by Calcined alumina powder has wide applications across various industries like abrasives, refractories, ceramics, and others owing to its hardness, high purity, chemical stability, and electrical insulation properties. It is used as a filler material and reinforcing agent in plastics, rubbers, and other composite materials to improve strengths and heat resistance. It is also employed as a raw material in the manufacturing of aluminum metal, oxides, and other alumina-based chemicals.
The global Calcined Alumina Powder Market is estimated to be valued at US$ 21405.49 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising adoption of calcined alumina across numerous industries has been a key trend fueling the market growth over the forecast period. Calcined alumina finds widespread application as an abrasive in grinding wheels, cutting tools, and lapping and polishing compounds owing to its high hardness. It is also used as a raw material for manufacturing various aluminum metal products, alumina-based chemicals and ceramics. Expanding applications in industries such as aerospace, automotive, packaging due to strength and durability properties has augmented the demand of calcined alumina powder over the years.
SWOT Analysis
Strength: Calcined alumina powder has high refractoriness and is widely used as industrial ceramic filler and catalyst support. Its properties allow it to be used in a variety of high-temperature applications.
Weakness: Overuse of calcined alumina powder raises the possibility of environmental pollution and health hazards if proper safety precautions are not taken during mining and processing. The manufacturing process also requires significant capital investment.
Opportunity: Growth of end-use industries such as construction, ceramics, abrasives, refractories, and chemical processing will boost demand for calcined alumina powder. Increasing use of advanced ceramics and lightweight materials in automotive and aerospace sectors also opens new areas for application.
Threats: Availability of substitute materials and price volatility of raw materials used for manufacturing calcined alumina powder can pose threats. Stringent environmental regulations on mining and processing also act as a challenge.
Key Takeaways
The global calcined alumina powder market is expected to witness high growth over the forecast period of 2023 to 2030.
The Asia Pacific region currently dominates the market owing to high domestic demand from countries like China and India. Countries in this region have a large manufacturing base for industries utilizing calcined alumina powder such as construction, abrasives, ceramics, and refractories.
Key players operating in the calcined alumina powder market are Almatis, Graystar LLC, Paradise Minerals, Lianyungang Zhong Ao aluminium Co., Ltd, Hindalco Industries Limited, Fujimi Corporation, Honeywell International Inc, Saint-Gobain Ceramic Materials, READE, Logitech, and Fuji Kasei. These companies have a widespread presence across major regions and offer an extensive portfolio of calcined alumina powder products tailored for specific industrial applications. Continuous R&D is helping them develop and market novel grades to tap new areas of usage.
