Global Aluminium Powder Market By Regions, Growth, Opportunities and Forecast To 2022
The market is further expected to reach a volume of around 670 Thousand Tons by 2022.
United States, 23 November 2017 -- The market has experienced a stable growth in recent years. The factors which have contributed in influencing the market growth are the chemical properties of aluminium powder, and its applications across several sectors, such as automotive, industrial coatings, paint & chemicals, etc.
The latest report by IMARC Group titled, “Aluminium Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global aluminium powder market reached a volume of nearly 600 Thousand Tons in 2016, growing at a CAGR of more than 2% during 2009-2016. Aluminium powder is obtained by finely grinding aluminium metal. It is an odourless substance which is silvery white in colour and light in weight. It is available in two types – atomised aluminium powder and aluminium flake powder. Atomised aluminium powder is spherical in particle shape, while aluminium flake powder, which is produced by either mechanical stamping or ball milling, is in the form of flattened platelets.
The use of aluminium powder in explosives is the biggest factor driving the growth of the market.
North America represents the largest market for aluminium powder, accounting for the majority of the share.
The market is expected to reach a volume of around 670 Thousand Tons by 2022.
Aluminium powder is non-toxic in nature but is a highly reactive flammable material. It releases flammable hydrogen gas when it comes in contact with water, strong acids and bases, and alcohols. Due to this, it is used in explosives, particularly for military applications. Moreover, it is combined with oxygen and is used for rocket launching in the aerospace industry. As it reacts with water to produce hydrogen, aluminium powder can also be used to make ‘lightweight’ concrete. Some of the other applications of aluminium powder include the manufacturing of paints, reflective roof coating, printing inks, cosmetic colorant, etc. Further, the market is further expected to reach a volume of around 670 Thousand Tons by 2022.
The market is segmented on the basis of major end-uses of aluminium powder, which include industrial, automotive, industrial coatings, and paint & chemicals. An evaluation of the market on a regional basis is given, with Europe, North America, South America, Asia Pacific, and Middle East and Africa being the major markets. At present, North America represents the principal market for aluminium powder, accounting for the majority of the share. North America is followed by Asia and Europe. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are Alcoa, UC Rusal, The Aluminium Powder Co. Ltd., Ecka Granules, Toyal America Inc., Ampal Inc., and Valimet.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Submitted by Imarc Group, IMARC Group on Thursday, 23 November 2017 at 2:24 PM
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