Global Aluminum Oxide Market, By Form Type (Nanoparticles, Powder, Pellets, Tablets, Sputtering Targets), Purity (2N (99%), 3N (99.9%), 4N (99.99%), 5N (99.999%), 6N (99.9999%)), Application (Abrasive, Aluminum Smelting, Engineered Ceramics, Aluminum Chemicals, Refractories), End User (Medical, Pharmaceuticals, Industrial Manufacturing, Electronics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Aluminum oxide market is estimated to reach a value of USD 40.54 billion by 2028 and is expected to grow at a compound annual growth rate of 7.00% for the forecast period of 2021 to 2028. Data Bridge Market Research report on aluminum oxide market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Aluminum oxide also known as alumina and is an intrinsically appearing compound which finds use in numerous industries, generally in aluminum manufacturing. Aluminum oxide is largely exploited in the construction industry, due to its outstanding properties and relatively significant thermal conductivity. It also provides high strength and hardness in its transparent form, and makes it more suitable as an abrasive.
The increase in use of aluminum oxide in the production of porous ceramics has highly influenced growth of the aluminum oxide market. In line with this, the high demand in the production of dental cements as well as industrial manufacturing processes is also acting as a key determinant which will favor the growth of the aluminum oxide market over the forecast period of 2021 to 2028. Furthermore, the huge demand from pharmaceutical and industrial manufacturing processes and rapid rise in the demand for high-purity alumina in the electrical and electronics industry are also expected to positively impacting the growth of the aluminum oxide market. The major factor which is expected to forward the growth of the market is the increase in the use of the chemical compound in electronics and ceramic sectors.
However, the high risks associated with long-term exposure to aluminum oxide as well as short term exposure of aluminum oxide is projected to cause eye irritation and upper respiratory tract and are expected to act as key restraint towards aluminum oxide market growth rate in the forecast period of 2021 to 2028. Whereas, the fluctuations in aluminum oxide cost with depleting reserves of bauxite ore costs is expected to challenge the growth of the aluminum oxide market in the above mentioned forecast period.
Furthermore, the rapid increase in the use of aluminum oxide as a biomaterial in medical transplant surgeries and rise in aluminum oxide demand from the ceramic industry will further offer a variety of growth opportunities for the aluminum oxide market in the above mentioned forecast period.
This aluminum oxide market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on aluminum oxide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aluminum Oxide Market Scope and Market Size
Aluminum oxide market is segmented on the basis of form type, purity, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of form type, the aluminum oxide market is segmented into nanoparticles, powder, pellets, tablets, and sputtering targets.
- Based on purity, the aluminum oxide market is segmented into 2N (99%), 3N (99.9%), 4N (99.99%), 5N (99.999%) and 6N (99.9999%).
- On the basis of application, the aluminum oxide market is segmented into abrasive, aluminum smelting, engineered ceramics, aluminum chemicals and refractories.
- The end user segment for aluminum oxide market is segmented into medical, pharmaceuticals, industrial manufacturing, electronics and others.
Global Aluminum Oxide Market Country Level Analysis
Aluminum oxide market is analyzed and market size, volume information is provided by country, form type, purity, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the aluminum oxide market because of the huge demand from growing pharmaceutical industries in emerging countries such as India and China. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to increase in aluminum oxide demand from the ceramic industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aluminum Oxide Market Share Analysis
Aluminum oxide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aluminum oxide market.
The major players covered in the aluminum oxide market report are Alcoa Corporation, BASF SE, Ottokemi, W. R. Grace & Co.-Conn., Sasol Limited, Morgan Advanced Materials, Cabot Corporation, RusAL, Almatis GmbH, WASHINGTON MILLS, Sumitomo Chemical Co., Ltd., American Elements, Honeywell International Inc., Sorbead India, Merck KGaA, Evonik Industries AG, J.M. Huber Corporation, Hengye Inc., Shandong Zhongxing New Material Technology Co.,Ltd, and Nivaka Pharmaceuticals Industries, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Aluminum Oxide Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.