Colloidal Alumina Market Size & Share, by Application (Catalyst, Refractories, Aluminosilicate Fiber); Type (Under 20nm, 20-50nm, 50- 100 nm, Above 100 nm); End-user (Textile, Inorganic Fiber, Ceramic & Refractory) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5548
  • Published Date: Jan 19, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Colloidal Alumina Market size is poised to cross USD 1.77 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024- 2036. In the year 2023, the industry size of colloidal alumina was over USD 880 Million.

Colloidal alumina is a key component in the precision polishing industry, especially in sectors such as semiconductors and optics. With semiconductor sales reaching USD 618 billion in 2022, there was a high demand for colloidal alumina for precision polishing. As the demand for high-quality finishing increases, so does the demand for colloidal alumina. With advancements in technology, the need for superior finishing is becoming more prominent, resulting in a further rise in demand for this material.  Colloidal alumina is known for its ability to produce a smooth, scratch-free surface and is used in the final stages of polishing to achieve a high level of accuracy and precision. Therefore, it is expected that the demand for colloidal alumina will continue to grow in the coming years in these industries.

In addition, the use of colloidal alumina as a catalyst support is increasing in the oil and gas industry, which is contributing to the growth of the colloidal alumina market. The demand for catalysts made with colloidal alumina is particularly driven by the expanding petrochemical and refinery sectors, especially in emerging economies, which is further boosting the market.


Colloidal Alumina Market
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Colloidal Alumina Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 6%

Base Year Market Size (2023)

~ USD 880 Million

Forecast Year Market Size (2036)

~ USD 1.77 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Colloidal Alumina Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Utilization in the Automotive and Manufacturing Sector- The automotive and manufacturing sectors leverage colloidal alumina in catalyst formulations, aiding in various processes such as catalytic converters and manufacturing of advanced materials. These devices are currently installed in more than 98% of new cars sold worldwide each year.  The growth of these industries, particularly in regions experiencing industrial expansion, contributes significantly to the increased demand for colloidal alumina in catalyst applications, driving overall colloidal alumina market growth.
  • Environmental and Wastewater Treatment Applications- The emphasis on environmental sustainability has led to the adoption of colloidal alumina in eco-friendly applications, especially in wastewater treatment. Colloidal alumina’s properties make it effective in water purification processes, Stringent environmental regulations and a growing awareness of the importance of clean water contribute to the sustained demand for colloidal alumina in environmental applications.
  • Technological Advancements and Research Initiatives- Ongoing research and development activities in the field of materials science and nanotechnology drive technological advancements in colloidal alumina applications. Continuous innovation in manufacturing processes and product formulations enhances the material’s properties, expanding its potential applications and contributing to the market’s growth.
  • Global Push for Green Technologies- The global push for sustainable and green technologies has increased the demand for eco-friendly materials, including colloidal alumina. As industries strive to reduce their environmentally friendly applications, such as water treatment and catalysts, positions it as a preferred choice, fostering growth in line with sustainable development goals.

Challenges

  • Raw Material Cost Fluctuations- The colloidal alumina market is sensitive to fluctuations in raw material costs, particularly aluminum oxide. Variability in the prices of key raw materials can impact production costs, affecting the overall pricing of colloidal alumina products. This challenge requires market participants to implement effective cost management strategies and explore alternative sourcing options to mitigate the impact of raw material cost fluctuations.
  • Stringent environmental norms & and regulatory compliance are restricting the market’s growth.
  • High competition from alternative materials in various applications poses a challenge to the colloidal alumina market.


Colloidal Alumina Segmentation

Application (Catalyst, Refractories, Aluminosilicate Fiber)

The catalyst segment is expected to hold 54% share of the global colloidal alumina market by 2036. The growth of this segment is primarily attributed to the material’s exceptional catalytic properties. Colloidal alumina serves as a catalyst support, facilitating various chemical processes in industries such as automotive, petrochemicals, environmental regulations, and sustainable practices, the utilization of colloidal alumina in catalyst formulations grows, driving expansion within the market. As observed by Research Nester analysts, more than 60% of products and 90% of processes in the petrochemical sector were based on catalysis, this presented prospective opportunities for the segment’s growth.

Type (Under 20nm, 20-50nm, 50- 100 nm, Above 100 nm)

Colloidal alumina market from the under 20 nm segment is estimated to garner significant revenue share by the end of 2036. The segment is attributed to growth owing to increasing demand for ultra-precision applications, especially in the semiconductor and electronics industries. With the continuous trend towards smaller and more advanced electronic components, colloidal alumina with particle sizes under 20 nm proves crucial in achieving nanoscale precision in polishing and manufacturing processes. This segment’s growth is driven by the need for enhanced performance and efficiency in cutting-edge technologies requiring extremely fine abrasives for optimal results.

Our in-depth analysis of the global colloidal alumina market includes the following segments:

            Application

  • Catalyst
  •  Refractories
  • Aluminosilicate Fiber

            Type

  • Under 20nm
  • 20 – 50 nm
  • 50-100nm
  • Above 100 nm

            End-User

  • Textile
  • Ceramic and Refractory
  • Inorganic Fiber

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Colloidal Alumina Industry - Regional Synopsis

North American Market Forecast

North America colloidal alumina market is expected to hold 42% of the revenue share by 2036. The region reflects a dynamic landscape driven by diverse industrial applications. The robust growth of the region’s electronics and semiconductor industries fuels substantial demand for colloidal alumina in precision polishing and semiconductor manufacturing processes. The consumer electronics sector in North America garnered a revenue of USD 160 billion in 2023, whereas the semiconductor industry is poised to hold a revenue of USD 120 billion by the end of 2024. The growth in the following market is creating significant market opportunities for the market in the region.  Additionally, the material finds extensive use in catalyst formulations within the automotive and petrochemical sectors. The North American market is characterized by a growing emphasis on environmental sustainability, leading to increased adoption of colloidal alumina in eco-friendly applications such as wastewater treatment.  Overall, the market in North America is poised for continued expansion, driven by technological advancements, stringent quality standards, and persistent demand for high-performance materials across various industries.

European Market Statistics

European colloidal alumina market is attributed to exhibit a significant market share shaped by diverse industrial applications and sustainability initiatives. The region’s advanced manufacturing sector, particularly in the electronics and automotive industries, fuels the demand for colloidal alumina in precision polishing, semiconductor manufacturing, and catalyst formulations. Europe’s commitment to environmental sustainability amplifies the use of colloidal alumina in eco-friendly applications like water treatment. Additionally, ongoing research and development efforts, coupled with a focus on green technologies, position Europe at the forefront of innovation in colloidal alumina applications. With a balanced approach to economic growth and environmental responsibility, the European colloidal alumina market continues to grow, driven by technological advancements and a persistent demand for high-performance materials across various industries.

Research Nester
Colloidal Alumina Market size
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Companies Dominating the Colloidal Alumina Landscape

top-features-companies
    • Wesbond Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • NYACOL® Nano Technologies Inc.
    • Sasol Limited
    • Robertshaw Controls Company 
    • Nabaltec AG
    • Baikowski SA
    • Almatis B.V.
    • J.M. Huber Corporation
    • BASF SE
    • RUSAL
    • Solvay S.A.

In-the-news

In The News

  • NYACOL® Nano Technologies, Inc. introduced a new grade of highly pure colloidal alumina made using cutting-edge design and technology. NYACOL AL27 is a 20% Al2O3 boehmite dispersion with dispersed particle sizes ranging from 60 to 90 nm. The substance has applications in precision polishing, paper coating, catalyst formulation, high-temperature refractories, and ceramics as a binder.
  • The commercial triethyl aluminum (TEAL) business of Sasol, along with its unique fleet of returnable cylinders, has been agreed to be acquired by Nouryon. A metal alkylating agent called TEAL is utilized in the manufacturing of high-volume polymers like polypropylene and polyethylene.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5548
  • Published Date: Jan 19, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Utilization in automotive and manufacturing industries, increasing demand in environmental and wastewater applications, technological advancements, and research initiatives are some of the major growth drivers for the colloidal alumina market.

The market size of colloidal alumina is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are NYACOL® Nano Technologies Inc., Sasol Limited, Robertshaw Controls Company, Nabaltec AG, Baikowski SA, Almatis B.V., J.M. Huber Corporation, BASF SE, RUSAL, Solvay S.A. and others.

The Catalyst segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Colloidal Alumina Market Report Scope
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