(MENAFN- Ameliorate Digital Consultancy)
Aluminum has a high level of corrosion resistance, which increases the product's life. As a result, aluminum powder is in higher demand in the electronics industry, where it is employed as a fundamental component in the production of solar cells.
The global aluminum powder market is expected to be worth US$ 533.0 million in 2023 and to rise at a CAGR of 6.4% to reach US$ 992.3 million by the end of 2033.
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Aluminum powder is in high demand in the automotive industry due to its use in vehicle paints and other uses. Because of the increased demand for metal powders in applications such as 3D printing and fast prototyping in the aerospace and automotive industries, the market for aluminum powders is likely to expand favourably during the forecast period.
The growing parity of solar energy with other technologies is driving demand for aluminium powder in the country. This is the result of various technological advancements in aluminum's end-use sectors. Aluminum powder is perfect for use in the production of solar panels due to its excellent properties such as durability, texture, high reflecting efficiency, and consistency.
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
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One of the factors boosting the market for aluminium powder is the demand for brick manufacture in the building and construction sector. Aluminum powder sales are increasing due to the increased need for lightweight bricks in the construction industry.
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
Market Dynamics:
The report also offers in-depth analysis of how market dynamics will change over the course of the next years within the forecast period. Additionally, it offers useful information on the key trends influencing the current market environment and encouraging for the Aluminum Powder industry's future.
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