Global Aluminum Oxide Market Research Report and Forecast 2022-2027
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Report Description and Highlights
Report Description
Global Aluminum Oxide Market Outlook 2027: The latest report by IMARC Group, titled “ Aluminum Oxide Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 20222027 ,” finds that the global aluminum oxide market reached a value of US$ 5.35 Billion in 2021. Aluminum oxide (Al2O3), also known as alumina, is a white, odorless chemical compound with a relatively high thermal conductivity. It is amphoteric in nature and widely used as an electric insulator in industrial manufacturing processes to prevent devices from weathering. In addition, the high melting point of aluminum oxide makes it a suitable refractory material for lining high-temperature appliances such as kilns, furnaces, incinerators, reactors, and crucibles. Request for a free sample: https://www.imarcgroup.com/aluminum-oxide-market/requestsample
Report Description and Highlights
Report Description
Global Aluminum Oxide Market Trends: The market is primarily driven by the increasing product applications across various industries. For instance, Al2O3 is employed in the pharmaceutical sector to act as a preferred material in bearings of hip replacements, bionic implants, prosthetic eye substitutes, tissue reinforcements, dental crowns, abutments, bridges, and other dental implants. This, in line with the growing investments in the healthcare sector by governing agencies of numerous countries, is creating a positive market outlook across the globe. Moreover, the market is favored by the increasing usage of Al2O3 in industrial manufacturing processes. For example, it is used to produce piping components and numerous cutting tools, machining tools, wear-resistant pump impellers, thermocouple sheaths, and baffle plates. In addition, Al2O3 is extensively utilized in manufacturing engineered ceramics due to its thermal conductivity. Apart from this, the rising usage of Al2O3 in construction, container packaging, electrical engineering, and smelting processes is also fueling the market growth. Furthermore, key players are collaborating and forming alliances to focus on commercialization and large-scale production, which is expected to propel the market growth in the upcoming years.
Report Description and Highlights Report Description Market Summary: Breakup by Form Type: • Nanoparticles • Powder • Pellets • Tablets • Sputtering Targets Breakup by Application: • Aluminum Smelting • Abrasive • Aluminum Chemicals • Engineered Ceramics • Refractories
Report Description and Highlights Report Description Breakup by End User: • Medical • Automotive • Industrial Manufacturing • Electronics Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America Looking forward, IMARC Group expects the market to reach a value of US$ 7.72 Billion by 2027, exhibiting a CAGR of 5.70% during the forecast period (2022-2027).
Report Description and Highlights Report Description Competitive Landscape With Key players: • Alcoa Corporation • Aluminum Corporation of China Limited • BASF SE • Cabot Corporation • Evonik Industries AG • Hangzhou Jinjiang Group Co. Ltd • Honeywell International Inc • J.M. Huber Corporation • Merck KGaA • RusAL • Sasol Limited • Sumitomo Chemical Co. Ltd • W.R. Grace & Co View Report TOC, Figures and Tables: https://www.imarcgroup.com/aluminum-oxide-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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