Calcined alumina powder is a kind of aluminium oxide obtained by calcination of aluminium hydroxide at high temperatures. It has various industrial applications such as in production of synthetic corundum, artificial gems, ceramics and fillers for paints, plastics and rubber. It is known for its high strength, hardness and resistance to corrosion from acids, alkalis and chemicals. It also has high temperature stability and dielectric properties. 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 Opportunity:
The key opportunity for growth in the calcined alumina powder market lies in new product development. Manufacturers can focus on developing new grades of calcined alumina powder catering to emerging applications. For example, developing high purity alumina powder suitable for advanced ceramics used in electronics, semiconductors and energy storage devices. They can also work on surface treatment technologies to impart special features like water repellency, improved flowability etc. Development of nano-sized calcined alumina powder opens up opportunities in areas like catalyst supports and biomedical applications. Investment in R&D will help companies gain first mover advantage and expand market share by tapping into new application segments.
Porter's Analysis
Threat of new entrants: Low capital requirements and availability of raw materials pose low threat of new entrants. However, established presence of major players pose barriers.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and standardized nature of product.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of raw material sources.
Threat of new substitutes: Substitutes like fused alumina and artificial corundum pose threat.
Competitive rivalry: Intense due to global presence of key players and differentiation difficult due to standardized nature.
SWOT Analysis
Strength: Wide applications in abrasives, refractories, ceramics etc. Standardized production processes.
Weakness: Price fluctuations of raw materials. Heavy reliance on end-use industries.
Opportunity: Growing refractory and abrasive industries in Asia Pacific. Development of nano-sized powders.
Threats: Strict environmental regulations. Threat from substitutes.
Key Takeaways
The global calcined alumina powder market is expected to witness high growth due to its wide applications in abrasives, refractories, ceramics and other industries.
Regional Analysis of Asia Pacific comprises major countries like China, India and Japan which account for over 60% of global demand. Growth in refractories, ceramics and cement industries has been the major driver in the region.
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. The market is characterized by presence of large global players and few regional players.
Comments
0 comment