Non-Metallurgical Alumina Market is predicted to reach USD 3,380.43 million at a CAGR of 6.72% during the forecast period
Non-Metallurgical Alumina Market Trends, Growth, Forecast 2030 | MRFR
Market Research Future (MRFR) has published a cooked research report on the “global Non-Metallurgical Alumina Market” that contains the information from 2018 to 2030.
Market Research Future (MRFR) has published a cooked research report on the “Non-Metallurgical Alumina Market” that contains information from 2018 to 2030. The Non-Metallurgical Alumina market is estimated to register a CAGR of 6.72% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Non-Metallurgical Alumina market— Alcoa Corporation, Almatis GMBH, Alteo Alumina, Alumina D.O.O – Zvornik, Dadco Alumina and Chemicals Limited, Hindalco Industries Ltd, Aluminum Corporation of China Limited, Atlantic Alumina Company (ATALCO), RUSAL and PT Indonesia Chemical Alumina (ICA).
Non Metallurgical Alumina Market Highlights
The global Non-Metallurgical Alumina market is accounted to register a CAGR of 6.72% during the forecast period and is estimated to reach USD 3,380.43 million by 2030.
The Non-Metallurgical Alumina Market refers to the global industry focused on the production and supply of alumina that is used for non-metallurgical applications. This high-purity alumina finds applications in various sectors like electronics, ceramics, catalysts, and abrasives, where its excellent thermal and electrical properties are highly valued.
Segment Analysis
The global Non-Metallurgical Alumina market has been segmented based on Type and Application.
On the basis of Type, the market is segmented into calcined alumina and alumina trihydrate. Regarding the revenue from the global non-metallurgical alumina market in 2021, the alumina trihydrate category had the largest market share, accounting for around 59.90%. This is mostly due to the expansion of construction activities and the significant increase in energy demand in the industrial sector, both of which are anticipated to drive market growth.
Based on Application, the global Non-Metallurgical Alumina market has been segmented into refractories, abrasives, ceramics, aluminum sulfate, ATH fire retardant, and others. Refractories held the greatest segment share in 2021 as a result of an increase in both public and private spending in the infrastructure sector. Refractories have a strong need for non-metallurgical bauxite. Ceramics is the second-fastest-growing sector of the non-metallurgical alumina market. The challenges of meeting the demand for specialty commodities globally, population increase, and continuous industrialisation are anticipated to have a significant impact on the ceramics industry.
Regional Analysis
The global Non-Metallurgical Alumina market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Non-Metallurgical Alumina market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Non-Metallurgical Alumina market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Non-Metallurgical Alumina market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific Non-Metallurgical Alumina Market dominated this market in 2022 USD 946.87 million in 2021 and a 7.06% CAGR over the course of the research period. Cement, slag conditioners, and materials based on alumina are in high demand as a result of the expanding infrastructure development in emerging economies.
Additionally, the second-largest market share for non-metallurgical alumina is held by North America, where refractories and expanding infrastructure projects are driving up demand. Additionally, in the North American region, the US non-metallurgical alumina market held the greatest market share, and the Canadian non-metallurgical alumina market also retains a sizeable market share.
Moreover, from 2022 to 2030, the non-metallurgical alumina market in Europe is anticipated to expand at a CAGR of 6.41%. This is brought on by accelerating non-metallurgical alumina demand for a variety of applications and expanding industrialization. Additionally, the French non-metallurgical alumina market was expanding at the quickest rate in the European region, while the German non-metallurgical alumina market had the biggest market share.
Key Findings of the Study
- The global Non-Metallurgical Alumina market is expected to reach USD 3,380.43 million by 2030, at a CAGR of 6.72% during the forecast period.
- The Asia-Pacific Non-Metallurgical Alumina Market dominated this market in 2022 USD 946.87 million in 2021 and a 7.06% CAGR over the course of the research period.
- Based on Application, Refractories held the greatest segment share in 2021 as a result of an increase in both public and private spending in the infrastructure sector.
- Alcoa Corporation, Almatis GMBH, Alteo Alumina, Alumina D.O.O – Zvornik, Dadco Alumina and Chemicals Limited, Hindalco Industries Ltd, Aluminum Corporation of China Limited, Atlantic Alumina Company (ATALCO), RUSAL and PT Indonesia Chemical Alumina (ICA).
To Get a Detailed Report Summary and Research Scope of Non-Metallurgical Alumina Market Size