The aluminum oxide market size has the potential to grow by 32.95 million MT during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.80%.
This report provides a detailed analysis of the market by application (metallurgical and non-metallurgical), geography (APAC, Europe, MEA, North America, and South America), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Alcoa Corp.
- Almatis BV
- Alumina Ltd.
- Aluminum Corp. of China Ltd.
- BASF SE
- Norsk Hydro ASA
- Rio Tinto Ltd.
- Sasol Ltd.
- Sumitomo Chemical Co. Ltd.
- United Company Rusal Plc
The aluminum oxide market is fragmented and the vendors are deploying growth strategies such as expanding their product portfolio to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as rapid growth in the automotive industry to achieve growth opportunities. However, factors such as issues related to the recycling of aluminum scrap will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the aluminum oxide market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This aluminum oxide market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Aluminum Oxide Market: Key Drivers and Trends
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Aluminum Oxide Market: Segmentation by Geography
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75% of the market’s growth will originate from APAC during the forecast period. China, Australia, and India are the key markets for aluminum oxide in APAC. Market growth in this region will be faster than the growth of the market in other regions.
High demand for aluminum oxide from the key end-user industries, such as chemicals, electronics, and consumer goods will facilitate the aluminum oxide market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Aluminum Oxide Market: Segmentation by Application
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The demand for aluminum oxide in metallurgical applications is mainly influenced by the growth in the construction and automotive industries. The use of aluminum in the automobile industry is growing as aluminum is a safe, fast, cost-effective, and one of the most environment-friendly solutions, which aids in boosting fuel economy, reducing emissions, and increasing the overall performance of the vehicle. However, the aluminum oxide market share growth by the metallurgical segment will be slower than the non-metallurgical segment.
The post COVID-19 impact has brought forth a slowdown in the demand for aluminum oxide for metallurgical applications owing to the temporary shutting down of aluminum oxide end-users, such as automobile and construction companies. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aluminum oxide market size.
Aluminum Oxide Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive aluminum oxide market growth during the next five years
- Precise estimation of the aluminum oxide market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aluminum oxide industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aluminum oxide market vendors
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