Aluminum metal is processed into a fine, granular, odorless, and silvery-white to grey powder known as aluminum powder. Aluminum powder is available in various forms, such as atomized aluminum powder, flake powder, paste, and pigment powder. When aluminum powder is oxidized, it goes through intense exothermic reactions. Additionally, it can interact with a wide range of organic and inorganic chemicals such as metal oxides, alkali etc. It is used to create fireworks and explosives, paints and sealants, sparkles and glitters, aerated autoclave concrete, reflective roof coatings, and printing inks.
Global aluminum powder market is expected to surpass US$ 4.63 billion by the end of 2030 and exhibit a CAGR of 3.4% during the forecast period (2022 to 2030).
Drivers
To lighten the weight of the bricks and slabs, aluminium powder is used in the manufacturing process. As a result, an increase in construction activities around the world is expected to boost demand for bricks, propelling the global aluminium powder market.
Aluminum powder is increasingly being used as a colouring pigment in paints and coatings to give them a silvery and lustrous texture. Therefore, this factor is expected to drive growth of the aluminum powder market.
Among regions, Asia Pacific held a dominant position in the global aluminum powder market in 2021, accounting for 45.47% market share in terms of revenue, followed by Europe and North America. Rising population in countries such as India and China is bolstering demand for residential and commercial infrastructure.
Figure 1. Global Aluminum Powder Market Revenue Share (%), By Region, 2021
Market Restraints
The high cost of aluminium powder suppresses market expansion. Furthermore, raw material price volatility as well as global market price fluctuations may have a negative impact on market growth of aluminum powder.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 3.43 Bn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 3.4% | 2030 Value Projection: | US$ 4.63 Bn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Alcoa, Henan Yuanyang Powder Technology Co., Ltd, Hefei Sunrise Aluminium Pigments Co.,Ltd, Toyal Group, Hunan NingxiangJiweixin, Zuxing New Materials Co., Ltd., Hunan Goldhorse, Angang Group, Jiangsu Tianyuan Metal Powder Co., Ltd, Zhangqiu Metallic Pigment, Metal Powder Company, AMG Alpoco UK, RUSAL, MMP Industries Ltd., and Arasan Aluminium Industries (P) Ltd. |
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Market Trends
Aluminium has a strong corrosion resistance and can help to extend the products such as vehicles lifespan. As a result, there is a growing demand for aluminium powder in the electronics industry, and it is preferred as the primary component in the fabrication of solar cells.
Figure 2. Global Aluminum Powder Market Revenue Share (%), By Material, 2021
Among End-use Industry, Industrial segment accounted for the highest market share of 44% in the global aluminum powder market in 2021. Owing to rapidly increasing urbanization during forecast period.
Global Aluminum Powder Market - Impact of Coronavirus (Covid-19) Pandemic
The breakout of the COVID-19 pandemic has had a significant impact on the global market for aluminum powder. The COVID-19 pandemic has mostly had a negative impact on the chemical sector. Plastic, fertilizers, medications, and packaging materials are all made in large part of the chemical sector. The global spread of COVID-19 is predicted to have a significant impact on chemical demand. According Insight Drive Innovations, in April 2020, due to labor shortages and disruptions in the raw material supply, several industries' manufacturing activities have been reduced to 40–60% of their original capacity. Chemical production decreased by 2.4 percent globally in February 2020, and by 3.9 percent in the Asia-Pacific in the same month.
Key Players
Key players operating in the global aluminum powder market include Alcoa, Henan Yuanyang Powder Technology Co., Ltd, Hefei Sunrise Aluminium Pigments Co.,Ltd, Toyal Group, Hunan NingxiangJiweixin, Zuxing New Materials Co., Ltd., Hunan Goldhorse, Angang Group, Jiangsu Tianyuan Metal Powder Co., Ltd, Zhangqiu Metallic Pigment, Metal Powder Company, AMG Alpoco UK, RUSAL, MMP Industries Ltd, and Arasan Aluminium Industries (P) Ltd.
Increasing use of aluminum powder in technological industries, along with its easy availability and affordability, have all contributed to growth of aluminum powder market. Aluminum is used for several applications such as manufacture of slurry, explosive and detonators. Also used in thermit process to manufacture ferro alloys and for specialized welding applications such as rails. It is also utilized in pyrotechnic to manufacture crackers, sparkles and other pyrotechnic products.
Market Dynamics
Aluminum powder has a longer lifespan than other metals due to its corrosion resistance and ease of recycling, making it a highly durable product. Due to its ability to reflect light, aluminum powder is also being used more frequently as a pigment. These are a few of the additional factors that have helped growth of aluminum powder market.
Furthermore, companies in a variety of industries, such as construction and aerospace, are favoring the use of lightweight materials, such as carbon fibers. This factor is driving up demand for aluminum powder in these industries, which is leading to revenue opportunities in the global aluminum powder market.
Key market players are focusing on product launches, product portfolio expansions, mergers, acquisitions, and partnerships in order to expand their business in market. For instance, in August 2020, Jindal Aluminum, the largest aluminum extruder in India. had announced the launch of powder coating services to augment its product offerings in the architectural and industrial applications. The one of its kind environment-friendly powder coating technology is capable of achieving 1/1000 mm level of accuracy. The process involves powder dispersion, electrostatic charge and curing. It gives the buyer one of the most durable color and long-lasting quality finish aluminum, resistant to fading, scratching, wearing, and peeling.
Key features of the study:
Detailed Segmentation:
*” marked represents similar segmentation in other categories in the respective section.
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