E-Commerce Is Fastest Growing Segment Fueling The Growth Of Calcined Alumina Powder Market

 

Market Overview:
Calcined alumina powder is a type of aluminium oxide derived from bauxite, clay and other aluminium-containing minerals through calcination. It is a fine white powder that possesses properties such as chemical inertness, wear resistance and remarkable electrical insulating properties. These unique properties make calcined alumina powder suitable for applications in various end-use industries such as refractories, ceramics, chemicals and abrasives.

The global Calcined Alumina Powder Market is estimated to be valued at US$ 21,405.49 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends witnessed in the calcined alumina powder market is the growing demand from the e-commerce industry. E-commerce platforms require robust warehousing spaces to store consumer goods. Calcined alumina powder has high thermal resistance properties and is widely used in construction of warehouses and godowns utilized by e-commerce platforms. Rising e-commerce sales and the need for infrastructure expansion is expected to drive the demand for calcined alumina powder over the forecast period.


Segment Analysis
The global calcined alumina powder market is segmented into heavy duty, light duty, medium duty based on the type. The heavy duty segment dominates the market and accounts for around 35% share owing to its wide application in the manufacturing of abrasive wheels, refractory bricks, and ceramic tiles. This segment grows owing to increasing demand for calcined alumina powder from the abrasives industry for manufacturing heavy-duty abrasive wheels.

Key Takeaways
The global calcined alumina powder market is expected to witness high growth, exhibiting a CAGR of 5.8% over the forecast period, due to increasing demand from refractory and abrasive industries.

Regional analysis
Asia Pacific dominates the global calcined alumina powder market and is expected to grow at the fastest rate during the forecast period. The growth in Asia Pacific is attributed to the increasing demand from countries like China, India, and Japan. China dominates the Asia Pacific calcined alumina powder market owing to the presence of a large number of abrasive and refractory manufacturers.

Key players
Key players operating in the calcined alumina powder market are Almatis, Graystar LLC, Paradise Minerals, Lianyungang Zhong Ao aluminium Co., Ltd, Hindalco Industries Limited, Fujimi Corporation, Honeywell International Inc, Saint-Gobain Ceramic Materials, READE, Logitech, Fuji Kasei. Almatis dominates the market owing to its product portfolio and global presence across multiple countries.


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