May 23, 2024

Refractory Products  Is The Largest Segment Driving The Growth Of Calcined Alumina Powder Market

Market Overview:
Calcined alumina powder is a fine white powder obtained by burning aluminium hydroxide at high temperatures. It has properties such as high purity, hardness, chemical inertness, and thermal conductivity. Due to these properties, calcined alumina powder finds widespread usage in end-use industries like refractory products, ceramics, abrasives, electrical equipment, and chemical products among others.

The global Calcined Alumina Powder Market is estimated to be valued at US$ 21405.49 Mn or 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:
One of the key trends in the calcined alumina powder market is its increasing use in refractory products. Refractory products made using calcined alumina powder have high temperature stability and strength. They are suitable for applications requiring resistance to heat, chemicals, and abrasion. The growth in steel, cement and glass industries is driving the demand for refractory products which in turn is boosting the growth of calcined alumina powder market. Another trend is the replacement of traditional refractory materials like fireclay and magnesite with advanced non-clay products containing calcined alumina powder. This is due to non-clay materials having better spalling resistance and lowered carbon pickup during high temperature industrial processes.

SWOT Analysis

Strength: Calcined alumina powder has high strength, hardness, and heat resistance properties which makes it suitable for high temperature applications. It is chemically stable in nature.
Weakness: Continuous mining and processing required to extract alumina from bauxite ore deposits lead to high manufacturing costs. Alternatives like fused alumina and tabular alumina are gaining traction.
Opportunity: Growing refractories market and increasing demand from abrasives sector offer lucrative growth opportunities. Expanding electric vehicle market also boosts demand as alumina powder is used in lithium-ion batteries.
Threats: Stringent environmental regulations regarding mineral extraction and processing pose challenges. Volatility in raw material prices also acts as a threat.

Key Takeaways

The global calcined alumina powder market is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing use in refractories production. Refractories account for over 30% of total calcined alumina powder consumption.

Regional analysis: Asia Pacific dominates the market and is expected to continue its dominance during the forecast period. Countries like China, India offer large production bases and growing end-use industries driving the regional market. North America and Europe are other major markets growing at a steady pace.

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, Fuji Kasei. Expansion of production capabilities and new product launches are key strategies adopted by the major players.