Press release
Aluminum Oxide Market Will See Strong Expansion Through 2020 – TMR
Aluminum oxide (Al2O3), more commonly known as alumina, is extensive used in a variety of industrial manufacturing applications and various engineering processes. When occurring as crystalline form, aluminum oxide most closely resembles properties of natural corundum, with the characteristic property of remarkable hardness. Being extremely hard, aluminum find wide applications as abrasive materials and its marked resistance to any acid or base at high temperature makes it suitable for manufacturing refractories. Driven by large number of emerging applications of aluminum oxide in the ceramic and electronics industry, the market is evolving. Its high thermal conductivity and ductility makes it popular to be used for instrumentation of thermal test machines. The market is also witnessing emerging wide demand in pharmaceutical industry and in medical transplants due to excellent biomaterial property.
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Common available forms of aluminum oxide are powder, pellets, tablets, sputtering targets, and nanoparticles; of these, nanoparticles have gained wide adoption compared to bulk materials. This is attributed to its enhanced properties such as high electrical conductivity, ductility, and hardness of its alloys. Other popular applications in the medical sector include in making dental cements and in hemodialysis.
The report offers in-depth insights into the current dynamics, analyzes regulatory framework, and elaborates on emerging applications, key product innovations, recent research and development activities, and competitive landscape. The comprehensive market overview helps stakeholders to identify lucrative growth avenues and zero in on imminent investment pockets in various regions.
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Global Aluminum Oxide Market: Trends and Opportunities
The global aluminum oxide market is primarily driven by myriad applications in various industries such as ceramic, pharmaceutical, medical, and electronics. Owing to its unique physical and chemical properties, the aluminum oxide is witnessing extensive demand in a number of industrial manufacturing applications, thereby boosting the market. The spiraling demand for aluminum oxide in the ceramic industry as porous ceramics materials to enhance their thermal conductivity is expected to catalyze the market in the coming years. The emerging demand for aluminum oxide in the medical industry as transplants is projected to fuel the market throughout the forecast period. The marked biomaterial acceptance of aluminum oxide has propelled its demand for implants in various surgeries.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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