Specialty alumina refers to a class of high-purity alumina products that are engineered for specific industrial applications. Specialty alumina is primarily produced from bauxite ore, which is refined into aluminum oxide through the Bayer process. The refined aluminum oxide is then treated in various ways to produce different grades of specialty alumina, each optimized for particular uses.
The specialty alumina market consists of sales, by entities (organizations, sole traders or partnerships), of specialty alumina products that are characterized by their controlled particle size distribution and purity levels, making them suitable for use in various sectors.
The global specialty alumina market was valued at $2,485.26 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 2.00%.
Steady Expansion Of The Automotive Industry
A steady expansion of the automotive industry boosted the growth of the specialty alumina market during the historic period. The rising demand for automobiles has heightened the need for advanced materials that provide durability, heat resistance and lightweight properties. Specialty alumina is essential for manufacturing automotive components such as engine parts and brakes, enhancing vehicle performance and fuel efficiency. Additionally, the automotive industry's transition to electric vehicles drives demand for specialty alumina, as these vehicles require lightweight, heat-resistant materials to optimize battery performance and extend range. For instance, according to the sales database of EV Volumes, a UK-based database of sales statistics, charging infrastructure, batteries, car models and sales forecasts for plug-in cars, global electric vehicle (EV) sales surged by 55% in 2022, totaling 10.5 million units, including both battery electric vehicles (BEVs) and plug-in hybrids (PHEVs). China led the market with an 82% increase in new EV sales compared to the previous year, capturing 59% of global sales. This growth solidifies China's position as the world's largest electric vehicle market and producer, accounting for 64% of the total global EV production. Additionally, according to MarkLines Data Center, a Japan-based advertising agency that provides forecast reports of the automotive market and the industry, sales of new cars in the United States for October 2022 were 1,185,280 units, up 6% from September 2022 and an increase of 11.5% from 1,062,687 in October 2021. Therefore, a steady expansion of the automotive industry contributed to the growth of the specialty alumina market.
Introduction Of New Specialty Alumina Brands To Enhance Performance In Advanced Ceramics Applications
Major companies in the specialty alumina market are focusing on the introduction of new specialty alumina brands to enhance performance in advanced ceramics applications. These new product lines are designed to offer superior thermal stability, mechanical strength and wear resistance, making them ideal for use in high-tech ceramics required in industries such as electronics, automotive and aerospace. For instance, in October 2023, Alteo Alumina, a France-based specialty non-metallurgical-grade alumina production company, launched its HYCal brand, expanding its specialty alumina offerings for advanced ceramics. HYCal products are designed to deliver consistent quality, ensuring reliability across various applications. The range provides high-performance results, particularly in mechanical and dielectric performance for high-alumina ceramics used in multiple industries. Additionally, HYCal offers tailored solutions to meet specific customer needs, reinforcing Alteo's commitment to innovation and customer support.
The global specialty alumina market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 60.59% of the total market in 2023.
Specialty Alumina Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global specialty alumina market as it emerges from the COVID-19 shut down.
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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? The specialty alumina market global report from The Business Research Company 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 history and forecasts market growth by geography. It places the market within the context of the wider specialty alumina market; and compares it with other markets.
The report covers the following chapters
Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by application and by end-user industry.
Product Analysis- The product analysis section of the report describes the leading products in the metal products market, along with key features and differentiators for those products.
Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the specialty alumina market.
Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by application and by end-user industry in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
Competitive Dashboard- Briefs on competitive dashboard of major players.
Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
Conclusions And Recommendations- This section includes recommendations for specialty alumina providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
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: Ceramics; Abrasives And Polishing; Catalyst; Other Applications
3) By End-User Industry: Automotive; Aerospace; Chemical; Industrial; Other End-Use Industries