Non Metallurgical Alumina Market Size

Non Metallurgical Alumina Market Growth Projections and Opportunities

The non-metallurgical alumina market is poised for significant growth, with an anticipated Compound Annual Growth Rate (CAGR) of 6.72% during the forecast period spanning from 2022 to 2030. Various sectors, including refractories, abrasives, cement, and chemicals, are the primary contributors to the expansion of non-metallurgical alumina applications. However, these consumer industries have witnessed diverse trajectories in recent times. While certain segments, like chemicals utilizing alumina trihydrate (ATH) for water treatment, have maintained stability, others such as refractories and abrasives faced notable contractions, albeit showing signs of recovery.

In 2021, the global non-metallurgical alumina market held a valuation of USD 1,885.00 million, and it is anticipated to soar to USD 3,380.43 million by 2030, reflecting a robust CAGR of 6.72% throughout the forecast duration. The geographical distribution of this market showcases Asia Pacific as the frontrunner, accounting for the largest market share at 50.23%, followed by North America with a share of 21.64%, and Europe contributing 18.68%. Moreover, in terms of expected growth rates, Asia Pacific is forecasted to lead with the highest CAGR of 7.06%, trailed by North America at 6.70%, spanning the period from 2022 to 2030.

The application landscape of non-metallurgical alumina is diverse, with its utilization across refractories, abrasives, cement, and chemicals sectors. Refractories and abrasives, in particular, have faced challenges, experiencing a notable reduction in their markets, yet signs of recovery are evident. The alumina trihydrate (ATH)-based chemicals used in water treatment, on the other hand, have demonstrated relative stability in their market performance.

Looking ahead, the non-metallurgical alumina market is poised for substantial expansion, driven by diverse applications and recovering sectors. The refractories and abrasives segments, which encountered contractions, are anticipated to rebound, contributing to the overall growth trajectory of non-metallurgical alumina. As industries stabilize and resume growth, the demand for alumina in various applications is expected to witness an upswing, further propelling the market.