Alumina Market (By Product: Metallurgical Grade, Refractory Grade, Grinding Grade, Others; By Grade: Chemical, Smelter, Calcined, Tabular, Reactive, Fused, Aluminum Trihydrate; By Application: Aluminum Production, Non-Aluminum Production, Abrasives, Ceramics, Refractories, Filtration, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032
The global alumina market size was exhibited at USD 41 billion in 2022 and is anticipated to reach around USD 64.59 billion by the end of 2032 with a registered CAGR of 4.7% during the forecast period 2023 to 2032. The Asia Pacific market was valued at USD 22 billion in 2022.
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A white crystalline ingredient with the popular name "Alumina," aluminum oxide, is typically made from bauxite. It is extensively utilized in a variety of engineering disciplines, such as those involving anti-corrosion compounds, wear and abrasion-resistant components, and the computer industry. The quality attributes of alumina include great durability, brightness, minimal heat emission, and good stability at high temperatures. Alumina is now an expensive substance.
The automotive industry is continually being dominated by improved alumina components because of their superior performance and safety. Global automakers are changing their tastes by swapping out steel and iron elements with lightweight materials because lighter materials increase fuel efficiency. The market with alumina will increase significantly due to the rising need for lightweight body panels and improved load-bearing capabilities for light-duty commercial vehicles. In the nourishing term, the demand for premium alumina will be impacted by the rapidly expanding automotive sectors in emerging economies.
The consumer devices and building sectors actively create possibilities as a result of the modern standard of living. In recent years, alumina has been widely used for roof and wall cladding, incorporating frames, stairways, and panels. Wall cladding is frequently used in commercial buildings due to its affordability, usefulness, and attractive appearance.
The rising demand from the automobile & building and construction sectors is one of the major reasons behind the expansion of the global alumina industry. The alumina market is anticipated to rise significantly over the projected period as a consequence of high rises in construction investment in industrialized and developing nations as an outcome of rapid urbanization & wealth creation. Furthermore, it is anticipated that throughout the projection period, demand for alumina would increase due to the growing need for lighter and rising components to increase automotive fuel efficiency and lower carbon footprint. Additionally, rising automotive production & sales are anticipated as a result of global economic growth, especially in developing nations, and rising per capita discretionary money. This is anticipated to further support the growth of the global alumina market throughout the forecast period.
The change in the food and beverages sector toward packaged foods, particularly in developing economies like China, India, and Brazil, is also another factor anticipated to fuel the expansion of the global alumina market.
The rapid growth of packaged beverages and food goods in developing nations is predicted to increase the need for alumina in the packaging sector. Nevertheless, it is anticipated that the expansion of the alumina industry would be constrained over the forecast timeframe by severe competition from substitute materials like glass or plastic. Even though the fact that the requirement for alumina is anticipated to rise sharply due to rapid growth from the automobiles, building, and construction industries, the worldwide market is anticipated to face some difficulties due to varying raw material costs and the accessibility of substitute materials like glass as well as plastic materials. But because of its qualities including low weight, good strength, elasticity, good electrical and thermal conductance, resistance to corrosion, and permeability need for alumina are anticipated to rise throughout the projection timeframe.
Report Coverage | Details |
Market Size in 2023 | USD 42.72 Billion |
Market Size by 2032 | USD 64.59 Billion |
Growth Rate from 2023 to 2032 | CAGR of 4.7% |
Largest Market | Asia Pacific |
Fastest Growing Market | North America |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Segments Covered |
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Regions Covered |
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Key Market Drivers
Growing alumina use in the medical & defense sectors
Demand for LED lighting is increasing
Increasing lithium-ion battery demand
Demand in the market is being boosted by increasing applications in smart devices
Key Market Challenges
Key Market Opportunities
The biggest demand in the alumina market was for commercial alumina. The rising usage of alumina in end-use sectors like transportation, building, packing, and durable goods is to blame for the growing demand for a metallurgy grade. Moreover, it is anticipated that the need for alumina for a variety of product compositions would be drawn by worldwide economic progress along with strong prosperity projections for these sectors, providing market expansion shortly.
In 2022, the smelting quality alumina sector held over 86% of the market share, and growth is anticipated to be significant through 2032. The increasing demand for alumina from finished sectors is to blame for this sector's expansion. Throughout the course of the research period, the emergence of the automobile sector in emerging nations will increase demand for premium alumina for use in exterior and interior bodywork, engine parts, and other applications. Due to the steady demand for premium aluminum components from the Asian Region and Latin America areas as a result of the expanding applications in finished industries, aluminum manufacturing from alumina will gain a sizable share of the market over the decades and it will create much more USD 48 billion by the end of 2030.
The car industry's increased use of aluminum components for interior and exterior components will increase the market share for alumina. 80% of the weight of contemporary commercial aircraft is made up of aluminum. Additionally, the construction industry in emerging nations will grow quickly, which will increase demand for aluminum.
In the alumina industry, the market for oxide for ceramics is anticipated to rise at the highest CAGR. Calcined alumina is primarily used in the creation of advanced ceramics. Due to its simplicity in blending with the other batch preparations, ability to regulate and distribute particle size, excellent power insulation, high strength, dielectric loss continuous, and superior corrosion resistance, the substance is preferred as the material of selection for ceramic production. Additionally, alumina components are simple to work with and machine using a variety of chemical and physical techniques, expanding its potential utilization base.
In 2022, the Asia-Pacific region had a primary market share of over 56%. China's domestic market makes a major contribution to the Asian Region and worldwide markets. China is known as the top producer and consumer of high-purity alumina, with more than 55percentage points of the market share by value and capacity. Furthermore, with over 15% of the Asian Region’s highly pure alumina industry, Japan ranks as the second-largest market in the area. The important development factors influencing the highly pure alumina market in the Asia Pacific region are the presence of established businesses, the prevalence of emerging economies, the combined demand from the electronics and automotive sectors, and the growing preference for LED lighting.
Due to the region's expanding use of highly pure alumina within the semiconductor and electronics sectors, North American highly pure alumina maintained the second-largest market share of over 15% in 2022. Due to the ease with which raw materials can be obtained and the growing desire that enterprises have for them as a result of their superior features, the US is predicted to become the region's largest market.
Segments Covered in the Report
By Product
By Grade
By Application
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Alumina Market
5.1. COVID-19 Landscape: Alumina Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Alumina Market, By Product
8.1. Alumina Market, by Product, 2023-2032
8.1.1. Metallurgical Grade
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.2. Refractory Grade
8.1.2.1. Market Revenue and Forecast (2021-2032)
8.1.3. Grinding Grade
8.1.3.1. Market Revenue and Forecast (2021-2032)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2021-2032)
Chapter 9. Global Alumina Market, By Grade
9.1. Alumina Market, by Grade, 2023-2032
9.1.1. Chemical
9.1.1.1. Market Revenue and Forecast (2021-2032)
9.1.2. Smelter
9.1.2.1. Market Revenue and Forecast (2021-2032)
9.1.3. Calcined
9.1.3.1. Market Revenue and Forecast (2021-2032)
9.1.4. Tabular
9.1.4.1. Market Revenue and Forecast (2021-2032)
9.1.5. Reactive
9.1.5.1. Market Revenue and Forecast (2021-2032)
9.1.6. Fused
9.1.6.1. Market Revenue and Forecast (2021-2032)
9.1.7. Aluminum Trihydrate
9.1.7.1. Market Revenue and Forecast (2021-2032)
Chapter 10. Global Alumina Market, By Application
10.1. Alumina Market, by Application, 2023-2032
10.1.1. Aluminum Production
10.1.1.1. Market Revenue and Forecast (2021-2032)
10.1.2. Non-Aluminum Production
10.1.2.1. Market Revenue and Forecast (2021-2032)
10.1.3. Abrasives
10.1.3.1. Market Revenue and Forecast (2021-2032)
10.1.4. Ceramics
10.1.4.1. Market Revenue and Forecast (2021-2032)
10.1.5. Refractories
10.1.5.1. Market Revenue and Forecast (2021-2032)
10.1.6. Filtration
10.1.6.1. Market Revenue and Forecast (2021-2032)
10.1.7. Others
10.1.7.1. Market Revenue and Forecast (2021-2032)
Chapter 11. Global Alumina Market, By End User
11.1. Alumina Market, by End User, 2023-2032
11.1.1. Revlimid
11.1.1.1. Market Revenue and Forecast (2021-2032)
11.1.2. Avastin
11.1.2.1. Market Revenue and Forecast (2021-2032)
11.1.3. Herceptin
11.1.3.1. Market Revenue and Forecast (2021-2032)
11.1.4. Cervical
11.1.4.1. Market Revenue and Forecast (2021-2032)
11.1.5. Malignant
11.1.5.1. Market Revenue and Forecast (2021-2032)
Chapter 12. Global Alumina Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Product (2021-2032)
12.1.2. Market Revenue and Forecast, by Grade (2021-2032)
12.1.3. Market Revenue and Forecast, by Application (2021-2032)
12.1.4. Market Revenue and Forecast, by End User (2021-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.1.5.2. Market Revenue and Forecast, by Grade (2021-2032)
12.1.5.3. Market Revenue and Forecast, by Application (2021-2032)
12.1.5.4. Market Revenue and Forecast, by End User (2021-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Product (2021-2032)
12.1.6.2. Market Revenue and Forecast, by Grade (2021-2032)
12.1.6.3. Market Revenue and Forecast, by Application (2021-2032)
12.1.6.4. Market Revenue and Forecast, by End User (2021-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Product (2021-2032)
12.2.2. Market Revenue and Forecast, by Grade (2021-2032)
12.2.3. Market Revenue and Forecast, by Application (2021-2032)
12.2.4. Market Revenue and Forecast, by End User (2021-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.2.5.2. Market Revenue and Forecast, by Grade (2021-2032)
12.2.5.3. Market Revenue and Forecast, by Application (2021-2032)
12.2.5.4. Market Revenue and Forecast, by End User (2021-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Product (2021-2032)
12.2.6.2. Market Revenue and Forecast, by Grade (2021-2032)
12.2.6.3. Market Revenue and Forecast, by Application (2021-2032)
12.2.6.4. Market Revenue and Forecast, by End User (2021-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Product (2021-2032)
12.2.7.2. Market Revenue and Forecast, by Grade (2021-2032)
12.2.7.3. Market Revenue and Forecast, by Application (2021-2032)
12.2.7.4. Market Revenue and Forecast, by End User (2021-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Product (2021-2032)
12.2.8.2. Market Revenue and Forecast, by Grade (2021-2032)
12.2.8.3. Market Revenue and Forecast, by Application (2021-2032)
12.2.8.4. Market Revenue and Forecast, by End User (2021-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Product (2021-2032)
12.3.2. Market Revenue and Forecast, by Grade (2021-2032)
12.3.3. Market Revenue and Forecast, by Application (2021-2032)
12.3.4. Market Revenue and Forecast, by End User (2021-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.3.5.2. Market Revenue and Forecast, by Grade (2021-2032)
12.3.5.3. Market Revenue and Forecast, by Application (2021-2032)
12.3.5.4. Market Revenue and Forecast, by End User (2021-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Product (2021-2032)
12.3.6.2. Market Revenue and Forecast, by Grade (2021-2032)
12.3.6.3. Market Revenue and Forecast, by Application (2021-2032)
12.3.6.4. Market Revenue and Forecast, by End User (2021-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Product (2021-2032)
12.3.7.2. Market Revenue and Forecast, by Grade (2021-2032)
12.3.7.3. Market Revenue and Forecast, by Application (2021-2032)
12.3.7.4. Market Revenue and Forecast, by End User (2021-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Product (2021-2032)
12.3.8.2. Market Revenue and Forecast, by Grade (2021-2032)
12.3.8.3. Market Revenue and Forecast, by Application (2021-2032)
12.3.8.4. Market Revenue and Forecast, by End User (2021-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Product (2021-2032)
12.4.2. Market Revenue and Forecast, by Grade (2021-2032)
12.4.3. Market Revenue and Forecast, by Application (2021-2032)
12.4.4. Market Revenue and Forecast, by End User (2021-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.4.5.2. Market Revenue and Forecast, by Grade (2021-2032)
12.4.5.3. Market Revenue and Forecast, by Application (2021-2032)
12.4.5.4. Market Revenue and Forecast, by End User (2021-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Product (2021-2032)
12.4.6.2. Market Revenue and Forecast, by Grade (2021-2032)
12.4.6.3. Market Revenue and Forecast, by Application (2021-2032)
12.4.6.4. Market Revenue and Forecast, by End User (2021-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Product (2021-2032)
12.4.7.2. Market Revenue and Forecast, by Grade (2021-2032)
12.4.7.3. Market Revenue and Forecast, by Application (2021-2032)
12.4.7.4. Market Revenue and Forecast, by End User (2021-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Product (2021-2032)
12.4.8.2. Market Revenue and Forecast, by Grade (2021-2032)
12.4.8.3. Market Revenue and Forecast, by Application (2021-2032)
12.4.8.4. Market Revenue and Forecast, by End User (2021-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.5.2. Market Revenue and Forecast, by Grade (2021-2032)
12.5.3. Market Revenue and Forecast, by Application (2021-2032)
12.5.4. Market Revenue and Forecast, by End User (2021-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Product (2021-2032)
12.5.5.2. Market Revenue and Forecast, by Grade (2021-2032)
12.5.5.3. Market Revenue and Forecast, by Application (2021-2032)
12.5.5.4. Market Revenue and Forecast, by End User (2021-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Product (2021-2032)
12.5.6.2. Market Revenue and Forecast, by Grade (2021-2032)
12.5.6.3. Market Revenue and Forecast, by Application (2021-2032)
12.5.6.4. Market Revenue and Forecast, by End User (2021-2032)
Chapter 13. Company Profiles
13.1. Avantium
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. AnPhat Holdings
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. BASF (Germany)
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Biotec (Germany)
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Braskem (Brazil)
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Futerro
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. iome Bioplastics (UK)
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Kaneka Takasago (Japan)
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. LyondellBasell Industries Holdings B.V. (Netherlands)
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Matrìca S.p.A. (Italy)
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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