Aluminum Oxide Market Report

Aluminum Oxide Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2015 To 2022

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  • Report ID: GVR1983
  • Format: Electronic (PDF)
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Huge demand from pharmaceutical and industrial manufacturing processes coupled with ceramic industries for producing porous ceramics is expected to drive the global aluminum oxide market over the forecast period. Based on different application 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 is expected to augment the global aluminum oxide 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 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 insulator, materials for hip replacements, as a chromatography medium in sodium vapor lamp. On account of enhanced properties, aluminum nanoparticles are used in 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 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 global aluminum oxide market growth. Aluminum oxide is noted to develop major pulmonary reactions namely pneumothorax, emphysema and fibrosis which is expected to taken as some hindrance in the aluminum oxide 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 global aluminum oxide market growth.

Global aluminum oxide market is segmented on the basis of application areas. Application areas include pharmaceutical industry, ceramic industries, industrial manufacturing processes and medical sector. Aluminum oxide is also used as 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 aluminum oxide 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 aluminum oxide market over the forecast period. Increase in aluminum oxide demand from ceramic industry is expected to propel the market in North America over the forecast period.

Major players operating in global aluminum oxide market are Vega, Russel, Chemicals India Company, GRACE, Almatis, Tirupati Industries, SASOL, MTC Wesgo, GIFA, Khambhalay Abrasive and Nivaka Pharmaceuticals Industries. Global aluminum oxide market is highly consolidated in nature. Companies are continuing their research and development activities in order to minimize the health issues caused by the 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. Global aluminum oxide 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 pharmaceutical industry.

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