The global activity alumina bubbles market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). Activity alumina bubbles are hollow spherical bubbles synthetically made of a product similar to aluminum oxide high purity alumina using an electric arc furnace. The major factor attributing to the growth of the global activity alumina bubbles market is the increasing application of activity alumina bubbles in refractories. Refractories are used in making crucibles and molds for casting glass and metal products. Another use of refractories is for making surface flame deflector systems for rocket launching stations. There are several developments done on space missions across the globe. According to the orbital launch summary by Space Launch Report, around 360 rocket launches were done between 2019 to 2021. These rocket launches required a high amount of refractory material including alumina bubbles for deflecting surface flames during the launch.
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In addition, several new developments in activity alumina bubbles are also the reason for increasing the demand for activity alumina bubbles as a refractory material. According to a study published on AZO Materials in December 2021, several reinforcement materials including alumina bubbles are efficient in toughening recycled devulcanized rubbers. This will provide the effective recycling of waste rubbers with various benefits including sustainable application and cost-effectiveness. Furthermore, there are several other refractory materials including magnesia and silica. However, activity Illumina bubbles are preferred more due to several benefits offered by them. The benefits include chemically inert, very low bulk density, extremely low thermal conductivity, high wear-resistance, superior insulating properties, and high hardness.
The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in February 2019, Dalmia OCL, the refractory business of Dalmia Bharat Group has acquired a Germany-based GSB Group. This acquisition will help Dalmia OCL to expand its business of steel and refractory making in Europe. Similarly, in September 2019, Orient Refractories acquired the assets of Manishri Refractories & Ceramics Pvt. Ltd.. These assets include the plant and machinery of Manishri Refractories situated in Baichuana, Orissa, India. The acquired assets will provide Orient Refractories to diversify its existing product line by adding new products including Magnesia Carbon brick, activity alumina bubbles, and others.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Washington Mills Electro Minerals Ltd., Alteo Entities, Imerys S.A., Zircar Refractories Ltd., and KT Refractories US Co., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Activity Alumina Bubbles Market Report by Segment
By Application
- Refractories
- Binders
- Loose Fill Materials
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