Global Market For Aluminum Powder Is Slated To Expand At Nearly 3% CAGR Over 2031

Posted on 2022-11-07 by Fact.MR in Chemicals // 0 Comments

The global market for aluminum powder is slated to expand at nearly 3% CAGR during the 2021-2031 assessment period. As automotive designers seek lighter body material, sales of aluminum based chemicals are inclining substantially, providing a boost to the market.

Technological advancements are complementing the use of aluminum powder in a wide range of products such as printing inks, paints and pigments, rocket fuels, and many others, create possibilities for the aluminum powder industry to continue to grow at a substantial rate.

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Key Takeaways from Market Study

By end use, automotive and aerospace & defence to jointly account for over 3 out of 5 sales
Prospects widening across the construction industry, poised to expand at nearly 4% CAGR
U.S to remain a major growth hotspot, expected to generate more than 50% of the global demand
China experiencing substantial growth, registering a CAGR of around 4% through 2031
India to account for nearly 32,000 tons of aluminum powder sales in volume terms

“Surging demand for incorporating lightweight yet durable construction material to reduce operational and maintenance costs is spurring demand for aluminum powders across key end use industries,” comments the Fact.MR analyst.

Competitive Landscape

Companies are leveraging strategic collaborative initiatives to increase their market share and profitability. They are also acquiring start-ups working on technologies to strengthen their product capabilities.

In January 2021, Rusal America announced the expansion of its aluminum product offerings to include Additive Manufacturing (AM) powders for 3D printing. The new powders portfolio is comprised of four traditional Al-Si-based casting alloys and five specialty alloys designed for use in the aerospace and automotive industries, and more broadly in general industry.
In July 2021, Alcoa Corporation announced that it will supply EcoLumTM, its low-carbon primary aluminum, to WKW Extrusion’s Erbslöh Aluminium for its new brand of semi-finished extrusion alloys.

Prominent Key Players Of The Aluminum Powder Market Survey Report:

Alcoa Corporation
UC Rusal
Aluminium Powder Company Ltd
Kymera International
Toyal America Inc.
Angang Group
Jiangsu Tianyuan
Zhangqiu Metallic Pigment
Metal Powder Company
Arasan Aluminium Industries

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Questionnaire answered in the Aluminum Powder Market report include:

How the market for Aluminum Powder has grown?
What is the present and future outlook of the global Aluminum Powder on the basis of region?
What are the challenges and opportunities for the Aluminum Powder?
Why the consumption of Aluminum Powder highest in region?
In which year segment is expected to overtake segment?

Key Segments Covered

Grade Type
- Powder Metallurgy Grade Aluminum
- Additive Metallurgy Grade Aluminum Powder
End Use
- Aluminum Powder for Automotive
- Aluminum Powder for Construction
- Aluminum Powder for Chemical Industry
- Aluminum Powder for Aerospace & Defence
- Aluminum Powder for Fuels & Explosives
- Aluminum Powder for Other End Use Industries
Process
- Gas Atomization-derived Aluminum Powder
- Air Atomization-derived Aluminum Powder

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What makes Fact.MR report stand out from others?

MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Aluminum Powder market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Aluminum Powder market, thus, making it different and special from other reports.
Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Aluminum Powder market and assists to create strategies to overcome the obstacles that may hinder the growth of the Aluminum Powder market.
Leverage: The Aluminum Powder market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Aluminum Powder market.

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