Activated Alumina Industry Booming Demand Leading To Exponential CAGR Growth By 2025 | Porocel Industries LLC (US), Dynamic Adsorbents Inc (US), Axens SA (US)
Activated Alumina Industry Dynamics
Activated Alumina Market is projected to be worth USD 1.80 Billion by 2030, registering a CAGR of 5.9% during the forecast period (2022–2030). This is due to the rising usage of activated alumina in the removal of fluorine and other elements such as arsenic and sulphur from drinkable water due to its high adsorption properties, making it an excellent water purifier. In addition, the rising demand for activated alumina as a desiccant for effective storage and transportation of industrial fluids is expected to drive market growth in the approaching years. Furthermore, the textile industry’s rising use of activated alumina for colour removal is boosting the market globally.
Activated alumina is used to power mobile phones, digital cameras, and laptop computers, and it is quickly becoming a popular energy source for electric and hybrid vehicles. For the elimination of contaminants, the product uses an adsorption method, which has high capital and operating costs. As a result, despite its efficiency and efficacy, end-users are turning toward its substitutes. This will most certainly limit market expansion in the next years. Furthermore, the increased use of activated alumina as catalysts and in a variety of applications such as biomaterials, vacuum systems, and others is offering profitable prospects for the Activated Alumina Market participants. Activated alumina, for example, is employed as a catalyst in the manufacture of hydrogen peroxide and polyethylene.
However, the worldwide activated alumina market is projected to be hampered by widely available replacements such as activated carbon and zeolites, which have identical performance characteristics.
Competitive Dynamics
BASF SE (Germany), Honeywell International Inc (US), Sumitomo Chemical Co (Japan), Porocel Industries LLC (US), Dynamic Adsorbents Inc (US), Axens SA (US), Shandong Zhongxin New Material Technology Co., Ltd (China), Huber Engineered Materials (US), Jiangxi Sanxin Hi-Tech Ceramics Co., Ltd (China), Sialca Industries (India), and AGC Chemicals Pvt. Ltd (India) are the key players in the global activated alumina market.
Market Segmentation
The activated alumina market has been divided into three categories: application, end-use industry, and region.
The global market has been divided into catalyst, desiccant, adsorbent, and others based on application.
The global market has been divided into water treatment, pharmaceutical, textile, oil& gas, chemical, and other end-use industries.
Region Overview
North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa are the five primary regions studied in the worldwide activated alumina market.
Due to increased industrialization and urbanisation in the region, the Asia-Pacific market dominates the worldwide activated alumina market and is expected to grow at the fastest rate during the forecast period. Furthermore, the increased usage of activated alumina in the water treatment industry for the removal of fluoride, lead, and heavy metals, as well as growing worries about water shortages, are likely to drive regional market demand. China is the world’s largest consumer of activated alumina and the region’s fastest-growing market. This can be linked to rising population and more strict wastewater treatment laws. Furthermore, several government programmes for water treatment are boosting market demand in the area, particularly in India and other Southeast Asian countries.
In 2018, North America accounted for a significant portion of the market. The Specialty Alumina Market Structure market is likely to be driven by increased demand for high-quality water and rising environmental concerns in the region. Furthermore, due to considerable crude oil and shale gas exports, the region is predicted to have a strong CAGR during the forecast period. According to the International Energy Agency (IEA), the United States overtook Saudi Arabia as the world’s largest oil producer in 2018 and is likely to cement its position as a major petroleum exporter over the next five years. As a result, the demand for activated alumina for refineries in the region will increase.
Due to increased demand for activated alumina in the food and beverage, textile, and other industries, Europe is likely to develop significantly throughout the forecast period. The European Commission, for example, has instructed the European Food Safety Authority to investigate the food safety issues of using activated alumina treatment to remove fluoride from natural mineral waters in order to reduce health risks.
During the projected period, Latin America, the Middle East, and Africa are expected to increase significantly. During the projection period, the increased usage of activated alumina to dehydrate air and gases such as LPG, catalytic reforming gas, and natural gas in Gulf countries would drive demand.
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