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Global Aluminum Oxide Market 2018–2022
The analysts have predicted that the aluminum oxide market will register a CAGR of almost 5 % by 2022. Owing to features such as high chemical resistance and dimensional stability at high temperatures, aluminum oxide is used extensively as a refractory material in the production of metals such as iron, steel, and aluminum. Aluminum oxide prices are primarily dependent on the availability and pricing of bauxite ore, from aluminum oxide is extracted. This has resulted in a rapid rise in aluminum oxide prices. The fluctuations in aluminum oxide prices are expected to pose a significant threat to the growth of the market during the forecast period. For the detailed list of factors that will drive and challenge the growth of the aluminum oxide market during the 2018–2022 view this report. The global aluminum oxide market is moderately concentrated due to presence of few vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies. The analyst recognizes the following companies as the key players in the global aluminum oxide market: Alcoa, Aluminum Corporation of China, BASF, Sumitomo Chemical, and United Company RUSAL. www.researchandmarkets.com/publication/mx4vpxp/4744692