by Market Overview:
Calcined alumina or aluminum oxide is produced by heating aluminum hydroxide in rotary or multiple hearth furnaces. Calcined alumina powder possesses properties like chemical inertness, corrosion resistance, hardness, refractoriness and electrical insulation. It finds wide applications as an additive in paints, plastics, paper, rubber, ceramics, construction materials. In refractory materials, Calcined alumina powder is used as raw material during the production of magnesia-carbon, neutral and acidic refractory bricks and ramming mixes. The growth in steel and cement industries is driving higher consumption of refractory products globally which in turn boosts the demand for Calcined alumina powder.
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:
One of the key trends in the Calcined Alumina Powder Market is the increasing use of Calcined alumina in the refractories industry. Refractories are heat resistant materials used in high temperature applications and form an indispensable part of furnaces and reactors. Steel and cement manufacturing are highly dependent on refractories and the growth in steel and cement industries is leading to higher consumption of refractory products. Calcined alumina is a key raw material used in the production of refractory bricks and ramming mixes used in these industries. The steady rise in steel and cement production worldwide is augmenting the demand for Calcined alumina powder from the refractories segment.
Porter’s Analysis
Threat of new entrants: The threat is moderate as the market is dominated by few established players. However, the market is expected to consolidate further over the forecast period due to increased demand.
Bargaining power of buyers: Buyers have moderate bargaining power due to presence of substitute products. However, buyers prefer established brands with proven quality and consistent supply.
Bargaining power of suppliers: Few players dominates the supply chain. Suppliers thus have moderate bargaining power over buyers.
Threat of new substitutes: Calcined alumina has limited substitutes and finds applications where purity and performance is critical. Hence, threat is low.
Competitive rivalry: The market is fragmented with top players accounting for over 50% share. Rising demand will likely intensify competition.
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 demand from end use industries like refractories, ceramics, and abrasives.
The Asia Pacific region is expected to dominate the market over the forecast period. Abundant availability of raw materials and growing end use industries in China, India, and other Asian countries are driving the growth of the regional market.
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. Key players are focusing on capacity expansion and new product launch to strengthen their market position.
Regional analysis related content comprises The Asia Pacific region is projected to be the fastest growing as well as the dominant regional market for calcined alumina powder during the forecast period. Abundant availability of raw materials along with growing industries such as refractories and ceramics in China, India and other Asian countries are fueling the growth of regional market.
Key players related content comprises 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. Key players are focusing on expansion of production capacity and new product launches to strengthen their market position.
