Soaring Construction Activities Fueling Global Alumina Demand
The surging demand for cement, specialty steel, and high-quality glass and the expansion of the global construction industry, due to the macroeconomic growth and rising industrialization rate in Eastern European and Asia-Pacific countries, is driving the worldwide demand for alumina. Russia, India, China, the U.S., and the U.K. are the biggest consumers of alumina across the world, on account of their high-volume manufacturing and consumption of steel. Moreover, the burgeoning requirement for chemical-grade alumina, owing to the emergence of various advanced technologies, is also contributing to the soaring demand for alumina . The use of chemical-driven alumina is primarily driven by the escalating demand for eco-friendly, energy-efficient, and technologically feasible products and the implementation of supportive government policies. For example, the U.S. and the European Union (EU) have enacted several policies aimed at augmenting the domestic production of liquid crystal displays (...