Aluminum Powder Market

Aluminum Powder Market Overview (2023-2033)

The global aluminum powder market size is estimated to be valued at US$ 533.0 million in 2023 and it is anticipated to grow at a CAGR of 6.4% to reach a valuation of US$ 992.3 million by the end of 2033.

Aluminum has a high level of corrosion resistance and extends the life of the product. Aluminum powder is therefore in greater demand in the electronics sector and is used as the primary component in the manufacture of solar cells.

Report Attributes	Details
Aluminum Powder Market Size (2022A)	US$ 503.0 Million
Estimated Market Value (2023E)	US$ 533.0 Million
Forecasted Market Value (2033F)	US$ 992.3 Million
Global Market Growth Rate (2023-2033)	6.4% CAGR
East Asia Market Growth Rate (2023-2033)	~7.1% CAGR
East Asia Market Share (2023)	~25.1%
Key Companies Profiled	Alcoa Corporation RUSAL Aluminium Powder Company Ltd Belmont Metals Kymera International Toyal America Inc. Angang Group Metal Powder Company Arasan Aluminium Industries Jiangsu Tianyuan Zhangqiu Metallic Pigment

Sales Analysis of Aluminum Powder: Historic to Future

Aluminum powder is used during the manufacturing process of sealants, paints, printing inks, autoclave concrete, and glitters. Additionally, it is employed in the manufacture of explosives and fireworks.

Aluminum powder is also used in personal care and cosmetics products that are applied on hair, skin, and nails to impart a white shiny color and texture. It has been approved by FDA as a coloring agent to be used in cosmetic products that are applied externally.

• Short Term (2023-2026): Burgeoning demand from the construction, chemical, and paint & coatings industry is driving the market for aluminum powder.
• Medium Term (2026-2029): Escalating demand for aluminum powder from the Asia-Pacific region for eco-friendly coatings in the production of coatings and printing ink in the electronics and automobile industries will open up the path for the adoption of aluminum powder adoption.
• Long Term (2029-2033): Government investment in electric vehicle and infrastructure development especially across emerging economies to ignite the consumption of aluminum powder during the forecast period.

Over the 2018-2022 historical period, the global market registered a CAGR of 4.0%, according to the Fact.MR, a market research and competitive intelligence provider, the aluminum powder market growth is projected to exhibit at 6.4% CAGR between 2023 and 2033.

“Awareness Pertaining to Lightweight Material Components Presenting Significant Potential”

Lightweight material is becoming increasingly popular across a wide range of industries due to its advantageous qualities, including high accuracy and a longer predicted life, among others. Lightweight components are essential to the unwavering design of automotive vehicle parts in the automotive industry. A precise design of an automotive vehicle can also increase performance while increasing overall efficiency.

The demand for aluminum powder in the automotive industry has expanded as a result of its importance in vehicle paints and other applications. The market for aluminum powders is expected to expand favorably during the forecast period due to the rising demand for metal powders in applications like 3D printing and rapid prototyping in the aerospace and automotive industries.

In the aerospace sector, lightweight material plays a crucial role in enhancing fuel economy. It is an ipso facto that a wide-body aircraft should have merely 500 kg weight of the coating. Therefore, to meet the economic demand, it has become important to use lightweight components to manufacture aircraft interior components. Thus, the rising cognizance of lightweight material in the automotive and aerospace sectors is projected to usher the growth of the aluminum powder market over the coming years.

“Factors Affecting the Aluminum Powder Market Growth”

There are certain risks associated with the processing of aluminum powder, in addition to energy consumption and cost. Ultra-fine aluminum reacts with oxygen quickly even at room temperature, necessitating the installation of suitable safety equipment and the use of personnel with the relevant training in the manufacturing facilities. Aluminum powder is flammable and reaction with air can results in a dust explosion.

Fluctuation in raw material prices also affects the market’s growth. There has been a spike in aluminum prices in recent years due to Increased consumption, the war between Russia and Ukraine, and a number of other reasons. Aluminum is the most important raw material during the manufacturing process.

Country-wise Insights

Boosting Solar Energy Projects in the US to Supplement Market Growth

The increasing solar energy’s parity with other technologies is enhancing the demand for aluminum powder in the country. This is the outcome of several technological developments in the end-use sectors for aluminum. Aluminum powder is ideal for use in the manufacture of solar panels since it has great characteristics like toughness, texture, high reflecting efficiency, and consistency.

According to EIA, the US generated 115 billion kWh of electricity using solar energy in 2021. Government and various federal agencies are focusing on making solar power plants due to increased inclination towards renewable energy.

According to a study by SETO and NREL, with supportive government policies, electrification on a large scale, and cost reduction, solar energy may hold almost 40% of the total electricity supply by 2035 which will increase to 45% by 2050.

The United States aluminum powder market will expand over the projected period at a CAGR of 5.4% during the forecast period.

Will the Growing Oral Hygiene Concerns in China Drive Aluminum Powder Demand?

China is a leader in aluminum production and export and produced around 39 million metric tons of aluminum in 2021 which accounted for 57.9% of global production.

Ongoing construction activities in the country due to population increase, urbanization, and industrialization are driving the construction and paints & coatings industry in the country. Growing end-use industries will bolster the demand for aluminum powder in China. Owing to cheap labor and availability of raw materials in the country have led manufacturers to set up their manufacturing plants in China.

Due to such favorable factors, China’s market for aluminum powder is expected to register a CAGR of 7.8% over the forecast.

Category-wise Insights

Why is Air Atomization Technique Frequently Employed to Make Aluminum Powder?

In the process of air atomization, both atomization and melting take place in the air. The molten metal is broken up by compressed air jets, and cooling is frequently accomplished by drawing enormous quantities of cooled air. This technique has been widely employed since the 1900s, to make powders of tin, aluminum, zinc, lead, copper, and copper alloys.

The air atomization-derived aluminum powder is anticipated to grow over the forecast period.

Will the Market Be Driven by Growing Construction Industry?

Aluminum powder is utilized frequently in the construction sector as the aluminum powder is used to reduce the weight of the bricks. The demand for brick manufacturing in the building and construction sector is one of the drivers driving the market for aluminum powder. Sales of aluminum powder are expanding as a result of the building industry's growing need for lightweight bricks.

Owing to the above-mentioned factors, the demand for aluminum powder from the construction industry is expected to expand at a CAGR of 5.0% in the upcoming period.

Competitive Landscape

Prominent aluminum powder manufacturers are Alcoa Corporation, Arasan Aluminium Industries, Aluminium Powder Company Ltd, Belmont Metals, Kymera International, Toyal America Inc., Angang Group, Jiangsu Tianyuan, Metal Powder Company, UC Rusal, and Zhangqiu Metallic Pigment.

Global aluminum powder manufacturers have entered into acquisitions and mergers to expand their customer base as well as increase their market shares across the globe. The prominent manufacturers are also focusing on the development of innovative production processes, which, in turn, has led to an increase in R&D spending. As automotive designers seek lighter-weight parts, the aluminum powder market for powder metallurgy (PM) parts applications is going through a new surge.

Fact.MR has provided detailed information about the price points of key manufacturers of aluminum powder positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Aluminum Powder Industry Research

• By Grade Type :

  • Powder Metallurgy Grade
  • Additive Metallurgy Grade

• By Process :

  • Gas Atomization-derived
  • Air Atomization-derived

• By End Use :

  • Automotive
  • Construction
  • Chemical
  • Aerospace & Defense
  • Fuels & Explosive
  • Others (Pigments, Inks, etc.)

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA