The Global Aluminum Oxide Market is Anticipated to Observe Significant Growth

Aluminum oxide commonly called as alumina and also known as aloxide, aloxite, or alundum depending on particular forms or applications. Aluminum oxide is a chemical compound with the formula Al2O3. It is soluble in water and slightly soluble in alkali and acids.

Some of the key application of aluminum oxide includes filler, glass, catalysis, purification, abrasive, paint, composite fiber, and abrasion protection.  It is also used as a component in cutting tool. Moreover, aluminum oxide is widely used phosphate remover. It is a chemical compound of oxygen and aluminum and a commonly occurring oxide.

Rising pharmaceutical industry growth along with growing demand from other applications is projected to drive growth of this market over the forecast period. The global aluminum oxide market is anticipated to observe significant growth over the forecast due to growing demand from ceramic industries for manufacturing porous ceramics. Exposure to aluminum oxide causes health concerns. This factor may curb the growth of aluminum oxide market.

The aluminum oxide market is segmented on the basis of application into pharmaceutical industry, ceramic industries and others. Other applications include fillers for plastics, purifier to remove water from gas streams.

Major regional segments include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. Asia Pacific and North America dominated the aluminum oxide market in 2015.