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2021
Aluminum Oxide Market

Aluminum Oxide Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aluminum Oxide Market Analysis 2020-2027:

The global aluminum oxide market witness significant growth, and is expected to grow considerably over the next few years. Aluminum oxide is a compound found in several forms such as pellets, powder, sputtering targets, pieces, tablets, and nanoparticles. It acts as an electric insulator, and is used as a protective layer in applications such as industrial manufacturing processes and healthcare. In addition, it is used in chromatography and ceramic material due to its high thermal conductivity. It is utilized as a protective layer in various devices to prevent them from weathering.

The global aluminum oxide market is segmented into form, end-use industry, and region. Depending on form, the market is categorized into nanoparticles, powder, pellets, tablets, and sputtering targets. In terms of end-use industry, the market is segregated into pharmaceutical, chemical, industrial, automotive, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

The key players operating in the global aluminum oxide industry include Vega (Canada), Russel Chemicals India Company (India), Almatis (Germany), Tirupati Industries (India), Sasol (South Africa), Morgan Advanced Materials Plc. (UK), and Cabot Corporation (U.S.). These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to maintain their foothold in the global market. 

Top impacting factors

Increase in application of aluminum oxide in the industrial manufacturing processes and production of dental cement is anticipated to drive the growth of the global aluminum oxide market. In addition, surge in adoption of aluminum oxide in the production of engineered ceramics, owing to its high thermal conductivity, is expected to boost the market growth. However, risks involved with mining of bauxite ore is expected to hamper the growth of the market during the forecast period. On the contrary, increase in demand for medical transplants due to its biomaterial property is anticipated to provide lucrative growth opportunities to players in the aluminum oxide market. For instance, aluminum oxide is used for the transplants, making dental cements, and in hemodialysis in the medical sector.

Increase in application of aluminum oxide in industrial manufacturing processes

In industrial manufacturing, aluminum oxides are widely used for the production of piping components such as tees, elbows, hydro cyclones, straight pipes, nozzles, and valves. In addition, it is used in the manufacturing of many cutting tools, machining tools, wear-resistant pump impellers, thermocouple sheaths, and baffle plates. Furthermore, aluminum oxide is used in the manufacturing of electrical insulators and high-temperature furnace insulations, owing to its physical properties such as high boiling & melting points and exceptional thermal-resistive property. Thus, all these factors are collectively anticipated to
increase the demand for aluminum oxide in industrial manufacturing processes.

In May 2019, Washington Mills, a manufacturer of abrasive grains and industrial fused minerals, launched DURALUM HFST II and DURALUM HFST, aluminum oxide roadway aggregate materials, which are used in the roadways and bridges for high friction surface treatments. In July 2018, Almatis set up a new manufacturing line in India to produce high-quality tabular alumina to meet the growing demand for steel and refractories.

Surge in adoption of alumina oxide in pharmaceutical industry and manufacturing of engineered ceramics

Owing to oxide’s hardness and bio-inertness, it is widely used in dental implants, bionic implants, dental crowns, bridges, abutments, tissue reinforcements, prosthetic eye substitutes, and as prostheses & bearings in hip replacements. Moreover, aluminum oxide is used in tools and lab equipment such as furnaces, crucibles, and other lab equipment. Owing to these reasons, the demand for aluminum oxide is

anticipated to increase in the medical industry. 

Aluminum oxide is used in the manufacturing of engineered ceramics. These engineered ceramic materials are manufactured for use in applications that require thermal chemical stability, increased wear resistance, and various other characteristics that alumina oxide possesses. Engineered ceramics find applications in medical, chemical, electrical, industrial sectors. This factor is expected to increase the demand for aluminum oxide in the manufacturing of engineered ceramics, and eventually is expected to drive the growth of the global market.

Key benefits of the report

  • The report offers the analysis of the global aluminum oxide industry along with current market trends and future estimations to foresee imminent threats and take necessary actions accordingly. 
  • The study offers an in-depth analysis of major drivers, opportunities, and restraints along with a comprehensive analysis of the global aluminum oxide market share. 
  • The study is analyzed from 2020 to 2027 to underline the global aluminum oxide market growth possibilities.
  • The report includes Porter’s five forces analysis that offers insights about buyers & suppliers in the market. 
  • The analysis includes a study of the major market players.

Scope of the report

Report Metric

Details

Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Form, Application, and Region

  Region covered

North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, UK, and the Rest of Europe), Asia-Pacific (China, India, Indonesia, Thailand, Australia, and Rest of Asia-Pacific), and LAMEA (Brazil, Turkey, Iran, and Rest of LAMEA)

  Companies covered

Vega (Canada), Russel Chemicals India Company (India), Almatis (Germany), Tirupati Industries (India), Sasol (South Africa), Morgan Advanced Materials Plc. (UK), and Cabot Corporation (U.S.)

 

Key segments covered

Segment

Subsegment

  Form

  • Nanoparticles
  • Powder
  • Pellets
  • Tablets
  • Sputtering Targets

  End-use Industry

  • Pharmaceutical
  • Chemical
  • Industrial
  • Automotive
  • Others

 

Questions answered in the global aluminum oxide market research report:

  • Which are the leading market players active in the global aluminum oxide market?
  • What are the recent trends that will influence the market growth in the coming years?
  • What are the prime driving factors, restraints, and opportunities of the market?
  • What are the estimations that would help in taking further strategic steps?
 
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