Technavio Announces the Publication of its Research Report Global Aluminum Powders, Pastes, and Flakes Market 2016-2020
Technavio recognizes the following companies as the key players in the global aluminum powders, pastes, and flakes market: Alcoa, AMG Alpoco UK, ECKA Granules, MEPCO, RUSAL, and Toyal.
Other Prominent Vendors in the market are: Ampal, Bahrain Atomizer, ECKART, Silberline, and Valimet.
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Commenting on the report, an analyst from Technavios team said: Presence of aluminum paste in photovoltaic systems and electronics will be a key trend for market growth. Aluminum is a corrosion resistant material and is two times more conductive than copper. In addition, aluminum is also a good insulator and is increasing its market share in the electronics sector. Aluminum powder is expected to increase its share in photovoltaic solar cells. Aluminum is used to produce thick film pastes applied to the back side of the silicon. These pastes are screen printed and metallized to generate an electrical conductor which helps in proper functioning of the photovoltaic solar cell. The application requires superfine aluminum powders and paste with the tightly controlled particle size distribution.
According to the report, demand from automobile industry will be a key driver for market growth. Aluminum is used in various applications in the automobile industry. Aluminum powders, pastes, and flakes are used in automotive paints and in OEM coatings of high-duty engine components and brake linings. By volume, the global motor vehicle production was 92.14 million units in 2015 and will reach 108.95 million units by 2020, growing at a CAGR 3.41%. This predicted growth of the motor vehicle production translates into the demand for aluminum powders, pastes, and flakes for in the automobile industry.
Further, the report states that one of the challenges for the market will be power shortage that leads to imbalance in demand supply. The aluminum industry is considered to be power intensive as 30%-40% of the cost of production is attributed the power cost in smelting operations. Globally, it is noted that even renowned smelters and downstream operations are taking production cut measures over power shortage to sustain the business. As a result, many smelters have shut down during 2010-2015. In 2010, Qatalum, one of the largest aluminum smelters in the Middle East based out of Qatar, was shut down due to power outages. More recently, Alcoa announced that it will close its Warrick County smelting operations in 2016. As South America becomes more dependent on primary aluminum imports, hydropower has become insufficient in fulfilling power requirements for the region. For instance, we expect Brazil to import power from Argentina and Uruguay in order to address the deficiency of power to the industrial sector including aluminum production during the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Aluminum Powder
Aluminum powder is a fine granular powder usually made of spherical or spindle-shaped aluminum particles. It is widely produced by atomization of pure molten aluminum metal that is converted into fine droplets, solidified, collected and used for various applications. Aluminum flakes are derived from aluminum powder by the dry ball milling process. Aluminum flakes are typically irregular in shape under microscopic examination. Aluminum paste is made from aluminum powder or milled flake powder by the wet ball milling process using solvents, such as isopropyl alcohol, ethyl acetate, and xylene.
Technavios analysts forecast the global aluminum powders, pastes, and flakes market to grow at a CAGR of 4.87% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global aluminum powders, pastes, and flakes market for 2016-2020. To calculate the market size, the report considers the revenue generated through sales of aluminum powders, pastes, and flakes for end-users such as industrial, automotive, chemical, construction, explosives, defense and aerospace, and others.
The market is divided into the following segments based on geography:
Technavio’s report, Global Aluminum Powders, Pastes, and Flakes Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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