According to Fortune Business Insights the global spherical alumina market size was valued at USD 462.4 million in 2023. The market is projected to grow from USD 499.3 million in 2024 to USD 965.8 million by 2032, recording a CAGR of 8.6% during the forecast period of 2024-2032. Spherical alumina refers to particles shaped in a spherical form. Its physical shape plays a key role in improving its properties, such as packing density, flowability, and surface area as compared to other alumina particles that are irregularly shaped. The increasing use of this product in several applications, such as in abrasive & polishing applications, as a support material in catalysis, and as a filler in ceramics & polymers will accelerate the market’s growth.
Fortune Business Insights™ displays this information in a report titled, "Spherical Alumina Market, 2024-2032."
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Spherical ALumina Market Segmentation Analysis:
Unique Set of Lucrative Properties Helped 1-30µm Segment Dominate Market
Based on type, the market is classified into 1-30µm, 30-80µm, 80-100µm, and others. The 1-30 µm segment dominated the market in 2023 as the particles of spherical alumina in this particle size have several attractive properties, such as high thermal conductivity and small and uniform size. These features make the product ideal for several industrial applications.
High Thermal Conductivity Increased Product Use in Thermal Interface Materials
In terms of application, the market is segmented into thermal interface materials, thermally conductive plastics, high thermal conductive AI base CCL, alumina ceramic substrate surface spraying, and others. The Thermal Interface Materials (TIMs) segment dominated the global spherical alumina market share in 2023 as this form of alumina is being extensively used due to its excellent thermal conductivity.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
LIST OF KEY COMPANIES PROFILED IN THE REPORT