New York, United States , Nov. 28, 2022 (GLOBE NEWSWIRE) -- The Global Aluminum Powder Market Size is to grow from USD 3.2 billion in 2021 to USD 4.36 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period. The aluminium powder market has grown due to increasing use as a coloring pigment to give paints and coatings a silvery and glossy quality. Additionally, businesses in various sectors, including aerospace and construction, are moving toward using lightweight materials like carbon fibers.
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The flake aluminium powder segment accounts for the largest market size during the forecast period.
Based on the type, the global aluminium powder market is categorized into Automized Aluminium Powder and Flake Aluminium Powder. The flake aluminium powder segment accounts for the largest market size during the forecast period. Flake aluminium powder is used for powder coating and can be utilized for cladding because of its high sheen and whiteness, which has a chrome look.
The automotive segment to hold a higher CAGR during the forecast period.
Based on the application, the aluminium powder market is categorized into Automotive, Aerospace & Defence, Electronics & Semiconductors, Building & Construction, and Others. The automotive segment to hold a higher CAGR during the forecast period. Aluminium powder demand is expected to be quite strong in the automobile industry. Aluminium powder sales are directly impacted by the manufacturing and marketing of lightweight cars. The engineering and design of new automobiles have evolved as automakers emphasize fuel efficiency and low weight. Automobile manufacturers have changed their viewpoint due to the technological knowledge they have acquired about the advantages and disadvantages of several materials, including high-strength steel, aluminum, plastics, composites, and magnesium. The market for aluminium powder is expanding due to the rising demand for aluminium in the automotive sector.
Browse 333 market data Tables and 47 Figures spread through 279 Pages and in-depth TOC on “Global Aluminium Powder Market Size, Share, and COVID-19 Impact Analysis, By Type (Automized Aluminium Powder and Flake Aluminium Powder), By Application (Automotive, Aerospace & Defence, Electronics & Semiconductors, Building & Construction, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.
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On credit portfolios, the COVID-19 epidemic has had a negative effect. The enormous growth has hampered the solvency of customers and businesses in unemployment and interruption of economic activity. Central banks have adopted a proactive strategy of injecting money into the market by decreasing interest rates and implementing asset purchase programs. With persistent geopolitical tensions, global trade battles, and sporadic hurricanes and earthquakes, managing and monitoring credit, market, liquidity, and operational risk across financial markets was challenging enough. Chief risk officers and their teams have had to reevaluate outdated methods and assumptions used to manage and monitor risk due to the present pandemic crisis. The global repercussions of COVID-19 have demonstrated the significance of interconnection in international cooperation. As a result, many governments have been hurrying to find, assess, and buy trustworthy AI-powered solutions.
Asia-Pacific to hold a higher CAGR during the forecast period.
The Global Aluminum Powder Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. North America is estimated to account for the highest market share in 2022. The use of aluminium powder in the United States results from solar energy's rising competitiveness with other technologies. This is the result of numerous technological advancements in the aluminium end-use industries. Aluminium powder has excellent qualities such as toughness, consistency, and texture, making it perfect for construction use.
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Key Companies & Recent Developments: The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major Global Aluminum Powder Market vendors include AMG Advanced Metallurgical Group, Ampal, Inc, Valimet Inc, AVL Metal Powders, Metal Powder Company, Henan Yuanyang Powder Technology, and Arasan Aluminium Industries.
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