Growing demand for ceramics products such as tiles, sanitary ware, and tableware will continue to boost sales of aluminum oxide.
According to Future Market Insights (FMI), Europe sales of aluminum oxide are likely to reach a valuation of US$ 2,686.1 million in 2023. Between the forecast period 2023 to 2033, aluminum oxide sales in Europe are set to rise at 5.2% CAGR. Total market valuation in Europe will reach around US$ 4,443.8 million by 2033.
Rising demand for aluminum oxide from the ceramic industry is a key factor driving Europe market. Ceramics are widely used in numerous industries such as construction, electronics, automotive, and medical devices.
For instance, ceramic tiles and sanitary ware are extensively used in the construction industry. Similarly, ceramic capacitors and substrates are used in the electronics industry.
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Aluminum oxide is a key component in the production of advanced or engineered ceramics. This includes alumina ceramics, zirconia ceramics, and silicon carbide ceramics.
These products have superior properties such as high strength, hardness, and resistance to wear and corrosion. They find applications in critical sectors such as aerospace, defense, and biomedical.
Growing demand for high-performance ceramics from various industries will continue to boost Europe aluminum oxide sales through 2033.
The increasing adoption of advanced ceramics in high-tech applications such as semiconductors, LEDs, and electronic devices will elevate demand for aluminum oxide. Hence, the ceramics sector will continue to play a significant role in propelling demand for aluminum oxide across Europe.
Further, the growing usage of aluminum oxide in aluminum production will create opportunities for Europe-based aluminum oxide manufacturers.
Key Takeaways from Europe Aluminum Oxide Market:
“Growing demand from the ceramics industry is creating significant opportunities for the Europe aluminum oxide market. With increasing demand for ceramics from various industries, aluminum oxide sales will rise at a steady pace across Europe. Manufacturers will find significant growth opportunity in tending to critical sectors like aerospace, defense, and biomedical." - says an FMI analyst.
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Competitive Analysis:
BASF SE, Alcoa Corporation, Cabot Corporation, Norsk Hydroa, Evonik Industries AG, Merck KGaA, Sasol Ltd., J.M. Huber Corporation, Honeywell International Inc., W.R. Grace & Co., and others are the key manufacturers of aluminum oxide profiled in the full version of the report.
Key market participants are expanding their production capacities to meet end user demand across Europe. They are also focusing on strengthening their presence across various emerging markets.
For instance,
This new series of catalysts are supported by alumina and has been designed to offer improved activity and increased tolerance to toxins such as sulfur. This is achieved through the use of greater Pd dispersion in the catalysts, resulting in a higher level of efficiency.
This agreement to build a hydrogen plant is a significant step forward in the company's efforts to produce low-carbon aluminum. By using renewable energy sources to produce hydrogen, the company is demonstrating its commitment to sustainability and reducing its carbon footprint.
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Europe Aluminum Oxide Market Segmentation
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 20, 2024
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