Activated Alumina Market Size & Analysis, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Activated Alumina Market


The global Activated Alumina market size is projected to reach US$ 1384.79 million by 2026, from US$ 1010.04 million in 2020, at a CAGR of 5.4% during 2021-2026. The market is majorly driven by factors, such as rising demand for clean water, shrinking water reserves, and implementation of new water treatment facilities. Activated alumina is formed by dihydroxylation of aluminum hydroxide to produce highly porous material. It is used in various applications including catalyst, desiccant, fluoride adsorbent, bio ceramics, and others.

It has the ability to adsorb harmful contaminants in both aquifers and wastewater. It is used in various water purification techniques, such as the removal and adsorption of PCB, lead, fluoride, copper, arsenic, and other heavy metals from water.PCBs have a risk of spillage and can contaminate the surface and groundwater.

Increasing population coupled with rapid economic growth is expected to boost the market growth in Asia Pacific. Government initiatives, such as the launch of various projects for the regular supply and treatment of water, are likely to propel the product demand over the forecast period. Product usage in the purification of lithium is gaining popularity. Lithium finds use in ceramics, glass, batteries, lubricating greases, and air treatment applications.
It is used to power cell phones, digital cameras, and laptops and is becoming a prime energy source for powering electric and hybrid motor vehicles. The product utilizes adsorption process for removal of impurities, which involves high capital and operational costs. Thus, the end users are shifting toward its substitutes despite its efficiency and effectiveness. This is likely to restrain the market growth over the coming years.

Market Segmentation, Outlook & Viewpoint: Global Activated Alumina Market

Application Market Segmentation & Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

  
Catalyst
  
Desiccant
  
Fluoride Adsorbent
  
Bio Ceramics
  
Others

End Use Market Segmentation & Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

  
Water Treatment
  
Oil & Gas
  
Plastics
  
Healthcare
  
Others

Key Players, Recent Developments & Regional Insights: Global Activated Alumina Market

Fluoride adsorbent was the largest application in 2018. The product is used for fluoride removal during the purification of drinking water.Growing need for water purification is expected to drive the product demand over the forecast period. It is used as a catalyst in the Claus reaction.Expansion and new construction of refineries are likely to augment its demand over the coming years. For instance, in 2019, Saudi Arabia government signed a memorandum of understanding with the government of India to build a refinery in India.

The product is also used in gas and liquid drying applications. It is capable of drying almost all liquids and gases due to its high surface area. Its properties including resistance to abrasion and thermal shock are likely to drive the demand in chemical & pharmaceutical industries. Bio ceramics application is expected to witness strong grow from 2019 to 2025. Activated alumina-based ceramics can survive adverse conditions, such as acidic or alkaline environment and high temperatures. These properties promote the product usage in bone and dental applications.

Regional Insights

Asia Pacific held the largest revenue share of the global market in 2018. The key countries including India and China are expected to observe steady growth in their refining capacities, thereby augmenting the product demand. Rising demand for fresh water supply due to growing population in the region will drive the market over the coming years.
North America was the second-largest regional market in 2018. As per the International Energy Agency (IEA) publication in 2018, refinery expansion in U.S. and steady production volume of crude is likely to solidify the countrys position as a key exporter of crude across the globe.

Brazil also registered a healthy growth rate in 2018 due to the rebound in the investments in various sectors. The political and economic reforms in the country are expected to drive the key end-use sectors, such as pharmaceutical, oil & gas, and water treatment, thereby supporting market development.

Activated Alumina Market Share Insights

The global activated alumina market is highly competitive in nature owing to the presence of major players like BASF SE; Sumitomo Chemical Co.; Honeywell International Inc.; Porocel Industries LLC; and Dynamic Adsorbents Inc.The competition is primarily driven by the application scope and use of activated alumina in different type of products.

Majority of companies are heavily investing in the research & development in an attempt to expand their product portfolios & production capacities and to sustain their market position. The development in technology coupled with increased investments in research is expected to drive the growth of this market and attract new entrants over the forecast period.

Key Insights Covered: Global Activated Alumina Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Activated Alumina industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Activated Alumina industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Activated Alumina industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Activated Alumina industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Activated Alumina industry.

Research Methodology: Global Activated Alumina Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other