Global Alumina Market report published by Reports and Data offers basic details about the market description, market overview, product portfolio, market scope, specifications, top companies, key applications and types, and overall industry overview.
The global Alumina Market is expected to reach USD 74.13 Billion by 2028, according to a new report by Reports and Data. The growth of the market is attributed to the growing applications of alumina among end-use applications.
Alumina finds extensive application in the production of metal aluminum, which finds application in a huge variety of commercial sectors. It is commonly used in both cast forms and wrought. The lightweight of aluminum makes it a suitable choice for use in the automotive and aerospace industry. It is also resistant to corrosion, which leads to its use in food and chemical handling and architectural purposes. Aluminum is an excellent electrical conductor and thus is used frequently in electrical transmission lines.
Increasing demand for refractories from the iron & steel industry is estimated to stimulate the demand for alumina in the forecast period. Refractories are the key materials used by the steel industry in the internal linings of furnaces for the production of iron and steel, in vessels for holding and carrying metal and slag, in furnaces for heating steel prior to further processing, and in the stacks through which hot gases are conducted. Refractories are also essential for the safe operation of the processes. Increasing demand for refractories in cement production is anticipated to fuel product demand in the upcoming years. Refractories play an instrumental role in both the lining of the high volume static equipment areas, which include a modern pre-calciner kiln system and the rotary kiln lining. The robustness of the rotary kiln brick lining usually determines the operating duration of a kiln.
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Top Companies Profiled in the Report:
Alcoa Corporation, Rio Tinto PLC, Almatis BV, United Company RUSAL PLC, Hindalco Industries Ltd., Alumina LTd., CVG Bauxilum CA, Norsk Hydro ASA, National Alminium Company Ltd., and Aluminum Corporation of China Ltd. among others.
The Alumina market research report highlights the major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It elaborates on various aspects these regional markets, such as shifting consumer tastes & preferences, fluctuations in supply & demand, changing production & consumption patterns, and revenue growth rate of each market. In addition, the report analyzes the current position of each player in the Alumina market leveraging various analytical tools such as Porter’s Five Forces analysis, SWOT analysis, and Capacity Utilization analysis.
Product Type Outlook:
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Reasons to Buy this Report:
- The latest Alumina market research report offers qualitative and quantitative analyses of the market.
- The report further segments the global Alumina market on the basis of product type, application spectrum, end-use landscape, geography, and competitive scenario to enable the reader to understand the overall market structure.
- The report exhaustively covers the regional landscape of the global market and evaluates the revenue growth rate of each regional market.
- It further offers an in-depth understanding of the competitive scenario of the Alumina market. In this section, the report lists the major players of the market and highlights their key business expansion strategies.
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