High Alumina Aggregate Market, by Grade (Metallurgical Grade, Refractory Grade, Grinding Grade, and Others), by Product (Chemical, Smelter, Calcined, Tabular, Reactive, Fused, and Aluminum Trihydrate), by Application (Aluminum Production, Non-aluminum Production, Abrasives, Ceramics, Refractories, Filtration, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
A white crystalline ingredient, ‘Alumina’ is typically made from bauxite. Alumina is widely used in engineering disciplines such as those involving anti corrosion compounds, wear and abrasion-resistant components, and the computer industry. Alumina has various qualities such as brightness, minimal heat emission, and good stability at high temperatures which help boost the market growth in the coming years. Furthermore, in the automotive industry, alumina is widely used because of its superior performance and safety. Now alumina is an expensive substance in the global market. Rapidly increase the demand for premium alumina in the global market, which helps to expand automotive sectors in emerging economies such as China, India, and Brazil.
Market Dynamics
Increasing use of alumina in packaging sector due to continuously extends of food industry in globe and alumina can help to increase the shelf life of liquids and food without affecting their flavor is also propel the global high-alumina aggregate market growth. Furthermore, the change in the food and beverages sector towards packaged foods especially in some developing countries, like China, India, and Brazil also helps to increase the market growth.
In recent years, alumina has been widely used for roof and wall cladding, incorporating frames, stairways, and panels. Due to wall cladding's affordability, usefulness, and attractive appearance, it is continuously used in commercial buildings. For instance, in November 2021, the alumina manufacturing company, Caltra Nederland announced its partnership with a cement manufacturing company, Royal White Cement and AGC Ceramics, Ltd. They all worked together on a project that aims to increase the production of alumina in the U.S.
High prices of raw materials can hamper the global high-alumina aggregate market growth. Furthermore, limited technical expertise and knowledge can restrain market growth.
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