Aluminum Powder Market Foraying into Emerging Economies 2019 to 2027 - Says Fact.MR

ROCKVILLE, Md. - Oct. 18, 2019 - PRLog -- According to a recently published Fact. MR report, global sales of aluminum powder in 2018 exceeded 110 Thousand tons and is expected to grow at moderate rate in the forecast period. According to the study, North America will maintain its supremacy in the market for aluminum powder, owing to the widespread demand from the region's automotive and aerospace sectors.

Fact.MR also found that as automotive designers seek lighter weight parts, the aluminum powder market for powder metallurgy parts applications is undergoing a new surge. The rising concern regarding increasing fuel economy and reducing vehicle weight has led to a surge in the demand for powder metallurgy grades in the near future. The Growing demand for sustainable products has boosted the demand for powder metallurgy owing to the escalating demand of lightweight component in automotive sector. The growing preference of aluminum powder for sustainable and innovative production and manufacturing technologies will also drive this market.

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The study opines that energy consumption is a significant criteria for each industry for the manufacturing of a product. Aluminum powder with superior grades such as additive manufacturing or 3D-printing can reduce energy consumption to a sizeable percentage. For instance, additive manufacturing in aerospace for making lightweight aerospace components can reduce energy consumption between 5%-25%. Likewise, the use of additive manufacturing in the construction industry can reduce the consumption of energy between 4%-21%.

Prominent players in the global aluminum powder market are launching high-quality aluminum powders that can easily be used with additive manufacturing. Moreover, they are also focused on making it eco-friendly by adopting green manufacturing, which, in turn, will usher a growth path for the global market. Mergers and acquisitions will continue to be the winning imperatives for success in the global aluminum powder market.

• For instance, in July 2019, Parter Capital Group Ag acquired Avilés and Ca Coruña, Spain aluminum plants from Alcoa.
• Similarly, in July 2018, Toyo Aluminium K.K. and Svam Packaging Industries Private Limited (hereinafter "Svam Packaging Industries"), a processing company of the Republic of India have reached an agreement concerning the acquisition of shares of Svam Packaging Industries

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