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