The global aluminium oxide market is expected to witness a CAGR of approximately 4.6% during the forecast period, 2018 - 2023. The major factor driving the market is the rapid increase in demand from pharmaceutical, medical, and electronics industries.
Growing Usage in Ceramics and Electronics Industry
The demand for aluminium oxides has been at a rise from various end-user industries, primarily from ceramics and electronics industry. Aluminium oxide offers high thermal conductivity in ceramics industry and ductility in the electronics industry, due to which it is highly preferred for usage in thermal test machines. Such factors are expected to drive the market for aluminum oxide during the forecast period.
Medical and Pharmaceutical Segment Dominates the Market
Aluminium oxide is majorly used in transplants, making dental cements, and in hemodialysis in the medical sector. There has been a significant increase in the demand for such treatments due to the continuous surge in the number of health and dental issues, globally, primarily due to rise in ageing population. Consequently, resulting in an increased demand for and consumption of aluminium oxide in the medical sector.
Asia-Pacific Dominates the Market
Asia-Pacific is expected to witness the highest demand for aluminium oxide during the forecast period, owing to the emerging applications of aluminium oxide in the pharmaceutical and medical industries. The demand is majorly expected to rise from the developing nations in the region, including China and India. The pharmaceutical companies are significantly involved in pushing the research and innovation in India. In 2017, the top five pharmaceutical companies, SunPharma, Lupin, Aurbindo Pharma, Cipla and Dr Reddy’s Labs, together spent over 8,000 Crore INR. Such investments and development in the pharmaceutical sector are expected to increase the demand for aluminium oxide, which, in turn, shall benefit the market. North America is expected to witness the second highest demand during the forecast period.
Key Developments
- December 2017: Albemarle expanded FCC product portfolio by launching new Granite technology
Major Players: Albemarle Corporation, GIFA, VEGA, Washington Mills, and WR Grace, among others.
Reason to Purchase this Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating process type and filler used in the market
- Countries expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
- This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Feedstock Analysis
3.3.1 Global Capacity by Key Feedstock
3.3.2 Trends
3.4 Technological Snapshot
3.4.1 Production Process
3.4.2 Technology Licensing and Patent Analysis
3.5 Trade Analysis
3.6 Price Index
3.7 Supply Scenario
3.7.1 Capacity and Production Analysis
3.8 Upcoming Projects & Capital Expenditure
3.9 Regulatory Policy Analysis
4. Market Dynamics
4.1 Drivers
4.1.1 High Demand From Pharmaceutical and Industrial Manufacturing Processes
4.1.2 Increasing Demand from Ceramic Industries for Producing Porous Ceramics
4.2 Restraints
4.2.1 Increasing Health Risks Due to Exposure to Aluminum Oxide
4.2.2 Other Restraints
4.3 Opportunity
4.3.1 Huge potential as Biomaterial in the Medical Industry
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, Share and Forecast)
5.1 By Structural Form Type
5.1.1 Nanoparticles
5.1.2 Powder
5.1.3 Pellets
5.1.4 Tablets
5.1.5 Sputtering targets
5.2 By End-user Industry
5.2.1 Medical
5.2.2 Ceramic
5.2.3 Industrial Manufacturing
5.2.4 Electronics
5.2.5 Others
6. Regional Market Analysis (Market Size, Share and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 NORDIC Countries
6.3.6 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
9.1 Almatis
9.2 ALMECO GROUP
9.3 GIFA
9.4 Khambhalay Abrasive
9.5 Russell Finex
9.6 SASOL
9.7 Snam Abrasives Pvt. Ltd.
9.8 Tirupati Industries
9.9 VEGA
9.10 Washington Mills
9.11 WR Grace & Co.-Conn.
*List not exhaustive
10. Disclaimer
**Subject to availability on public domain
