Global demand for Aluminum Oxide Market was valued at approximately USD 23.6 billion in 2019, and is expected to generate revenue of around USD 33.6 billion by end of 2026, growing at a CAGR of around 4.5 % between 2020 and 2026.
The global Aluminum Oxide market is slated record the CAGR of nearly 4.5% over the period from 2020 to 2026. The report offers assessment and analysis of the Aluminum Oxide market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Introduction
Aluminum oxide, which is commonly refereed as alumina, is used lucratively in myriad industrial manufacturing applications and myriad engineering methods. It is utilized for imparting durability and hardness to the materials. In addition to this, aluminum oxide crystals are utilized in myriad kinds of sandpaper and is also used as a cost-effective alternative to industrial diamond. Its large-scale resistance to base or acid at high temperature makes it fit for myriad production activities. Some of the most product forms available today are powder, sputtering targets, pellets, nanoparticles, and tablets.
Market Growth Dynamics
Rise in the use of the chemical compound in electronics & ceramic sectors will steer the growth of the market over the forthcoming years. Furthermore, beneficial product features like high heat conductivity and ductility has enhanced its utilization in thermal test instruments. Furthermore, massive application of aluminum oxide in pharmaceutical sector and its large-scale sage in Abrasive transplantation will provide lucrative growth avenues for the market over the forthcoming years.
Furthermore, enhanced product features like alloy hardness, high electrical conductivity, and ductility will prompt the product penetration across myriad sectors. However, adverse side-effects like eye inflammation and infection of respiratory tract caused due to short-term contact with aluminum oxide will reduce the use of aluminum oxide in the near future.
Asia Pacific To Contribute Towards Major Market Revenue Share By 2026
Massive product demand in the thriving pharma sectors like China and India will upsurge the growth of aluminum market in Asia Pacific over the forecasting years. Apart from this, presence of reputed firms manufacturing the chemical compound in the region will prompt the regional market growth over the estimated timespan.
Key players influencing the market growth are Khambhalay Abrasive, Almatis, Nivaka Pharmaceuticals Industries, Sasol Limited, Tirupati Industries, Snam Abrasives Pvt. Ltd., MTC Wesgo, and Chemicals India Company.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
The global aluminum oxide market is segmented as follows:
By Structural Form Type
By Application
By Region
List of Figures
1. Market research process
2. Market research methodology
3. Global Aluminum Oxide Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Aluminum Oxide Market attractiveness, By Structural Form Type
6. Global Aluminum Oxide Market attractiveness, By Application
7. Global Aluminum Oxide Market share by Structural Form Type ,2019 and 2026 (USD Billion)
8. Global Aluminum Oxide Market by Powder ,2016–2026(USD Billion)
9. Global Aluminum Oxide Market by Nanoparticles,2016–2026(USD Billion)
10. Global Aluminum Oxide Market by Tablets,2016–2026(USD Billion)
11. Global Aluminum Oxide Market by Sputtering Targets,2016–2026(USD Billion)
12. Global Aluminum Oxide Market by Pellets,2016–2026(USD Billion)
13. Global Aluminum Oxide Market share by Application ,2019 and 2026 (USD Billion)
14. Global Aluminum Oxide Market by Aluminum Smelting,2016–2026(USD Billion)
15. Global Aluminum Oxide Market by Abrasive,2016–2026(USD Billion)
16. Global Aluminum Oxide Market by Engineered Ceramics,2016–2026(USD Billion)
17. Global Aluminum Oxide Market by Aluminum Chemicals,2016–2026(USD Billion)
18. Global Aluminum Oxide Market by Refractories,2016–2026(USD Billion)
19. Global Aluminum Oxide Market share, by Region, 2019 and 2026
20. North America Aluminum Oxide Market, 2016–2026(USD Billion)
21. Europe Aluminum Oxide Market, 2016–2026(USD Billion)
22. Asia Pacific Aluminum Oxide Market, 2016–2026(USD Billion)
23. Latin America Aluminum Oxide Market, 2016–2026(USD Billion)
24. The Middle East and Africa Aluminum Oxide Market, 2016–2026(USD Billion)
List of Tables
1. Global Aluminum Oxide Market: snapshot
2. Drivers of the Aluminum Oxide Market: impact analysis
3. North America Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
4. North America Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
5. The U.S. Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
6. The U.S. Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
7. Rest of North America Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
8. Rest of North America Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
9. Europe Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
10. Europe Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
11. UK Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
12. UK Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
13. France Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
14. France Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
15. Germany Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
16. Germany Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
17. Rest of Europe Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
18. Rest of Europe Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
19. Asia Pacific Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
20. Asia Pacific Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
21. China Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
22. China Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
23. Japan Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
24. Japan Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
25. India Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
26. India Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
27. Rest of Asia Pacific Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
28. Rest of Asia Pacific Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
29. Latin America Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
30. Latin America Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
31. Brazil Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
32. Brazil Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
33. Rest of Latin America Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
34. Rest of Latin America Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
35. The Middle East and Africa Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
36. The Middle East and Africa Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
37. Saudi Arabia Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
38. Saudi Arabia Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
39. South Africa Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
40. South Africa Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
41. Rest of the Middle East & Africa Aluminum Oxide Market revenue, By Application, 2016–2026(USD Billion)
42. Rest of the Middle East & Africa Aluminum Oxide Market revenue, By Structural Form Type , 2016–2026(USD Billion)
Rise in the use of the chemical compound in electronics & ceramic sectors will steer the growth of the market over the forthcoming years.
The CAGR of the industry is expected to be nearly 4.5% during the forecast timeline.
Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.
The key market players include Snam Abrasives Pvt. Ltd., Almatis, Nivaka Pharmaceuticals Industries, Tirupati Industries, Khambhalay Abrasive, Sasol Limited, MTC Wesgo, and Chemicals India Company.
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