Aluminum Powder Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2030

Aluminum Powder Industry Prospective:

The global aluminum powder market size was worth around USD 1,760.99 Million in 2022 and is predicted to grow to around USD 2,943.01 Million by 2030 with a compound annual growth rate (CAGR) of roughly 6.63% between 2023 and 2030.

Request Free Sample

The report analyzes the global aluminum powder market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the aluminum powder industry. 

Global Aluminum Powder Market: Overview

Aluminum powder is a spherical or granular powder formed from aluminum metal that is reactive, odorless, light, silvery-white to grey, and combustible. The oxidation of aluminum powder is an exothermic process. It's also capable of reacting with a wide range of inorganic and organic compounds. When water, powerful acids, or bases react with aluminum powder, hydrogen gas is produced, which is very flammable. Aluminum powder is available in a variety of particle sizes, from 5 microns to over 1000 microns.

Global Aluminum Powder Market: Growth Factors

The global aluminum powder market has witnessed considerable growth owing to its variety of uses. Aluminum powder is being used to make a wide range of fireworks and explosives. It is also used in the production of several types of electronics. Many paints and sealants include powdered aluminum. In addition to this, aluminum powder is commonly used in the manufacture of items that transmit electrical current, such as solar cells. Further, it is often used in rocket fuel production, and several solid rocket fuels are dependent on chemical processes incorporating this metal.

All such applications have surged its demand which in turn is fostering the market. Additionally, aluminum powder is also used in metallurgy. Aluminum is used to make certain alloys, which are usually made by adding powder to molten metal. Powdered aluminum may be utilized directly by contemporary high-tech equipment to create parts in some circumstances. However, aside from cost and energy consumption, one of the most significant disadvantages of aluminum powder is the hazards associated with its processing.

Request Free Sample

This might limit the growth of the global aluminum powder market. On the other hand, aluminum powder, in addition to being used in paint, may provide dramatic results when it's used in cosmetics and several forms of makeup with a metallic look. This will have better opportunities for the growth of the global aluminum powder market during the forecast period.

With the COVID-19 pandemic sweeping the globe, several industries are starting to feel the effects and it's no different in the aluminum sector. Prices are tumbling, demand is declining, operational activities are being restricted, and capital projects are being examined as a result of the COVID-19 pandemic. However, the extreme need of many end-use industries is likely to boost the demand for aluminum power over the forecast period.

Global Aluminum Powder Market: Report Scope

Global Aluminum Powder Market: Segmentation

The global aluminum powder market is segregated based on types, applications, and regions. Based on types, the market for aluminum powder market is categorized into flake aluminum powder and atomized aluminum powder. The application segment of the market is bifurcated into building & construction, aerospace & defense, chemical, automotive, electronics & semiconductors, and others.

Global Aluminum Powder Market: Regional Analysis

The aluminum powder market is expected to be dominated by North America. This is related to the prospective need for aluminum powder in the solar cell manufacturing industry. According to the Association of Renewable Energy Industries, renewable energy accounted for 40% of all new electricity added to the grid in 2019. Aluminum powder has been adopted in the United States due to solar's increasing competitiveness versus other technologies.

After North America, Asia Pacific is predicted to develop at the quickest rate in the market. Multiple technical improvements in the aluminum end-use sectors are to blame for this. Due to the expansion of the construction sector, Europe holds a significant proportion of the aluminum powder market. Germany has the highest proportion of the aluminum powder market. Toughness, consistency, and texture are all good features of aluminum powder, which make it ideal for building applications. The expansion of end-use industries has resulted in market expansion throughout the Middle East and Africa. Latin America, particularly rising economies like Brazil, offers significant prospects for the aluminum powder industry.

Global Aluminum Powder Market: Competitive Players

The global market for aluminum powder is dominated by some of the well-established industry leaders which include

• Ampal, Inc. 
• AMG Advanced Metallurgical Group
• AVL Metal Powders
• Valimet Inc.
• Angang Group Aluminium Powder
• Pioner Industries Factory FZ LLC
• Henan Yuanyang Powder Technology
• NovaCentrix
• and others.

The global aluminum powder market is segmented as follows:

By Types

• Flake Aluminum Powder
• Atomized Aluminum Powder

By Application

• Building & Construction
• Aerospace & Defense
• Chemical
• Automotive
• Electronics & Semiconductors
• And Others

Global Aluminum Powder Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provide

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, ongoing, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies to fortify their foothold in the market.