Haixu has been monitoring the tabular alumina market, operating under the materials industry. The latest report on the tabular alumina market, 2020-2024, estimates it to register an incremental growth of 155.90 th MT, at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments while maintaining their slow-growing components. Almatis BV, AluChem Inc., Bisley & Company Pty. Ltd., Imerys Fused Minerals Villach GmbH, KT Refractories US Co., Henan Sicheng Abrasives Tech Co., Ltd, Possehl Erzkontor GmbH & Co. KG, Ransom & Randolph Co., SILKEM Doo, and Zhengzhou Haixu Abrasives Co., Ltd are among some of the major market participants.
The growing use of tabular alumina in several applications has been instrumental in driving the market’s growth. However, the increasing cost of production might hamper market growth.
Tabular Alumina Market is segmented as below:
Based on geographic segmentation, over 60% of the market’s growth originated from APAC during the forecast period. Also, the refractory segment led the development under the application segment.
