Calcined Alumina Powder Market Growth Accelerated by Increasing Adoption in Refractory Sector

 

Calcined alumina powder is widely used as an additive to improve the mechanical strength and thermal shock resistance of ceramics, which are used in refractory, abrasives and various other industrial applications. Refractory ceramics with calcined alumina powder offer advantages such as exceptional thermal stability, resistance to thermal shock and low thermal conductivity. Rapid industrialization along with growth in iron & steel industry is driving the demand for refractory materials globally which in turn is contributing to the growing adoption of calcined alumina powder. The global Calcined Alumina Powder Market is estimated to be valued at US$ 21405.49 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
Increasing demand from refractory sector: Refractory materials are crucial to manufacturing processes in iron & steel industry as they are used in construction of furnace linings and other high heat applications. Rapid infrastructure development along with growing steel production worldwide is driving the demand for refractories. Calcined alumina powder is a key additive used in manufacture of refractory ceramics owing to its properties such as high temperature stability and spalling resistance. Growing refractories industry will positively impact the adoption of calcined alumina powder over the forecast period.

Segment Analysis
The global calcined alumina powder market is dominated by the industrial and manufacturing sub-segment. Calcium aluminates are used in the production of refractories which find widespread application in cement plants, steel plants, petrochemical plants etc. Refractory materials made using calcined alumina powder have high corrosion resistance, high thermal conductivity and strength at elevated temperatures making them suitable for usage in core industrial processes and manufacturing activities.

Key Takeaways
The global calcined alumina powder market is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis: The Asia Pacific region is projected to be the fastest growing as well as the dominant regional market for calcined alumina powder through 2030. This can be attributed to high industrial growth along with presence of large manufacturing hubs in countries like China and India. China in particular has a massive steel and cement manufacturing industry which consumes sizeable amounts of refractory products incorporating calcined alumina.

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 and Graystar LLC have a significant market share due to their diversified product portfolio and global distribution network catering to core industrial segments.

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