Biotechnology is fastest growing segment fueling the growth of Aluminum Deoxidizer Market

 

The global Aluminum Deoxidizer Market is estimated to be valued at US$ 3.13 Bn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Aluminum deoxidizers are used in aluminum production as refining agents. They help remove oxygen from molten aluminum during the smelting process. This improves the purity and fluidity of aluminum. Aluminum deoxidizers based on calcium, cerium, lanthanum and other rare earth metals perform the function of deoxidizing more efficiently.

Market key trends:
Growing use of biotechnology in aluminum deoxidization is a key trend fueling market growth. Researchers are developing biological agents like genetically engineered bacteria that can deoxidize aluminum in-situ without adding any foreign elements. This facilitates a more eco-friendly and cost-effective deoxidization process. Adoption of biotechnology helps minimize slag formation and avoids addition of reactive earth metals. It also removes the need for intensive physical agitation during smelting. Ongoing R&D to develop robust and viable bacterial strains for a self-sufficient bioprocess will further support the uptake of green deoxidization methods in the aluminum industry.

Segment Analysis
The global aluminum deoxidizer market is segmented into alumina and calcium/strontium based deoxidizers. Among these, the alumina based deoxidizers dominate the market and accounted for around 70% share in 2023. Alumina is highly effective in removing dissolved oxygen and other residual elements from aluminum during casting and is hence the preferred type of deoxidizer.

Key Takeaways
The global aluminum deoxidizer market is expected to witness high growth, exhibiting CAGR of 5.7% over the forecast period, due to increasing demand from the aluminum alloy manufacturing industry.

Regional analysis
Asia Pacific dominates the global market and accounted for over 40% share in 2023. China, Japan and India are the key markets in the region. This is owing to flourishing foundry and aluminum industries in the region. North America and Europe are other major regions for aluminum deoxidizer market.

Key players
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.

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