REPORT HIGHLIGHT
Aluminium Powder Market size was valued at USD 2,980.1 Million in 2022, expanding at a CAGR of 4.7% from 2023 to 2030.
Aluminium powder is a thin, lightweight, metallic material made up of microscopic aluminum particles. Aluminum metal is precisely ground or atomized to generate it. Because of its flammability, it is extensively employed in pyrotechnics, explosives, paints, coatings, and chemical reactions. Aluminium powder's large surface area and reactivity make it valuable for a variety of industrial operations, including building materials, metallurgy, and additive manufacturing (3D printing).
Aluminium Powder Market- Market Dynamics:
- Increasing demand from various industries to propel market demand.
- The Aluminium Powder market is being driven by rising demand from various sectors since it is a versatile material with several uses. It is used in the automotive and aerospace industries to make lightweight components, and in the construction industry for its durability and strength. For example, worldwide total vehicle production was about 7,76,21,582 in 2020, rising to 8,01,45,988 in 2021. In terms of revenue, the worldwide vehicle industry produced around USD 2.7 trillion in 2021. The market is expected to increase to almost USD 2.8 trillion by 2022. Furthermore, its usage in additive manufacturing and a variety of applications such as coatings, paints, and explosives contribute to its rising market demand.
Aluminium Powder Market- Key Insights:
- As per the analysis shared by our research analyst, the global Aluminium Powder market is estimated to grow annually at a CAGR of around 4.7% over the forecast period (2023-2030)
- The Aluminium Powder industry is projected to grow at a significant rate due to the increasing demand from various industries
- Based on product type segmentation, spherical aluminum powder was predicted to show maximum market share in the year 2022
- Based on process segmentation, Flake Aluminum Powder was the leading type in 2022
- Based on End-use segmentation, automotive was the leading type in 2022
- On the basis of region, Asia Pacific was the leading revenue generator in 2022
Aluminium Powder Market- Segmentation Analysis:
- The Global Aluminium Powder Market is segmented on the basis of Product Type, Application, End-use, and Region.
- The market is divided into categories based on product type: Non-spherical Aluminum Powder and Spherical Aluminum Powder. The spherical aluminum powder segment dominates the market. Spherical Aluminum Powder commanded a substantial market share due to its excellent qualities, which included increased flowability, homogeneous particle size, and increased packing density. These qualities make it very attractive for a wide range of applications, including 3D printing, automotive coatings, and aerospace, resulting in increased demand and market domination.
- The market is divided into categories based on end-use: automotive, industrial, explosives, chemical, building and construction, fireworks, defense & aerospace, and others. Aluminum powder is expected to be in high supply in the automobile sector. Aluminum powder sales are directly affected by the production and sale of lightweight cars. The engineering and design of modern automobiles have evolved as automakers focus on fuel economy and low weight.
Aluminium Powder Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The Asia Pacific region is anticipated to develop rapidly, due to an increase in the use of additive manufacturing and the expansion of businesses like automotive, equipment manufacture, and building and construction.
Aluminium Powder Market- Competitive Landscape:
Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Products makers compete on a variety of aspects, including product costs, performance, product making, technology, reputation, and availability. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, End-use network development, R&D spending, and mergers and acquisitions. For instance, in 2023, Uniformity Labs and Tekna Holding ASA expanded their collaboration, with Tekna supplying AlSi10Mg, an aluminum-based alloy that will enable Uniformity to produce its developed ultra-dense AlSi10Mg powdered for Laser Beam Powder Bed Fusion (PBF-LB) additive manufacturing processes.
Recent Developments:
In May 2023, Constellium SE confirmed that their Aheadd CP1 aluminum manufacturing powder would be used in Formula 1 vehicles starting in the 2024 season. Constellium has joined up with PWR and Velo3D Advanced Cooling Technology to begin producing extremely efficient, small, and lightweight exchangers of heat for Formula 1 vehicles, as well as a range of high-performance components. Constellium is collaborating with a number of partners on new Aheadd CP1-based solutions.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ALUMINIUM POWDER MARKET KEY PLAYERS
- Zuxing New Materials Co., Ltd.
- Zhangqiu Metallic Pigment
- Toyal Group
- RUSAL
- MMP Industries Ltd.
- Metal Powder Company
- Jiangsu Tianyuan Metal Powder Co., Ltd
- Hunan Ningxiang Jiweixin
- Hunan Goldhorse
- Henan Yuanyang Powder Technology Co., Ltd
- Hefei Sunrise Aluminium Pigments Co.,Ltd
- Arasan Aluminium Industries (P) Ltd.
- Angang Group
- AMG Alpoco UK
- Alcoa
GLOBAL ALUMINIUM POWDER MARKET, BY PRODUCT TYPE
- Non-spherical Aluminum Powder
- Spherical Aluminum Powder
GLOBAL ALUMINIUM POWDER MARKET, BY PROCESS
- Flake Aluminum Powder
- Atomized Aluminum Powder
GLOBAL ALUMINIUM POWDER MARKET, BY END-USE
- Automotive
- Industrial
- Explosives
- Chemical
- Building and Construction
- Fireworks
- Defense & Aerospace
- Others
GLOBAL ALUMINIUM POWDER MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA