Aluminium Oxide Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Aluminum is a soft, silvery-white, non-magnetic and a ductile metal in the boron group. It makes up to eight percent of the earth's crust and is the third most abundant element after oxygen and silicon. Aluminium oxide is a chemical compound comprising aluminium and oxygen. Aluminium oxide is the most commonly occurring among several oxides and is identifies as aluminium III oxide. It occurs naturally in a crystalline polymorphic phase as mineral corundum. Varieties of corundum lead to the formation of precious gemstones, ruby, and sapphire. Aluminium oxide is used to produce aluminium metal because of its hardness. It is also used as a refractory material due to its high melting point.

MARKET DYNAMICS

The extensive application for aluminium oxide in industrial manufacturing due to its unique physical and chemical properties drives the growth of the aluminium oxide market. Along with this, the demand for aluminium oxide as porous ceramic material in the ceramic industry to enhance thermal conductivity is also a factor fuelling the growth of the market. However, incrementing health risks associated with the exposure to aluminium oxide restricts the fruitful growth of the aluminium oxide market. An upsurge in the acceptance of aluminium oxide as biomaterials for implants on various surgeries is anticipated to bode well the growth of the aluminium oxide market in the years to come.

MARKET SCOPE

The "Global Aluminium Oxide Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aluminium oxide market with detailed market segmentation by form, application and geography. The global aluminium oxide market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aluminium oxide players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global aluminium oxide market is segmented on the basis of form, application and geography. On the basis of form the market classify into nanoparticles, powder, pellets, tablets, sputtering targets and others. The market on the basis of application is broken into medical & pharmaceutical, ceramic, industrial manufacturing, electronics and others.

 

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The aluminium oxide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the aluminium oxide market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aluminium oxide market in these regions.

MARKET PLAYERS

The reports cover key developments in the aluminium oxide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aluminium oxide market are anticipated to lucrative growth opportunities in the future with the rising demand for aluminium oxide in the global market. Below mentioned is the list of few companies engaged in the aluminium oxide market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aluminium oxide market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Aluminum Corporation of China Limited
•  Baikowski Malakoff Inc.
•  Grace and Co.
•  Khambhalay Abrasive
•  Norsk Hydro ASA
•  Sasol Limited
•  Snam Abrasives Pvt. Ltd.
•  Spectrum Chemicals
•  Tirupati Industries Limited
•  Washington Mills

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Aluminium Oxide Report Scope