Rockville, United States , 2022-May- 02 — The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials. The report offers actionable and valuable market insights of Metallurgy Grade Aluminum Powder. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Metallurgy Grade Aluminum Powder Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Metallurgy Grade Aluminum Powder market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Metallurgy Grade Aluminum Powder
This newly published and insightful report sheds light on Market Insights of Metallurgy Grade Aluminum Powder, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Metallurgy Grade Aluminum Powder Market.
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According to a recently published Fact. MR report, global sales of aluminum powder in 2018 exceeded 110 Thousand tons and is expected to grow at a moderate rate in the forecast period. According to the study, North America will maintain its supremacy in the market for aluminum powder, owing to the widespread demand from the region’s automotive and aerospace sectors. The rising demand of lightweight materials in the automotive and aerospace sectors is projected to escalate the growth of the aluminum powder market over the coming years
The technological advances 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 an unprecedented rate. In addition, aluminum powder is a highly preferred coating solution in automotive and other industries, which can be attributed to its convenience. One of the critical factors that increase the preference for aluminum powder in the market is its high flammability which increases its demand in explosives.
Key Segments Covered
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Grade Type
- Powder Metallurgy Grade Aluminum
- Additive Metallurgy Grade Aluminum Powder
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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
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Process
- Gas Atomization-derived Aluminum Powder
- Air Atomization-derived Aluminum Powder
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The metal injection molding (MIM) and direct metal deposition (DMD) are also a significant trend in the global aluminum powder market. This trend is projected to leave a lasting imprint on the market throughout the forecast period.
Prominent players in the global aluminum powder market are launching high-quality aluminum powders that can easily be used with additive manufacturing. Moreover, they are also focused on making it eco-friendly by adopting green manufacturing, which, in turn, will usher a growth path for the global market. Mergers and acquisitions will continue to be the winning imperatives for success in the global aluminum powder market.
- For instance, in July 2019, Parter Capital Group Ag acquired Avilés and Ca Coruña, Spain aluminum plants from Alcoa.
- Similarly, in July 2018, Toyo Aluminium K.K. and Svam Packaging Industries Private Limited (hereinafter “Svam Packaging Industries”), a processing company of the Republic of India have reached an agreement concerning the acquisition of shares of Svam Packaging Industries
The Fact.MR report offers a forecast of the global aluminum powder market for the period 2019-2027. Advancements in end-use applications are urging market players to invest heavily in R&D activities. The automotive and construction end-use industry will emerge to be the most lucrative during the forecast period.
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Why is the Construction Sector Stimulating Sales of Aluminum Powder?
Aluminum powder helps in reducing the weight of bricks. Thus, the versatility of powdered aluminum is being increasingly used in the construction industry. Fact.MR expects the segment to expand at nearly 4% CAGR until 2031.
The aluminum powder market is driven by factors such as a rise in demand in the building & construction industry for brick manufacturing. There has been increasing demand for lightweight bricks in the construction industry which is boosting the sales of aluminum powder.
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