Alumina Oxide Market Scope
Aluminum oxide is usually known as alumina. It is widely used in a variety of industrial manufacturing applications as well as numerous engineering processes. In addition, it is widely used in transplants, making dental cement, and in hemodialysis in the medical sector. Increased demand for and consumption of aluminum oxide in the medical sector, rise in aging population, increasing usage of alumina oxides in various applications such as pharmaceuticals industry, ceramic industries, and others are anticipated to further drive market growth.
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global alumina Oxide market can witness an upsurge in the forecast period Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Alumina Oxide market throughout the predicted period.
Chemicals India Company (India), Vega S.p.A (Italy), W. R. Grace & Co. (United States), Almatis, Inc. (United States), Tirupati Industries (India), Sasol Limited (South Africa), WESCO International, Inc. (United States), Khambhalay Abrasive (India), Alcoa Corporation (United States) and Aluminum Corporation of China Limited (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are BASF SE (Germany), Sumitomo Chemical Co., Ltd. (Japan) and United Company RUSAL (Russia).
Segmentation Overview
The study have segmented the market of Global Alumina Oxide market by Type (Powder, Pellets, Pieces, Sputtering targets, Nanoparticles and Tablets), by Application (Pharmaceutical industry, Ceramic industries, Industrial manufacturing processes, Medical and Others) and Region with country level break-up.
On the basis of geography, the market of Alumina 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).
Influencing Trend:
Technology Advancement in Alumina Oxide Products
Market Growth Drivers:
Huge Demand from Pharmaceutical and Industrial Manufacturing Processes, Upsurge in Aluminum Oxide Demand from Ceramic Industry and Increase in Consumers’ Disposable Income
Challenges:
Problem Related to High Prices of Products
Restraints:
Stringent Regulation Regarding Ecotoxic at Environmentally Relevant Concentrations
Opportunities:
Rising demand from Emerging Economics such as China and India
Market Leaders and their Expansionary Development Strategies
In June 2022, Alcoa USD 51 million in project to increase production capacity at its plant in Mosjøen plant in Norway. Currently company produce 200,000 metric tons annually. This investment helped company to expand its presence in Alumina Oxide market
In December 2017, the Albemarle Corporation (United States) Company has expanded FCC product portfolio by launching new Granite technology. Hence, this launched will help in strengthening the position of the company in the United States.
Key Target Audience
Manufacturers of Alumina Oxide, Suppliers of Alumina Oxide, Wholesalers, Distributors, and Retailers of Alumina Oxide, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.