The global aluminum powders, pastes, and flakes market wasvalued at around US$ 1.4 Mn in 2017 and is anticipated to expand at a CAGR ofapproximately 6% during the forecast period, according to a new report titled‘Aluminum Powders, Pastes, and Flakes Market: Global Industry Analysis, Size,Share, Growth, Trends, and Forecast, 2018–2026’ published by TransparencyMarket Research (TMR) Increase in demand aluminum powders, pastes, and flakesfrom automotive applications drives the global market. Aluminum powders,pastes, and flakes are used in a wide range of applications in automotivecoatings due to their excellent finish. The aluminum powders, pastes, and flakesmarket in Asia Pacific is expanding at a significant pace owing to the rise indemand for these materials in construction applications in the region.
Rising Demand for High-performance Materials fromConstruction Industry to Drive Aluminum Market
The global construction industry is expanding at a rapid pace. Thisexpansion is attributed to the strong growth of the industry in developing economiesof Asia Pacific. The construction industry in India, China, Thailand,Singapore, Malaysia, South Korea, and Vietnam is growing at a substantial pace.Use of metals is less in the construction industry in North America and Europe;however, aluminum is one of the widely used materials in these regions.Residential construction in the U.S. has been significantly increasing in thelast few years. This trend is expected to continue in the next few years.Aluminum powder, paste, and flakes are key materials used in the building &construction industry. They are widely used in for manufacturing lightweightconcrete. Lightweight concrete is extensively used in modern constructions.Aluminum powders provide the lightweight concrete with high strength to weightratio, which increases the speed of construction. The construction industry isestimated to expand at a substantial pace in the next few years. Additionally,the need for superior materials having high durability, strength, andlightweight, is anticipated to boost the demand for aluminum alloys in theconstruction industry during the forecast period.
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Increasing Demand for Aluminum, Powders, Pastes,and Flakes in Automotive Sector
Automotive paints & coatings is a major application of aluminumpowder, paste & flakes. Aluminum powder, paste, and flakes are employed inthe formulation of automotive coatings, as these enhance the estheticproperties. Smoother surface, lenticular shape of particles, and narrowdistribution of particles ensure superior metallic finish in automotivecoatings. Major applications of aluminum powder, paste, and flakes in theautomotive industry include automotive OEM, automotive interior coatings, wheelcoatings, automotive parts and accessories, and automotive refinishes.
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The global automotive industry has been growing at a significant paceover the last few years. Production of automotive is significantly increasingin developing countries such as China, India, and Brazil in the last few years.Rise in foreign investment in emerging economies has boosted the automotiveindustry. Major automotive manufacturers are focusing on strengthening theirpresence in BRIC countries. This, in turn, is propelling the demand foraluminum powder, paste, and flakes in the automotive industry in BRICcountries.
Powders Segment to Dominate the Aluminum Powders,Pastes, and Flakes Market
In terms of type, the aluminum powders, pastes, and flakes market hasbeen segmented into powders, pastes, and flakes. The powder segmentaccounted for a dominant share of the aluminum powders, pastes, and flakesmarket in 2017. Aluminum powder is used in paints, protective coatings,pigments, printing inks, rocket fuels, explosives, ceramics, and abrasives. Thealuminum paste segment is anticipated to expand at a significant pace duringthe forecast period owing to increasing demand for these pastes in the paints,coatings, and inks applications.
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Industrial Segment to Dominate Aluminum Powders,Pastes, and Flakes Market
Based on application, the global aluminum powders, pastes, and flakesmarket has been divided into industrial, automotive, chemical, construction,blasting & explosives, and aerospace & defense. The industrial segmentis projected to dominate the market. The segment is anticipated to expand at asignificant pace from 2018 to 2026.
Rising Usage of Aluminum Powders, Pastes, andFlakes in Developing Economies Creates Opportunities in Market
In terms of region, the global aluminum powders, pastes, and flakesmarket has been split into Asia Pacific, Europe, North America, Middle East& Africa, and Latin America. Rapid urbanization in developing countriessuch as China, India, and Mexico is boosting the demand for new construction.This, in turn, is propelling the demand for aluminum powders, pastes, and flakesin these countries.
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Large Number of Small to Medium Size Players
Key players covered in this report include United Company RUSAL Limited,Alcoa Corporation, Kymera International, The Metal Powder Company Ltd., ToyoAluminium K.K., Aluminium Bahrain (Alba), United States Metal Powders, Inc.,Silberline Manufacturing Co., Inc., Transmet Corporation, Valimet, Inc, ArasanAluminium Industries (P) Ltd, and Carlfors Bruk AB. These companies operateacross the world. This helps them gain control over the entire value chain andretain their leading position in the market.
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