(2020 - 2023) Global Aluminum Oxide Market is Anticipated to Reach US$ 4.6% Billion by 2023

Aluminum Oxide Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Aluminum Oxide market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Aluminum Oxide Market report is anticipated to register a CAGR of 4.6% over a five years forecast period (2020 – 2023).”

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List of Major Key players operating in the Global Aluminum Oxide Market are –

  • Almatis
  • GIFA
  • Khambhalay Abrasive
  • Russell Finex
  • Snam Abrasives Pvt. Ltd.
  • Tirupati Industries
  • VEGA
  • Washington Mills
  • WR Grace & Co.-Conn.

The global aluminium oxide market is expected to witness a CAGR of approximately 4.6% during the forecast period, 2020 - 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.

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Scope of the Report:

The report analyses Aluminum Oxide market, which includes –

  • Analysis of the growth of Aluminum Oxide market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Aluminum Oxide market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Aluminum Oxide market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Aluminum Oxide market are discussed.
  • The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Aluminum Oxide Market Report:

  • Varying dynamics of the Aluminum Oxide industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
  • Aluminum Oxide market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Aluminum Oxide market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Aluminum Oxide Market Report:

  • The report analyses how stringent emission control norms will drive the global Aluminum Oxide market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Aluminum Oxide market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Aluminum Oxide:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023

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