Market Players:
Market Research Future (MRFR) recognizes the following companies as the key players in the global aluminum oxide market: Almatis B.V. (The Netherlands), Sasol Limited (South Africa), Tirupati Industries (India) Ltd. (India), Washington Mills (US), Morgan Advanced Materials (UK), Illinois Valley Minerals (US), Choice Organochem Llp (India), American Materials (US), Cabot Corporation (US), and RUSAL (Russia)
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Market Highlights:
Global Aluminum Oxide Market is estimated to be valued at USD 70,511.7 Million by 2030 and record a CAGR of over 6.0% during the forecast period. Aluminum oxide is available in different purity grades—high-purity and low-purity aluminum oxide. High-purity aluminum oxide, which is often labeled as high-purity alumina, is a white, granular chemical manufactured commercially either by using aluminous feedstock or by treating aluminum with specific chemicals.
Some of the processes used to produce high-purity alumina include thermal decomposition, alkoxide, modified Bayer, and choline hydrolysis. The demand for high-purity alumina is mainly driven by its increasing application in lithium-ion batteries, plasma display screen, LED lighting, photovoltaic cells, semiconductors, electric cars, optical lenses, smartphone sapphire glasses, sodium lamps, and others.
For instance, the 4N, 5N, and 6N grades of high-purity alumina are significantly used in lithium-ion batteries. High-purity alumina-coated lithium-ion batteries are efficient and safer as compared to traditional batteries due to their high resistance towards high-temperature incursions. Furthermore, lithium-ion batteries coated with high-purity alumina possess high battery discharge rate, long life cycle, and low self-discharge rate.
These advantages of high-purity alumina make it a favorable material of choice for battery separator coatings. The rising demand for lithium-ion batteries is due to its numerous short duration applications, including renewable integration and peak load management. Thus, the increasing demand in the application of high-purity alumina in the electrical and electronics industry is expected to boost the demand for aluminum oxide market in the forecast period.
Aluminum Oxide Market Segments:
According to MRFR analysis, the global aluminum oxide market has been segmented based on structural form, end use, purity, and region.
By structural form, the global aluminum oxide market has been categorized into nanoparticles, powder, pellets, tablets, sputtering targets. Among these, the powder segment accounted for the largest share of over 35% by value in 2018, predominantly due to the large-scale adoption in water treatment and purification processes. The powder segment is expected to register a CAGR of over 5.0% during the forecast period.
On the basis of end use, the global aluminum oxide market has been classified into medical, pharmaceuticals, industrial manufacturing, electronics, and others. The electronics segment accounted for the largest share by value in 2018 due to the high demand for aluminum oxide in the manufacturing electronic devices, appliances, and equipment.The increasing application of aluminum oxide in lithium ion batteries, semiconductors, plasma display screen, LED lighting, phosphor, photovoltaic cells, and optical lenses is expected to boost the growth of the segment during the forecast period.
By purity, the global aluminum oxide market has been categorized into 2N (99%) , 3N (99.9%), 4N (99.99%), 5N (99.999%), 6N (99.9999%). Among these, the 4N (99.99%) segment accounted for the largest share of over 45% by value in 2018 predominantly due to the growing medical industry across the globe coupled with the growing aging population, increasing awareness pertaining to health, and high budget allocations for the medical and pharmaceutical sectors. The 4N(99.99%) segment is expected to register a CAGR of over 6.0% during the forecast period.
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Regions:
Geographically, the global foundry coke market has been segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia-Pacific was the dominant regional market, accounting for the largest share of over 50% in 2018 and is expected to register a CAGR of 7.21% during the forecast period.
Asia-Pacific is followed by North America, which accounted for the second-largest share of the global foundry coke market in 2018. The North American market is expected to exhibit a share of over 20% in 2018. The Latin America and the Middle East & Africa markets are also likely to witness moderate growth during the forecast period, 2019–2030.
Key Findings of the Study
- The Global Aluminum Oxide Market was valued at USD 32461.2 million in 2018 and is expected to register a CAGR of 6.68% to reach around USD 70,511.7 million by the end of 2030.
- Based on structural form, the powder segment held the largest share of 39% by value in 2018 and is expected to register a CAGR of over 5.0% during the forecast period.
- By end use, the electronics segment is estimated to be the largest segment of the global aluminum oxide market, which accounted for 5% value share in 2018.
- Based on purity, the 4N (99.99%) segment held the largest share of 9% by value in 2018 and is expected to register a CAGR of over 6.0% during the forecast period.
- The Asia Pacific market accounted for the largest share of 3% by value in 2018.
Table Of Contents
FIGURE 1 MARKET SYNOPSIS
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL ALUMINUM OXIDE MARKET
FIGURE 3 GLOBAL ALUMINUM OXIDE MARKET ANALYSIS, BY STRUCTURAL FORM
FIGURE 4 GLOBAL ALUMINUM OXIDE MARKET ANALYSIS, BY PURITY
FIGURE 5 GLOBAL ALUMINUM OXIDE MARKET ANALYSIS, BY END-USE
FIGURE 6 GLOBAL ALUMINUM OXIDE MARKET: MARKET STRUCTURE
FIGURE 7 NORTH AMERICA ALUMINUM OXIDE MARKET, BY COUNTRY, (2018 VS 2030)
FIGURE 8 EUROPE ALUMINUM OXIDE MARKET SHARE, BY COUNTRY, (2018 VS 2030)
FIGURE 9 ASIA-PACIFIC ALUMINUM OXIDE MARKET SHARE, BY COUNTRY, (2018 VS 2030)
FIGURE 10 LATIN AMERICA ALUMINUM OXIDE MARKET SHARE, BY COUNTRY, (2018 VS 2030)
FIGURE 11 THE MIDDLE EAST & AFRICA ALUMINUM OXIDE MARKET SHARE, BY COUNTRY, (2018 VS 2030)
FIGURE 12 RESEARCH PROCESS OF MRFR
FIGURE 13 TOP-DOWN & BOTTOM-UP APPROACH
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