The Specialty Alumina Global Market Report 2023, provides comprehensive information on the specialty alumina market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/specialty-alumina-global-market-report
The global specialty alumina market size is expected to grow from $2.66 billion in 2022 to $2.76 billion in 2023 at a compound annual growth rate (CAGR) of 4.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of specialty alumina market is expected to reach $3.17 billion in 2027 at a CAGR of 3.5%.
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Product innovation is a popular trend in the specialty alumina market. Major companies operating in the specialty alumina market are focused on product innovation to sustain their position in the market. For instance, in March 2023, Carborundum Universal Limited, an India-based engineering company, launched CUMI Monk by using the advanced fusion method using specialty alumina with special additives. CUMI Monk Monocrystalline Alumina is a single crystal of alpha-phase alumina with little grain boundaries, creating rough surfaces with strong cutting edges for better bonding and sharper cutting actions than conventional alumina grains.
The specialty alumina market is segmented:
1) By Type: Standard Calcined Alumina, Tabular Alumina, White Fused Alumina, Medium Soda Calcined Alumina, Low Soda Alumina, Other Types
2) By Application: Refractory Materials, Ceramics, Abrasives And Polishing, Catalyst, Other Applications
3) By End-User Industry: Automotive, Aerospace, Chemicals, Industrial
Asia-Pacific was the largest region in the specialty alumina market in 2022.
The table of contents in TBRC’s specialty alumina market report includes:
1. Executive Summary
2. Specialty Alumina Market Characteristics
3. Specialty Alumina Market Trends And Strategies
4. Specialty Alumina Market – Macro Economic Scenario
5. Specialty Alumina Market Segmentation
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26. South America Specialty Alumina Market
27. Brazil Specialty Alumina Market
28. Middle East Specialty Alumina Market
29. Africa Specialty Alumina Market
30. Specialty Alumina Market Competitive Landscape And Company Profiles
Top Major Players:
- Rio Tinto Group
- Aluminum Corporation of China Limited
- Hindalco Industries Limited
- Norsk Hydro
- Sumitomo Chemical Co Ltd
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