July 21, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Activated Alumina Market.
It was estimated prior to this unanticipated outbreak that the Activated Alumina Market is likely to witness a CAGR of 8.4% during the forecast period. Increasing oil & gas production coupled with growing oil & gas exploration activities across the globe is driving the market growth. In addition, 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.
Market Scope & segmentation
Activated alumina, also known as alumina, is a solid form of aluminum oxide. It is highly porous and possesses properties such as high resistance to thermal shock, excellent absorption rate, and great selectivity. Also, it exhibits remarkable surface area along with high pole-molecular absorbent characteristics. As it does not shrink or soften when immersed in water, it is popularly used in water treatment and oil & gas industries.
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.
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Based on the application type, the market is segmented as adsorbents, desiccants, catalysts, and others. The adsorbents application segment dominated the market in 2021, 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.
Based on the 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.
In terms of regions, Asia-Pacific led the activated alumina market in 2021, and is expected to maintain its indubitable lead during the forecast period as well. 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 activated alumina market growth during the forecast period.
Key players operating in the global Activated Alumina market are-
- 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.
Features of the Report
This report offers high-quality insights and is the outcome of 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.
The Activated Alumina analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- 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, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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