Alumina Market Present Scenario And The Growth Prospects 2024

The rising demand for this versatile metal, the alumina market is expected to grow to $54,907.3 million by 2024, at a CAGR of 2.2% between 2019 and 2024. The oxide is available in several forms, viz. calcined, tabular, metallurgical, reactive, and fused. Of these, the metallurgical type has witnessed the heaviest consumption till now, because it is used specifically to derive aluminum metal, the requirement for which has been rising around the world. In the years to come, the usage of refractory-grade Al2O3 is predicted to surge the fastest.

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Alumina Market Trends | Growth Forecast Report, 2024
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Alumina Market Trends | Growth Forecast Report, 2024

Alumina market is expected to register a value CAGR of 2.2% and a volume CAGR of 3.0% till 2024. The growth can be primarily attributed to the low cost of alumina
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