Activated Alumina Market Analysis | 2023-2028

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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Market Dynamics

Introduction

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.

Market Drivers

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.

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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.

Note: The above list does not necessarily include all the top players in the market.

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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.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects activated alumina market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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)

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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.

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