Report Code: A09000 | Pages: NA | Mar 2023 | 1274 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Aluminum Powder Market
Request Now !Aluminum powder, grinded aluminum metal, can be found in four powder forms such as aluminum flake, atomized aluminum, aluminum paste, and aluminum pigment. It exhibits wide range of properties, including weightlessness, odor-free, and high flammability. When aluminum powder reacts with water, strong acids, and bases, it produces extremely flammable hydrogen gas. Aluminum powder is used in the making of sealants, sparkles & glitters, aerated autoclave concrete, paints, reflective roof coating, and printing inks. Furthermore, it is used in production of fireworks and explosives.
COVID-19 impact analysis
Increase in significance of lightweight materials such as carbon fiber in the automotive and aerospace sectors is expected to boost the growth of the aluminum powder market. Furthermore, rise in application of aluminum powder as a coloring pigment to provide luster & silvery finish to paints and coatings boosts the market growth. Aluminum powder is further used in various applications. Significant quantity of aluminum powder is used in pyro-technique, rocket fuel, and explosives. In addition, it is majorly used in additive manufacturing and powder metallurgy.
Thus, adaptability of powdered aluminum is one of the major drivers of the market. Aluminum powder is used in bricks and slabs, which helps in reducing the weight of bricks. Furthermore, the growth of the global market is driven by factors such as rise in demand in the building & construction industry for brick manufacturing.
However, high cost associated with aluminum powder hampers the market growth. Moreover, volatility in raw material price and price fluctuations in global market may negatively impact the market growth.
The global aluminum powder market, by region, is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among all the regions, Asia-Pacific has the largest market share in the aluminum powder market in terms of value and volume, due to rise in additive manufacturing and expansion of various industries such as automotive, equipment manufacturing, and building & construction. Such factors are driving the demand for aluminum powder in Asia-Pacific. Furthermore, demand for aluminum powder in solar cell manufacturing is high in several countries such as China, South Korea, and Japan, along with other developing economies concentrating on solar and other renewable sources of energy. North America is witnessing significant growth, followed by Europe and Asia-Pacific.
Aluminum powder is used in several industries such as explosives, fireworks, and military. Moreover, it is used to make powder coating printing ink, sparkles, and glitters and produce pigments, which are used as coatings in electronic and automotive industries. In the construction industry, it is used to make concrete, paints, and reflective roof coating.
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Questions answered in the global aluminum powder market research report:
Aluminum Powder Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Alcoa, Kymera International, UCR United States L, Toyal Group, Xinfa Group, Henan Yuanyang, Hunan Goldsky, Hunan NingxiangJiweixin, LuxiJinyuan, Hunan Goldhorse, Angang Group, JiangsuTianyuan, Zhangqiu Metallic Pigment, Metal Powder Company, Arasan Aluminium Industries |
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