US: 1.917.963.8646 (24x5)
UK: 44.330.808.0580 (24x5)
Worldwide: 91.703.051.960 (24x7)
Global Activated Alumina Market 2021: By Application (Catalyst, Desiccant, Fluoride Adsorbent, Bio Ceramics, Others), By End-use (Water Treatment, Oil and Gas, Plastics, Healthcare, Others)Global Activated Alumina Market report is under production at Trusted Business Insights. Extensive primary and secondary research efforts are conducted to ensure major factors and the various impacts these factors have on respective aspects and scenarios in the global activated alumina market. In addition, data and information on various aspects of the global activated alumina market such as key market drivers, trends, restraints, revenue opportunities, retails on key players, recent developments in the market, and competitive landscape are included in the report. Research results and findings are verified by industry experts before we include it in the report. The Global Activated Alumina market size was valued at USD $519.89 Billion in 2020, USD $549.27 Billion in 2021, forecasted to reach USD $580.3 Billion in 2022, and is projected to reach USD $931 Billion by 2030, and is anticipated to expand at a CAGR of 5.65% over the forecast period from 2020 to 2030.
OverviewActivated alumina is formed from dihydroxylation of aluminum hydroxide. It is used in various applications such as desiccant, catalyst, bio ceramics, fluoride adsorbent, and others. It is a dry, granular chemical substance. Activated alumina has the ability to absorb different harmful contaminants in both wastewater and aquifers. It is also used in water purification techniques such as the absorption and removal of PCB, fluoride, arsenic, copper, lead, and other heavy metals. PCB can spillage and contaminate ground and surface water.
DynamicsShrinking water reserves, rising demand for clean water, and implementation of new water treatment facilities are among some of the major factors driving market growth. Demand for activated alumina has been increasing significantly due to increasing population and rapid economic growth. In addition, government initiatives, such as launch of different projects for treatment and regular supply of water, are projected to positively affect demand for activated alumina over the forecast period. Activated alumina is also widely used in the purification of lithium. As removal of impurities with activated alumina requires high operational costs and capital, end users are increasingly shifting towards its various substitutes, which is a major restraint for the growth of the global activated alumina market. However, technological advancements and continuous research and development to make it more affordable is projected to create growth opportunities for key players in the market over the forecast period.
Global Activated Alumina Market Segment Analysis:By Application: The fluoride absorbent segment accounts for highest revenue share among other application segments and this trend is expected to continue over the forecast period. This can be attributed to increasing need for water purification around the globe. Fluoride absorbent is widely used as a catalyst in the Claus reaction. By End-use: The oil and gas segment among the end-use segments is projected to account for higher revenue share over the forecast period. This can be attributed to the wide use of activated alumina in the process of absorption of water from natural gas. Natural gas is one of the fastest-growing sources of domestic energy production. Plastics segment is expected to register a fastest revenue growth over the forecast period attributed to increasing demand for polythene.
Global Activated Alumina Market Regional Analysis:Among the regional markets, the market in Asia Pacific continues to dominate the market in terms of revenue share contribution to the global activated alumina market. Countries in the region, such as India and China, are expected to register steady growth in refining capacities, which is projected to augment product demand. Increasing population and need for fresh water in the region are expected to drive growth of the market over the forecast period. The second-largest regional market is the North American market attributed to the US remaining as the key exporter of crude around the globe.
Below are the leading companies profiled in this Activated Alumina Market Report:
Chapter 1 Methodology and Scope