According to a new research report by Global Market Insights Inc., the Activated Alumina Market size to exceed USD 260 million by 2027. Growing new water treatment facilities will positively influence industry growth during the forecast period.
Activated alumina is increasingly used in water treatment facilities owing to its low cost and ability to absorb the contaminants instead of filtering them. It is used as a water treatment medium for water containing high dissolved solid levels and sulfate concentration. Growing water pollution is creating tremendous stress on existing water bodies, driving the penetration of water treatment facilities around the world.
Increasing demand for clean drinking water owing to rapid urbanization and industrialization has diminished freshwater resources, while some of the existing ones are also on the verge of depletion. Growing environmental concerns along with the need to comply with strict government regulations regarding wastewater treatment around the world are expected to further have a positive impact on the water treatment facilities.
The product removes fluorine and various other elements, such as arsenic and sulphur, from wastewater and makes water clean. Moreover, the rising demand for activated alumina for its desiccant property owing to more effective transport and storage of industrial fluids is expected to fuel the activated alumina market share in the coming years.
The key raw material used in the production of activated alumina is aluminum oxide, which is derived from bauxite. The difficulty in getting environmental clearance and unviable method for determination of sale price for metallurgical grade bauxite is hindering the auctioning process of bauxite mines in many countries around the world.
The sudden import and export of bauxite in the international market has led to price volatility, inducing fluctuations in alumina prices. It may hinder activated alumina market growth. Browse key industry insights spread across 140 pages with 166 market data tables & 19 figures & charts from the report, “Activated Alumina Market, By Application (Adsorbents, Desiccant, Catalysts), By Sector (Oil & Gas, Water Treatment, Chemical), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 – 2027” in detail along with the table of contents:
The catalyst segment will witness over 8% CAGR in activated alumina market through 2027. It is used as a catalyst itself or is also utilized as a substrate or as an inert carrier for different types of catalysts. When activated alumina is used for its catalyst properties, it is known as Claus catalyst. Activated alumina as a Claus catalyst is used for sulfur recovery in oil & gas refineries.
The oil & gas segment will witness an 8.5% CAGR in activated alumina market during the forecast period. In the oil & gas industry, the product is utilized for desulfurization of natural gas. Removing sulfur compounds from gasoline and diesel helps in improving emission controls. Growing fossil fuel consumption mainly from emerging economies is having a positive impact on the oil refineries.
North America to bank growing crude oil production
North America activated alumina market will witness around 7% CAGR during the forecast period. The U.S. is one of the largest producers of crude oil and is expected to grow further owing to the rising demand for oil & gas from various emerging economies. Big industry players, such as Exxon Mobil, Chevron Corporation, and ConocoPhillips, are investing heavily in discovering new crude oil reserves and their exploration. Moreover, the uncertainty over the prices and production of crude oil from OPEC countries are making the crude oil from
Acquisitions and production capacity upgrades to boost the competitive advantage
Some of the prominent players in the activated alumina industry include Porocel Industries LLC; Sumitomo Chemical Co., Ltd.; BASF SE; Honeywell International Inc.; Huber Engineered Materials; Axens; Camfil; Sorbead India; CHALCO Shandong Advanced Material Co., Ltd.; DYNAMIC ADSORBENTS, INC.; Shandong Zhongxing New Material Technology Co., Ltd.; Global Adsorbents Private Limited, and Jiangsu Jingjing New Material Co., Ltd. These players are primarily focusing on acquisitions and production capacity upgrades to strengthen their market position.