Aluminum Oxide Market Size, Share & Growth | Forecast [2031]

Segments - Aluminum Oxide Market by Structural Form Types (Nanoparticles, Powder, Pellets, Tablets, and Sputtering Targets), Applications (Aluminum Smelting, Abrasive, Aluminum Chemicals, Engineered Ceramics, and Refractories), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends and Forecast 2021 – 2028

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

The global aluminum oxide market size is expected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increasing demand from the pharmaceutical and industrial manufacturing sectors.

Aluminum oxide is a white, odorless chemical compound commonly found in different forms, such as powder, pellets, tablets, pieces, nanoparticles and sputtering targets. It is widely used as an electric insulator, abrasive, and a protective layer in industrial manufacturing processes to prevent devices from weathering. It also finds applications in chromatography and making ceramic materials around the world on account of its high thermal conductivity. It also provides high strength and hardness in its transparent form, and makes it more suitable as an abrasive.

Aluminum oxide is used across a number of applications some of which include pharmaceutical and industrial manufacturing. It is also used for chromatography. Aluminum oxide is also used as a layer over a number of devices to protect them from weathering. Aluminum oxide is also a widely used phosphate remover. Aluminum in the form of both salts and solid alumina, removes phosphate from aqueous solutions.

Market Trends, Drivers, Restraints, and Opportunities

Increasing demand from the pharmaceutical and medical sectors is estimated to drive the market growth.
Growing production of porous ceramics is one of the key factors fueling the market growth.
Increasing demand for industrial manufacturing, and electronics industries to accelerate the growth of the market.
High demand in the production of dental cements is expected to contribute to the growth of the market during the forecast period.
Rising use of the chemical compound in electronics and ceramic sector is one of the major factors driving the market growth.
Rising environmental pollutants is expected to contribute to the growth of the market during the forecast period.
Huge potential as biomaterial in the medical industry across the globe is expected to create lucrative opportunity for the global aluminum oxide market.

Scope of the Report

The report on the global aluminum oxide market includes an assessment of the market, trends, segments, and Geography markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Aluminum Oxide Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Structural Form Types (Nanoparticles, Powder, Pellets, Tablets, and Sputtering Targets), and Applications (Aluminum Smelting, Abrasive, Aluminum Chemicals, Engineered Ceramics, and Refractories)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	China Hongqiao Group Limited; Aluminum Corporation of China Limited (CHALCO); Xinfa Group Co. Ltd; Sasol and Alcoa Corporation.

Global Aluminum Oxide Market Segment Insights

Powder is expected to grow at a robust pace

Based on structural form types, the market is segregated nanoparticles, powder, pellets, tablets, and sputtering targets. The powder segment is anticipated to account for a significant market share during the forecast period due to increasing demand for the opportunities owing to its cost-effectiveness followed by the excellent properties.

Aluminum smelting segment is projected to dominate the market

On the basis of applications, the global aluminum oxide market is segregated into aluminum smelting, abrasive, aluminum chemicals, engineered ceramics, and refractories. The aluminum smelting segment is projected to expand at a considerable CAGR during the forecast period.

Asia Pacific is anticipated to constitute a large market share

In terms of regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific to account for a large market share due the utilization of aluminum oxide in emerging countries such as India and China and favorable regulatory policies in these countries.

Segments

The global aluminum oxide market has been segmented on the basis of

Structural Form Types

Nanoparticles
Powder
Pellets
Tablets
Sputtering Targets

Applications

Aluminum Smelting
Abrasive
Aluminum Chemicals
Engineered Ceramics
Refractories

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Alcoa Corporation
Aluminum Corporation of China Limited (CHALCO)
Xinfa Group Co. Ltd
China Hongqiao Group Limited
Sasol

Competitive Landscape

Key players competing in the global aluminum oxide market China Hongqiao Group Limited; Aluminum Corporation of China Limited (CHALCO); Xinfa Group Co. Ltd; Sasol; and Alcoa Corporation.

Aluminum Oxide Market By Key players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aluminum Oxide Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Aluminum Oxide Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Aluminum Oxide Market - Supply Chain
  4.5. Global Aluminum Oxide Market Forecast
     4.5.1. Aluminum Oxide Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Aluminum Oxide Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Aluminum Oxide Market Absolute $ Opportunity
5. Global Aluminum Oxide Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Aluminum Oxide Market Size and Volume Forecast by Applications
     5.3.1. Aluminum Smelting
     5.3.2. Abrasive
     5.3.3. Aluminum Chemicals
     5.3.4. Engineered Ceramics
     5.3.5. Refractories
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Aluminum Oxide Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Aluminum Oxide Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Aluminum Oxide Demand Share Forecast, 2019-2026
7. North America Aluminum Oxide Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Aluminum Oxide Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Aluminum Oxide Market Size and Volume Forecast by Applications
     7.4.1. Aluminum Smelting
     7.4.2. Abrasive
     7.4.3. Aluminum Chemicals
     7.4.4. Engineered Ceramics
     7.4.5. Refractories
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Aluminum Oxide Demand Share Forecast, 2019-2026
8. Latin America Aluminum Oxide Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Aluminum Oxide Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Aluminum Oxide Market Size and Volume Forecast by Applications
     8.4.1. Aluminum Smelting
     8.4.2. Abrasive
     8.4.3. Aluminum Chemicals
     8.4.4. Engineered Ceramics
     8.4.5. Refractories
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Aluminum Oxide Demand Share Forecast, 2019-2026
9. Europe Aluminum Oxide Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Aluminum Oxide Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Aluminum Oxide Market Size and Volume Forecast by Applications
     9.4.1. Aluminum Smelting
     9.4.2. Abrasive
     9.4.3. Aluminum Chemicals
     9.4.4. Engineered Ceramics
     9.4.5. Refractories
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Aluminum Oxide Demand Share Forecast, 2019-2026
10. Asia Pacific Aluminum Oxide Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Aluminum Oxide Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Aluminum Oxide Market Size and Volume Forecast by Applications
     10.4.1. Aluminum Smelting
     10.4.2. Abrasive
     10.4.3. Aluminum Chemicals
     10.4.4. Engineered Ceramics
     10.4.5. Refractories
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Aluminum Oxide Demand Share Forecast, 2019-2026
11. Middle East & Africa Aluminum Oxide Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Aluminum Oxide Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Aluminum Oxide Market Size and Volume Forecast by Applications
     11.4.1. Aluminum Smelting
     11.4.2. Abrasive
     11.4.3. Aluminum Chemicals
     11.4.4. Engineered Ceramics
     11.4.5. Refractories
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Aluminum Oxide Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Aluminum Oxide Market: Market Share Analysis
  12.2. Aluminum Oxide Distributors and Customers
  12.3. Aluminum Oxide Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Alcoa Corporation
     12.4.2. Aluminum Corporation of China Limited (CHALCO)
     12.4.3. Xinfa Group Co. Ltd
     12.4.4. China Hongqiao Group Limited
     12.4.5. Sasol