Global Aluminum Powder Market – A Report by Fact.MR
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global aluminum powder market. The aluminum powder market report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the aluminum powder market report elaborates the market behavior of each vendor operating in the aluminum powder market.
According to a recently published Fact. MR report, global sales of aluminum powder in 2018 exceeded 110 Thousand tons and is expected to grow at moderate rate in the forecast period. According to the study, North America will maintain its supremacy in the market for aluminum powder, owing to the widespread demand from the region’s automotive and aerospace sectors. The rising demand of lightweight materials in the automotive and aerospace sectors is projected to escalate the growth of the aluminum powder market over the coming years.
The technological advances complementing the use of aluminum powder in a wide range of products such as printing inks, paints and pigments, rocket fuels, and many others, create possibilities for the aluminum powder industry to continue to grow at an unprecedented rate. In addition, aluminum powder is a highly preferred coating solution in automotive and other industries, which can be attributed to its convenience. One of the critical factors that increase the preference for aluminum powder in the market is its high flammability which increases its demand in explosives.
The aluminum powder market report considers the following years to present the overall market growth:
- History Year: 2013 – 2018
- Base Year: 2013
- Estimated Year: 2027
- Forecast Year: 2019 – 2027
Key findings of the aluminum powder market study:
- Regional breakdown of the aluminum powder market based on predefined taxonomy.
- Innovative manufacturing processes implemented by aluminum powder market vendors in detail.
- Region-wise and country-wise fragmentation of the aluminum powder market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global aluminum powder market.
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On the basis of Grade type, the aluminum powder market study consists of:
- Powder Metallurgy Grade
- Additive Manufacturing Grade
On the basis of end use, the aluminum powder market study incorporates:
- Aerospace & Defense
- Fuels & Explosive
On the basis of region, the aluminum powder market study contains:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico)
- Europe (U.K., Germany)
- APEJ (China, India)
Key players analyzed in the aluminum powder market study:
- Alcoa Corporation
- Rusal plc
- Toyal Group
- Kymera International
- Hunan Goldsky
- Hunan Ningxiang Jiweixin
- Luxi Jinyuan
- Hunan Goldhorse
- Angang Group
- Jiangsu Tianyuan
- Arasan Aluminum Industries
The study opines that energy consumption is a significant criteria for each industry for the manufacturing of a product. Aluminum powder with superior grades such as additive manufacturing or 3D-printing can reduce energy consumption to a sizeable percentage. For instance, additive manufacturing in aerospace for making lightweight aerospace components can reduce energy consumption between 5%-25%. Likewise, the use of additive manufacturing in the construction industry can reduce the consumption of energy between 4%-21%. Hence, it is expected that Aluminum powder with additive manufacturing can lead to a 5%–27% reduction in global energy use by 2050. Therefore, the rising adoption of additive manufacturing in various end-use industries is likely to drive the growth of the aluminum powder market over the forecast period.
The metal injection molding (MIM) and direct metal deposition (DMD) are also a significant trend in the global aluminum powder market. This trend is projected to leave a lasting imprint on the market throughout the forecast period. Prominent players in the global aluminum powder market are launching high-quality aluminum powders that can easily be used with additive manufacturing. Moreover, they are also focused on making it eco-friendly by adopting green manufacturing, which, in turn, will usher a growth path for the global market. Mergers and acquisitions will continue to be the winning imperatives for success in the global aluminum powder market.
Queries addressed in the aluminum powder market report:
- How has the global aluminum powder market grown over the historic period of 2014-2018?
- Why are the aluminum powder market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global aluminum powder market?
- Which regions are displaying the fastest growth in the aluminum powder market?
- What are the underlying micro- macroeconomic factors affecting the global aluminum powder market?
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