Aluminium Powder Market
Growth Factors of Aluminium Powder Market
The Aluminium Powder market size was valued at USD 1.76 billion in 2023, and the market is now projected to grow from USD 1.84 billion in 2024 to USD 2.70 billion by 2032, exhibiting a CAGR of 5.6% during the forecast period of 2024-2032.
On the account of amplified foot restrictions in the phase of pandemic a moderated low generation in the mega businesses such as development, automotive, aviation & defense, gadgets, mechanical apparatus, and customer machines over all territories of the world, come about in diminished item request. Besides, the generation yield of the major businesses was essentially influenced due to the disturbance in supply chains.
Powder metallurgy is termed to be an innovation that is broadly utilized for fabricating parts or components by squeezing metal powders in an inflexible pass on beneath amazingly high weight. The utilization of powder metallurgy in a few businesses, which includes the automotive, aviation & defense, and hardware, proceeds to develop as powder metallurgy is broadly recognized as a compelling elective to machined or cast parts. The developing mindfulness of progressing fuel proficiency in a few creating districts has increased the request for powder metallurgy within the automotive segment.
Rising interests over the item from powder metallurgy for fabricating of parts or components utilization in a few businesses is expected to be the amusement changer for the worldwide market. In later a long time, the car division has seen a worldview move, with partners offering high on the electric future. Additionally, the properties of the powder, including lightweight, high quality, flexibility, adaptability, conductivity, and reflectivity, are pushing its request from the quickly developing automotive industry.
Comprehensive Analysis of Aluminium Powder Market
On the reference of type, the market arena is portioned into atomized aluminum powder and flake aluminum powder. The atomized aluminum powder section accounted for the biggest advertise share. On the reference of application, the marketplace is fragmented into mechanical, automotive, aviation & defense, building & development, hardware & semiconductors, and others. The mechanical portion is the fastest growing and ruled the market.
The major portion of the global aluminium powder market share was captured by the Asia Pacific continent with an elated valuation of USD 0.83 billion revenue share in the projected timeframe. The region is the domestic to a few creating economies with major supporters such as China, India, and others. These nations have an eminent unidentified financial development potential, which can be realized amid the estimate period.
In terms of the competitive scene, the market delineates the nearness of built up and developing companies. AMPAL Inc. (U.S.), NovaCentrix (U.S.), VALIMET, Inc. (U.S.), m-tec powder GmbH (Germany), Henan Yuanyang Powder Technology Co., LTD. (China), MMP Industries Limited (India), Angang Group Aluminium Powder Co., Ltd (China), AVL METAL POWDERS n.v. (Belgium), AMG Advanced Metallurgical Group NV (U.K.) are a few of the key players within the worldwide advertise. These players have a critical fabricating capacity and are locked in in inquire about and advancement for creating progressed items such as nano-aluminium powder for industry-specific applications.
Within the month of June 2021, the company m-tec powder GmbH contributed to extend its generation capacity of the item in South Africa. With the modern venture arrange, the company expecting to extend generation capacities for gas- and air-atomized aluminum powders and aluminium-alloy powders.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Forecast Period 2023-2030
Historical Period 2019-2021
CAGR (2023-2030) 5.6%
Unit Value (USD Billion) and Volume (Kiloton)
Segmentation By Type
Atomized Aluminium Powder
Flake Aluminium Powder
By Application
Industrial
Automotive
Aerospace & Defense
Building & Construction
Electronics & Semiconductors
Others
By Geography
North America (By Type, By Application)
- U.S. (By Application)
- Canada (By Application)
Europe (By Type, By Application)
- Germany (By Application)
- Italy (By Application)
- U.K. (By Application)
- France (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, By Application)
- China (By Application)
- India (By Application)
- Japan (By Application)
- South Korea (By Application)
- Southeast Asia (By Application)
- Rest of the Asia Pacific (By Application)
Latin America (By Type, By Distribution, By Application)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
The Middle East & Africa (By Type, By Application)
- GCC (By Application)
- South Africa (By Application)
- Rest of the Middle East & Africa (By Application)
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