Continuity of demand for Alumina Slurry is expected to remain

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Seoul, South Korea, July 28, 2022 (GLOBE NEWSWIRE) — The Global Alumina Slurry Market is projected to grow rapidly at a CAGR of 8.5% from 2022 to 2032 according to the latest report by Fact.MR, a provider of market research and competitive intelligence.

Ever increasing demand from the electronics industry and an observed shift towards electric vehicles will drive the growth of the semiconductor industry. Because of this, Fact.MR predicts that the market valuation of alumina mud will reach $1.2 billion by the end of 2032.

The revenue of the semiconductor industry is estimated at US$614 billion in 2022, mainly due to the high demand for smartphones, tablets and other electronic devices in recent years. As the demand for sophisticated, high-tech, and energy-efficient chips continues to grow, so too is the demand for the alumina slurry used in the processing of these high-value chips, increasing at a rapid pace.

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EV sales have also surged in the post-pandemic era, and semiconductor sales to the auto industry have skyrocketed as a result. In the quest for lightweight and super-fast cars, composites have started to replace traditional materials and are combined with sensors for intelligent monitoring. These vehicles continue to be the second most important contributor to market revenue as alumina sludge is used in both the manufacture and maintenance of these vehicles.

The growth of the global alumina slurry market is being driven by the semiconductor sector. Rising sales of smartphones and tablets have boosted demand for semiconductors worldwide. Virtually all electronic devices and goods today use semiconductors and microchips, which require precise processing.

Which application surface has emerged as a target segment for alumina slurry suppliers?

Alumina slurry continues to be the solution of choice for polishing a wide range of materials including ceramics, C-plane sapphire, ferrous metals and aluminum to name a few.

Of all the segments considered in the study, ceramics is poised to account for an important part of the market sales and account for almost half of the demand from 2021.

This is followed by the C-Plane Sapphire application, which has emerged as the second highest demand generator for alumina slurry, projected to be worth $492.5 million by the end of 2032. Demand for Alumina Slurry for Ceramic Surfaces is forecast to increase at a high CAGR of 8.3%, reaching US$511.3 million by 2032.

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Key segments covered in Alumina Slurry industry survey

  • By Application area:
    • pottery
    • C-level sapphire
    • iron metals
    • aluminum
    • Other
  • By use case:
  • By end use:
    • automobile
    • electronics
      • silicon disc
      • Optical substrates
      • drive components
      • Other microelectronic surfaces
    • Other

competitive landscape

Advanced Abrasives, AGSCO Corporation, Aritech Chemazone Private Limited, Baikowski, eDAQ, Ferro Corporation, Fuelcellmaterials (Nexceris Company), Fujimi Corporation, Nanoshel, Saint Gobain, Shanghai Chenxu Trade Co. Ltd and Structure Probe Inc. are leading manufacturers of alumina sludge.

Manufacturers are working harder to increase the efficiency of their products to handle the rapidly growing number of non-metal and metal CMP processes. At the same time, the focus is on reducing process costs and achieving error rates close to zero.

By leveraging their R&D capabilities to expand their product lines, drive commercial excellence and value-based product positioning, alumina slurry manufacturers should focus on expanding capacity and attracting new customers in untapped markets.

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Key players in the Alumina Slurry market

  • Advanced abrasives
  • AGSCO Corporation
  • Aritech Chemazone Private Limited
  • Baikowski
  • eDAQ
  • Ferro Corporation
  • Fuel Cell Materials (Nexceris Company)
  • Fujimi Corporation
  • nanoshelves

Key takeaways from Alumina Slurry market survey

  • In recent years, 2N purity alumina slurry has created an absolute $157.5 million opportunity
  • 3N purity alumina sludge is forecast to hold a 49.9% market share in 2022 and to expand at a CAGR of 10.2% during the forecast period (2022-2032).
  • After application finishes, demand from polishing application is expected to be estimated at $879.2 million by 2032.
  • Of the end-uses considered in the scope, electronics will remain the most attractive segment, which will grow at a CAGR of 8.7% until 2032.
  • By 2032, North America will account for 17.2% of the global alumina sludge market share.
  • By 2032, East Asia is projected to create an absolute dollar opportunity of $313 million.

Fact.MR’s domain expertise in Chemicals and Materials Department

Expert analysis, actionable insights and strategic recommendations from Fact.MR’s highly experienced chemicals and materials team help customers around the world with their unique business intelligence needs.

With a repertoire of over a thousand reports and more than 1 million data points, the team has analyzed the chemicals and materials business in over 50 countries for over a decade. The team provides unmatched end-to-end research and consulting services.

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