The global tabular alumina market is forecast to grow at a CAGR of 7.32% during the period 2017-2021.
The report, Global Tabular Alumina Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in the market is the increasing demand from oil and gas industry. Tabular alumina is increasingly being used in the oil and gas industry due to critical and high-temperature applications. High mechanical strength, thermal shock resistance, low porosity, smooth surface, and ability to resist a temperature of +1,900C have increased the demand for tabular alumina in oil and gas applications.
According to the report, one driver in the market is the increasing application in refractories. Tabular alumina is used in several high-temperature applications. Owing to its unique microstructure and high purity, tabular alumina offers significant advantages over other high alumina aggregates, which are used in the formulation of shaped and unshaped refractories. Tabular alumina showcases high chemical resistance to acidic and basic corrosive media and provides high abrasion resistance to the product. High purity T60/64 grade tabular alumina offers high thermomechanical properties to refractory products.
Further, the report states that one challenge in the market is the high production cost. The price of tabular alumina is determined by several factors such as the price of calcined alumina, utilities, power, handling costs for material, and rising demand owing to the constant growth in end-user segments. Several other factors such as the economic performance of China and fluctuation in energy cost will have an impact on the price of tabular alumina. Asia is a crucial region for the supply of tabular alumina. Thus, the prices from Chinese manufacturers are likely to be relatively lower than the price offered by North American and European suppliers.