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.