The global aluminum oxide market to register significant growth over the forecast period owing to the huge demand from pharmaceutical and industrial manufacturing processes coupled with ceramic industries for producing porous ceramics. Based on different applications and forms, they are also known as alundum, alumina, aloxide, and aloxite. Aluminum oxide occurs in crystalline polymorphic form. Aluminum oxide is basically used as electric insulator. For ceramic material, it has high thermal conductivity on account of which aluminum oxide is widely used in ceramic industries which are expected to augment the market over the forecast period. Aluminum is slightly soluble in acids and alkali whereas fully soluble in water. It is also used as an abrasive and as a component in cutting tools. In addition, aluminum oxide also provides resistance to metallic aluminum owing to weathering. Different aluminum oxide forms available in the market are nanoparticles, pellets, pieces, sputtering targets, and powder.
Plastics filters, reflective decorative, paints and for removing water from gas streams are some other application of aluminum oxide which are used globally. In addition to this, aluminum oxide is also used to form spark plug insulators, materials for hip replacements, as a chromatography medium in sodium vapor lamp. On account of enhanced properties, aluminum nanoparticles are used in a large scale in comparison to bulk materials. Aluminum nanoparticles are in white powder, solid, and liquid form. These nanoparticles are also irritant and inflammable to the respiratory tract. Aluminum oxide nanoparticles increase the electrical conductivity, strength, toughness, hardness, and ductility of alloys and metals. Aluminum oxide is expected to face huge demand from the medical transplants sector on account of its use as biomaterial which is expected to increase the global aluminum oxide market growth over the forecast period. Exposure to aluminum oxide is expected to cause major health issues including respiratory problems which are expected to obstruct the market growth.
Aluminum oxide is noted to develop major pulmonary reactions namely pneumothorax, emphysema and fibrosis which is expected to take as some hindrance in the market growth. Long term aluminum oxide exposure is expected to affect the central nervous system of the individual, whereas short term exposure of aluminum oxide is expected to cause eye irritation and upper respiratory tract which are major restraints in market growth.
The global aluminum oxide market is segmented on the basis of application areas. Application areas include the pharmaceutical industry, ceramic industries, industrial manufacturing processes, and the medical sector. Aluminum oxide is also used as a catalyst for dental cement production, adsorbent, as abrasive for toothpaste, in food as a dispersing agent, and also used in hemodialysis.
Asia Pacific was holding a major market followed by North America. Huge demand from growing pharmaceutical industries in countries such as India and China is expected to uplift the Asia Pacific market over the forecast period. Increase in aluminum oxide demand from the ceramic industry is expected to propel the market in North America over the forecast period.
Major players operating in the global aluminum oxide market are Vega, Russel, Chemicals India Company, GRACE, Almatis, Tirupati Industries, SASOL, MTC Wesgo, GIFA, Khambhalay Abrasive, and Nivaka Pharmaceuticals Industries. The global market is highly consolidated in nature. Companies are continuing their research and development activities in order to minimize the health issues caused by aluminum oxide exposure, which is expected to help the companies to increase their market presence. On account of health-related issues, aluminum oxide is less preferable in various industries. The global market is less competitive in nature. Companies are focusing in Asia Pacific region to meet their aluminum oxide demand owing to emerging economies and development in the pharmaceutical industry.
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The prevailing pandemic situation has led to weakened demand for paints and coatings in automotive, construction, electronics, and white goods. The path to recovery of growth for the industry is highly dependent on the duration of restrictions imposed and their influence on economic activity across the globe. Contrary to the trend prevalent in the industry in general, certain segments of the market such as antimicrobial coatings are witnessing a surge in demand in healthcare and food industries. The report will account for Covid19 as a key market contributor.