About Spherical Aluminum Oxide Powder
Rising demand from end-use sectors like the automobile, aerospace, and medical industries. The market is expanding as a result of the increasing use of alumina powder in a variety of products, including abrasives, refractories, catalysts, and pigments. With high purity aluminium ingots, aluminium powder is produced via an atomized technique. In damp air, it easily oxidises due to its silver grey appearance and spherical shape. Owing to its high melting point and excellent thermal stability acceptable wear resistance the electrical and electronic industry makes extensive use of products with great mechanical strength, superior electrical insulation, outstanding corrosion resistance, and other properties.
|Unit||Value (USD Million)|
The market for the Spherical Aluminium Oxide Powder is highly competitive and dominated by few key player. The market has a vendor landscape that is extremely competitive. A number of businesses are also taking part in significant mergers and acquisitions as part of crucial plans to increase their market share globally. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Spherical Aluminum Oxide Powder market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alcoa (United States), Absco (United Kingdom), Kymera International (United States), Atlantic Equipment Engineering (United States), Toyal Group (China), Xinfa Group (China), Henan Yuanyang (China), All India Metal Corporation (India), N.T. Ruddock Co. (United States), Panadyne (United States), Precision Finishing, Inc. (United States), Hunan Goldsky (China), Aremco Products, Inc. (United States), TQ Abrasive Machining (United States) and Hunan Ningxiang Jiweixin (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Luxi Jinyuan (China), Hunan Goldhorse (China), Angang Group (China), Metal Powder Company (India) and Arasan Aluminium Industries (India).
AMA Research has segmented the market of Global Spherical Aluminum Oxide Powder market by Type (1-30 μm, 30-80 μm, 80-100 μm and Others) and Region.
On the basis of geography, the market of Spherical Aluminum Oxide Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User , the sub-segment i.e. Industrial will boost the Spherical Aluminum Oxide Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Colour , the sub-segment i.e. White will boost the Spherical Aluminum Oxide Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Rising awareness and advantages of Spherical Aluminium Oxide Powder
Market Growth Drivers:
Rising demand from the end user industries such as electrical and electronics, automotive, and aerospace among others drives the market growth and Growing adoption of alumina powder in various applications such as abrasives, refractories, catalysts, and pigments boost the market growth
Fluctuation in raw material prices stymies the market growth
Hazardous decomposition produced by the product hampers the market growth and High capital investment associated with the Spherical Aluminium Oxide Powder restrict the market growth
Increasing investment in the research and development activities creates lucrative growth opportunities for the market and Expansion of production capacities by key manufacturers to cater to the growing demand for alumina powder globally
Market Leaders and their expansionary development strategies
On May 2022, Shadowbriar United States based company and provider of aluminium products announced the acquisition of Benada Aluminium Products. The acquisition is aim to strengthen the global brand presence and On May 2020, Hindalco acquired the Aleris and become the world’s largest value-added aluminium downstream player in the world with a global footprint spanning 49 state-of-the-art manufacturing facilities in North America, Europe and Asia
On September 2021, Alcoa Corporation the Australia based company planned to enter the growing high purity alumina product to address the growing demand for the sustainable products through a joint development project. Alcoa Corporation will hold 65% ownership in the project and On June 2020, Constellium SE a France based company expand its product portfolio with the launch of Aheadd it offer for high performance aluminium powders that exceed industry standards for additive manufacturing productivity and component properties
Key Target AudienceNew Entrants and Investors, Automotive Industry, Electrical and Electronics Industry, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.