Aluminum Powder Market Drivers, Manufacturing Cost Analysis and Growth Rate Forecast till 2022
16th May 2019 – The Aluminum Powder Market is projected to witness a CAGR of 3.6% in the forecast period. Aluminum powder is trifurcated as flakes, granules and atomized. The size dimensions being of identical nature varies with small amounts in the mentioned categories whereas the dimensions of a flake particle may vary significantly with others. Aluminum powder, on heating below 280 C, produces heat. This exothermic reaction gives out hydrogen and aluminum hydroxide as well.
Since the mass particle is small, the entire particle may instantly oxidize and a pile of such particles will burn. As flake particles have a larger surface area per unit mass than granular and atomized particles, the ignition is faster and burns rapidly over other types of powder. Commercially, the use of aluminum powder is higher in building and construction industry, which is applied as aerated concretes. As the demand for aerated concretes is increasing, the construction industry witnesses faster growth across the globe.
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The market is extensively driven by increase in use of aluminum powder for metallurgy and additive manufacturing. Used as a component for power metallurgy techniques, the market for aluminum powder gains a positive traction in the forecast period. Flake powder and Atomized powder are aluminum powder types. Application segment for aluminum powder market includes rocket fuel, pyro-technique, powder metallurgy, solar cell manufacturing and pigment. End-user segmentation for aluminum powder market include building & construction, semiconductor & electronics and chemicals.
- Photovoltaic Metallization Pastes
- Metallic Pigments
- Refractory Materials
- Explosives & Propellants
- Shandong Jinmao
- Shandong Xinfa
- Toyo Aluminium
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Geographical segmentation for Aluminum Powder Market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions account for a significant market share due to rise in manufacturing and expanded scope of usage in developing countries. Demand for aluminum powder in solar cell manufacturing being high in the region along with other developing countries is likely to create favorable market conditions in the APAC sector. Manufacturers are now emphasizing on renewable sources of energy wherein the use of aluminum powder is significant. North American and European market lead the global scenario due to inclination towards renewable sources of energy and wide presence of building & construction sector.
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