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Global aluminum powder market to grow at CAGR of 1.5% in 2022-2027

29 Nov 2022 16:43 reported by Joy Liu

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According to a report, during the forecast period from 2022 to 2027, the global aluminum powder market was expected to grow at a compound annual growth rate (CAGR) of 1.5%.

The application of aluminum powder in various fields, such as automobiles, construction, and industry, has increased, which boosted the demand.

In the forecast period, the demand for aluminum powder was expected to rise further, driven by higher sales of electric vehicles and luxury cars, rapid urbanization, more investments in the construction of residential and commercial projects, as well as growing industrialization in the developing countries.

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