Activated Alumina Market Forecast | 2022-2028

Market Insights

The Activated Alumina Market is expected to grow from USD 0.91 billion in 2021 to USD 1.34 billion by 2028 at a CAGR of 5.5% during the forecast period of 2022-2028.

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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 characteristic, etc.

It does not soften, sell or shrink when immersed in water. The product is popularly used in water treatment and oil & gas industries.

Key Players

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.

Market Dynamics

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.
• Increasing population coupled with rapid economic growth is expected to boost the 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.

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Segments Analysis

By Application Type

The adsorbents application segment dominated the market in 2021 and is expected to maintain its incontestable lead during the forecast period as well.

The market is segmented as adsorbents, desiccants, catalysts, and others. 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. 

By Sector Type

The water treatment segment holds the largest share of the market and is estimated to maintain its dominance during the forecast period. 

The market is segmented as oil & gas, water treatment, chemical, and others. 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.  

By Region

Asia Pacific accounted for nearly 35% of the market share since 2021 and is projected to grow at a significant CAGR during the assessment period.

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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.

This market research report is categorized into the following segments and sub-segments:

By Application Type

• Adsorbents 
• Desiccants 
• Catalysts 
• Others

By Sector Type

• Oil & Gas
• Water Treatment
• Chemical
• Others

By Region

• North America
• Europe
• Asia-Pacific 
• Rest of the World

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.

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

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.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization

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.