, chemical, construction, explosives, defense and aerospace, and other sectors. The industrial sector accounts for the majority of the total market share.
- The market has been analyzed on the basis of the raw material into aluminium ingots and scrap. At present, aluminium ingots exhibit a clear dominance in the market.
- Region-wise, North America enjoys the leading position in the market. Other major regions include Europe, Asia Pacific, South America, and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being 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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