The aluminum deoxidizer market comprises products that eliminate dissolved oxygen from liquid aluminum during aluminum melting and refining operations. Aluminum deoxidizers are usually based on reactive metals like calcium, strontium, titanium, and phosphorus that bond with oxygen at high temperatures reducing it to an insoluble form. The global aluminum production has increased significantly over the years owing to aluminum’s wide application across various end-use industries such as transportation, construction, packaging, machinery, and equipment. As aluminum deoxidizers play a crucial role in refining liquid aluminum, their demand is directly linked to the growth in aluminum production.
The global aluminum deoxidizer market is estimated to be valued at US$ 3.13 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the aluminum deoxidizer market are Almatis GmbH, AluChem, Inc., Motim Electrocorundum Ltd., READE Advanced Materials, Zibo Honghe Chemical Co., Ltd., Henan HengXin Industrial & Mineral Products Co., Ltd., Prince Minerals LLC, HAIHUI Group Co., Ltd., Gongyi City Meiqi Industry & Trade Co., Ltd., Xinzheng Chengxin Carbon Co., Ltd.,Henan Junsheng Refractories Limited, Luoyang Zhongsen Refractory Co., Limited, Jiaozuo BeiYuan Chemical Co., Ltd., Gongyi City Xianke Water Supply Material Co., Ltd., Zibo Jiuchen Industry & Trade Co., Ltd.
Key players: Almatis GmbH tops the market and owns over 10% share. Other major players operating are AluChem, Inc., Motim Electrocorundum Ltd. and READE Advanced Materials.
Key opportunities: Growing consumption of aluminum in transportation, packaging and consumer goods sectors will boost aluminum production and subsequently aluminum deoxidizer demand. Also, R&D to develop cost-effective and efficient aluminum deoxidizers presents new opportunities.
Global expansion: Key players are expanding manufacturing facilities globally especially in Asia Pacific and Middle East & Africa to leverage growth in these emerging markets for aluminum and aluminum products.
Market drivers
The major driver for aluminum deoxidizer market is the rising production of aluminum across the globe. According to International Aluminum Institute, global aluminum production increased from 62 million tons in 2010 to almost 139 million tons in 2022. Transportation sector’s shift towards aluminum usage over steel to reduce vehicle weight for better fuel efficiency is another key market driver. Stringent regulations worldwide to reduce vehicle emissions and curb global warming have accelerated this shift driving aluminum and subsequently aluminum deoxidizer demand.
PEST ANALYSIS
Political: The government regulations regarding the usage of aluminum due to its environmental impact can affect the market. Changes in trade policies and tariffs can also impact the aluminum deoxidizer imports and exports.
Economic: Macroeconomic factors such as changes in GDP, per capita income can influence the demand in end-use industries where aluminum deoxidizers are used. Fluctuations in raw material prices can impact the production cost of aluminum deoxidizers.
Social: Changes in consumer lifestyles and preferences can indirectly impact the demand from applications such as food and beverages packaging. Growth in the population and their disposable income can boost the aluminum deoxidizer consumption.
Technological: Developments leading to new production techniques, material innovations can help lower the production costs. Advances in end-use industries applications can open new areas of application for aluminum deoxidizers and thus support the market growth.
North America is one of the major geographical regions where the market is concentrated in terms of value owing to the strong presence of end-use industries like construction and automotive where aluminum is widely used. Asia Pacific is expected to be the fastest growing region for the aluminum deoxidizer market supported by rapid industrialization and economic development in countries like China and India.
“*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it”
