According to the latest report by IMARC Group, titled “Indian Aluminium Powder Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on aluminium powder industry in India. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Indian aluminium powder market size reached 41,448.8 Tons in 2022. Looking forward, IMARC Group expects the market to reach 59,129.5 Tons by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
Aluminium metal represents a lightweight, ductile, non-magnetic, malleable metallic element with a soft finish available in numerous forms, which include aluminium sulfate, alum, aluminium powder, etc. Amongst these, its powder is prepared by exposing the molten aluminium metal to a compressed gas jet. After this, the combination is converted into fine droplets, which are later solidified and collected. The collected powder is afterward graded according to the size of the particles. As a result, the powder is naturally combustible, light in weight, odorless, highly flammable, and silvery-white to grey.
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Market Trends:
The rising usage of the powder for several purposes across various sectors, such as metallurgy, chemicals, paints & pigments, explosives, and others, is among the key factors stimulating the Indian aluminium powder market. Moreover, the growing utilization of this grey substance in the construction industry, as it forms an essential component in the production of lightweight concrete, is also propelling the market growth. Besides this, the inflating adoption of the powder, as aluminium shows high corrosion resistance and is effective in increasing the lifespan of the product, is further fueling the global market. Furthermore, the elevating need for this grey substance in the form of pigments, which is effective in reflecting light, is positively influencing the market growth. Apart from this, the escalating demand for the powder in the electronics sector is acting as another significant growth-inducing factor. Additionally, the growing industrialization levels and the increasing infrastructural development projects across the country are anticipated to fuel the Indian aluminium powder market over the forecasted period.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Indian Aluminium Powder Market Segmentation:
Our report has categorized the market based on region, raw material and furnace type.
Breakup by Raw Material:
Breakup by Furnace Type:
Breakup by Region:
Key highlights of the report:
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