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Aluminum Oxide Market Price 2023, Industry Size, Share, Overview, and Report By 2028

02-07-2023 01:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Aluminum Oxide Market

Aluminum Oxide Market

According to the latest report by IMARC Group, titled "Aluminum Oxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global aluminum oxide market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.06 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028. Aluminum oxide, also known as alumina (Al2O3), refers to a white and odorless chemical compound generally present in various forms, including powder, pellets, tablets, pieces, nanoparticles, sputtering targets, etc. It is commonly used as an electric insulator, abrasive, and protective layer in industrial manufacturing processes to protect devices from weathering. Aluminum oxide also finds applications in chromatography and ceramic materials owing to its high thermal conductivity. It is the preferred material in bearings of hip replacements, bionic implants, prosthetic eye substitutes, tissue reinforcements, dental crowns, etc., on account of its bio-inertness and chemical properties. Consequently, aluminum oxide is widely used in lab equipment and tools, such as crucibles and furnaces.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/aluminum-oxide-market/requestsample

Global Aluminum Oxide Market Trends:

The growing threat to flora, fauna, and human life across the globe from environmental pollutants is one of the key factors driving the aluminum oxide market. In line with this, the escalating product demand to eliminate toxic pollutants effectively is further propelling the market growth. Moreover, the expanding investments in the healthcare sector by government bodies across numerous countries are acting as significant growth-inducing factors. Besides this, the rising applications of aluminum oxide in the construction, container packaging, electrical engineering, and smelting process are also positively influencing the global market. Additionally, several key market players are collaborating and forming alliances to focus on commercialization and large-scale production, which is anticipated to bolster the aluminum oxide market over the forecasted period.

Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/aluminum-oxide-market

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

• Alcoa Corporation
• Aluminum Corporation of China Limited
• BASF SE
• Cabot Corporation
• Evonik Industries AG
• Hangzhou Jinjiang Group Co. Ltd.
• Honeywell International Inc.
• J.M. Huber Corporation
• Merck KGaA
• RusAL
• Sasol Limited
• Sumitomo Chemical Co. Ltd.
• W.R. Grace & Co.

Breakup by Form Type:

• Nanoparticles
• Powder
• Pellets
• Tablets
• Sputtering Targets

Breakup by Application:

• Aluminum Smelting
• Abrasive
• Aluminum Chemicals
• Engineered Ceramics
• Refractories

Breakup by End User:

• Medical
• Automotive
• Industrial Manufacturing
• Electronics
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Other Reports of IMARC Group:

https://www.einnews.com/pr_news/602441928/butter-milk-market-in-india-to-grow-inr-364-7-billion-by-2027-cagr-of-22-32
https://www.einnews.com/pr_news/602442866/japan-oral-hygiene-market-growth-industry-demand-share-size-and-analysis-report-2021-2026
https://www.einnews.com/pr_news/602813417/household-insecticides-market-to-reach-us-22-4-billion-by-2027-cagr-of-7-4
https://www.einnews.com/pr_news/603734615/maintenance-repair-and-operations-mro-market-to-reach-us-769-8-billion-by-2028-cagr-of-2-81

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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