LONDON--(BUSINESS WIRE)--According to the latest research study released by Technavio, the aluminum powder, flakes, and paste market is expected to reach close to 332.4 thousand metric tons in terms of shipments by 2019.
This research report titled ‘Aluminum Powder, Flakes, and Paste Market 2015-2019’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all leading regions.
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“Aluminum is not only resistant to corrosion, but also more conductive than copper wiring. In addition, as aluminum acts as a good insulator, its adoption is growing in the electronics segment. For instance, it is being used for manufacturing solar cells. The use of aluminum is also extensive in the production of thick film pastes, applied at the back of the silicon. These pastes are screen-printed and metallized to improve electric conductivity and its application requires superfine powders with tightly controlled particle size distribution,” said Chandrakumar Badala Jaganathan, one of Technavio’s lead analysts for metals and minerals research.
“Technavio researchers forecast the global photovoltaic cell market to grow at a CAGR of 10% during the forecast period, and it is predicted to significantly drive the demand for aluminum powders over the next four years,” added Chandrakumar.
Segmentation of global aluminum powder, flakes, and paste market by application 2014
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Industrial | 22.25% | |||
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Automotive | 19.50% | |||
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Chemical | 15.78% | |||
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Construction | 14.20% | |||
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Explosives | 14.05% | |||
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Defense and aerospace | 9.46% | |||
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Others |
4.76% |
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Source: Technavio research |
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Largest segment: aluminum powder, flakes, and paste market for industrial applications
The market shipped 58.52 thousand metric tons of aluminum powder, flakes, and paste for industrial applications in 2014. Aluminum powder, flakes, and paste are used in solar cells, industrial coatings, refractors, thermite welding and welding electrodes, metallurgy applications, and aluminum soldering.
In metallurgy, aluminum powder is used for the following applications:
- As a source of heat, and as a reducing agent: Alumino-thermic applications like production of ferroniobium and exo-thermic applications use aluminum in hot-topping compounds, stress relieving, exothermic welding, and powder lancing
- As an ingredient in alloying additives: Aluminum powder and other ingredients are added to molten metals as alloying additives
Aluminum powder also plays a vital role in enhancing the efficiency of solar cells. The manufacturing cost of such cells can be lowered by reducing the powder size. A film paste of aluminum is applied to solar cells through a metalizing and screen-printing process. It thereby improves the conduction properties in these cells. In addition, aluminum powder is also gaining popularity in welding applications because of its high melting point and low cost.
Second largest segment: aluminum powder, flakes, and paste market for automotive applications
In 2014, the market shipped close to 51.28 thousand metric tons of aluminum powder, flakes, and paste for automotive applications. Aluminum powder, flakes, and pastes are used in various automotive applications such as in automotive paints, original equipment manufacturer (OEM) coatings of high duty engine components, and brake lining. Aluminum powder is popularly used in the manufacture of silver metallic pigments that enhance the visual appeal of coatings, paints, inks, plastics, and textiles.
Aluminum paste is comprised of 70% aluminum powder, and 30% additive and compounding elements. It is widely used in paints due to its selective absorption property, which contributes to different appearances of paints. Due to these properties, the market share of aluminum will increase in the paints and coatings, and automotive segment during the forecast period.
Global aluminum powder, flakes, and paste market for chemical applications
The market shipped 41.5 thousand metric tons of aluminum powder, flakes, and paste for chemical applications in 2014. Aluminum powder is used in the chemical manufacturing of polyolefin, synthetic alcohols, and aluminum-based chemicals. This powder is used as a catalyst because of its high surface area, which helps in faster reaction time.
For increased reactivity, titanium alloy powders are used. Key end markets for aluminum powder in the chemical segment are plastics, deodorants, antiperspirants, and specialty chemicals.
Browse related reports:
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- Global Aluminum Casting Market 2015-2019
- Automotive Aluminum Market in the APAC Region 2015-2019
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