PUBLISHER: Roots Analysis | PRODUCT CODE: 1854908
PUBLISHER: Roots Analysis | PRODUCT CODE: 1854908
As per Roots Analysis, the global alumina market size is estimated to grow from USD 41.08 billion in the current year to USD 66.20 billion by 2035, at a CAGR of 4.43% during the forecast period, till 2035.

The opportunity for alumina market has been distributed across the following segments:
Type of Product
Type of Grade
Areas of Application
Type of Form
Company Size
Geographical Regions
Alumina Market: Growth and Trends
Alumina is a white crystalline compound derived from bauxite, commonly referred to as aluminum oxide. It has a wide range of applications in various technical fields, particularly in anti-corrosion materials, components resistant to wear and abrasion, as well as in the electronics industry. The key characteristics of alumina include excellent durability, high brightness, low heat radiation, and strong stability at elevated temperatures. Due to its superior performance and safety features, alumina products are prevalent in the automotive sector. These qualities have prompted automotive manufacturers to replace steel and iron parts with lighter materials like alumina, which enhance fuel efficiency.
The alumina market is projected to experience substantial growth, driven by the increasing demand for lightweight body panels and enhanced load-bearing capabilities in light-duty commercial vehicles. Additionally, the consumer goods and construction industries are generating significant opportunities within the alumina market due to the modern lifestyle. This is evidenced by the extensive use of alumina in roofing and wall cladding, framing, staircases, and panels. Moreover, technological advancements are poised to increase the demand for chemical-grade alumina. This demand will be further propelled by the growing need for environmentally friendly, technologically viable, and energy-efficient products, supported by favorable government initiatives. As a result, owing to the above mentioned factors, the alumina market is expected to grow significantly during the forecast period.
Alumina Market: Key Segments
Based on type of product, the global alumina market is segmented into grinding grade, metallurgical grade, refractory grade, and others. According to our estimates, currently, the metallurgical grade segment captures the majority of the market share. This can be attributed to the widespread application of metallurgical grade alumina in aluminum production. Moreover, the demand for aluminum is expected to rise, driving up the need for metallurgical grade alumina as the automotive, aerospace, and construction sectors.
However, the grinding grade segment is expected to grow at a relatively higher CAGR during the forecast period, owing to its extensive use in creating abrasives such as cutting wheels, grinding wheels, sandpapers, and related products.
Based on type of grade, the global alumina market is segmented into aluminum trihydrate, calcined, chemical, fused, reactive, smelter and tabular. According to our estimates, currently, the smelter grade segment captures the majority of the market share, due to its widespread use in aluminum manufacturing.
However, the chemical grade segment is expected to grow at a relatively higher CAGR during the forecast period, driven by its increasing applications in the electronics and smart devices industries.
Based on areas of application, the global alumina market is segmented into abrasives, aluminum production, ceramics, filtration, non-aluminum production, refractories and others. According to our estimates, currently, the aluminum production segment captures the majority of the market share. This is due to the role of aluminum oxide as a crucial raw material used in the aluminum smelting process, which is commonly employed to extract aluminum metal from bauxite ore.
However, the non-aluminum production segment is expected to grow at a relatively higher CAGR during the forecast period, driven by the extensive use of alumina in various sectors, such as abrasives, ceramics, refractories, and filtration.
Based on type of form, the global alumina market is segmented into powder and beads. According to our estimates, currently, the cable tray and ladders segment captures the majority of the market share. This can be attributed to their larger surface area and effectiveness in various applications, especially in water treatment
Additionally, the powder category is expected to grow at a relatively higher CAGR during the forecast period, owing to the increasing demand in sectors like electronics and ceramics, where high-purity alumina is crucial.
Based on company size, the global alumina market is segmented into large and small and medium enterprise. According to our estimates, currently, the large enterprises capture the majority of the market share. However, the small and medium enterprises are expected to grow at a relatively higher CAGR during the forecast period. This can be attributed to their flexibility, creativity, emphasis on specialized markets, and capacity to adjust to evolving customer demands and market circumstances.
Based on geographical regions, the alumina market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, Asia Pacific captures the majority share of the market. This can be attributed to the investments in infrastructure, the growing industrialization and urban development in key countries like China, India, and Japan.
Alumina Market: Research Coverage
The report on the alumina market features insights on various sections, including:
Key Questions Answered in this Report
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