Aluminum Oxide Market - Growth, Trends, and Forecast (2019 - 2024)

The Market is Segmented by Structural Form Type (Nanoparticles, Powder, Pellets, Tablets, and Sputtering Targets), End-user Industry (Medical and Pharmaceutical, Ceramic, Industrial Manufacturing, Electronics, and Other End-user Industries), and Geography.

Market Snapshot

Aluminum Oxide Market - Market Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The aluminum oxide market is expected to register a CAGR of around 5.2%, during the forecast period of 2019-2024. The major factors driving the growth of the market studied are the increasing demand from the pharmaceutical and industrial manufacturing sector, and growing production of porous ceramics. However, increasing health risks due to exposure to aluminum oxide remains one of the major concerns for the market studied.

  • The medical and pharmaceutical segment dominated the market in 2018. It is likely to grow during the forecast period, with increasing investments into the healthcare industry across the world.
  • The huge potential as biomaterial in the medical industry is likely to provide opportunities for the market studied, during the forecast period.
  • Asia-Pacific dominated the global market, owing to the surging demand from the medical, industrial manufacturing, and electronics industries.

Scope of the Report

The scope of the aluminum oxide market report includes:

Structural Form Type
Nanoparticles
Powder
Pellets
Tablets
Sputtering Targets
End-user Industry
Medical and Pharmaceutical
Ceramic
Industrial Manufacturing
Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Medical and Pharmaceutical Segment to Dominate the Market Demand

  • Aluminum oxide is majorly used in transplants, making dental cement, and in hemodialysis in the medical sector.
  • There has been a significant increase in demand for such treatments, owing to the continuous surge in the number of health and dental issues, globally, primarily due to the rise in aging population. With this, the demand for, and consumption of aluminum oxide in the medical sector have been increasing.
  • Moreover, owing to the growing investments into the medical and pharmaceutical industry in the Asia-Pacific and Middle Eastern regions, the demand for aluminum oxide further increased from the medical and pharmaceutical industry.
  • The countries, such as India, South Korea, as well as the ASEAN region, have been witnessing substantial investment into the medical and pharmaceutical industry, which is expected to provide robust growth to the market studied, in the region.
  • In North America, the demand for medical and pharmaceutical products is high, due to the rapidly increasing proportion of the aging population in the region, and high demand for medical assistance.
  • Furthermore, with an aim to develop non-oil sectors for reducing excess dependency on the oil sector, the Middle Eastern countries mainly focus on the development of the healthcare industry. This is expected to provide robust demand for aluminum oxide from the medical industry in the region, in the coming years.
Aluminum Oxide Market - Segmentation

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Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region dominated the global market share in 2018. The increasing investments and production in the end-user industries, such as medical & pharmaceuticals, electronics, industrial manufacturing, etc., are driving the demand for aluminum oxide in the region.
  • China holds the world largest industrial manufacturing base, and is the largest electronic producer in the world. The country not only supports the domestic demand, but also caters to the demand in international markets. Thus, with growing demand for industrial products, and electronic products across the globe, industrial output in China is also increasing.
  • Besides, countries like India, South Korea, and Japan, are also witnessing substantial increase in the demand for aluminum oxide.
  • In India and South Korea, investments into healthcare and electronics industry, production of pharmaceuticals, and growing ceramic demand and production, are driving the demand for aluminum oxide.
  • Whereas, in Japan domestic pharmaceutical industry is strong, and continuously invests huge resources & time into research, development, and commercialization of industrial, electronics, and pharmaceutical products, which has been driving the demand for aluminum oxide for application in the products of such industries in the country.
  • Thus, all such factors are expected to drive the demand for the market studied in the region during the forecast period.
Aluminum Oxide Market - Regional Trends

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Competitive Landscape

The aluminum oxide market is consolidated in nature, with few players accounting for a significant share of the market demand. Some of the major players in the market include Aluminum Corporation of China Limited (CHALCO), Xinfa Group Co. Ltd, Rusal, Rio Tinto, and Alcoa Corporation, among others.

Major Players

  1. Aluminum Corporation of China Limited (CHALCO)
  2. Xinfa Group Co. Ltd
  3. Rusal
  4. Rio Tinto
  5. Alcoa Corporation

* Complete list of players covered available in the table of contents below

Aluminum Oxide Market - Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 High Demand from Pharmaceutical and Industrial Manufacturing Processes

      2. 4.1.2 Increasing Demand from Ceramic Industries for Producing Porous Ceramics

    2. 4.2 Restraints

      1. 4.2.1 Increasing Health Risks due to Exposure to Aluminum Oxide

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Feedstock Analysis

    6. 4.6 Technological Snapshot

    7. 4.7 Government Regulations and Policies

    8. 4.8 Trade Analysis

    9. 4.9 Price Index

  5. 5. MARKET SEGMENTATION

    1. 5.1 Structural Form Type

      1. 5.1.1 Nanoparticles

      2. 5.1.2 Powder

      3. 5.1.3 Pellets

      4. 5.1.4 Tablets

      5. 5.1.5 Sputtering Targets

    2. 5.2 End-user Industry

      1. 5.2.1 Medical and Pharmaceutical

      2. 5.2.2 Ceramic

      3. 5.2.3 Industrial Manufacturing

      4. 5.2.4 Electronics

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alcoa Corporation

      2. 6.4.2 AWAC (Alcoa & Alumina Limited)

      3. 6.4.3 Corporation of China Limited (CHALCO)

      4. 6.4.4 China Hongqiao Group Ltd

      5. 6.4.5 East Hope Group

      6. 6.4.6 Jinjiang Group

      7. 6.4.7 Norsk hydro

      8. 6.4.8 Rusal

      9. 6.4.9 Rio Tinto

      10. 6.4.10 Sasol

      11. 6.4.11 Shandong Xinfa Aluminum & Electricity Group Ltd

      12. 6.4.12 South 32

      13. 6.4.13 Xinfa Group Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Huge Potential as Biomaterial in Medical Industry

**Subject to Availability

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