The global tabular alumina market size is expected to grow by 155.90 thousand MT during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters with a limited impact on the full-year economic growth.
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Technavio has announced its latest market research report titled Global Tabular Alumina Market 2020-2024 (Graphic: Business Wire)
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Tabular alumina is used in numerous high-temperature applications due to its unique microstructure and high purity. Some of the key properties of tabular alumina include high density, low water absorption, extreme hardness, chemical inertness, high thermal conductivity, high resistance to thermal and mechanical shock, and excellent abrasion resistance. All these factors have contributed to the high demand for tabular alumina in various refractory applications across end-user industries such as iron and steel, cement, petrochemical, foundry, nonferrous metallurgy, glass, and incineration. Thus, the growing use of tabular alumina in several applications is expected to drive the growth of the global tabular alumina market during the forecast period.
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As per Technavio, the increasing use of tabular alumina in absorbents and desiccants will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Tabular Alumina Market: Use of Tabular Alumina in Absorbents and Desiccants
Tabular alumina is used as an adsorbent and desiccant across various end-user segments such as oil and gas, construction, petrochemicals, pharmaceuticals, refractories, and water treatment plants. Desiccants are basically used to remove excessive humidity which can generally degrade or destroy products that are sensitive to moisture. Tabular alumina balls can be used as desiccant bed supports. Adsorbents are chemicals that are typically used across industries for the purification process. Thus, the increasing use of tabular alumina as abosorbents and desiccants will drive the growth of the market.
"Other factors such as the growth of the cement industry, and surging demand for tabular alumina in APAC will have a significant impact on the growth of the tabular alumina market value during the forecast period," says a senior analyst at Technavio.
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Tabular Alumina Market: Segmentation Analysis
This market research report segments the tabular alumina market by application (refractory, abrasives, and oil and gas) and geography (APAC, Europe, North America, MEA, and South America).
The APAC region led the tabular alumina market share in 2019, followed by Europe, North America, MEA, and South America respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to the increasing focus on reviving oil and gas production projects.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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