Global Aluminum Powders, Pastes, and Flakes Market – High Demand from the Construction Industry to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#Minerals–Technavio’s latest market research report on the global
aluminum powders, pastes, and flakes market provides an
analysis of the most important trends expected to impact the market
outlook from 2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

According to Technavio market research analysts, the global aluminum
powders, pastes, and flakes market will grow at a CAGR of over 5% during
the forecast period. Growing investments in infrastructure are a major
factor driving the market’s growth.

The global construction industry is growing at a rapid pace, where a
significant contribution comes from emerging countries. In terms of
revenue, the global construction market was valued at approximately USD
9 trillion in 2016 and is expected to reach USD 15 trillion by 2025.
Therefore, high demand from the construction sector is expected to
foster the growth in the global aluminum powders, pastes, and flakes
market during the forecast period.

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In this report, Technavio highlights the growing demand for aluminum
nanopowders as one of the key emerging trends in the global aluminum
powders, pastes, and flakes market:

Growing demand for aluminum nanopowders

With the increase in adoption of nanotechnology, advanced methods of
producing ultrafine and nanosized powders have become quite popular.
This growth is due to the increasing demand from high-performance and
specialized applications. Due to their catalytic properties, aluminum
nanopowders are used in rocket fuels to increase the combustion process.
They are also added to normal aluminum to improve sintering processes of
ceramics, increase density, improve heat transferability, and enhance
thermal conductivity.

“Some of the other applications of aluminum nanoparticles include
material surface coatings, integrated circuit packaging, wear-resistant
additives, catalyst support, biomaterials, drug delivery, transparent
optical coatings, and nanocomposites. The use of aluminum nanoparticles
in these applications is expected to increase the demand for aluminum
powder during the forecast period,” says a senior analyst at
Technavio for metals
and minerals research.

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Global aluminum powders, pastes, and flakes –
market segmentation

This market research report segments the global
aluminum powders, pastes, and flakes market by product (paste,
flakes and flake pigments, and powder), by end-user (industrial,
automotive, aerospace and defense, construction, and others), and by key
regions (Americas, APAC, Europe, and ROW).

The aluminum paste product segment held the largest market share in
2017, accounting for nearly 39% of the market, followed by the flakes
and flake pigments, and powder segments respectively. APAC is expected
to witness the maximum growth over the forecast period and was the
leading region in 2017 with a market share of around 45%.

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