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Aluminum Oxide Market potential growth, share, demand and analysis of key players - research forecasts to 2028 | Sasol Limited, Nivaka Pharmaceuticals Industries, MTC Wesgo, Snam Abrasives Pvt. Ltd., Tirupati Industries, Khambhalay Abrasive, Chemicals Ind

08-19-2020 03:52 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INISGHTS

Aluminum Oxide Market

Aluminum Oxide Market

The Global Aluminum Oxide Market is anticipated to reach USD 57.97 billion by 2028, growing with a CAGR of 4.1% over the forecast period. The growing demand from the industrial manufacturing and pharmaceutical sector and development in the manufacturing of porous ceramics are anticipated to drive this market over the forecast period. In addition, aluminum oxide, usually known as alumina, is a chemical compound with the formula Al2O3. Aluminum oxide is soluble in water as well as slightly soluble in acids and alkali. Some of the major application of aluminum oxide comprises glass, filler, composite fiber, catalysis, abrasive, paint, purification, and abrasion protection. It is also utilized as a component in cutting tool. Furthermore, aluminum oxide is highly used as a phosphate remover. It is a chemical compound of aluminum and oxygen and a commonly occurring oxide.

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In addition, the common available types of aluminum oxides are pellets, tablets, powder, sputtering targets, and nanoparticles. Out of these, nanoparticles have gained wide adoption than bulk materials. This is accredited to its improved properties, such as ductility, high electrical conductivity, and hardness of its alloys. Likewise, other major applications in the medical sector contains hemodialysis and in making dental cements. Increasing growth of the pharmaceutical industry, along with rising demand from other key applications, is projected to boost the growth of this industry over the forecast period.
The global aluminum oxide market is expected to witness substantial growth over the forecast period, owing to the rising demand from ceramic industries for producing porous ceramics. On the other hand, the exposure to aluminum oxide causes many health problems. This factor may limit the growth of the global aluminum oxide market in the coming years. Plastics filters, paints, reflective decorative, and eliminating water from gas streams are some major applications of aluminum oxide, which are adopted across the globe. In addition to this, aluminum oxide is also utilized to form spark plug insulators, tools for hip substitutes, and as a chromatography medium across sodium vapor lamp.
Large applications of aluminum oxide as nanomaterial are anticipated to substantially accentuate the market in the coming years. But health concerns associated with its exposure can hamper the industry over the forecast period. However, constant developments are being made to discover promising applications in the biotechnology and medical industries as implantable biomaterials. This is projected to open up high growth prospects for market providers in major economies. In addition to this, development in manufacturing technologies has led to innovative applications in the ceramic industry, which will be generating lucrative growth avenues over the forecast period.

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Global Aluminium Oxide Market, By Type
The nanoparticles segment in the global aluminum oxide market has gained its demand owing to its outstanding applications. This is attributed to its improved properties such as ductility and hardness of its alloys.
Global Aluminium Oxide Market, By End Use Industry
Owing to its unique chemical and physical properties, the aluminum oxide is witnessing huge demand in a large number of industrial and manufacturing applications, thereby driving the market. The growing demand for aluminum oxide across the ceramic sector as a porous ceramics materials to improve their thermal conductivity is likely to catalyze the market in the coming years. The growing demand for aluminum oxide in the medical sector as transplants is expected to fuel the market throughout the predicted timeframe. The marked biomaterial acceptance of aluminum oxide has driven its demand for implants in several surgeries.

Key Market Developments
o In 2014, INEOS Enterprises completed the attainment of Sasol Solvents Germany GmbH assets and the related business at Sasol’s sites in Herne.
o In 2015, Oyak took major position in the global alumina industry by purchasing Dutch company Almatis. Oyak declared that it signed a share transfer contract with Almatis as well as the products of the company, which are used in the steel and iron, ceramic, cement, automotive, and electronic industries.

Some Key Findings of the Global Aluminum Oxide Market Report Include:

 Holistic in-depth analysis about the parent market.
 Region-wise and country-wise analysis of the aluminum oxide market to get the share, and growth details in these areas.
 Year-on-year development of the global aluminum oxide market in terms of value and volume.
 Past and future progress of the global aluminum oxide market.
 Comprehensive information regarding the current R&D activities performed by each aluminum oxide market service provider.
 Several major factors which are impacting the consumption pattern of customers across a number of countries and regions.
 Strategic Frameworks of the aluminium oxide market to boost the growth journey
 Major players operating in the global aluminum oxide market are Vega, GRACE, Almatis, Tirupati Industries, Khambhalay Abrasive, Russel, Chemicals India Company, SASOL, MTC Wesgo, GIFA, and Nivaka Pharmaceuticals Industries.

Market Segmentation:

By Form:

• Nanoparticles
• Powder
• Pellets
• Tablets
• Sputtering Targets

By End User:

• Medical
• Pharmaceutical
• Industrial Manufacturing
• Electronics
• Others

By Region:

• North America
• Western Europe
• Eastern Europe
• Asia Pacific
• Middle East
• Rest of the World

Reasons To Buy This Report:

o Market size estimation of the global aluminum oxide market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

o By Segment
o By Sub-segment
o By Region/Country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: US +1 208 405 2835 UK +44 144 439 0986 APAC +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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