The global brown fused alumina market size is anticipated to showcase substantial growth in the forthcoming years due to rising demand for metal abrasives. This information is published by Fortune Business Insights in its report, titled "Brown Fused Alumina Market, 2022-2029". The product is a hard and sharp abrasive utilized especially for grinding materials and metals with high tensile strength. It is primarily utilized in the industry of manufacturing refractory products attributed to its exceptional thermal properties. The rising adoption of abrasive blasting methods for contaminant removal is augmenting significant market growth.
COVID-19 Impact
The constant lockdown across various major nations has resulted in logistic issues, storage issues, and production issues. Moreover, it also led to a scarcity of skilled labor across production units as massive migration took place during this timeline. For instance, by March 2020, U.S. steel production fell 12.7%, and the market experienced an explicit reduction in steel imports in January and February 2020. The post-pandemic situation is anticipated to promote the brown fused alumina growth substantially.
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Market Segmentation
Based on type, the market for brown fused alumina is segmented into dumping furnace and fixed furnace. By application, the market is segmented into sand blasting, free grinding, resin-bonded abrasives products, coated abrasives product, and other applications. Based on geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What Does the Report Contain?
The report has details on all the latest technology available in the brown fused alumina industry. The technological advances made in the industry has been highlighted and the potential opportunities associated with that. The report establishes the challenges of the market and advices various solution to them. It also mentions the growth stimulating factors, the restraints, consumption pattern, distribution channels, and all other vital information associated with the market.
Drivers & Restraints
Increasing Demand for Metal Abrasives to Favor Market Growth
The rising demand for different kinds of abrasives for several sectors such as metallurgical, industrial, and automotive is projected to boost brown fused alumina market growth. Moreover, the growing utilization of abrasive blasting methods like sandblasting to remove surface contaminants in industries is propelling sales in the market. In addition to these, several other applications of the product are contributing to revenue generation in the industry.
Also, rapid industrialization in countries such as India and China is substantially enhancing product development. The current consumption pattern is likely to pose profitable to the market shareholders.
Regional Insights
Widespread Demand for Alumina Products to Boost the Asia Pacific Market
Asia Pacific is anticipated to lead the brown fused alumina market share in the upcoming years. This is due to the large bauxite reserve in Australia for the production of alumina and its products. Also, the low labor cost in the region is promoting the production and sales of the product.
North America is expected to showcase substantial growth by 2028. This is owing to the high product demand for metal abrasion and is positively impacting the market.
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Competitive Landscape
Key Players to Focus on R&D to Facilitate Business Expansions
The fragmented structure of companies results in only a few prominent players in brown fused alumina industry. These players are focus on business expansion at the regional and global levels. This is due to the high-end products demanded from the various end-users. The technological innovation and developments in the market landscape is anticipated to expand the business horizon. Moreover, the market is experiencing several collaborations, partnership, acquisition, and others in recent years. Expansion of production facilities as well as distribution channels is contributing significantly to the market growth.
List of Key Players Profiled in the Market:
- Orient Abrasives
- LKAB Minerals
- RuiShi Group
- Washington Mills
- CUMI Electro Minerals
- Electro Abrasives
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