Aluminum Powder Market
Aluminum Powder Market By Grade Type (Powder Metallurgy Grade Aluminum, Additive Metallurgy Grade Aluminum Powder), By End Use, By Process (Air and Gas Atomization-derived Aluminum Powder) - Global Forecast 2021-2031
Aluminum Powder Market Outlook
The global market for aluminum powder is slated to expand at nearly 3% CAGR during the 2021-2031 assessment period. As automotive designers seek lighter body material, sales of aluminum based chemicals are inclining substantially, providing a boost to the market.
Technological advancements are 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 a substantial rate.
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Consumption Analysis of Aluminum Powder from 2016-2020 Vs Market Outlook for 2021 to 2031
As per Fact.MR – a market research and competitive intelligence provider- over the last 5 years, the global market for aluminum powder expanded at nearly 3% CAGR.
Lightweight material is gaining significant traction, as they offer enhanced lifespans. In the automotive sector, lightweight components play a crucial role in the implacable design of automotive vehicle components.
In addition, lightweight material, such as high-strength aluminum alloys and carbon fiber, can directly reduce the overall weight of a vehicle's body and chassis by up to 50%.
The automotive and aerospace sectors are projected to usher in the growth of the market for aluminum powder over the coming years. Based on these trends, the global market is expected to register a CAGR of over 3% through 2031.
How is Green Manufacturing Promoting Sustainability in the Aluminum Powder Industry?
Manufacturers are adopting green manufacturing to reduce overall operating costs by using energy-efficient processes that can significantly reduce energy and utility bills.
Green manufacturing is a focal point for all end users, including aerospace, automotive, oil & gas and building & construction. Regional governments have imposed regulations pertaining to reducing carbon emissions, reducing carbon footprint. Focus is also on augmenting the overall efficiency of a plant using aluminum powder to make customized products according to demand.
Therefore, medium- to large-scale industrial owners are keenly focusing on the adoption of green energy in the aluminum powder market. Renowned manufactures such as KUKA Industries are using industrial robots to achieve higher cost-effectiveness and develop high-performance metal objects for the automotive and aerospace domains.
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How is the Automotive Industry Fueling Aluminum Powder Demand?
Aluminum powder is expected to witness high demand from the automotive industry in the forecast period. The sales of aluminum powder are directly related to lightweight automotive production and vehicle parc.
Despite volatile economic conditions in the recent past, on an average, the global automotive industry has witnessed satisfactory growth. Automotive production is anticipated to increase with a modest CAGR of 3–3.5% during the forecast period.
The development of the automotive industry is significantly influenced by evolving emission standards and rising sales of automobiles across regions. Consumers are seeking high-performance vehicles that are lightweight and fuel-efficient.
According to the Aluminum Association, aluminum is the fastest-growing automotive material, and its use is expected to grow to record content levels of 514 pounds per vehicle by 2026, due to the increased use of auto body sheets (ABS).
The crucial role of aluminum powder for automotive paints and other applications has increased the demand in the automotive sector. Rising demand for metal powders in applications such as 3D printing and rapid prototyping in aerospace and automotive industries will positively influence the growth of the aluminum powders market in the forecast period.
In January 2021, Rusal America announced the expansion of its aluminum product offerings to include Additive Manufacturing (AM) powders for 3D printing. The new powders portfolio is comprised of four traditional Al-Si-based casting alloys and five specialty alloys designed for use in the aerospace and automotive industries, and more broadly in general industry.
How Lucrative is the Growth Opportunity in the U.S?
According to the study, the U.S will maintain its supremacy in the market for aluminum powder, owing to the widespread demand from the region's automotive and aerospace sectors. The country is poised to account for over 50% demand through 2031.
Rising demand for lightweight materials in the automotive and aerospace sectors is projected to accelerate adoption of aluminum powder over the coming years.
According to the Center for Climate and Energy Solutions, transportation is the largest source of carbon emissions in the U.S. Communities with robust public transportation can reduce carbon emissions by 37 million metric tons yearly.
What is the Demand Outlook for Aluminum Powder in China?
China is projected to be a highly lucrative market for aluminum powder. China manufactures aluminum powder at a low cost as compared to the U.S., Germany, and Japan. Therefore, all customers are poised to import components from China.
Furthermore, demand for aluminum powder in solar cell manufacturing is high in the region, as several countries such as China, South Korea, and Japan, along with other developing economies are focusing largely on solar and other renewable sources of energy. Fact.MR expects the Chinese landscape to expand at around 4% CAGR until 2031.
What Growth Opportunities Abound across the Indian Market?
In India, demand for aluminum powder is increasing owing to increased consumption from numerous industries which include metallurgy, chemicals, paints & pigments, explosives, construction, and others.
In addition to this, the country has witnessed an increase in the use of aluminum powder for the production of coating paints. According to Fact.MR, the Indian aluminum powder market is projected to surpass a volume of 32,000 Tons by 2031.
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How are Aerospace & Defence and Automotive Sectors hiking Aluminum Powders Demand?
The aerospace & defence and automotive sectors have been using direct metal deposition technology, which is hiking the demand for aluminum powders. This technique helps create multiple layers, preventing the body from external adversities. Collectively, both sectors will likely generate over 60% revenue.
In the last few years, laser technology is gaining significant traction for metal deposits with metal powder, spurring the demand for aluminum powder. Thus, the integration of these technologies with metal powder is paving the growth path for the global market for aluminum powder.
Why is the Construction Sector Stimulating Sales of Aluminum Powder?
Aluminum powder helps in reducing the weight of bricks. Thus, the versatility of powdered aluminum is being increasingly used in the construction industry. Fact.MR expects the segment to expand at nearly 4% CAGR until 2031.
The aluminum powder market is driven by factors such as a rise in demand in the building & construction industry for brick manufacturing. There has been increasing demand for lightweight bricks in the construction industry which is boosting the sales of aluminum powder.
Historical Data Available for
|US$ Mn for Value & ‘000 Units for Volume|
Key Regions Covered
Key Market Segments Covered
|Key Market Segments Covered||
Key Companies Profiled
Available upon Request
Key Segments Covered
- Powder Metallurgy Grade Aluminum
- Additive Metallurgy Grade Aluminum Powder
- Aluminum Powder for Automotive
- Aluminum Powder for Construction
- Aluminum Powder for Chemical Industry
- Aluminum Powder for Aerospace & Defence
- Aluminum Powder for Fuels & Explosives
- Aluminum Powder for Other End Use Industries
- Gas Atomization-derived Aluminum Powder
- Air Atomization-derived Aluminum Powder
- FAQs -
According to Fact.MR, the aluminum powder market surpassed a volume of nearly 600,000 tons in 2020.
From 2016 to 2020, demand for aluminum powder expanded at around 3% CAGR
Fact.MR anticipates that the global demand for aluminum powder will expand at over 3% CAGR by 2031
A flourishing automotive sector is augmenting demand for lightweight vehicles with very less or zero carbon release.
Emphasis on green manufacturing and sustainability is like to open new expansion frontiers.
According to the study, the U.S will register over 50% demand for aluminum powder
According to Fact.MR, the Indian aluminum powder market is projected to surpass a volume of 32,000 Tons by 2031.
Automotive and aerospace and defense, are expected to remain primary end users, contributing over 60% of total demand
Demand for aluminum powder in the construction segment is poised to expand at nearly 4% CAGR through 2031
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