ID: MRFR/CnM/9469-CR | 110 Pages | Author: Priya Nagrale | October 2022
The global brown fused alumina market share is likely to attain a global CAGR of 7.23% is projected to reach USD 1165.03 million by the end of 2030.
$1165.03 Million
7.23%
Asia-Pacific
2022-2030
The global brown fused alumina market share is likely to attain a global CAGR of 7.23% during the ongoing forecast period of 2019-2030. The global brown fused alumina market was valued at USD 622.86 million in 2021 and is projected to reach USD 1165.03 million by the end of 2030.
Brown fused alumina is produced by a reduction fusion of bauxite ore in an electric arc furnace at about 2,250℃. It has a high bulk density and high hardness, making it the perfect raw material for the abrasives production process.
Brown fused alumina is widely used to produce abrasives due to its high bulk density, hardness, and consistent particle size. Additionally, the expansion of steel production capacities worldwide is also expected to generate significant demand for high alumina refractory products, thereby increasing the demand for brown fused alumina market over the forecast period. However, stringent regulations on mining activities are expected to limit raw material availability and affect market growth in the upcoming period.  .
COVID-19 Impact on the Textile Fabric  Market:
The outbreak of COVID-19 has had a slightly negative impact on the global brown fused alumina market due to the disruptions in the supply chain and the non-availability of labor to carry out the production activities. Limited or full-fledged lockdown strategies were implemented across the world to contain the spread of the virus. During the initial phases, these lockdowns severely led to a significant drop in global industrial production. According to the World Bank's January 2021 Global Economic Prospects report estimations, the real gross domestic product of the world contracted by around 3.5%.
Furthermore, the raw material prices also increased for a significant part of 2020 due to limited market availability. Thus, disruption in the supply of key raw materials and limited availability of labor had an adverse impact on the brown fused alumina production facilities located across the world.
Market Dynamics
SegmentationÂ
By Type
By Application
By Region
Regional Analysis
Asia-Pacific dominated the global market with a value share of 49.21% in 2020 and is projected to register the highest CAGR of 8.1% to reach USD 531.84 million by the end of 2028. The market growth can be attributed to the growing urbanization and increasing demand in the refractory industry, especially in the metal manufacturing sector in the emerging economies of Asia-Pacific, particularly in China, Japan, and Southeast Asian countries. China is the leading producer and consumer of brown fused alumina in Asia-Pacific, accounting for about 35.05% value share of the regional market in 2020. The growing industrial base and population in China is the prime factor propelling the market growth. The brown fused alumina market in India is expected to register a CAGR of 9.0% during the forecast period.
The North American market accounted for the third-largest share in 2020 and is projected to record a CAGR of 5.7% during the review period. The established presence of metal manufacturers in the region is the prime factor propelling the growth of the brown fused alumina market in North America. The US accounted for a significant share of the brown fused alumina market in North America and is expected to register a CAGR of 5.6% during the review period.
The market in Europe is primarily driven by the demand for brown fused alumina in abrasives and refractory applications. In 2020, Germany accounted for the largest share in Europe and was followed by France. The growth of markets in Latin America and the Middle East & Africa are likely to be driven by the increasing industrialization of global metal manufacturers and shifting upward trend in the regions' economy coupled with the rising per capita disposable income of the consumers in the region.Competitive Landscape
Asia-Pacific led the global brown fused alumina market with a revenue share of 49.21% in 2020 and is expected to register the highest CAGR of 8.09% during the forecast period and is is moderately fragmented in the region. The industry is likely to become more competitive as partnerships, mergers, and acquisitions increase. Furthermore, a growing number of players will enter the market within the estimated assessment period, boosting competition in the market.
The major players in the market include Imerys, Bosai Minerals Group Co., Ltd, LKAB Minerals, Kuhmichel Abrasiv GmbH, Saint-Gobain, Washington Mills, Shandong East Grinding Materials Co., Ltd, Elfusa Geral de Eletrofusão Ltda, and Yichuan Shengyu Abrasives Co., Limited.
The players in this market have shown an aggressive approach towards expansion and increasing production capacities. This is because the key players aim to capture the large consumer base of building & construction, refractory, and sandblasting. The global brown fused alumina market consists of several major players, including Tier 1 and Tier 2 manufacturers. The market represented massive numbers in terms of volume. However, it has shown steady growth in terms of consumption. The market is heading toward expansion, wherein the industry players are, specifically, focusing on capacity expansion. To match with the current and anticipated rise in terms of demand, collective alliances among industry players are expected to be seen over the coming years. As per the industry experts, acquisition and expansion are the widely adopted strategies by prominent players.
Report Overview:
The global brown fused alumina market is segmented by type, application and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global brown fused alumina industry emerging and fast-growing segments, regions, and countries.
Objectives of the Study
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: USD 1165.03 million |
CAGR | 7.23% CAGR (2019-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019-2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type & Application |
Geographies Covered | North America ,Europe, Asia-Pacific,South America, Middle East ,Africa |
Key Vendors | Imerys, Bosai Minerals Group Co., Ltd, LKAB Minerals, Kuhmichel Abrasiv GmbH, Saint-Gobain, Washington Mills, Shandong East Grinding Materials Co., Ltd, Elfusa Geral de Eletrofusão Ltda, and Yichuan Shengyu Abrasives Co., Limited. |
Key Market Opportunities | • Potential recovery of alumina from coal fly ash |
Key Market Drivers | • High demand for abrasives from various end-use industries • Growth of the global steel industry |
The global Textile Fabric market would register a growth of 7.23 %.
Steel Industries
Stringent government regulations on mining activities
The major players in the market include Imerys, Bosai Minerals Group Co., Ltd, LKAB Minerals, Kuhmichel Abrasiv GmbH, Saint-Gobain, Washington Mills, Shandong East Grinding Materials Co., Ltd, Elfusa Geral de Eletrofusão Ltda, and Yichuan Shengyu Abrasives Co., Limited.
High demand for abrasives from various end-use industries
Key Questions Answered
Why Choose Market Research Future?