Alumina Market is expected to reach USD 73.02 Billion by 2027| Rio Tinto PLC, Almatis BV, United Company RUSAL PLC, Hindalco Industries Ltd., Alumina LTd., etc.

The global alumina market is expected to reach USD 73.02 Billion by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the growing applications of alumina among end-use applications.

Alumina finds extensive application in the production of metal aluminum, which finds application in a huge variety of commercial sectors. It is commonly used in both cast forms and wrought. The lightweight of aluminum makes it a suitable choice for use in the automotive and aerospace industry. It is also resistant to corrosion, which leads to its use in food and chemical handling and architectural purposes. Aluminum is an excellent electrical conductor and thus is used frequently in electrical transmission lines.

This is the latest report, covering the current COVID-19 scenario. The Coronavirus pandemic has greatly affected every industry worldwide. It has brought along various changes in market conditions. The rapidly changing market scenario and the initial and future assessment of the impact are covered in the research report. The report discusses all the major aspects of the market with expert opinions on the current status along with a historical analysis.

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Key participants include Alcoa Corporation, Rio Tinto PLC, Almatis BV, United Company RUSAL PLC, Hindalco Industries Ltd., Alumina LTd., CVG Bauxilum CA, Norsk Hydro ASA, National Alminium Company Ltd., and Aluminum Corporation of China Ltd. among others.

For the purpose of this report, Reports and Data have segmented the global alumina market on the basis of product type, distribution channel, application, and region:

Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
Product Type Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• Metallurgical-Grade
• Tabular
• Calcined
• Reactive
• Fused
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• Offline
• Online
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• Refractories
• Metallurgy
• Ceramics
• Abrasives
• Others

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Further key findings from the report suggest

• By application, ceramics held a substantial market share in 2018 and is projected to grow at a rate of 1.5% in the period 2019-2027. Ceramics made from alumina are utilized in resistor cores in the electronics industry, heavy-duty forming tools, tiles for wear protection, seal and regulator discs for water taps, and thread guides in textile engineering, among others.

• By product type, metallurgical-grade alumina contributed to the larger market share in 2018. It is used in the production of aluminum metal, which finds widespread application in several industries, such as automotive, aerospace, and construction, among others.

• The market in the Asia Pacific region dominated the market in 2018 and is expected to grow at a rate of 3.0% in the forecast period. The market dominance of the APAC region is owing to the growth of the end-user industries, as well as the presence of leading market players.

Find the extensive Report Description, TOC and Table of Figure @ https://www.reportsanddata.com/report-detail/alumina-market

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1. The study gives an in-depth evaluation of the evolving competitive scenario that gives the reader/client a competitive edge.

2. It offers a holistic view of all critical aspects boosting or limiting the growth of the sector

3. The market intelligence report derives an eight-year forecast, including historical, contemporary, and potential market prospects, projecting the estimated progress of the market.

4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments.

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