Global Aluminum Oxide Market: Information by Structural Form (Nanoparticles, Powder, Pellets, Tablets, Sputtering Targets), End Use (Medical, Pharmaceuticals, Industrial Manufacturing, Electronics and others), Purity (2N (99%), 3N (99.9%), 4N (99.99%), 5N (99.999%), 6N (99.9999%)) and Region - Forecast till 2030

Market Analysis
Aluminum oxide is the fourth highly common mineral all over the the globe, that is named as alumina, aloxite, alundum, or aloxide conditional on the applications or form. Aluminum oxide is a naturally occurring compound which finds application in different industries, mainly in the production of aluminum. Aluminum oxide is found in 2 different form, that is crystalline and non-crystalline. Due to its outstanding properties and comparatively high thermal conductivity, the material is largely used in the construction industry. Aluminum oxide or alumina is also used as an advanced material in ceramics due to its diverse levels of purity and resistance to acid and alkali substances. Alumina is non-toxic and helps as a filler in plastics and as an element in cosmetic products such as sunscreen creams and body lotions. The global aluminum oxide market is expected to register a remarkable CAGR of 6.68% during the forecast period, 2019–2030. The increasing application of aluminum oxide in the production of dental cement and the industrial manufacturing processes is likely to the key factor driving the growth of the global market. Likewise, the rising acceptance of aluminum oxide in the production of porous ceramics is also projected to increase the growth of the market. The use of high purity aluminum oxide in ceramic materials due to its high thermal conductivity is ensuring stable revenue source to the market growth. By structural form, the powder segment accounted for the largest share of 39% by value in 2018 owing to its cost-effectiveness and superior properties as compared to others, even in extreme conditions. The powder form of aluminum oxide is used in the preparation of bonded and pressed sputtering targets along with its application in physical vapor deposition (PVD) and chemical vapor deposition (CVD) processes. This form finds major application in the water treatment process and oxygen generation and purification systems. Owing to these factors, the powder segment is expected to register a CAGR of 5.67% by the end of 2030. The Global Aluminum Oxide Market is expected to register a CAGR of 6.68% to reach around USD 70,511.7 Million by the end of the year 2030.

Market Segmentation
Global Aluminum Oxide Market has been divided by Structural Form, by end-use, by purity and by region. Based on structural form the market has been divided into Nanoparticles, Powder, Pellets, Tablets and Sputtering Targets. Based on end use, the Global Aluminum Oxide Market has been divided into Medical, Pharmaceuticals, Industrial Manufacturing, Electronics (this segment is accounted for the largest share of 53.5% by value and is expected to register a CAGR of 6.76% during the forecast period) and Others. Based on purity the global Aluminum Oxide Market split into different percentages like 2N (99%), 3N (99.9%), ,4N (99.99%) (accounted for the largest share of 47.9% by value), 5N (99.999%), and 6N (99.9999%). On the basis of region, the global Aluminum Oxide Market has been divided into different regions like North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America covers US and Canada. Europe covers Germany, UK, France, Spain, Italy, Russia, Belgium, Poland, The Netherlands, and Rest of Europe. Asia Pacific covers China, India, Japan, Thailand, Malaysia, South Korea, Indonesia, Australia & New Zealand, and Rest of Asia Pacific. Latin America covers Brazil, Mexico, Argentina, and Rest of Latin America. Middle East & Africa covers Turkey, Israel, Saudi Arabia, UAE, Egypt and Rest of the Middle East & Africa.

Regional Analysis
Geographically, the Global Aluminum Oxide Market has been segmented into regions like Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia-Pacific is responsible for the major market share of 52.3% in the year 2018 due to fast industrial growth and positive regulatory policies in the developing economies of the region. The regional market is anticipated to register a CAGR of 7.21% during the forecast period. China held the major market share by value in the year 2018 and is projected to show the maximum CAGR of 7.83% during the forecast period. North America was the second-largest regional market in the year 2018 owing to the growth of medical and pharmaceutical industries along with the growing application of aluminum oxide in electronics. The regional market is expected to register a CAGR of 6.3% during the forecast period. The US is responsible for a greater market share by country in the year 2018 and is anticipated to register the highest CAGR of 6.42% during the forecast period. However, Canada in the year 2018 and is expected to exhibit a CAGR of 5.72%, owing to rising consumption of electronics appliances and equipment coupled with the relaxation in the immigration policies.

Major Players
The proposed spectators in the Global Aluminum Oxide Market are Suppliers and traders, Aluminum manufacturers, Consulting in aluminum oxide experts, Government, associations, and industrial bodies, Investors and trade experts. Tirupati Industries (India) Ltd, Sasol Limited, Morgan Advanced Materials Plc, Washington Mills, Illinois Valley Minerals, Cabot Corporation, Rusal, Almatis GmbH, , L.L.C, Choice Organochem Llp, and American Elements are some of the prominent players in the global aluminum oxide market.