Press release
Steady Growth Forecasted for Specialty Alumina Market: Drivers, Key Players and Trends
Specialty Alumina Market Trends
The specialty alumina market has exhibited steady growth, largely influenced by demand in various industries such as refractories, electronics, and semiconductors.
• The market size was $2.83 billion in 2024 and is expected to rise to $2.92 billion in 2025, marking a compound annual growth rate (CAGR) of 3.2%.
• The specialty alumina market is projected to grow to $3.5 billion in 2029 at a CAGR of 4.6%, driven by increased demand in sectors such as electric vehicles (EVs), advanced ceramics, renewable energy and biomedical applications.
What Is Driving The Growth In The Specialty Alumina Market?
The specialty alumina market is expected to be boosted by the growing aerospace and defense industry. Specialty alumina is used in the production of various components in this sector owing to its high strength, lightweight properties, and excellent thermal resistance. Recent data from the Airspace Industries Association (AIA) highlighted an increase of 6.7 percent in combined sales in 2022, totaling $952 billion, as exports rose by 4.4 percent to a total of $104.8 billion. This upward trend in the aerospace and defense industry is anticipated to drive the specialty alumina market.
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Who Are the Key Players Driving Specialty Alumina Market Growth?
The specialty alumina market is driven by various significant companies, including:
• 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 Aluminum
• Nippon Light Metal Holdings Company Ltd.
• JM Huber Corporation
• National Aluminum Company Limited
• BASF SE
• Almatis GmbH
What Are The Key Trends In The Specialty Alumina Market?
Major trends in the specialty alumina market include:
• Focus on value-added products
• Product innovations such as HYCal by Carborundum Universal Limited
• Stringent quality standards
• Increased research and development investments
What Are The Segments Of The Global Specialty Alumina Market?
The global specialty alumina market report covers these segments:
1) By Type: Standard Calcined Alumina, Tabular Alumina, White Fused Alumina, Medium Soda Calcined Alumina, Low Soda Alumina, Other Types
2) By Application: Refractory Materials, Ceramics, Abrasives And Polishing, Catalyst, Other Applications
3) By End-User Industry: Automotive, Aerospace, Chemicals, Industrial
Which Region Leads The Specialty Alumina Market?
Asia-Pacific was the largest region in the specialty alumina market in 2024, as per the regional coverage in the specialty alumina market report which also includes Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Specialty Alumina Market Global Market Report?
- Market Size Analysis: Analyze the Specialty Alumina Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Specialty Alumina Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Specialty Alumina Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Specialty Alumina Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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