According to Fact.MR, The aluminium powder market is predicted to reach a valuation of US$ 992.3 million by the end of 2033, growing at a CAGR of 6.4% from its estimated value of US$ 533.3 million in 2023.
Along with technical advancements, the use of aluminium powder in several products, such as printing inks, paints and pigments, rocket fuels, and many others, presents chances for the market for aluminium powder to grow rapidly in the future.
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“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.
Market Frontrunners
- Alcoa Corporation
- RUSAL
- Aluminium Powder Company Ltd
- Belmont Metals
- Kymera International
- Toyal America Inc.
- Angang Group
- Metal Powder Company
- Arasan Aluminium Industries
- Jiangsu Tianyuan
- Zhangqiu Metallic Pigment
Key Statistics Supporting the Surge
• 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
How is the Automotive Industry Fueling Aluminum Powder Demand?
• Aluminum powder is expected to witness high demand from the automotive industry in the forecast period. The sales of aluminum powder are directly related to lightweight automotive production and vehicle parc.
• According to the Aluminum Association, aluminum is the fastest-growing automotive material, and its use is expected to grow to record content levels of 514 pounds per vehicle by 2026, due to the increased use of auto body sheets (ABS).
• 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.
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
Key Questions Answered in Report
• Which are the most lucrative aluminum powder markets?
• Which factors will impact the growth of aluminum powder?
• How will changing trends impact the strategies of market players?
• How can market players capture the low-hanging opportunities across regions?
• Which companies are leading the aluminum powder industry?
• What are the winning strategies of stakeholders in the market?
Key Points Covered in Aluminum Powder Industry Survey:
• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• Assessment by Product Grade / Purity / Formulation Standards
• Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
• Certifications and Compliance Requirements
• COVID-19 Impact on the Aluminum Powder Industry and How to Navigate
• Recommendation on Key Winning Strategies
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