High Alumina Aggregate is fastest growing segment fueling the growth of High Alumina Aggregate Market

 


The global High Alumina Aggregate Market is estimated to be valued at US$ 439.88 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:

High alumina aggregate products are non-metallic aggregates made from bauxite and alumina. They have high refractoriness and are used as basic raw materials in the production of refractory bricks and monolithics used under very high temperature conditions.

Market key trends:

High alumina aggregate plays a key role in high-temperature insulation, corrosion resistance and lightweight construction in refractory industries. One of the key trends in the market is the increasing use of high alumina aggregate in steel industries. Steel production requires extreme operating temperatures over 1500°C which damage traditional construction materials. High alumina aggregate provides thermal resistance and insulation at such high temperatures thereby increasing the lifespan and reducing maintenance costs of steel plants and allied equipment. Furthermore, growing steel production across regions such as Asia Pacific and Middle East is expected to drive the growth of high alumina aggregate consumption over the forecast period.

Segment Analysis

The Global High Alumina Aggregate Market Size is segmented based on particle size into coarse aggregate and fine aggregate. The coarse aggregate segment is expected to dominate the market over the forecast period owing to its widespread usage in applications like refractory castables, mortars and gunning mixes. Coarse aggregates provide high mechanical strength and thermal shock resistance which makes them ideal for applications requiring heavy duty performance.

Key Takeaways

The global high alumina aggregate market is expected to witness high growth, exhibiting CAGR of 4.0% over the forecast period, due to increasing demand from refractory industry.

Regional analysis

Asia Pacific region is expected to be the fastest as well as dominating region in the global high alumina aggregate market owing to presence of large refractory production bases and growing infrastructure development activities in developing economies of China and India.

Key players
Key players operating in the high alumina aggregate market are Zhengzhou Rongsheng Refractory CO, LTD, Shanxi Guofeng Ruineng Refractory Co., Ltd., Orient Abrasives Ltd., Henan Lite Refractory Material Co. Ltd., Almatis, Kerneos, Cimsa, Calceum, Fengrun Metallurgy Material, RWC, and Caltra Nederland. The global high alumina aggregate market is moderately consolidated with top players accounting for over 50% of the market share.

Read Our More Blogs : https://www.rapidwebwire.com/alumina-aggregate-market-size-share-analysis-2023-2030/    

Comments

Post a Comment

Popular posts from this blog

Macrophage Marker Market Poised to Grow at a Robust Pace Due to Rising Demand in Medical Diagnostics

Image
  The macrophage marker market has witnessed significant growth in recent years owing to the growing applications of macrophage markers in medical diagnostics. Macrophage markers are proteins or cell surface receptors that are expressed by macrophages and are used to identify and study macrophages and their functions. Some of the key macrophage markers include CD14, CD68, CD163, CD206, and LAMP-3. These markers play a vital role in studying the functions of macrophages in various diseases like cancer, inflammatory disorders, and infectious diseases. The global macrophage marker market is estimated to be valued at US$ 295.15 million in 2024 and is expected to exhibit a CAGR of 2.7% over the forecast period of 2024-2030. The growing prevalence of various chronic and infectious diseases and increase in R&D spending for drug discovery are some of the key factors driving the demand for macrophage markers in recent years. Macrophage markers help in evaluating disease progression, d...
Read more

The global Cancer Diagnostics Market is growing at an accelerated pace

Image
  Cancer diagnostics involve various tests and procedures used to detect different types of cancers as early as possible to help improve treatment outcomes. From simple blood tests and imaging scans to biopsies and molecular testing, cancer diagnostics help doctors determine if an individual has cancer, where it is located in the body, if it has spread, and other important information. The growing incidences of various cancers like breast, lung, prostate and colorectal cancer globally have increased the demand for advanced and effective diagnostic procedures. Early detection is critical for cancers to treat them effectively and improve chances of survival. The global Cancer Diagnostics Market is estimated to be valued at US$ 59.1 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Immunohistochemistry is one of the key diagnostic trends gaining popu...
Read more

The Global Boat Accumulator Market Growth Is Accelerated By Increasing Consumer Spending

Image
  Boat accumulators or batteries are sealed lead acid batteries that provide starting power and deep cycle power for boats. They are essential for powering marine electrical systems, motors, navigation lights, bilge pumps and other onboard appliances. The growing marine tourism and recreational boating activities have increased the demand for boats and yachts over the years. This has propelled the boat accumulator market. The global Boat Accumulator Market is estimated to be valued at US$ 266.66 Mn in 2023 and is expected to exhibit a CAGR of 2.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing consumer spending on recreational boating activities has been a major driver for the boat accumulator market over the past decade. The number of recreational boats sold globally has increased steadily with the rise in disposable incomes and leisure time among consumers. Countries like the United S...
Read more