Activated Alumina Market
Activated Alumina Market - Global Industry Assessment & Forecast
- By End Use Oil & Gas, Water Treatment, Plastics, Healthcare
- By Application Catalyst, Desiccant, Fluoride Adsorbent, Bio Ceramics
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
|Forecast Years:||2022 - 2028|
|Historical Years:||2016 - 2021|
|Revenue 2021:||1.12 USD Billion|
|Revenue 2028:||2.05 USD Billion|
|Revenue CAGR (2022 - 2028):||7.80%|
|Fastest Growing Region (2022 - 2028)||Asia Pacific|
|Largest Region (2021):||Asia Pacific|
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Activated Alumina Market: End Use, Application, and Region
Global Activated Alumina Market is valued 1.12 USD Billion in 2021 and is projected to attain a value of 2.05 USD Billion by 2028 at a CAGR of 7.80% during the forecast period, 2022–2028.
Activated alumina is another name for aluminum oxide, which is a white powder with a very high surface area and is used in filters. These filters are generally found in air conditioners, refrigerators, and other appliances. Demand for activated alumina is increasing because of its ability to clean any type of pollution, including air and water. It's also used in the manufacturing of other products such as aluminum, adhesives and paint. Demand has been driven by increased production of steel worldwide.
Activated Alumina Market Size, 2021 To 2028 (USD 2.05 Billion)
Growing Application of Activated Alumina in Water Treatment to Drive Market Growth
Activated alumina is a common material used in the purification of air and water. Recently, there has been a major increase in production of activated alumina because it's being widely used as an adsorbent in the removal of hydrogen sulfide from wastewater. This can also be achieved with other materials but for cost-effective purposes, activated alumina is the best choice to invest in. Moreover, alumina is used in the production of aluminum and other metals. Activated alumina is a material that has been processed to remove impurities and increase its surface area, which increases its usefulness for industrial processes. Demand for activated alumina has increased significantly over the past decade due to economic growth in emerging economies including India and China.
Global Activated Alumina Market is Segmented by End Use (Oil & Gas, Water Treatment, Plastics, Healthcare), By Application (Catalyst, Desiccant, Fluoride Adsorbent, Bio Ceramics), & Region.
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By End-Use, Oil and Gas Industry to Witness Fastest Growth for Gas Purification
The activated alumina market is expanding at a fast pace in the natural gas purification industry. Activated alumina has become an essential raw material for the industry, as it is the best choice when filtering harmful gases from the air. The activated alumina plant produces high-quality products, meeting all requirements of customers. Recently, the natural gas purification industry has increased the demand for activated alumina. One of the reasons behind this is that this material is used in coating carbon monoxide and nitrogen oxides onto the surfaces of catalysts in order to lower their reactivity.
With new natural gas regulations coming soon, demand for activated alumina is expected to rise. In particular, the US EPA is requiring companies to use activated alumina as a safer alternative to coal in the removal of mercury from natural gas emissions. Companies such as Air Products and Chemicals have already invested in this technology.
Asia Pacific to Dominate Activated Alumina Market During Forecast Period
Asia Pacific is one of the fastest growing markets in the world. Products such as activated alumina and other mineral products are in high demand. China's rapid urbanization and industrialization has led to an increase in demand for these products. India's GDP growth has also seen a steady increase and has fueled the demand. The need to address environmental concerns within Asia Pacific countries has also contributed to this growth.
The market for activated alumina is increasing in Asia Pacific due to its use in the production of catalysts, oxygen and hydrogen. Thus, there has been rapid growth in the aluminum-producing industry in this region due to the increased demand for aluminum. The growing population and increased affluence in Asia Pacific also contribute to this trend.
Sumitomo Chemical Co.; BASF SE; Porocel Industries LLC; Honeywell International Inc.; and Dynamic Adsorbents Inc.
Activated Alumina Market is segmented as follows:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Activated Alumina Market is tabulated as follows:
Frequently Asked Question
The global Activated Alumina valued at 1.12 USD Billion in 2020 and is expected to reach 2.05 USD Billion in 2028 growing at a CAGR of 7.80%.
The prominent players in the market are Sumitomo Chemical Co.; BASF SE; Porocel Industries LLC; Honeywell International Inc.; and Dynamic Adsorbents Inc..
The market is project to grow at a CAGR of 7.80% between 2021 and 2028.
The driving factors of the Activated Alumina include
- Growing Demand for Decontaminated Water
Asia Pacific was the leading regional segment of the Activated Alumina in 2020.