Market Research Future (MRFR) has published on the “Global Bubble Alumina Market”.
The bubble alumina market is estimated to register a CAGR of 6.00% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global bubble alumina market— ZIRCAR, GNP Graystar, Zhengzhou YuLi Industrial, Alchemy Mineral, Panadyne, Niche Fused Alumina, Datong Refractory, Zhengzhou Rongsheng Kiln Refractory, Zhen Ya Industry, Bisley&Company., and others.
Bubble Alumina Market Highlights
The global bubble alumina market is accounted to register a CAGR of 6.00% during the forecast period and is estimated to reach USD XX billion by 2032.
The strong temperature resistance and insulating qualities of bubble alumina make it a popular material in the refractories industry. Bubble alumina becomes more in demand as refractories become more necessary in the glass, steel, and cement sectors. Additionally, major bubble alumina consumers are the steel, glass, and ceramics industries; these industries are cyclical and susceptible to economic downturns. Bubble alumina may become less in demand during downturns in the economy. Furthermore, due to its usage in insulating materials and heat shields for electric vehicles, bubble alumina offers a market potential due to the growing demand for EVs. Moreover, alternative materials with comparable qualities are a competition for the market, and the difficulty is in creating and preserving a competitive advantage over these substitutes while considering cost and performance.
Segment Analysis
The global Bubble alumina market has been segmented based on type and application.
The market is segmented based on type into 0-0.5mm, 0.5-1mm, 1-2mm, 2-5mm, and others. The 1-2mm segment was attributed to holding the largest market share in 2022. The lining material for thermal processing apparatus, including crucibles, rotary kilns, and other industrial furnaces, is 1-2 mm bubble alumina. These uses are appropriate for it because of its lightweight characteristics and tolerance to thermal stress.
During the projection period, the 0.5-1mm segment is anticipated to increase at the quickest rate. Because of its hardness and abrasive qualities, bubble alumina is used in certain abrasive products. Several abrasive applications can benefit from the 0.5–1 mm size range.
The global bubble alumina market has been segmented based on application into refractories, firing beds, abrasives, and others. The refractories segment was expected to hold the largest market share in 2022. Refractory bricks and forms are made with the addition of bubble alumina and are utilized in various applications. These bricks and forms offer structural support and thermal insulation in high temperatures and harsh conditions.
The firing beds category is the fastest growth. Bubble alumina can be added to firing beds in powder metallurgy to aid in sintering. Bubble alumina aids in maintaining steady and regulated temperatures during the sintering process, which includes heating powder metallurgy components to fuse them.
Regional Analysis
Based on region, the global bubble alumina market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe bubble alumina market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The bubble alumina market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World bubble alumina market comprises the Middle East, Africa, and Latin America.
The North American regional sector maintained the largest market share for bubble alumina. Bubble alumina is appropriate for use in the oil and gas sector due to its tolerance to high temperatures. As long as North America's oil and gas exploration operations remain expansive, bubble alumina may become more in demand. North America's medical and healthcare industries are big users of cutting-edge materials. The market expansion of bubble alumina can be attributed to its possible uses in medical equipment and gadgets.
Moreover, the European market has been persistently growing over the forecast period. Advanced ceramics have a sizable market in Europe, and bubble alumina is an essential ingredient in their manufacture. The need for sophisticated ceramics in sectors like electronics and medical equipment may drive the market for bubble alumina.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Asia Pacific is a significant center for the production of semiconductors and electronics. Since these businesses use high-purity bubble alumina as insulating materials and components, the electronics industry's continued growth could result in significant demand for the commodity.
Furthermore, the rest of the world's bubble alumina market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising oil and gas sector, increasing metal industry, mining activities, expanding power generation projects, and glass and ceramics manufacturing, all contributing to the market expansion.
Key Findings of the Study
- The global Bubble alumina market is expected to reach USD XX billion by 2032, at a CAGR of 6.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market because Asia-Pacific emerging markets are becoming more urbanized and increasing building activity. These applications may need bubble alumina, employed in refractories and high-temperature insulation.
- Based on application, the refractories segment was attributed to holding the largest market in 2022.
- ZIRCAR, GNP Graystar, Zhengzhou YuLi Industrial, Alchemy Mineral, Panadyne, Niche Fused Alumina, Datong Refractory, Zhengzhou Rongsheng Kiln Refractory, Zhen Ya Industry, Bisley&, and others.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.