1. Market Research
  2. > Mining and Quarrying
  3. > Mineral Market Trends
Aluminum Oxide Market - Growth, Trends, and Forecast (2019 - 2024)

Aluminum Oxide Market - Growth, Trends, and Forecast (2019 - 2024)

  • October 2019
  • 137 pages
  • ID: 5826201
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

Market Overview
The aluminum oxide market is expected to register a CAGR of around 4.40%, during the forecast period of 2019-2024. The major factors driving the growth of the market studied are the increasing demand from the pharmaceutical and industrial manufacturing sector, and growing production of porous ceramics. However, increasing health risks due to exposure to aluminum oxide remains one of the major concerns for the market studied.

- The medical and pharmaceutical segment dominated the market in 2018. It is likely to grow during the forecast period, with increasing investments into the healthcare industry across the world.
- The huge potential as biomaterial in the medical industry is likely to provide opportunities for the market studied, during the forecast period.
- Asia-Pacific dominated the global market, owing to the surging demand from the medical, industrial manufacturing, and electronics industries.

Key Market Trends
Aluminum Smelting Segment to Dominate the Market Demand

- Aluminum oxide is primarily used to produce aluminum from smelting process, as nearly 90% of the total aluminum oxide produced is consumed in the aluminum smelting industry. The aluminum oxide is used to produce the primary aluminum metal at a ratio of 2:1 (2 metric ton of alumina produces 1 metric ton of aluminum).
- Aluminum is the second-most used metal in the world and is mainly used in the transportation, building and construction, electrical engineering, container packaging, and other industries, due to its durability, strength, lightweight, and recyclability.
- In May 2018, aluminum giants Alcoa Corporation and Rio Tinto Aluminum announced a joint venture to commercialize patented technology that eliminates direct greenhouse gas emissions from the traditional smelting process, a key step in aluminum production. This is a revolutionary advancement in the manufacturing of aluminum.
- Together, the two aluminum companies formed a joint venture called Elysis, to develop this technology further for larger-scale production and commercialization, with a package planned for sale, beginning in 2024.
- Apple partnered with both these aluminum companies and the Governments of Canada and Quebec, to collectively invest a combined USD 144 million for future R&D.
- Total aluminum stocks in the world were estimated at around 11 million metric tons at the end of 2018, and are expected to further fall below 10 million metric ton by end of 2019. The global aluminum production is expected to reach 65 million metric tons in 2019, about 56% of which is expected to be produced in China.
- The weak market conditions prevailed in the global aluminum primary production market for 2019 is expected to be neutralized by the coming promising years if a resolution to the trade war is miraculously agreed.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region dominated the global market share in 2018. The increasing investments and production in the end-user industries, such as medical & pharmaceuticals, electronics, industrial manufacturing, etc., are driving the demand for aluminum oxide in the region.
- China is one of the fastest-growing economies globally, and almost all the end-user industries have been growing owing to the rising population, living standards, and per-capita income. However, owing to the international trade turbulences and unfavorable geopolitical affairs, the growth rate is expected to slow down in the initial years of the forecast period. But the growth is expected to take up the pace in the latter part of the forecast period, considering the favorable conditions and relations in the future.
- China is the world’s top producer of aluminum oxide with the production of more than 35 million metric tons in 2018. This production was increased by new smelter openings in 2018 and higher utilization rates, following a decrease in the cost of raw material, alumina. According to the National Bureau of Statistics, the country produced around 3.05 million metric tons of alumina in December 2018, an increase of 11.3% from December 2017.
- Southwest China’s Guizhou province is increasingly becoming the largest producer, due to friendly policies and the easy availability of raw materials. Guizhou’s abundant bauxite resources have given an edge in developing aluminum production, as bauxite is the raw material used to produce aluminum products in many industrial processes.
- Thus, all such factors are expected to drive the demand for the market studied in the region during the forecast period.

Competitive Landscape
The global aluminum oxide market is consolidated, with the top five players accounting for around 40% of the global market. Some of the major players in the market include Aluminum Corporation of China Limited (CHALCO), Xinfa Group Co. Ltd, China Hongqiao Group Limited, and Alcoa Corporation, among others.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Alumina Production in Australia - Industry Market Research Report

  • $ 800
  • July 2021
  • 48 pages

Getting warmer: Revenue is expected to grow sharply in the current year as demand heats up Abstract Alumina Production in Australia Industry firms refine bauxite into alumina (or aluminium oxide), a ...

  • Australia
  • Alumina
  • Industry analysis
  • Alumina Production
  • Alumina Price

ref:plp2019

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on