Global Spherical Alumina Powder Market Size Will Reach $185 Million in 2023

Spherical alumina is a type of alumina powder obtained by ball milling, with a particle shape of spherical or nearly spherical. Spherical aluminum powder has characteristics such as high hardness, wear resistance, heat resistance, and corrosion resistance, and it has huge market demand and broad application prospects in fields such as precision grinding, thermally conductive materials, catalysis, etc.

The spherical alumina powder obtained by calcination using a high-temperature spray melting method has the characteristic of a high rate of spheroidization. Combined with the later stage graded washing and surface treatment process, the product performance is superior. Therefore, spherical aluminum oxide powder is widely used as a filling material for thermal interface materials. According to our research data, the market size of spherical alumina powder used in the field of thermal interface materials is expected to reach $83 million in 2023, with an estimated market share of 44.86%, making it the largest downstream application market for spherical alumina powder.

 Global Spherical Alumina Powder Market Size and Share Forecast in 2023

Source: www.globalmarketmonitor.com

Based on our research data, the total market size of spherical alumina powder in 2020 was $127 million, and it is expected to reach $185 million by 2023. China is the industry\'s largest revenue market, with an estimated market revenue of $82 million in 2023, accounting for 44.32%; Japan will rank second with a share of 28.65%.

From the perspective of the competitive landscape, the global spherical alumina industry has a high market concentration. The market share of top3 enterprises is more than 50%. The main enterprises in the industry are from China and Japan, with the top three companies being Shandong Sinoal Aluminum Co., Ltd., Showa Denko, and Bestry. In 2020, their market revenue shares were 21.77%, 18.80%, and 18.72%, respectively.

Shandong Sinoal Co., Ltd. is located in the National High Tech Industrial Development Zone of Zibo City, Shandong Province. The company focuses on the production and application of chemical alumina, and currently has five major series and over 120 products.

Showa Electric, established in 1939, is a leading chemical engineering company in Japan. The company is divided into five business departments: petrochemical, aluminum, electronics, chemical, and inorganic materials. The products produced involve various fields such as petroleum, chemistry, inorganic, aluminum metals, electronic information, etc.