Global Aluminum Oxide Market Status and Quantitative Analysis: Market Value is $657.09 Million in 2024
According?to?Global?Market?Monitor,?the?global?aluminum oxide market size will be $657.09 million in 2024 with a CAGR of 6.95% from 2024 to 2029.
Bauxite is widely distributed, but mainly concentrated in tropical areas, where there is strong weathering to produce bauxite, but these resources are strictly controlled by a few competitors. Large companies have strong integration abilities and perfect industrial chain systems, while small companies are vulnerable to the influence of raw material prices. Small companies need to improve the refining process level and produce high-quality alumina, to expand the market.
Related?Market?Research?Report:?2024 Global Aluminum Oxide Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast
The sales volume of aluminum products will decline due to export obstruction, which will add to the pressure of increasing enterprise inventory. Enterprises need to be equipped with corresponding epidemic prevention materials, such as masks, disinfectants, etc. and also need to disinfect factories every day to ensure the life and health of employees. These measures will increase the production costs of enterprises and affect the development of bauxite and alumina industries.
Market Segmentation by Company
At present, the supply of aluminum products in China exceeds demand, but the supply of high-end aluminum products exceeds demand. The construction of intercity high-speed trains and 5G base stations require high-end aluminum products, which will encourage aluminum producers including China to upgrade their product structure. China, as a major aluminum producer, has a large amount of bauxite mining. The transformation of Chinese aluminum industry companies to produce high-end aluminum products and new cooperation projects will bring development opportunities for the bauxite and alumina industries.
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Application Fields
Refractory is an important application of most bauxite and alumina products. People generally tend to use more alumina refractories in steel production, which can prolong the service life of steel and other containers and help to produce cleaner steel. The demand of the refractory industry promotes the development of the bauxite and alumina industry. The demand for non-metallurgical bauxite continues to grow, and a series of applications have been developed. These include refractories, abrasives (including newly developed proppants), high alumina cement, aluminum chemicals, active bauxite, and alumina. Other uses include filters and pigments for plastics and elastomers; Special calcined alumina for ceramics, refractories, abrasives, soft calcined alumina, and hard calcined alumina, used to produce alumina cement and calcium aluminate cement. Non-metallurgical bauxite is widely used, and the continuous growth of demand for metallurgical bauxite will promote the development of the bauxite industry.
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Market Segmentation by Classification
Market Segmentation by End-Users
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