Indian Aluminium Powder Market Size, Share, Trends, Price, Growth, Analysis, Report, Forecast 2024-2032
According to a new report by Expert Market Research titled, “Indian Aluminium Powder Market Share, Size, Report and Forecast 2024-2032″, the Indian aluminium powder market reached a volume of nearly 40,488.59 tons in 2023. Aided by rapid urbanisation and increasing commercial mining, the market is projected to further grow at a CAGR of 5.60% between 2024 and 2032 to reach a volume of 56,466.07 tons by 2032.
Aluminium powder is a fine granulated powder produced by pulverising aluminium metal. Due to its high reactivity and pyrophoric nature, it’s widely employed in a variety of applications ranging from fireworks and explosives to solar cells and paints. Aluminium powder is also pivotal in the production of lightweight concrete, which is becoming increasingly prevalent in modern infrastructural projects. Furthermore, it’s a preferred choice in the manufacturing of automotive parts, owing to its weight reduction capabilities, which is critical for fuel efficiency.
The Indian aluminium powder market trends suggest a rapid adoption of this powder in the expanding automotive industry of India. The push towards electric vehicles, underscored by the Indian government’s incentives and favourable policies, requires lightweight components for optimum battery performance. Aluminium powder, with its characteristics of being lightweight yet robust, naturally finds a significant demand in this arena.
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Furthermore, fuelling the Indian aluminium powder market growth is the robust expansion of the construction industry. With urbanisation proceeding at an unprecedented rate in India, there’s an evident demand for sustainable building materials. Aluminium powder, when mixed with concrete, provides a lightweight, porous structure, commonly referred to as aerated concrete. This form of concrete ensures efficient insulation, thereby reducing energy costs and supporting sustainable building practices.
Additionally, technological advancements and innovative applications are further pushing the Indian aluminium powder market size. The advent of metal 3D printing, which utilises metal powders like aluminium for creating intricate parts for aerospace and defence applications, is opening up new areas of opportunities for market players.
Moreover, an upswing in research and development activities in the realm of energy, especially in solar cells, is bolstering the demand for high-quality aluminium powder. Aluminium powder plays a pivotal role in enhancing the efficiency of solar cells, and with India aiming to reach ambitious solar energy targets, the Indian aluminium powder market demand is set to surge.
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Market Segmentation
The market can be divided based on raw material, furnace type, and region.
Market Breakup by Raw Material
• Aluminium Ingots
• Aluminium Scrap
Market Breakup by Furnace Type
• Oil-Fired Furnace
• Gas-Fired Furnace
• Electric Furnace
Market Breakup by Region
• North India
• South India
• East India
• West India
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Indian aluminium powder market. Some of the major players explored in the report by Expert Market Research are as follows:
• The Metal Powder Company Limited
• MMP Industries Ltd.
• The Arasan Aluminium Industries (P) Ltd.
• Others
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