Alumina Sol Market Size, Share, Growth, and Industry Analysis, By Particle Size (Under 20 nm, 20-50 nm, 50-100 nm and above 100 nm), By Application (Catalysts, Refractories, Aluminosilicate Fiber, and Others), Regional Insights and Forecast From 2025 To 2033

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ALUMINA SOL MARKET OVERVIEW

The global alumina sol market size is estimated to be USD 0.23 billion in 2024 and market is projected to touch USD 0.35 billion by 2033, exhibiting a CAGR of 4.7% during the forecast period.

Alumina sol is a colloidal solution of alumina colloidal particles dispersed in water. It is milky white or slightly yellow granular or paste in appearance. Since the colloidal particles are fine, they have a considerable specific surface area and chemical activity. It is much more feasible to form new alumina composites with relevant components. It can be used together with silica sol or used alone. It has a wide range of applications in various industrial fields.

Alumina sol has low erosion levels, high temperature resistance, corrosion resistance, and bio-inertness. It is especially well suited for high temperature applications, such as thermocouple protection in high temperature measurement, as it has high temperature stability and thermal conductivity. It is used majorly as high voltage insulators, electronic substrates, high temperature electrical insulators. It also acts as an effective catalyst.

COVID-19 IMPACT

Increasing Demand Boosted Market Growth

COVID-19 had a life changing impact globally. The global alumina sol market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for alumina sol experienced a spike.

The novel corona virus significantly increased the demand for refractories. Without cement and aluminum poles to erect tents, it would be impossible to build temporary hospital sites. Electricity in these sites were generated through combustion operations used by refractories. Refractories were necessary for even the world's food supply. All of the cans, bottles, plastics, and paper that are used to package, preserve, and transport food are made using refractory materials. This boosted the global alumina sol market size drastically.

However, several industries faced a downfall in demand during the pandemic. This was caused by the halt of industrial work during the pandemic. The complete lockdown and closure of the industrial work caused a major problem to the global alumina sol market. The companies that provided very few services and end users suffered. Due to the lockdown and social distancing norms, major corporations had temporarily ceased operations in many regions.

LATEST TRENDS

Research Developments to Boost Market Size

IOP Science recently published findings of an experiment conducted on preparation of alumina sols with high solid content for alumina fibers. In the experiment, alumina precursor sols used for preparing alumina fibers were synthesized by dissolving aluminum powder into a mixture of formic acid, acetic acid and deionized water. The experiment resulted in a colorless and transparent alumina sol with the highest solid content. Continuous green fibers were obtained successfully using the alumina sol prepared.

A conference paper on synthesis of alumina sol in the removal of copper ions from the solution was studied. For the experiment, 2 different phases of alumina sol nanoparticles were successfully synthesized. The amorphous gel was then dried and sintered. The efficiency of the synthesized alumina nanoparticles as an adsorbent was tested by immersing the powder into copper ions solution. The experiment concluded that the efficiency of alumina sol nanoparticles was depending on the particle size at high temperatures.

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ALUMINA SOL MARKET SEGMENTATION

By Type

Based on particle size, the market is divided into Under 20 nm, 20-50 nm, 50-100 nm and above 100 nm.

Under 20 nm holds a major share of the global market in terms of Particle Size.

By Application

Based on application, the market is bifurcated into Catalysts, Refractories, Aluminosilicate Fiber, and Others.

Catalysts as application holds a major share of the global market.

DRIVING FACTORS

Enhancing Castables Quality to Boost Market Share

The global alumina sol market size is expected to grow during the forecast period owing to quality it adds to castables. The American Ceramic Society prepared alumina sol from inorganic precursors and characterized for its solid content. The sol was used as the only binder in high alumina refractory castables. The castables were processed conventionally and featured for physical and mechanical properties after heat treatment at various temperatures.

Growing Need for Refractories to Boost Market Size

Refractories have proved essential during all times. Refractories are necessary for even the world's food supply. All of the cans, bottles, plastics, and paper that are used to package, preserve, and transport food are made using refractory materials. According to the global hunger index 2020, nearly 690 million people are undernourished due to lack of access to food. The building of these refractories will prove essential in eliminating world hunger. The global alumina sol market is expected to grow gradually owing to this.

RESTRAINING FACTORS

Long Processing Times to Hamper Market Growth

There are a few factors that are expected to hamper the global alumina sol market. The cost of raw materials is high. There is often a huge loss of volume during the shrinkage and drying process while removing the organics. The process of making it is tediously long. These factors make the usage of alumina sol unfavorable. The process often confounds ceramists, hence they avoid the usage of alumina sol.

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ALUMINA SOL MARKET REGIONAL INSIGHTS

Asia Pacific Dominates the Market as Major Shareholder

APAC region is dominant of the global alumina sol market in the forecast period. The rise is owing to the growing demand for refractories in packaging applications in the food industry. The manufacturing industry for this market is majorly concentrated in this region owing to the low labor cost and the availability of raw resources. In addition, various packaging manufacturing companies establish their base in these developing economies to reduce trading cost and improve their economies of sales. North America is the second major shareholder for the global alumina sol market share.

KEY INDUSTRY PLAYERS

Leading Players adopt Acquisition Strategies to Stay Competitive

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Top Alumina Sol Companies

• Nissan Chemical [Japan]
• Sasol Performance Chemicals [South Africa]
• Zibo Jiarun [China]
• Hanzhou Zhihuajie [China]
• Kawaken Fine Chemicals [Japan]
• JGC Catalysts and Chemicals [Japan]
• Hangzhou Veking [China]
• Zibo Jinqi [China]
• Beijing Yataiaohua [China]
• Zibo Senchi [China]
• Nyacol Nanotechnologies [U.S.]
• Ranco [U.S.]
• Wesbond [U.S.]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.