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 size is projected to grow at a CAGR of 5.7% between 2024 and 2032. Aided by the diverse industrial applications and growing technological innovations, the market is expected to grow significantly by 2032.
Aluminium powder, known for its high conductivity, malleability, and lightweight properties, is extensively used across various sectors including aerospace, automotive, construction, and fireworks. The powder form of aluminium, owing to its reactivity and resultant exothermic properties, finds significant application in explosive and pyrotechnic products. Moreover, it is integral in the production of lightweight concrete and aluminium-based chemicals.
The escalating demand for lightweight yet sturdy materials in the automotive and aerospace industries primarily drives the Indian aluminium powder market growth. As these industries strive for fuel efficiency and enhanced performance, aluminium powder emerges as a critical material in manufacturing lightweight components. The burgeoning automotive sector in India, coupled with the increasing production of electric vehicles, further accentuates this demand.
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Additionally, the construction industry’s continual expansion in India, with an emphasis on modern, sustainable building techniques, has spurred the use of aluminium powder in producing lightweight concrete, further propelling the Indian aluminium powder market demand. This concrete not only offers improved insulation properties but also contributes to the overall structural integrity of buildings.
The Indian fireworks industry, renowned globally, also plays a pivotal role in driving the market. Aluminium powder is a key ingredient in fireworks, contributing to the brightness and intensity of displays. As cultural and religious festivities form an integral part of Indian society, the demand for fireworks, and consequently for aluminium powder, remains consistently high, contributing to the Indian aluminium powder market size.
Technological advancements in the production and application of aluminium powder are significant contributors to market growth. Innovations in particle size reduction and coating techniques have led to the development of more efficient and safer aluminium powder products.
As per the Indian aluminium powder market analysis, the market is expected to benefit significantly from the increasing emphasis on sustainable and eco-friendly materials. Moreover, the ongoing research and development activities aimed at enhancing the properties and applications of aluminium powder are likely to open new avenues for market growth.
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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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