Calcined Alumina Market Growth, Trends, Absolute Opportunity and Value Chain 2018-2028
Calcined Alumina Market: Introduction
Calcined Alumina also
known as aluminum oxide is produced by continuous calcination of alumina
at various temperatures. The properties of the final product can be
controlled by the controlling the calcination temperatures. Calcined
Alumina doesn’t undergo a loss in weight on firing and is harder
compared to tungsten carbide or zircon. Calcined alumina can sustain
high temperatures and has explicit properties including high mechanical
strength & hardness, refractoriness, electrical insulation and also
has the ability to resist wear abrasion, chemical attack and corrosion.
These properties make calcined alumina a vital product in applications
including the manufacture of ceramic shapes, refractories and abrasives.
Calcined alumina also finds applications as Polishing compounds,
Fillers anti-slip agents, Paint & Coatings and Thermal Spray
Powders.
Calcined Alumina Market: Dynamics
Demand
for calcined alumina is driven by a number of factors. The major
applications of calcined alumina include refractories & ceramics.
The rising market penetration of high-quality steel accounts for the
largest share in terms of application for refractories, in emerging
economies, which drives the demand for high-end refractories, which are
made from calcined alumina. The growing building & construction
industry further substantiates the growth. The growth in building &
construction industry itself drives the calcined alumina market as it is
the major end-user of steel, cement, glass & ceramics, etc, which
are key application areas for calcined alumina. The price and
performance of calcined alumina varies depending upon product density,
particle size distribution and degree of purity.
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The
refractories application of Calcined Alumina is estimated to account
for more than half of market share over the forecast period owing to the
excellent heat, corrosion and wear resistance properties of calcined
alumina.
Calcined Alumina Market: Regional Outlook
Based
on geographies, the global Calcined Alumina market is segmented into
seven regions including North America, Latin America, Europe, CIS &
Russia, Japan, APEJ (the Asia Pacific excluding Japan) and MEA. Among
the above-mentioned countries, Asia Pacific excluding Japan is estimated
to account for more than 40% of global consumption with major producers
having their manufacturing facilities in the region.
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The
region is also anticipated to witness a medium to high growth in the
global Calcined Alumina market on the back of the emerging economies of
India and China. These countries offer immense market potential for
calcined alumina as the need for high quality steel would require more
effective and efficient refractories offering higher performance,
thereby consuming more quantities of calcined alumina.
The paints
& coatings application of calcined alumina is an emerging
application for calcined alumina where it is used as a polishing agent
for plastic, metal and glass. APEJ also accounts for a major market
share in the global paints & coatings market. Moreover, North
America followed by Europe are projected to showcase low to medium
growth in the global Calcined Alumina market. Middle East & Africa
and Latin America account for a mere single digit market share in terms
of demand.
Calcined Alumina Market: Prominent players Prominent
players for the global Calcined Alumina market are Compagnie de
Saint-Gobain S.A., Huber, Almatis, AluChem, National Aluminium Company
Limited (NALCO), Orient Abrasives Ltd., Nabaltec AG, Sumitomo, Alteo,
Motim, Aluminum Corporation of China Limited and other key market
players. The Calcined Alumina market consists of well-diversified global
and regional players with the global vendors are ruling the market.
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