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  • Activated Alumina Market Growth Analysis | 2023-2028

    Activated Alumina Market Growth Analysis | 2023-2028

    Activated Alumina Market Growth Analysis | 2023-2028
    Report code - SR1992 Delivery - 2 Weeks
    Activated Alumina Market Size, Share, Trends, Forecast, & Growth Analysis - 2023- See more...

    Market Insights

    The activated alumina market was estimated at USD 0.97 billion in 2022 and is likely to grow at a CAGR of 5.6% during 2023-2028 to reach USD 1.34 billion in 2028.

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    What is activated alumina?

    Activated alumina, also known as alumina or Al2O3, is a solid form of aluminum oxide. It is highly porous, possesses high resistance to thermal shock, great selectivity, excellent absorption rate, exhibits great surface area, high pole-molecular absorbent characteristics, etc. It does not soften, sell, or shrink when immersed in water. The product is popularly used in water treatment and oil & gas industries.

    Activated alumina is created through the process of dihydroxylation of aluminum hydroxide, resulting in the formation of a highly porous substance. This versatile material finds application in a wide range of uses, such as catalysts, desiccants, fluoride adsorbents, bioceramics, and more.

    The ability to adsorb harmful substances is present in both underground water sources and wastewater. It finds utility in different methods of water purification, effectively eliminating and capturing contaminants like PCB, lead, fluoride, copper, arsenic, and other metals with high density from the water. PCBs pose a spillage risk and have the potential to contaminate both surface and underground water reserves.

    Activated Alumina Market Report Highlights

    Market Size in 2022

    USD 0.97 billion

    Market Size in 2028

    USD 1.34 billion

    Market Growth (2023-2028)

    5.6% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    Many firms are making significant investments in research and development to broaden their product offerings and enhance their production capabilities, aiming to maintain their competitive edge in the market. The progress in technology, combined with augmented research investments, is anticipated to propel market growth and entice fresh players into the industry during the projected period.

    Some players operating in the activated alumina market are-

    • Axens
    • Honeywell International Inc.
    • BASF SE
    • CHALCO Shandong Advanced Material Co. Ltd.
    • DYNAMIC Adsorbents Inc.
    • Global Adsorbents Private Ltd.
    • Huber Engineered Materials
    • Porocel Industries LLC
    • Shandong Zhongxing New Material Technology Co. Ltd.
    • Sorbead India.

    Market Dynamics

    The growth of the activated alumina market is primarily driven by the increasing demand for water treatment applications attributed to the porous nature of alumina and adsorbing ability is expected to drive the market.

    • Increasing oil & gas production coupled with growing oil & gas exploration activities across the globe is driving the global market growth.
    • The surge in fuel demand from major end-use sectors is expected to augment the oil & gas production and supply during the forecast period, thereby boosting the product demand.
    • The increasing population coupled with rapid economic growth is expected to boost the global market growth in the Asia Pacific.
    • Activated alumina is used to recover sulfur from industrial processes, usually in petrol refineries and steel plants, which are estimated to increase market growth.

    Activated-Alumina-Market-Dynamics

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    Segments Analysis

    By Application Type

    The activated alumina market is segmented as adsorbents, desiccants, catalysts, and others. The adsorbents application segment dominated the market in 2022 and is expected to maintain its incontestable lead during the forecast period as well. Activated alumina finds use in various industries as it is considered to be a highly effective adsorbent in both liquid and gas applications. Serving as a cost-effective adsorbent for the removal of fluoride from water, it is also used to remove other contaminants such as sulfur, lead, and arsenic during water treatment.

    The increasing demand for water purification is predicted to boost the need for this product in the foreseeable future. It is utilized as a catalyst in the Claus reaction. The expansion and construction of new refineries are expected to further increase its demand in the upcoming years.

    By Sector Type

    The market is segmented as oil & gas, water treatment, chemical, and others. The water treatment segment holds the largest share of the market and is estimated to maintain its dominance during the forecast period. Growing demand for clean water, stringent regulations for effluent treatment, and supporting government initiatives to augment water treatment activities are the major factors expected to drive the consumption of activated alumina in the water treatment sector over the forecast period.

    Regional Insights

    Asia-Pacific accounted for nearly 35% of the market share in 2022 and is projected to grow at a significant CAGR during the assessment period. The region’s market growth can be attributed to the increasing oil & gas production coupled with the rapid development in the regional water treatment and chemical industries. Furthermore, the availability of raw materials, cheap labor, increasing urbanization, and rising public & private investments are some of the other major factors driving the growth of regional industries. Other driving factors such as rapid growth in population, stringent government regulations, and support initiatives to boost water treatment activities in the region, are also likely to fuel the regional market growth during the forecast period.

    The refining capacities of major countries such as India and China are anticipated to experience consistent growth, leading to an increase in product demand. The market will be driven by the rising need for freshwater supply, which is a result of the growing population in the region, in the years to come. North America and Europe are projected to possess a substantial portion of the market due to the presence of numerous oil and gas exploration companies.

    Activated-Alumina-Market-Regional-Insights

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    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The activated alumina market is segmented into the following categories.

    By Application Type

    • Adsorbents 
    • Desiccants 
    • Catalysts 
    • Others

    By Sector Type

    • Oil & Gas
    • Water Treatment
    • Chemical
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Activated-Alumina-Market-Segmentation

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    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Activated Alumina Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Activated alumina, also known as alumina or Al2O3, is a solid form of aluminum oxide. It is highly porous, possesses high resistance to thermal shock, great selectivity, excellent absorption rate, exhibits great surface area, high pole-molecular absorbent characteristics, etc. It does not soften, sell, or shrink when immersed in water. The product is popularly used in water treatment and oil & gas industries.

    The activated alumina market was estimated at USD 0.97 billion in 2022.

    The activated alumina market is likely to reach USD 1.34 billion in 2028.

    The activated alumina market is likely to grow at a CAGR of 5.6% during 2023-2028.

    Some players operating in the market are- Axens, Honeywell International Inc., BASF SE, CHALCO Shandong Advanced Material Co. Ltd., DYNAMIC Adsorbents Inc., Global Adsorbents Private Ltd., Huber Engineered Materials, Porocel Industries LLC, Shandong Zhongxing New Material Technology Co. Ltd., Sorbead India.

    Asia Pacific accounted for nearly 35% of the market share in 2022 and is projected to grow at a significant CAGR during the assessment period.

    The growth of the market is primarily driven by the increasing demand for water treatment applications attributed to the porous nature of alumina and adsorbing ability is expected to drive the market. Increasing oil & gas production coupled with growing oil & gas exploration activities across the globe is driving the market growth. The surge in fuel demand from major end-use sectors is expected to augment the oil & gas production and supply during the forecast period, thereby boosting the product demand. The increasing population coupled with rapid economic growth is expected to boost market growth in the Asia Pacific. Activated alumina is used to recover sulfur from industrial processes, usually in petrol refineries and steel plants, which are estimated to increase the activated alumina market growth.

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert- Manufacturers, Suppliers, Distributors, Organizations, and Government bodies.

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