Aluminum Oxide Market Estimated to be Valued at USD 70 Billion by 2030 at a CAGR of 7.00%

Pune, India, July 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global Aluminum Oxide Market.

Aluminum Oxide Market Highlights

The global aluminum oxide market, during the forecast period 2023 - 2030, will register growth at a CAGR of 7.00%. The market for aluminum oxide is set to reach USD 70 Billion by 2030. As per aluminum oxide market analysts, the global market is anticipated to witness growth owing to the factors such as rising demand in the production of dental cements as well as increasing use of aluminum oxide. However, the aluminum oxide market will face challenges and restraints due to fluctuations in aluminum oxide prices and limited bauxite ore mining during the forecast period 2023 - 2030. 

The growing adoption of aluminum in the aluminum oxide market is set to play a key role in determining the growth potential during 2023 - 2030 years. Analysts have also studied the aluminum oxide market to understand potential threats and challenges the aluminum oxide market companies could face. Although the aluminum oxide market is poised to grow at a fast pace across structural form, purity, and end-use industries segments, factors such as depleting reserves of bauxite ore could slow down the aluminum oxide market's growth worldwide. 

Market Segmentation 

The aluminum oxide market has been segmented into structural form, purity, and end-use industries. Based on the segment which is structural form, the market is categorized on the basis of nanoparticles, pellets, powder, sputtering targets, and tablets. The global market for aluminum oxide is further segmented based on end-use industries into medical, electronics, industrial manufacturing, pharmaceuticals, and others. Furthermore, the market, on the basis of purity is segmented into 2N (99%), 3N (99.9%), 4N (99.99%), 5N (99.999%), and 6N (99.9999%). 

The global aluminum oxide market research report covers all the aspects of the aluminum oxide market based on the segmental analysis of these structural form, purity, and end-use industries segments. Analysts have also studied the global aluminum oxide market's regional markets spread across many continents and countries. The structural form, purity, and end-use industries segments along with their sub-segments have been analyzed and companies functioning in the aluminum oxide market across these segments are profiled and analyzed based on input and feedback from aluminum oxide market-based decision makers as well as primary and secondary sources. The aluminum oxide market research report presents analysis-based information for companies functioning in the aluminum oxide market.

Regional Overview 

Depleting resources and price volatility may hinder the aluminum oxide market growth. The market research report suggests that companies in the aluminum oxide market could be supported by increasing use of aluminum oxide as a biomaterial in medical transplant as well as increasing application of aluminum oxide in electronics during the forecast period. The aluminum oxide market is set to register growth at a high CAGR owing to these key factors. The aluminum oxide market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global aluminum oxide market research report reveals that APAC, North America, and Europe regional aluminum oxide markets will dominate the global market for aluminum oxide during the forecast period 2016 to 2030. As per aluminum oxide market analysts, the market is set to witness tremendous growth across powder and electronics segments in North America which covers aluminum oxide markets across the United States, Canada, Mexico and several other regional markets. Companies active in the aluminum oxide market are also analyzed and studied in the aluminum oxide market research report. By the end of 2030, the powder segment is expected to have a CAGR of 5.67 percent. The electronics market, on the other hand, posted a value of 53.5 percent for the key segment and is expected to grow at a 6.76 percent CAGR. 

The aluminum oxide market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the aluminum oxide market research report covers the Asia-Pacific region covering aluminum oxide markets from India, China, Japan, Australia, and others. The aluminum oxide market is also spread across the rest of the world. The aluminum oxide market report covers all such regions including the Middle East, Africa, Brazil, and others. 

Competitive Landscape 

Aluminum oxide has seen increased demand over the years, due to growth in the collective use of electronic appliances and reduction in the immigration guidelines. Companies functioning in the global aluminum oxide market are also being challenged due to price fluctuation and the shortage of resources. Mergers and acquisitions by aluminum oxide market companies are anticipated to help the market during the forecast period 2016 to 2030. As the aluminum oxide market is set to register a high CAGR of 7.00% and is also anticipated to reach a USD 70,511.7 million by 2030, the report highlights key areas companies need to focus on. The report suggests that the aluminum oxide market will see a healthy growth in the long run till 2030. Based on SWOT analysis and aluminum oxide market’s analysis based on Porters’ Five Force Model presented in the aluminum oxide market report. Mergers and acquisitions by aluminum oxide market companies are anticipated to help the market during the forecast period 2016 to 2030.  

Industry News 

Kaiser Aluminum Corporation, recently announced the final purchasing agreement between Alcoa Warrick LLC and the Alcoa Corporation (Alcoa) for an implied acquisition price of $670 million and an implied multiple of about seven times the adjusted EBITDA of the previous twelve months ending 30 September 2020. Alcoa LLC has included all the Warrick Rolling Mill ("Warrick") facilities. The associated smelting resources, power station and land are retained by alcohol. As part of the deal Kaiser Aluminum will conclude a market-oriented molten aluminium supply and a lengthy land lease with utility terms and usual transition.Read More About This Report: aluminum oxide market size