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At a compound annual growth rate (CAGR) of 5.6% over the forecast period (2023-2030), the size of the global aluminum oxide market is expected to increase from $5.48 billion in 2022 to $8.19 billion by 2030.
Due to its widespread use in a variety of sectors, including transportation, aerospace, electronics, and building materials, the global aluminum oxides market is expanding at a healthy clip. Market growth is being fueled by factors such as the expanding construction industry and the ever-increasing need for electrical components. In addition to its many applications in these other fields, aluminum oxide is also employed as a catalyst, filler, and refractory. Increases in manufacturing efficiency have resulted in increasingly pure and effective aluminum oxide products, another factor driving the market. However, issues like raw material price instability and environmental problems with aluminum oxide manufacturing and disposal are hampering market growth. Demand for cutting-edge materials across sectors is projected to fuel global aluminum oxides market expansion in the coming years.
Categorization by Form
Because of its superior purity and big, tabular crystals, tabular aluminum oxide has established itself as the industry standard. With its strong mechanical strength and exceptional wear resistance, it can withstand extreme temperatures without being damaged. The creation of superior ceramics, electrical insulators, and kiln and furnace linings are only some of the many refractory uses for tabular aluminum oxide.
"Activated Aluminum Oxide" is the type segment that is expanding at the quickest rate. Activated aluminum oxide's adsorption and catalytic characteristics are improved by its highly porous structure and huge surface area. As an adsorbent, it finds widespread use in processes including desalination, air purification, and gas separation. In addition to its use as a catalyst, activated aluminum oxide is also put to use in the petrochemical and chemical industries.
Drivers
The Automotive Sector's Rising Demand
The rising demand from the automotive sector is one factor propelling the worldwide aluminum oxide market. Components, engine parts, and coatings are just some of the many automotive uses for aluminum oxide. Aluminum oxide is in high demand because of the automotive industry's focus on using lightweight materials to cut down on fuel consumption and pollution.
Restraints
Raw material price fluctuations
Raw material price fluctuations are a hindrance to the worldwide aluminum oxide industry. Aluminum oxide production is sensitive to changes in the price of bauxite, a key raw material in the manufacturing process. Furthermore, market participants face difficulties in maintaining consistent pricing and profitability due to issues such as supply chain interruptions, geopolitical tensions, and environmental laws.
Strategic Market Shifts
The rising demand for high-purity aluminum oxide from a wide range of sectors is a major factor driving growth in the worldwide aluminum oxide market. Alumina, or high-purity aluminum oxide, has desirable qualities due to its high hardness, chemical resistance, and heat resistance. It finds extensive use in several fields, including electronics, abrasives, and refractories and ceramics. High-purity aluminum oxide is in high demand due to the expanding market for high-performance innovative materials, especially in the transportation, aerospace, and electronics industries. The market for recycled and environmentally friendly aluminum oxide products is growing as awareness of environmental issues and the need for stricter restrictions grows.
Report Coverage
Global Aluminum Oxide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aluminum Oxide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aluminum Oxide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aluminum Oxide market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aluminum Oxide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aluminum Oxide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Almatis GmbH - Germany, Alteo Group - France, Hindalco Industries Ltd. - India, Nabaltec AG - Germany, Altech Chemicals Ltd. - Australia, Sumitomo Chemical Co., Ltd. - Japan, Noranda Alumina - United States, China Hongqiao Group Limited - China, Alcoa Corporation - United States, Rusal - Russia, Norsk Hydro ASA - Norway, UC RUSAL - Russia, Emirates Global Aluminium PJSC - United Arab Emirates, Showa Denko K.K. - Japan, Refractaria S.A. - Spain, Imerys - France, Orbite Technologies Inc. - Canada, Bosai Minerals Group Co., Ltd. - China, J.M. Huber Corporation - United States, AluChem, Inc. - United States
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aluminum Oxide market based on the below-mentioned segments:
Global Aluminum Oxide Market, By Type
Tabular Aluminum Oxide
Activated Aluminum Oxide
Global Aluminum Oxide market, Regional Analysis
Due to its widespread use in a variety of sectors, including transportation, aerospace, electronics, and building materials, the global aluminum oxides market is expanding at a healthy clip. Market growth is being fueled by factors such as the expanding construction industry and the ever-increasing need for electrical components. In addition to its many applications in these other fields, aluminum oxide is also employed as a catalyst, filler, and refractory. Increases in manufacturing efficiency have resulted in increasingly pure and effective aluminum oxide products, another factor driving the market. However, issues like raw material price instability and environmental problems with aluminum oxide manufacturing and disposal are hampering market growth. Demand for cutting-edge materials across sectors is projected to fuel global aluminum oxides market expansion in the coming years.
Categorization by Form
Because of its superior purity and big, tabular crystals, tabular aluminum oxide has established itself as the industry standard. With its strong mechanical strength and exceptional wear resistance, it can withstand extreme temperatures without being damaged. The creation of superior ceramics, electrical insulators, and kiln and furnace linings are only some of the many refractory uses for tabular aluminum oxide.
"Activated Aluminum Oxide" is the type segment that is expanding at the quickest rate. Activated aluminum oxide's adsorption and catalytic characteristics are improved by its highly porous structure and huge surface area. As an adsorbent, it finds widespread use in processes including desalination, air purification, and gas separation. In addition to its use as a catalyst, activated aluminum oxide is also put to use in the petrochemical and chemical industries.
Drivers
The Automotive Sector's Rising Demand
The rising demand from the automotive sector is one factor propelling the worldwide aluminum oxide market. Components, engine parts, and coatings are just some of the many automotive uses for aluminum oxide. Aluminum oxide is in high demand because of the automotive industry's focus on using lightweight materials to cut down on fuel consumption and pollution.
Restraints
Raw material price fluctuations
Raw material price fluctuations are a hindrance to the worldwide aluminum oxide industry. Aluminum oxide production is sensitive to changes in the price of bauxite, a key raw material in the manufacturing process. Furthermore, market participants face difficulties in maintaining consistent pricing and profitability due to issues such as supply chain interruptions, geopolitical tensions, and environmental laws.
Strategic Market Shifts
The rising demand for high-purity aluminum oxide from a wide range of sectors is a major factor driving growth in the worldwide aluminum oxide market. Alumina, or high-purity aluminum oxide, has desirable qualities due to its high hardness, chemical resistance, and heat resistance. It finds extensive use in several fields, including electronics, abrasives, and refractories and ceramics. High-purity aluminum oxide is in high demand due to the expanding market for high-performance innovative materials, especially in the transportation, aerospace, and electronics industries. The market for recycled and environmentally friendly aluminum oxide products is growing as awareness of environmental issues and the need for stricter restrictions grows.
Report Coverage
Global Aluminum Oxide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aluminum Oxide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aluminum Oxide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aluminum Oxide market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Almatis GmbH - Germany, Alteo Group - France, Hindalco Industries Ltd. - India, Nabaltec AG - Germany, Altech Chemicals Ltd. - Australia, Sumitomo Chemical Co., Ltd. - Japan, Noranda Alumina - United States, China Hongqiao Group Limited - China, Alcoa Corporation - United States, Rusal - Russia, Norsk Hydro ASA - Norway, UC RUSAL - Russia, Emirates Global Aluminium PJSC - United Arab Emirates, Showa Denko K.K. - Japan, Refractaria S.A. - Spain, Imerys - France, Orbite Technologies Inc. - Canada, Bosai Minerals Group Co., Ltd. - China, J.M. Huber Corporation - United States, AluChem, Inc. - United States |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Aluminum Oxide Market from 2021 to 2030.
- Market Forecast for Aluminum Oxide Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Aluminum Oxide competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Aluminum Oxide
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aluminum Oxide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aluminum Oxide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Almatis GmbH - Germany, Alteo Group - France, Hindalco Industries Ltd. - India, Nabaltec AG - Germany, Altech Chemicals Ltd. - Australia, Sumitomo Chemical Co., Ltd. - Japan, Noranda Alumina - United States, China Hongqiao Group Limited - China, Alcoa Corporation - United States, Rusal - Russia, Norsk Hydro ASA - Norway, UC RUSAL - Russia, Emirates Global Aluminium PJSC - United Arab Emirates, Showa Denko K.K. - Japan, Refractaria S.A. - Spain, Imerys - France, Orbite Technologies Inc. - Canada, Bosai Minerals Group Co., Ltd. - China, J.M. Huber Corporation - United States, AluChem, Inc. - United States
Primary Target Market
- Market Players of Aluminum Oxide
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aluminum Oxide market based on the below-mentioned segments:
Global Aluminum Oxide Market, By Type
Tabular Aluminum Oxide
Activated Aluminum Oxide
Global Aluminum Oxide market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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