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Global aluminium powder market size projected to reach US$3,453 million by 2021
The global aluminium powder market is estimated to grow at a compound annual growth rate of 3.51per cent to be valued at US$3453 million by 2021 up from US$2,808 million in 2015. As per documented statistics generated till 2015 end, total aluminium powder production volume reached 363,724 tonnes in 2015. In 2016, the volume was estimated at 589,012 tonnes.
According to a market research report, Asia-Pacific region accounted for 44 per cent of the global aluminium powder market share during 2014. In 2015, it grew significantly with only China attributing close to 40 per cent of the world production. Europe’s contribution in 2015 stood at 20.4 per cent and that of North America was estimated at 10.05 per cent.
Application-wise, aluminium pigment accounted for 39 per cent of the total powder consumption compared to refractory materials which accounted for 19.9 per cent in 2015.
Aluminium powder, also known as aluminium flake or metana, is used for several applications such as manufacture of slurry, explosive and detonators, thermit process used for manufacture of ferro-alloys, specialised welding applications, and manufacture of aluminium paste, paints and several pigments used in automobiles manufacturing. With the robust growth across all end user industries, the consumption of aluminium powder is expected to rise considerably.
The companies which will dominate the global aluminium powder market during 2016-2021 include Alcoa (USA), AMG (UK), ECKA (Germany), Rusal (Russia), Toyo Aluminium (Japan), Metal Powder Company (India), Shandong Xinfa (China), Luxi Jinyuan (China), Shandong Jinmao (China), Hunan Jinhao (China), Zhangqiu Metallic Pigment (China), Henan Yuanyang (China), and Hunan Goldsky (China).Get fresh Aluminium data and insights
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