Alumina

Global Alumina Market include -Sasol Ltd., Sumitomo Chemical Co. Ltd

LUTON, BEDFORDSHIRE, UNITED KINGDOM, March 5, 2024 /EINPresswire.com/ -- The “Alumina Market" Size, Scope, and Forecast 2024-2030 report has been added to the market research collection of Research Reports. The report offers an in-depth analysis of the growth of the industry by segmenting it by type and geography. It provides an overview of the current market size and its forecast in terms of revenue and volume.  Industry experts and researchers have offered an authoritative and concise analysis of the Alumina Market with respect to various aspects such as growth Factors, challenges, Restraints, Developments, and Opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Alumina Market. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Also this report analysis Porters five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth

The global Alumina Market size is USD 1.56 Billion in 2023 and is expected to grow till USD 9.06 Billion by 2030, at a Compounded annual growth rate (CAGR) of 21.93%.

The smelter grade alumina segment accounted for more than 85% market share in 2020 and is likely to grow at a considerable rate up to 2027. The growth of this segment is attributed to the rising demand for aluminum from the end-use industries. The rise of the automotive industry in the emerging economies will augment the demand for high-quality aluminum for making interior and exterior body panels, engine components, etc., proliferating the alumina market trends over the study timeframe.

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Top Key Players in Alumina Market:

Sasol Ltd., Sumitomo Chemical Co. Ltd, Nippon Light Mryal Holdings Company Ltd., Alcoa Corporation, and Altech Chemicals.

Recent Development:

In January 2019, Vedanta Limited, a mining company based in India and a major alumina market player, planned to increase its capital expenditure to $250–$300 million in order to raise the production capacity of its Lanjigarh alumina refinery in Odisha. The refinery expansion is aimed at reducing Vedanta’s dependence on imported alumina and also lead to decreased aluminum production costs.

Segmentation of Alumina Market:

Key Market Segments: Alumina Market

Alumina Market by Type, 2022-2029, (USD Millions)

4n High Purity Alumina (Hpa)

5n High Purity Alumina (Hpa)

6n High Purity Alumina (Hpa)

Alumina Market by Technology, 2022-2029, (USD Millions)

Hydrolysis

Hydrochloric Acid Leaching

Alumina Market by Application, 2022-2029, (USD Millions)

Led Bulbs

Semiconductor Substrate

Li-Ion Batteries

Optical Lenses

Bio Medical Devices

Others

Alumina Market, By Geography

Due to the rise of economies such as China and India, Asia-Pacific accounted for a significant portion of the market. The presence of established HPA companies in the region, as well as increased demand for HPA from the automotive and electronics sectors, are projected to boost HPA demand in the region. Furthermore, the government’s strict controls on the manufacturing, import, and sale of incandescent lights have fueled the expansion of the smart lighting business, which makes LED bulbs, increasing demand for HPA across the area.

Study Objectives of this report are:

To study and analyse the global s market size (value and volume) by company, key regions/countries, products and application forecast to 2030.

To understand the structure of Alumina market by identifying its various sub segments.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

Focuses on the key global Alumina manufacturers, to define, describe and analyse the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyse the Alumina with respect to individual growth trends, future prospects, and their contribution to the total market.

To project the value and volume of Alumina submarkets, with respect to key regions (along with their respective key countries).

To analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyse their growth strategies.

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There are several compelling reasons to consider purchasing this report on the global Alumina Market:

Comprehensive Market Insights: The report provides a detailed and comprehensive analysis of the global Alumina Market, covering key trends, growth drivers, challenges, and opportunities. It offers valuable insights into market dynamics, enabling informed decision-making and strategic planning.

In-Depth Industry Analysis: The report delves into the competitive landscape, market segmentation, and key players' profiles. It presents a thorough assessment of the market's current and future potential, helping businesses identify potential partnerships, acquisitions, or investment opportunities.

Market Size and Forecast: The report includes accurate market sizing and forecasting data, enabling businesses to gauge the market's growth potential and plan their investments accordingly. This data-driven approach assists in optimizing resource allocation and mitigating risks.

Emerging Trends and Innovations: By highlighting emerging trends and innovations in the Alumina Market, the report equips businesses with valuable foresight. Staying ahead of the curve on technological advancements and consumer preferences can offer a competitive edge.

Regional Analysis: The report examines the Alumina Market across different regions, providing a comprehensive understanding of regional dynamics and market variations. This information aids businesses in devising region-specific strategies and tapping into high-growth markets.

Regulatory Insights: With an analysis of relevant regulations and policies impacting the Alumina Market, the report helps businesses navigate compliance requirements and mitigate regulatory risks.

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Customization:

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Alumina Market Report may well be modified to meet your detailed business essentials. Because we understand what our clients want, we provide up to 20% customization for any of our market reports at no added cost to all of our Users.

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