NEW YORK (Scrap Register): The latest report by IMARC Group estimates that the global aluminium powder market reached a volume of 617,238 Tons in 2018, growing at a CAGR of 2.2% during 2011-2018.
Aluminium powder is a silver-white, lightweight and odorless powder which is obtained by finely grinding aluminium metal sheet in the presence of a food-grade fatty acid.
It is primarily available in two types – atomized aluminium powder and aluminium flake powder. Atomized aluminium powder is spherical in shape whereas aluminium flake powder is in the form of flattened platelets.
Due to its affordability, efficiency, resistance to corrosion and highly flammable nature, aluminium powder is extensively used for manufacturing explosives, printing inks, reflective roof coatings, autoclaved aerated concrete, sparkles, glitters, paints and sealants.
One of the primary factors which is escalating the sales of aluminium powder is its vast applications across industries like military, aerospace, mining, automotive, chemical and construction.
Aluminium powder is used for several military applications as it releases flammable hydrogen gas when it comes in contact with water, alcohol, or strong acids and bases. Moreover, it is used in the automotive industry for the production of automobile paints and sealants.
Inflating disposable incomes of individuals across the globe have escalated the sales of luxury cars, thereby providing a thrust to the growth of the aluminium powder market.
Further, technological advancements in the construction industry have led to the introduction of light-weight concrete which requires aluminium powder as a major raw material.
On account of these factors, the global aluminium powder market is expected to reach a volume of around 682,911 Tons by 2024, exhibiting a CAGR of 1.6% during 2019-2024.
