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Specialty Alumina Market 2023-2032: Regional Segmentation, Competitor Assessment, Industry Share And Major Players | Rio Tinto Group, Aluminum Corporation of China Limited, Hindalco Industries Limited, Norsk Hydro, Sumitomo Chemical Co Ltd.
Specialty Alumina Market
The Business Research Company's Specialty Alumina Global Market Report 2023 identifies growing aerospace and defense industry as the major driver for the Specialty Alumina Market's growth in the forecast period. The aerospace and defense industry refers to a sector that encompasses the development, production, and maintenance of aerospace systems, including aircraft, spacecraft, missiles, rockets, and related components, as well as defense systems and equipment. Specialty alumina is used in producing various aerospace and defense components due to its high strength, lightweight properties, and excellent thermal resistance. It can be utilized to manufacture turbine blades, engine components, bearings, seals, and structural parts.
The global specialty alumina market size is expected to grow from $2.66 billion in 2022 to $2.76 billion in 2023 at a compound annual growth rate (CAGR) of 4.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of specialty alumina market is expected to reach $3.17 billion in 2027 at a CAGR of 3.5%.
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Major competitors in the specialty alumina market are Rio Tinto Group, Aluminum Corporation of China Limited, Hindalco Industries Limited, Norsk Hydro, Sumitomo Chemical Co Ltd., Hongqiao, Rusal, Alcoa Corporation, Showa Denko, South 32, Emirates Global Aluminium, Nippon Light Metal Holdings Company Ltd., JM Huber Corporation, National Aluminium Company Limited, BASF SE, Almatis GmbH, ALTEO, Nabaltec AG, PT Indonesia Chemical Alumina, AluChem, Silkem doo, MOTIM Electrocorundum Ltd., Xinfa Group, Gujarat Credo Alumina Chemicals Pvt. Ltd., and Hangzhou Jinjiang Group.
A key trend in the Specialty Alumina Market includes product innovation. Rio Tinto Group, Aluminum Corporation of China Limited, Hindalco Industries Limited, Norsk Hydro, Sumitomo Chemical Co Ltd., Hongqiao, Rusal, Alcoa Corporation, Showa Denko, South 32, Emirates Global Aluminium, Nippon Light Metal Holdings Company Ltd., JM Huber Corporation, National Aluminium Company Limited, BASF SE, Almatis GmbH, ALTEO, Nabaltec AG, PT Indonesia Chemical Alumina, AluChem, Silkem doo, MOTIM Electrocorundum Ltd., Xinfa Group, Gujarat Credo Alumina Chemicals Pvt. Ltd., and Hangzhou Jinjiang Group.
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The Specialty Alumina Market is segmented -
By Type: Standard Calcined Alumina, Tabular Alumina, White Fused Alumina, Medium Soda Calcined Alumina, Low Soda Alumina, Other Types
By Application: Refractory Materials, Ceramics, Abrasives And Polishing, Catalyst, Other Applications
By End-User Industry: Automotive, Aerospace, Chemicals, Industrial
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Specialty Alumina Market.
The Business Research Company's "Global Specialty Alumina Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Specialty Alumina Market Include:
1. Executive Summary
2. Specialty Alumina Market Characteristics
3. Specialty Alumina Market Trends And Strategies
4. Specialty Alumina Market - Macro Economic Scenario
6. Specialty Alumina Market Segmentation
……
32. Global Specialty Alumina Market Competitive Benchmarking
33. Global Specialty Alumina Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Specialty Alumina Market
35. Specialty Alumina Market Future Outlook and Potential Analysis
36. Appendix
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