PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1700040
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1700040
Spherical Alumina Market Forecasts to 2032 - Global Analysis By Type, Application, End User and By Geography
According to Stratistics MRC, the Global Spherical Alumina Market is accounted for $565.62 million in 2025 and is expected to reach $1145.02 million by 2032 growing at a CAGR of 10.6% during the forecast period. Spherical alumina is a high-performance ceramic material known for its excellent thermal conductivity, high mechanical strength, and superior wear resistance. It is perfect for a variety of applications, such as advanced ceramics, electronic encapsulation, and thermal interface materials, because of its distinctive spherical shape, which improves flow ability, packing density, and dispersion. Spherical alumina is frequently utilized in electronic device thermal management solutions because it enhances heat dissipation while preserving electrical insulation qualities.
According to data from the International Aluminium Institute (IAI), global alumina production reached 138.2 million metric tons in 2023. China led the production with an estimated 82 million metric tons.
Market Dynamics:
Driver:
Growing need for solutions for thermal management
The need for effective thermal management materials is growing as electronic devices get smaller and has higher power densities. Because of its high electrical insulation and thermal conductivity, spherical alumina finds extensive application in adhesives, electronics encapsulates, and thermal interface materials (TIMs). Manufacturers are using spherical alumina in thermal greases, gap fillers, and heat dissipation coatings to increase performance and longevity as gadgets like laptops, smartphones, and electric vehicle (EV) batteries produce more heat. Its spherical shape and high packing density also improve heat dissipation, lowering thermal resistance and boosting system dependability.
Restraint:
Expensive manufacturing and a complicated process
The production of spherical alumina involves advanced techniques such as spray drying, plasma melting, and chemical vapor deposition (CVD), which require significant investment in equipment and expertise. Spherical alumina costs more to produce than regular alumina powders because it requires high-purity raw materials and exacting processing conditions. Keeping the spherical morphology and particle size distribution constant also increases complexity and raises costs. Moreover, high capital needs often make it difficult for small and medium-sized businesses (SMEs) to enter the market, which restricts their ability to expand their market share and increase their overall production capacity.
Opportunity:
Development of the battery and electric vehicle (EV) industries
The rapid adoption of electric vehicles (EVs) is driving demand for advanced battery technologies with enhanced safety, durability, and thermal performance. A common coating material for lithium-ion battery separators, spherical alumina improves thermal stability and guards against overheating, two crucial aspects of EV battery safety. The EV industry is predicted to grow exponentially as a result of governments around the world promoting electrification through incentives and emission regulations, which will present significant opportunities for producers of spherical alumina. Additionally, the need for high-performance materials, such as spherical alumina, in next-generation battery chemistries will also be fueled by developments in fast-charging and battery energy density.
Threat:
Strong competition in the market and the existence of alternative materials
There is fierce competition in the spherical alumina market from substitute materials that provide comparable or better performance at cheaper prices. Materials like silicon carbide, boron nitride, and other thermally conductive fillers, for example, are becoming more popular in thermal management applications. A few of these alternatives offer benefits like reduced density, better electrical insulation, and easier processing, which may make them more desirable in particular sectors. Established firms in the markets for advanced ceramics, thermal interface materials, and semiconductor packaging make competition even more fierce and present a big obstacle for smaller and newer producers.
Covid-19 Impact:
Due to lockdowns and other restrictions, the COVID-19 pandemic caused shortages of raw materials, disrupted global supply chains, and delayed manufacturing activities. These factors all had a mixed effect on the spherical alumina market. Short-term demand for spherical alumina was lowered by production slowdowns in industries like electronics, automotive, and aerospace, which are major users of the material. However, the increase in remote work and digital transformation boosted demand for semiconductors, thermal interface materials, and consumer electronics, partially offsetting losses. The pandemic also brought attention to how crucial supply chain resilience is, which led manufacturers to investigate localized production and alternative sourcing methods in order to lessen future disruptions.
The 30-80 µm segment is expected to be the largest during the forecast period
The 30-80 µm segment is expected to account for the largest market share during the forecast period, propelled by its exceptional achievement in electronic and thermal management applications. Because of its remarkable thermal stability, uniform shape, and large surface area, this size range is especially useful as a catalyst support material, increasing the catalytic efficacy in industrial processes. Moreover, the increasing need for 5G infrastructure, high-performance computing, and electric vehicles (EVs) has spurred the use of 30-80 µm spherical alumina since it enhances heat dissipation and dependability in these cutting-edge applications.
The Thermal Interface Materials (TIMs) segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the Thermal Interface Materials (TIMs) segment is predicted to witness the highest growth rate. TIMs play a critical role in improving thermal connections between heat-generating elements and heat sinks or spreaders, efficiently dissipating heat, and guaranteeing the longevity and peak performance of electronic devices. The use of spherical alumina in TIMs is being driven by the growing need for effective thermal management solutions brought on by the shrinking of electronics and the increase in power densities. Additionally, this trend is further supported by the development of advanced computing systems, electric cars, and 5G, all of which depend on dependable thermal interface materials to preserve system performance and integrity.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, motivated by its substantial investments in a range of end-user industries, such as electronics, healthcare, pharmaceuticals, and industrial manufacturing, as well as its leading position in the production of aluminum oxide. Rapid industrialization in the region, especially in China, India, Japan, Malaysia, and South Korea, has raised demand for spherical alumina in thermally conductive plastics and thermal interface materials, among other applications. Furthermore, the expanding electronics manufacturing industry and the growing popularity of electric vehicles, both of which call for sophisticated thermal management solutions offered by spherical alumina, further contribute to this growth.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, The region's strong R&D infrastructure, together with the presence of major industry players, encourages innovation and speeds up the adoption of spherical alumina in a variety of high-performance applications. Moreover, the market's growth in this region is also fueled by the growing demand for advanced thermal management solutions in the electronics and automotive sectors, as well as by favorable government policies and investments in cutting-edge technologies.
Key players in the market
Some of the key players in Spherical Alumina Market include Nippon Steel Corporation, Denka Company Limited, Admatechs Company, Showa Denko, Bestry Technology Inc, Nabaltec Inc, Anhui Estone Materials Technology, CMP Inc, Sibelco Inc, Zibo Zhengze Aluminum Inc, Sumitomo Chemical, CoorsTek, Inc., Dongkuk R&S, Aluminum Corporation of China Limited and Novoray Corporation.
Key Developments:
In January 2025, Nippon Steel Corporation and United States Steel Corporation issued the following statement on President Biden's decision to block their proposed transaction. Nippon Steel and U. S. Steel are confident that our transaction would revitalize communities that rely on American steel, including in Pennsylvania and Indiana, provide job security for American steelworkers, enhance the American steel supply chain, help America's domestic steel industry compete more effectively with China and bolster national security.
In May 2024, Sumitomo Chemical and Lummus Technology announced two collaboration agreements to license and commercialize the following proprietary technologies. With Lummus as the exclusive and worldwide licensor of both technologies, Sumitomo Chemical's innovative technologies will be delivered to a global customer base, supported by Lummus' global marketing reach and engineering capabilities.
In June 2023, Denka Company Limited has decided to conduct joint research with Transform Materials LLC, a global microwave plasma technology provider, to establish its technology for realizing the low-carbon production of acetylene. Under our eight-year management plan Mission 2030, which started in fiscal 2023, we aim to achieve 100% of our businesses being "three-star businesses" with the three elements of specialty, megatrends, and sustainability.
Types Covered:
- 1-30µm
- 30-80µm
- 80-100µm
- Other Types
Applications Covered:
- Thermal Interface Materials
- Thermally Conductive Plastics
- High Thermal Conductive AI Base CCL
- Alumina Ceramic Substrate Surface Spraying
- Other Applications
End Users Covered:
- Electronics
- Automotive
- Aerospace
- Energy
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Spherical Alumina Market, By Type
- 5.1 Introduction
- 5.2 1-30µm
- 5.3 30-80µm
- 5.4 80-100µm
- 5.5 Other Types
6 Global Spherical Alumina Market, By Application
- 6.1 Introduction
- 6.2 Thermal Interface Materials
- 6.3 Thermally Conductive Plastics
- 6.4 High Thermal Conductive AI Base CCL
- 6.5 Alumina Ceramic Substrate Surface Spraying
- 6.6 Other Applications
7 Global Spherical Alumina Market, By End User
- 7.1 Introduction
- 7.2 Electronics
- 7.3 Automotive
- 7.4 Aerospace
- 7.5 Energy
- 7.6 Other End Users
8 Global Spherical Alumina Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Nippon Steel Corporation
- 10.2 Denka Company Limited
- 10.3 Admatechs Company
- 10.4 Showa Denko
- 10.5 Bestry Technology Inc
- 10.6 Nabaltec Inc
- 10.7 Anhui Estone Materials Technology
- 10.8 CMP Inc
- 10.9 Sibelco Inc
- 10.10 Zibo Zhengze Aluminum Inc
- 10.11 Sumitomo Chemical
- 10.12 CoorsTek, Inc.
- 10.13 Dongkuk R&S
- 10.14 Aluminum Corporation of China Limited
- 10.15 Novoray Corporation
List of Tables
- Table 1 Global Spherical Alumina Market Outlook, By Region (2024-2032) ($MN)
- Table 2 Global Spherical Alumina Market Outlook, By Type (2024-2032) ($MN)
- Table 3 Global Spherical Alumina Market Outlook, By 1-30µm (2024-2032) ($MN)
- Table 4 Global Spherical Alumina Market Outlook, By 30-80µm (2024-2032) ($MN)
- Table 5 Global Spherical Alumina Market Outlook, By 80-100µm (2024-2032) ($MN)
- Table 6 Global Spherical Alumina Market Outlook, By Other Types (2024-2032) ($MN)
- Table 7 Global Spherical Alumina Market Outlook, By Application (2024-2032) ($MN)
- Table 8 Global Spherical Alumina Market Outlook, By Thermal Interface Materials (2024-2032) ($MN)
- Table 9 Global Spherical Alumina Market Outlook, By Thermally Conductive Plastics (2024-2032) ($MN)
- Table 10 Global Spherical Alumina Market Outlook, By High Thermal Conductive AI Base CCL (2024-2032) ($MN)
- Table 11 Global Spherical Alumina Market Outlook, By Alumina Ceramic Substrate Surface Spraying (2024-2032) ($MN)
- Table 12 Global Spherical Alumina Market Outlook, By Other Applications (2024-2032) ($MN)
- Table 13 Global Spherical Alumina Market Outlook, By End User (2024-2032) ($MN)
- Table 14 Global Spherical Alumina Market Outlook, By Electronics (2024-2032) ($MN)
- Table 15 Global Spherical Alumina Market Outlook, By Automotive (2024-2032) ($MN)
- Table 16 Global Spherical Alumina Market Outlook, By Aerospace (2024-2032) ($MN)
- Table 17 Global Spherical Alumina Market Outlook, By Energy (2024-2032) ($MN)
- Table 18 Global Spherical Alumina Market Outlook, By Other End Users (2024-2032) ($MN)
- Table 19 North America Spherical Alumina Market Outlook, By Country (2024-2032) ($MN)
- Table 20 North America Spherical Alumina Market Outlook, By Type (2024-2032) ($MN)
- Table 21 North America Spherical Alumina Market Outlook, By 1-30µm (2024-2032) ($MN)
- Table 22 North America Spherical Alumina Market Outlook, By 30-80µm (2024-2032) ($MN)
- Table 23 North America Spherical Alumina Market Outlook, By 80-100µm (2024-2032) ($MN)
- Table 24 North America Spherical Alumina Market Outlook, By Other Types (2024-2032) ($MN)
- Table 25 North America Spherical Alumina Market Outlook, By Application (2024-2032) ($MN)
- Table 26 North America Spherical Alumina Market Outlook, By Thermal Interface Materials (2024-2032) ($MN)
- Table 27 North America Spherical Alumina Market Outlook, By Thermally Conductive Plastics (2024-2032) ($MN)
- Table 28 North America Spherical Alumina Market Outlook, By High Thermal Conductive AI Base CCL (2024-2032) ($MN)
- Table 29 North America Spherical Alumina Market Outlook, By Alumina Ceramic Substrate Surface Spraying (2024-2032) ($MN)
- Table 30 North America Spherical Alumina Market Outlook, By Other Applications (2024-2032) ($MN)
- Table 31 North America Spherical Alumina Market Outlook, By End User (2024-2032) ($MN)
- Table 32 North America Spherical Alumina Market Outlook, By Electronics (2024-2032) ($MN)
- Table 33 North America Spherical Alumina Market Outlook, By Automotive (2024-2032) ($MN)
- Table 34 North America Spherical Alumina Market Outlook, By Aerospace (2024-2032) ($MN)
- Table 35 North America Spherical Alumina Market Outlook, By Energy (2024-2032) ($MN)
- Table 36 North America Spherical Alumina Market Outlook, By Other End Users (2024-2032) ($MN)
- Table 37 Europe Spherical Alumina Market Outlook, By Country (2024-2032) ($MN)
- Table 38 Europe Spherical Alumina Market Outlook, By Type (2024-2032) ($MN)
- Table 39 Europe Spherical Alumina Market Outlook, By 1-30µm (2024-2032) ($MN)
- Table 40 Europe Spherical Alumina Market Outlook, By 30-80µm (2024-2032) ($MN)
- Table 41 Europe Spherical Alumina Market Outlook, By 80-100µm (2024-2032) ($MN)
- Table 42 Europe Spherical Alumina Market Outlook, By Other Types (2024-2032) ($MN)
- Table 43 Europe Spherical Alumina Market Outlook, By Application (2024-2032) ($MN)
- Table 44 Europe Spherical Alumina Market Outlook, By Thermal Interface Materials (2024-2032) ($MN)
- Table 45 Europe Spherical Alumina Market Outlook, By Thermally Conductive Plastics (2024-2032) ($MN)
- Table 46 Europe Spherical Alumina Market Outlook, By High Thermal Conductive AI Base CCL (2024-2032) ($MN)
- Table 47 Europe Spherical Alumina Market Outlook, By Alumina Ceramic Substrate Surface Spraying (2024-2032) ($MN)
- Table 48 Europe Spherical Alumina Market Outlook, By Other Applications (2024-2032) ($MN)
- Table 49 Europe Spherical Alumina Market Outlook, By End User (2024-2032) ($MN)
- Table 50 Europe Spherical Alumina Market Outlook, By Electronics (2024-2032) ($MN)
- Table 51 Europe Spherical Alumina Market Outlook, By Automotive (2024-2032) ($MN)
- Table 52 Europe Spherical Alumina Market Outlook, By Aerospace (2024-2032) ($MN)
- Table 53 Europe Spherical Alumina Market Outlook, By Energy (2024-2032) ($MN)
- Table 54 Europe Spherical Alumina Market Outlook, By Other End Users (2024-2032) ($MN)
- Table 55 Asia Pacific Spherical Alumina Market Outlook, By Country (2024-2032) ($MN)
- Table 56 Asia Pacific Spherical Alumina Market Outlook, By Type (2024-2032) ($MN)
- Table 57 Asia Pacific Spherical Alumina Market Outlook, By 1-30µm (2024-2032) ($MN)
- Table 58 Asia Pacific Spherical Alumina Market Outlook, By 30-80µm (2024-2032) ($MN)
- Table 59 Asia Pacific Spherical Alumina Market Outlook, By 80-100µm (2024-2032) ($MN)
- Table 60 Asia Pacific Spherical Alumina Market Outlook, By Other Types (2024-2032) ($MN)
- Table 61 Asia Pacific Spherical Alumina Market Outlook, By Application (2024-2032) ($MN)
- Table 62 Asia Pacific Spherical Alumina Market Outlook, By Thermal Interface Materials (2024-2032) ($MN)
- Table 63 Asia Pacific Spherical Alumina Market Outlook, By Thermally Conductive Plastics (2024-2032) ($MN)
- Table 64 Asia Pacific Spherical Alumina Market Outlook, By High Thermal Conductive AI Base CCL (2024-2032) ($MN)
- Table 65 Asia Pacific Spherical Alumina Market Outlook, By Alumina Ceramic Substrate Surface Spraying (2024-2032) ($MN)
- Table 66 Asia Pacific Spherical Alumina Market Outlook, By Other Applications (2024-2032) ($MN)
- Table 67 Asia Pacific Spherical Alumina Market Outlook, By End User (2024-2032) ($MN)
- Table 68 Asia Pacific Spherical Alumina Market Outlook, By Electronics (2024-2032) ($MN)
- Table 69 Asia Pacific Spherical Alumina Market Outlook, By Automotive (2024-2032) ($MN)
- Table 70 Asia Pacific Spherical Alumina Market Outlook, By Aerospace (2024-2032) ($MN)
- Table 71 Asia Pacific Spherical Alumina Market Outlook, By Energy (2024-2032) ($MN)
- Table 72 Asia Pacific Spherical Alumina Market Outlook, By Other End Users (2024-2032) ($MN)
- Table 73 South America Spherical Alumina Market Outlook, By Country (2024-2032) ($MN)
- Table 74 South America Spherical Alumina Market Outlook, By Type (2024-2032) ($MN)
- Table 75 South America Spherical Alumina Market Outlook, By 1-30µm (2024-2032) ($MN)
- Table 76 South America Spherical Alumina Market Outlook, By 30-80µm (2024-2032) ($MN)
- Table 77 South America Spherical Alumina Market Outlook, By 80-100µm (2024-2032) ($MN)
- Table 78 South America Spherical Alumina Market Outlook, By Other Types (2024-2032) ($MN)
- Table 79 South America Spherical Alumina Market Outlook, By Application (2024-2032) ($MN)
- Table 80 South America Spherical Alumina Market Outlook, By Thermal Interface Materials (2024-2032) ($MN)
- Table 81 South America Spherical Alumina Market Outlook, By Thermally Conductive Plastics (2024-2032) ($MN)
- Table 82 South America Spherical Alumina Market Outlook, By High Thermal Conductive AI Base CCL (2024-2032) ($MN)
- Table 83 South America Spherical Alumina Market Outlook, By Alumina Ceramic Substrate Surface Spraying (2024-2032) ($MN)
- Table 84 South America Spherical Alumina Market Outlook, By Other Applications (2024-2032) ($MN)
- Table 85 South America Spherical Alumina Market Outlook, By End User (2024-2032) ($MN)
- Table 86 South America Spherical Alumina Market Outlook, By Electronics (2024-2032) ($MN)
- Table 87 South America Spherical Alumina Market Outlook, By Automotive (2024-2032) ($MN)
- Table 88 South America Spherical Alumina Market Outlook, By Aerospace (2024-2032) ($MN)
- Table 89 South America Spherical Alumina Market Outlook, By Energy (2024-2032) ($MN)
- Table 90 South America Spherical Alumina Market Outlook, By Other End Users (2024-2032) ($MN)
- Table 91 Middle East & Africa Spherical Alumina Market Outlook, By Country (2024-2032) ($MN)
- Table 92 Middle East & Africa Spherical Alumina Market Outlook, By Type (2024-2032) ($MN)
- Table 93 Middle East & Africa Spherical Alumina Market Outlook, By 1-30µm (2024-2032) ($MN)
- Table 94 Middle East & Africa Spherical Alumina Market Outlook, By 30-80µm (2024-2032) ($MN)
- Table 95 Middle East & Africa Spherical Alumina Market Outlook, By 80-100µm (2024-2032) ($MN)
- Table 96 Middle East & Africa Spherical Alumina Market Outlook, By Other Types (2024-2032) ($MN)
- Table 97 Middle East & Africa Spherical Alumina Market Outlook, By Application (2024-2032) ($MN)
- Table 98 Middle East & Africa Spherical Alumina Market Outlook, By Thermal Interface Materials (2024-2032) ($MN)
- Table 99 Middle East & Africa Spherical Alumina Market Outlook, By Thermally Conductive Plastics (2024-2032) ($MN)
- Table 100 Middle East & Africa Spherical Alumina Market Outlook, By High Thermal Conductive AI Base CCL (2024-2032) ($MN)
- Table 101 Middle East & Africa Spherical Alumina Market Outlook, By Alumina Ceramic Substrate Surface Spraying (2024-2032) ($MN)
- Table 102 Middle East & Africa Spherical Alumina Market Outlook, By Other Applications (2024-2032) ($MN)
- Table 103 Middle East & Africa Spherical Alumina Market Outlook, By End User (2024-2032) ($MN)
- Table 104 Middle East & Africa Spherical Alumina Market Outlook, By Electronics (2024-2032) ($MN)
- Table 105 Middle East & Africa Spherical Alumina Market Outlook, By Automotive (2024-2032) ($MN)
- Table 106 Middle East & Africa Spherical Alumina Market Outlook, By Aerospace (2024-2032) ($MN)
- Table 107 Middle East & Africa Spherical Alumina Market Outlook, By Energy (2024-2032) ($MN)
- Table 108 Middle East & Africa Spherical Alumina Market Outlook, By Other End Users (2024-2032) ($MN)
