HIGH ALUMINA AGGREGATE MARKET ANALYSIS
The global high alumina aggregate market was valued at US$ 422.6 Mn and is expected to reach US$ 582.2 Mn in 2030 exhibiting a CAGR of 4.09% during the forecast period 2023-2030.Rising need for lightweight body panels and improved load-bearing capabilities of light-duty commercial vehicles can help to drive the market growth. Moreover, increase the demand of alumina in food and beverages packaging sector in developing nations such as India and China which can help to propel the global high alumina aggregate market growth in forecast period.
Market Trends
Expand the alumina industry
Several competitions are available in the market which are used as substitute for alumina such as glass or plastics that can help to expand the alumina industry in forecast period. Moreover, the rapid growth of automobiles, building, and construction industries can help to drive market growth in upcoming years. The qualities of glass and plastics such as low weight, good strength, elasticity, good electrical and thermal conductance, resistance to corrosion, and permeability needed for alumina aggregate can help to boost the market growth over the forecast period.
Figure 1. Global High Alumina Aggregate Market Revenue Share (%), By Product, 2022
High Alumina Aggregate Market Report Snapshots
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