What is Aluminium Oxide Market?
Huge demand from pharmaceutical as well as industrial manufacturing will help to fuel global aluminum oxide market over the forecast period. Aluminum oxide is known as alumina and also called as aloxite, aloxide, or alundum depending on particular forms. It is chemical compound of oxygen and aluminum and a commonly occurring oxide with formula Al2O3. There are various application of aluminum oxide including filler, purification, glass, catalysis, abrasive, paint, composite fiber, and abrasion protection.
Highlights from Aluminium Oxide Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Sasol Limited (South Africa), Chemicals India Company (India), Almatis (Germany), Albemarle Corporation (United States), Washington Mills (United States), WR Grace (United States), Spectrum Chemcial (United States), CoorsTek Ceramics (United States), Alcoa Corporation (United States) and BAIKOWSKI (United States)|
Global aluminum oxide market is highly consolidated in nature. Major Key players are ongoing their research and development activities in order to reduce the health issues affected by the aluminum oxide exposure, which is anticipated to help the key players to upsurge their market presence. The global aluminum oxide market is less competitive in nature. Key Players are concentrating in Asia Pacific region to complete their aluminum oxide demand owing to developing countries and expansion in pharmaceutical industry. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Aluminium Oxide market throughout the forecasted period. Sasol Limited (South Africa), Chemicals India Company (India), Almatis (Germany), Albemarle Corporation (United States), Washington Mills (United States), WR Grace (United States), Spectrum Chemcial (United States), CoorsTek Ceramics (United States), Alcoa Corporation (United States) and BAIKOWSKI (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Snam Abrasives Pvt. Ltd. (India), Khambhalay Abrasive and Snam Abrasives Pvt. Ltd (India) and Tirupati Industries (India).
Aluminium Oxide Market Segmentation:
|Application / End User||Pharmaceutical And Industrial Manufacturing Processes, Fillers, Paints and Others|
On the basis of geography, the market of Aluminium Oxide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Wide Demand in a Number of Industrial Manufacturing Applications and High Demand for Aluminum Oxide in the Medical Industry
Market Growth Drivers:
Huge Demand Due To Applications in Various Industries Such As Ceramic and Electronics and A Large Number of Applications of Aluminum Oxide as Nanomaterials
Excessive Exposure Leads to Serious Health Issues
Rising Concern Health Concern Related To Aluminum Oxide
Huge Demand in Medical and Biotechnology Industries and Advancement in Manufacturing Technology
Key Target Audience
Aluminum Oxide Manufacturers, Aluminum Oxide Distributors and Traders, Chemical Industry Associations, Government Regulatory Bodies, Research and Development Institutes, Financial Organizations and Venture Capitalists, Government and Private Research Organization and Others
Market Leaders & Development Strategies
On 14th February 2018, Sasol Limited, South African energy and chemical firm has expanded of alumina output capacity at a facility in northwest Germany.
In May 2023, Alcoa announced Portland Aluminium joint venture in Victoria, Australia, operated by Alcoa recognized for its environmental, social and governance (ESG) performance by the Aluminium Stewardship Initiative.