Market analyzer Technavio says that it has published three reports covering activated alumina, lime, and aluminum powders, pastes and flakes. The reports highlight the major market trends, drivers, challenges, and several other factors that are expected to change market dynamics during the forecast period.
The global activated alumina market is expected to witness an impressive growth and will post a CAGR of around 8% over the forecast period, Technavio says. The extensive use of activated alumina ball for a wide range of catalyst-based applications coupled with its ability to act as an adsorbent will fuel this market’s growth during the forecast period. The global lime market will also grow steadily during the predicted period and post a CAGR of over 4% by 2020.
According to the company, the global aluminum powders, pastes, and flakes market will grow steadily during the next four years and will post a CAGR of nearly 5% by 2020. With the rapid shift towards urbanization and infrastructure development in several nations across the globe, the demand for aluminum and its components such as powders, pastes, and flakes is increasing considerably, specifically in the building and construction sectors. As per this market study, around 15% of aluminum powder demand base is to be infused with US$12 trillion over the next four years owing to its high demand in the residential and non-residential projects.
This story is reprinted from material from Technavio, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.