The specialty alumina market size has grown steadily in recent years. It will grow from $2.76 billion in 2023 to $2.87 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth observed during the historical period can be attributed to the increased demand in the refractories industry, the expansion of the electronics and semiconductors sector, greater utilization in ceramics production, advancements in catalysts production, and developments in surface treatment applications.
The specialty alumina market size is expected to see steady growth in the next few years. It will grow to $3.31 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The anticipated growth in the forecast period can be attributed to the increasing demand for electric vehicles (EVs), a growing market for advanced ceramics, the expansion of the renewable energy sector, heightened utilization in biomedical applications, ongoing infrastructure development projects, and an increasing demand for sapphire substrates. Major trends expected in the forecast period include a focus on value-added products, ongoing product innovations, adherence to stringent quality standards, and increased investments in research and development.
The specialty alumina market is poised for growth, driven by the expanding aerospace and defense industry. This industry encompasses the development, production, and maintenance of aerospace systems, including aircraft, spacecraft, missiles, rockets, and related components, as well as defense systems and equipment. Specialty alumina, valued for its high strength, lightweight properties, and exceptional thermal resistance, finds extensive use in manufacturing various aerospace and defense components. Applications range from turbine blades and engine components to bearings, seals, and structural parts. In November 2022, the Airspace Industries Association (AIA) reported that the aerospace and defense industry generated $892 billion in combined sales in 2021, marking a 2.1% increase over the previous year. Exports from the sector also rose by 11.2% to $100.4 billion, underscoring the positive impact on the specialty alumina market.
The specialty alumina market is set to benefit from the growth in automotive production. Automotive production involves the manufacturing of vehicles, encompassing cars, trucks, motorcycles, and other motor vehicles. Specialty alumina, known for its exceptional hardness, wear resistance, and thermal conductivity, plays a crucial role in enhancing the performance and durability of key automotive components. This includes catalytic converters, spark plug insulators, and brake components. Reports from the European Automobile Manufacturers Association (ACEA) in May 2023 revealed a global production of 85.4 million motor vehicles, representing a 5.7% increase compared to the previous year. The rising automotive production is identified as a key driver for the specialty alumina market.
Product innovation emerges as a prominent trend in the specialty alumina market, with major companies focusing on advancements such as HYCal to maintain their market position. Carborundum Universal Limited, an India-based engineering company, introduced CUMI Monk in March 2023, utilizing advanced fusion methods with specialty alumina and special additives. CUMI Monk Monocrystalline Alumina, a single crystal of alpha-phase alumina with minimal grain boundaries, offers rough surfaces with strong cutting edges, resulting in improved bonding and sharper cutting actions compared to conventional alumina grains.
Major players in the specialty alumina market are investing in innovations such as nano-structured alumina catalyst support technology to deliver consistent quality, high performance, and tailored solutions for advanced ceramics. Nano-structured alumina catalyst support technology involves engineering alumina materials at the nanoscale to serve as catalyst support. Unifrax LLC, a US-based provider of specialty materials, introduced Eco-lytic in April 2021, leveraging nano-structured alumina to facilitate faster and more efficient conversion of harmful pollutants into harmless water vapor and carbon dioxide.
In January 2021, UMS Group, a US-based mining company, completed the acquisition of Alteo for an undisclosed amount. This strategic move is expected to fortify UMS Group's financial position in the markets and expedite its expansion plans. Alteo Holding, a France-based chemicals company and a leading producer of specialty alumina, aligns with UMS Group's objectives in the specialty alumina market.
Major companies operating in the specialty alumina market report are Rio Tinto Group, Aluminum Corporation of China Limited, Hindalco Industries Limited, Norsk Hydro, Sumitomo Chemical Co Ltd., Hongqiao, Rusal, Alcoa Corporation, Showa Denko, South 32, Emirates Global Aluminum, Nippon Light Metal Holdings Company Ltd., JM Huber Corporation, National Aluminum Company Limited, BASF SE, Almatis GmbH, ALTEO, Nabaltec AG, PT Indonesia Chemical Alumina, AluChem, Silkem doo, MOTIM Electrocorundum Ltd., Xinfa Group, Gujarat Credo Alumina Chemicals Pvt. Ltd., Hangzhou Jinjiang Group.
Asia-Pacific was the largest region in the specialty alumina market in 2023. The regions covered in the specialty alumina market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the specialty alumina market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of specialty alumina include standard calcined alumina, tabular alumina, white fused alumina, medium soda calcined alumina, low soda alumina, and others. Standard calcined alumina is processed at high temperatures, ensuring a controlled particle size distribution and purity. These specialty alumina types find applications in various industries, including the production of refractory materials, ceramics, abrasives and polishing, catalysts, and others. End users span across diverse sectors such as automotive, aerospace, chemicals, and industrial applications.
The specialty alumina market research report is one of a series of new reports that provides specialty alumina market statistics, including specialty alumina industry global market size, regional shares, competitors with a specialty alumina market share, detailed specialty alumina market segments, market trends, and opportunities, and any further data you may need to thrive in the specialty alumina industry. This specialty alumina research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The specialty alumina market consists of sales of brown fused alumina, high purity, ceramic matrix composites, and dry milled and ground specialty alumina products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The specialty alumina market size is expected to see steady growth in the next few years. It will grow to $3.31 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The anticipated growth in the forecast period can be attributed to the increasing demand for electric vehicles (EVs), a growing market for advanced ceramics, the expansion of the renewable energy sector, heightened utilization in biomedical applications, ongoing infrastructure development projects, and an increasing demand for sapphire substrates. Major trends expected in the forecast period include a focus on value-added products, ongoing product innovations, adherence to stringent quality standards, and increased investments in research and development.
The specialty alumina market is poised for growth, driven by the expanding aerospace and defense industry. This industry encompasses the development, production, and maintenance of aerospace systems, including aircraft, spacecraft, missiles, rockets, and related components, as well as defense systems and equipment. Specialty alumina, valued for its high strength, lightweight properties, and exceptional thermal resistance, finds extensive use in manufacturing various aerospace and defense components. Applications range from turbine blades and engine components to bearings, seals, and structural parts. In November 2022, the Airspace Industries Association (AIA) reported that the aerospace and defense industry generated $892 billion in combined sales in 2021, marking a 2.1% increase over the previous year. Exports from the sector also rose by 11.2% to $100.4 billion, underscoring the positive impact on the specialty alumina market.
The specialty alumina market is set to benefit from the growth in automotive production. Automotive production involves the manufacturing of vehicles, encompassing cars, trucks, motorcycles, and other motor vehicles. Specialty alumina, known for its exceptional hardness, wear resistance, and thermal conductivity, plays a crucial role in enhancing the performance and durability of key automotive components. This includes catalytic converters, spark plug insulators, and brake components. Reports from the European Automobile Manufacturers Association (ACEA) in May 2023 revealed a global production of 85.4 million motor vehicles, representing a 5.7% increase compared to the previous year. The rising automotive production is identified as a key driver for the specialty alumina market.
Product innovation emerges as a prominent trend in the specialty alumina market, with major companies focusing on advancements such as HYCal to maintain their market position. Carborundum Universal Limited, an India-based engineering company, introduced CUMI Monk in March 2023, utilizing advanced fusion methods with specialty alumina and special additives. CUMI Monk Monocrystalline Alumina, a single crystal of alpha-phase alumina with minimal grain boundaries, offers rough surfaces with strong cutting edges, resulting in improved bonding and sharper cutting actions compared to conventional alumina grains.
Major players in the specialty alumina market are investing in innovations such as nano-structured alumina catalyst support technology to deliver consistent quality, high performance, and tailored solutions for advanced ceramics. Nano-structured alumina catalyst support technology involves engineering alumina materials at the nanoscale to serve as catalyst support. Unifrax LLC, a US-based provider of specialty materials, introduced Eco-lytic in April 2021, leveraging nano-structured alumina to facilitate faster and more efficient conversion of harmful pollutants into harmless water vapor and carbon dioxide.
In January 2021, UMS Group, a US-based mining company, completed the acquisition of Alteo for an undisclosed amount. This strategic move is expected to fortify UMS Group's financial position in the markets and expedite its expansion plans. Alteo Holding, a France-based chemicals company and a leading producer of specialty alumina, aligns with UMS Group's objectives in the specialty alumina market.
Major companies operating in the specialty alumina market report are Rio Tinto Group, Aluminum Corporation of China Limited, Hindalco Industries Limited, Norsk Hydro, Sumitomo Chemical Co Ltd., Hongqiao, Rusal, Alcoa Corporation, Showa Denko, South 32, Emirates Global Aluminum, Nippon Light Metal Holdings Company Ltd., JM Huber Corporation, National Aluminum Company Limited, BASF SE, Almatis GmbH, ALTEO, Nabaltec AG, PT Indonesia Chemical Alumina, AluChem, Silkem doo, MOTIM Electrocorundum Ltd., Xinfa Group, Gujarat Credo Alumina Chemicals Pvt. Ltd., Hangzhou Jinjiang Group.
Asia-Pacific was the largest region in the specialty alumina market in 2023. The regions covered in the specialty alumina market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the specialty alumina market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of specialty alumina include standard calcined alumina, tabular alumina, white fused alumina, medium soda calcined alumina, low soda alumina, and others. Standard calcined alumina is processed at high temperatures, ensuring a controlled particle size distribution and purity. These specialty alumina types find applications in various industries, including the production of refractory materials, ceramics, abrasives and polishing, catalysts, and others. End users span across diverse sectors such as automotive, aerospace, chemicals, and industrial applications.
The specialty alumina market research report is one of a series of new reports that provides specialty alumina market statistics, including specialty alumina industry global market size, regional shares, competitors with a specialty alumina market share, detailed specialty alumina market segments, market trends, and opportunities, and any further data you may need to thrive in the specialty alumina industry. This specialty alumina research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The specialty alumina market consists of sales of brown fused alumina, high purity, ceramic matrix composites, and dry milled and ground specialty alumina products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Specialty Alumina Market Characteristics3. Specialty Alumina Market Trends and Strategies32. Global Specialty Alumina Market Competitive Benchmarking33. Global Specialty Alumina Market Competitive Dashboard34. Key Mergers and Acquisitions in the Specialty Alumina Market
4. Specialty Alumina Market - Macro Economic Scenario
5. Global Specialty Alumina Market Size and Growth
6. Specialty Alumina Market Segmentation
7. Specialty Alumina Market Regional and Country Analysis
8. Asia-Pacific Specialty Alumina Market
9. China Specialty Alumina Market
10. India Specialty Alumina Market
11. Japan Specialty Alumina Market
12. Australia Specialty Alumina Market
13. Indonesia Specialty Alumina Market
14. South Korea Specialty Alumina Market
15. Western Europe Specialty Alumina Market
16. UK Specialty Alumina Market
17. Germany Specialty Alumina Market
18. France Specialty Alumina Market
19. Italy Specialty Alumina Market
20. Spain Specialty Alumina Market
21. Eastern Europe Specialty Alumina Market
22. Russia Specialty Alumina Market
23. North America Specialty Alumina Market
24. USA Specialty Alumina Market
25. Canada Specialty Alumina Market
26. South America Specialty Alumina Market
27. Brazil Specialty Alumina Market
28. Middle East Specialty Alumina Market
29. Africa Specialty Alumina Market
30. Specialty Alumina Market Competitive Landscape and Company Profiles
31. Specialty Alumina Market Other Major and Innovative Companies
35. Specialty Alumina Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Specialty Alumina Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on specialty alumina market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for specialty alumina? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Standard Calcined Alumina; Tabular Alumina; White Fused Alumina; Medium Soda Calcined Alumina; Low Soda Alumina; Other Types
2) By Application: Refractory Materials; Ceramics; Abrasives and Polishing; Catalyst; Other Applications
3) By End-user Industry: Automotive; Aerospace; Chemicals; Industrial
Key Companies Mentioned: Rio Tinto Group; Aluminum Corporation of China Limited; Hindalco Industries Limited; Norsk Hydro; Sumitomo Chemical Co Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Rio Tinto Group
- Aluminum Corporation of China Limited
- Hindalco Industries Limited
- Norsk Hydro
- Sumitomo Chemical Co Ltd.
- Hongqiao
- Rusal
- Alcoa Corporation
- Showa Denko
- South 32
- Emirates Global Aluminum
- Nippon Light Metal Holdings Company Ltd.
- JM Huber Corporation
- National Aluminum Company Limited
- BASF SE
- Almatis GmbH
- ALTEO
- Nabaltec AG
- PT Indonesia Chemical Alumina
- AluChem
- Silkem doo
- MOTIM Electrocorundum Ltd.
- Xinfa Group
- Gujarat Credo Alumina Chemicals Pvt. Ltd.
- Hangzhou Jinjiang Group
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 2.87 Billion |
Forecasted Market Value ( USD | $ 3.31 Billion |
Compound Annual Growth Rate | 3.6% |
Regions Covered | Global |