Top 13 Aluminum Oxide Companies in the World

The global aluminum oxide market size reached US$ 6.0 Billion in 2023. The market is primarily driven by the increasing use of aluminum oxide to remove toxic pollutants due to the rising environmental pollutants. In addition, the rising product adoption in bearings of hip replacements, bionic implants, tissue reinforcements, dental crowns, prosthetic eye substitutes, abutments, bridges, and other dental implants represent another major growth-inducing factor. Besides this, the high melting and boiling points and the excellent thermal resistive properties of aluminum oxide are accelerating its sales to manufacture high-temperature furnace insulations and electrical insulators.

As per the analysis by IMARC Group, the top aluminum oxide companies are collaborating and forming alliances to focus on commercialization and large-scale production. They are also investing in research and development activities to develop new applications for aluminum oxide, such as in the automotive and aerospace industries. Additionally, they are working on increasing their production capacities, enhancing efficiency and reducing environmental impact. For instance, in June 2022, Alcoa announced a USD 51 Million project to increase production capacity at its plant in Mosjoen, Norway. With this investment, the company wants to increase to 214,000 Tons by the end of 2026. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2032, exhibiting a CAGR of 4.8% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Aluminum Oxide market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Aluminum Oxide Industry:

The global aluminum oxide market has several major players, including Alcoa Corporation, Aluminum Corporation of China Limited, BASF SE, Cabot Corporation, Evonik Industries AG, Hangzhou Jinjiang Group Co. Ltd., Honeywell International Inc., J.M. Huber Corporation, Merck KGaA, United Company Rusal Plc, Sasol Limited, Sumitomo Chemical Co. Ltd. and W.R. Grace & Co. More information about these companies has been provided below. 

1. Alcoa Corporation

Alcoa Corporation is one of the world's leading producers of aluminum and aluminum oxide. The company operates in various segments of the aluminum value chain, including bauxite mining, alumina refining, and aluminum smelting. It also produces a wide range of aluminum products, including sheets, plates, rods, and extrusions for various industries such as aerospace, automotive, packaging, and construction. Presently, Alcoa Corporation has a global presence with operations and offices in various countries around the world.

2. Aluminum Corporation of China Limited

The Aluminum Corporation of China Limited (Chalco) is a leading state-owned enterprise in China and one of the largest integrated aluminum producers in the world. It is primarily engaged in the mining of bauxite, the refining of alumina (aluminum oxide), and the production of primary aluminum. Chalco has diversified its product portfolio and expanded into downstream industries. The company produces a range of aluminum products, including flat-rolled products, extrusions, foil, and precision castings. It also engages in the production of alumina-based chemicals, such as alumina hydrate and alumina-based industrial ceramics.

3. BASF SE

BASF SE is a multinational chemical company and one of the largest chemical producers in the world. It operates in various sectors, including chemicals, plastics, performance products, agricultural solutions, and oil and gas and offers a diverse range of products and solutions. Some of its key product areas include chemicals, plastics, performance products including catalysts, coatings, and additives, agricultural solutions including crop protection products and seeds, and oil and gas. Besides this, BASF operates production sites, research and development facilities, and sales offices in numerous countries around the world.

4. Cabot Corporation

Cabot Corporation is a global specialty chemicals and performance materials company. It offers a wide range of products that are used in various industries, including automotive, construction, energy, electronics, and consumer goods. It also produces a diverse portfolio of products, including carbon black, fumed silica, inkjet colorants, aerogel, cesium formate, and more. Carbon black is one of Cabot's primary products and is widely used as a reinforcing filler in tires and industrial rubber products. At present, the company serves customers in North America, Europe, Asia-Pacific, Latin America, and the Middle East.

5. Evonik Industries AG

Evonik Industries AG is a global leader in specialty chemicals, operating in various sectors such as nutrition and care, resource efficiency, and performance materials. The company's products and solutions are used in a wide range of industries, including automotive, coatings, construction, healthcare, personal care, and more. Evonik operates in three main business segments namely, Nutrition and Care, Resource Efficiency, and Performance Materials. Besides this, the company serves customers in more than 100 countries, enabling it to cater to regional market needs and provide technical support and customer service on a global scale.

6. Hangzhou Jinjiang Group Co. Ltd.

Hangzhou Jinjiang Group Co. Ltd, commonly known as Jinjiang Group, is a Chinese conglomerate with diverse business interests. The company operates in various industries, including real estate, tourism, finance, logistics, and more. It is one of the largest state-owned enterprises in Zhejiang Province. The company owns and manages a portfolio of hotels and resorts across China, catering to both domestic and international travelers. In addition, Jinjiang Group has interests in the financial sector. It operates financial services companies that provide banking, insurance, asset management, and other financial products and services.

7. Honeywell International Inc.

Honeywell International Inc. is a multinational conglomerate company based in the United States. Honeywell offers advanced materials, process technologies, and automation solutions for various industries. This includes chemicals, specialty materials, refining technologies, catalysts, and other products used in sectors such as automotive, oil and gas, and electronics. It provides a wide range of safety products, personal protective equipment, security solutions, and productivity-enhancing technologies for industrial and commercial applications. Moreover, the company has a global presence and serves customers in over 150 countries.

8. J.M. Huber Corporation

J.M. Huber Corporation is a global supplier of specialty chemicals, engineered materials, and other products. It operates in various industries, including construction, personal care, food and beverage, agriculture, energy, and more. It offers specialty chemicals, minerals, and additives used in a wide range of applications, such as coatings, plastics, construction, and personal care products. It also manufactures advanced building materials, including specialty wood panels and adhesives, used in construction and renovation projects. Besides this, J.M. Huber Corporation has a global footprint, with manufacturing facilities, research and development centers, and sales offices in multiple countries.

9. Merck KGaA

Merck KGaA, commonly known as Merck Group, is a leading global science and technology company that operates in the fields of healthcare, life sciences, and performance materials. It provides pharmaceutical products and solutions and a wide range of products and services to support scientific research and biopharmaceutical manufacturing. Moreover, the company’s performance materials division offers high-tech materials and specialty chemicals for various industries. These include liquid crystals for displays and electronics, effect pigments for coatings and cosmetics, functional materials for the automotive and construction sectors, and solutions for the semiconductor industry.

10. United Company Rusal Plc

United Company Rusal Plc, commonly known as RUSAL, is one of the world's largest aluminum producers in the world. It specializes in the production and distribution of aluminum and alumina products. The company operates a network of production facilities located in several countries, including Russia, Guinea, and Ireland. These facilities encompass mining operations for bauxite, alumina refineries, and aluminum smelters. RUSAL also has a diverse portfolio of production assets, enabling it to supply various aluminum products to customers worldwide.

11. Sasol Limited

Sasol Limited is a global energy and chemical company, operating in various sectors, including energy, chemicals, and synthetic fuels.  It is involved in the production of liquid fuels, gas, and electricity. It also produces a variety of chemicals, including base chemicals, polymers, solvents, and specialty chemicals. These products serve industries such as agriculture, automotive, construction, consumer goods, mining, and others. Moreover, Sasol operates in multiple countries, including South Africa, Mozambique, Germany, Canada, the United States, and others.

12. Sumitomo Chemical Co. Ltd.

Sumitomo Chemical is engaged in the development, manufacturing, and sale of a wide range of chemical products. It operates in various sectors, including petrochemicals, energy and functional materials, IT-related chemicals, health and crop sciences, and pharmaceuticals. It offers basic petrochemicals, such as ethylene, propylene, and their derivatives, chemicals and materials used in the electronics and IT industries, agrochemicals, pharmaceuticals, and animal nutrition products. Presently, Sumitomo operates globally with a presence in various regions, including Asia, the Americas, Europe, and Africa

13. W.R. Grace & Co

W.R. Grace & Co., commonly known as Grace, is a global specialty chemicals and materials company. The company’s catalysts technologies segment provides catalysts and related products used in refining, petrochemical, and other chemical manufacturing processes. It also offers chemicals and materials, including concrete admixtures, specialty mortars, waterproofing systems, and fire protection solutions. Besides this, W.R. Grace & Co. has a global presence with manufacturing facilities, research centers, and sales offices located in multiple countries. The company serves customers in various industries worldwide and has a strong commitment to customer service and technical support.

Get an inside look at the global aluminum oxide market with exclusive insights, including:

• CAGR projections during the 2023-2028 forecast period,
• In-depth information on the factors that will fuel the global aluminum oxide market growth in the next five years.
• Precise predictions regarding upcoming trends and potential changes in consumer behavior
• Analysis of the global aluminum oxide industry's expansion at the global level.
• A thorough review of the market's competitive landscape and detailed information on key players
• Detailed explanations of the challenges that could impede the growth of the global aluminum oxide market.

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