2025年中国微细球形铝粉行业产业链、市场规模、竞争格局及未来趋势研判：国内微细球形铝粉产量领先优势不断扩大，行业规模持续保持增长趋势[图]

Industry Overview - Micro-fine spherical aluminum powder is a high-performance aluminum powder material, classified as a non-ferrous metal functional powder material. The industry has seen rapid development and expansion in scale due to the accelerating growth of downstream industries such as new energy vehicles and aerospace [1][4] - The industry began in the 1950s in China, utilizing technology from the former Soviet Union to initiate the industrialization process of spherical aluminum powder. Over decades, the application fields have continuously expanded, and the industrial chain has improved [3] Production and Supply - China has become the world's largest producer of micro-fine spherical aluminum powder, with production capacity and output ranking first globally. In 2024, China's annual output increased from 92,000 tons in 2021 to 109,000 tons, maintaining over 60% of the global total output [5][6] - The market supply of coarse and medium-fine powders is relatively sufficient, while fine powder products, essential for solar electronic paste and high-end aluminum pigments, are in short supply due to stringent standards in particle size control and purity [5][6] Market Size and Growth - The market size of China's micro-fine spherical aluminum powder industry is projected to grow from 2.096 billion yuan in 2019 to 2.835 billion yuan in 2024, with expectations to reach approximately 3.789 billion yuan by 2030 [8][10] Downstream Applications - The primary applications of micro-fine spherical aluminum powder are in aluminum pigments and solar electronic paste, which together account for over 55% of the demand for fine powder (average particle size less than 8µm) [10][12] - The production of aluminum pigments has been increasing, with output rising from 42,000 tons in 2018 to around 60,000 tons in 2024, providing strong momentum for the development of the micro-fine spherical aluminum powder industry [10][12] Competitive Landscape - The industry has significant entry barriers, including technical thresholds and capital requirements, leading to a stable competitive landscape. The market is dominated by companies like Xuyang New Materials and Zuxing New Materials, which together hold over 50% market share [14][16] - Xuyang New Materials leads with a market share of approximately 33.98%, while Zuxing New Materials follows with about 24.27% [14] Development Trends - The industry is expected to trend towards micro-fine and spherical products, with increasing demands for product quality and performance from downstream applications [20] - There is a growing emphasis on environmentally friendly and resource-saving practices, driven by heightened public awareness and regulatory policies [21] - The demand for product diversification and customization is increasing, with new application fields emerging as the quality and fineness of aluminum powder improve [22]