The activated alumina demand has seen significant growth in recent years owing to an escalation in production volumes. Market reports connected to the chemicals and materials industry have been made accessible by Market Research Future which creates reports on other industry verticals that give a rough idea the current market scenarios. registering a CAGR of 5.9% during the forecast period (2022 - 2030).
The escalating demand for the Activated Alumina Market in end-user industries such as oil & gas, water treatment plants, plastics, and healthcare are expected to improve the growth of the market. The further usage of activated alumina in catalysts, bioceramics, desiccant, and fluoride adsorbent is expected to open up new avenues for expansion of the market. The rising need to ensure safe drinking water is expected to enhance the progress of the market in the forecast period.
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Global Activated Alumina Market: Segmental Overview
The segmental analysis of the market has been conducted on the basis of end-user industry, application and region.
Based on end-use industry, the market has been segmented into water treatment industry, oil & gas, healthcare, plastic industry and others. Based on application, the market has been segmented into bioceramics, fluoride adsorbents, catalysts, desiccants and others. The fluoride absorbent accounts for the lion’s share of the market and this trend is expected to continue throughout the assessment period. The segment is projected to demonstrate the highest CAGR during the review period. The growing use of fluoride absorbents in the water treatment facilities is contributing to the growth of the segment.
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Regional Insights
Geographically, the activated alumina market Industry span across five regions, namely Latin America, Europe, North America, Asia Pacific, and the Middle East and Africa.
Among all the regions, Asia Pacific is presumed to hold the major market share and is anticipated to expand at a considerable CAGR in the coming years. With rapid urbanization and industrialization, the demand for activated alumina is likely to trigger. With growing population, the need for clean water has also increased, thereby fueling the market growth in this region.
North America is considered to be the second largest region owing to the developed end-use industries such as healthcare and oil and gas. Additionally, the Shale gas boom in this region has stimulated the production and exploration activities in the U.S. which has further fueled the market growth.
The European region is the third largest market and is expected to maintain its dominance over the review period. The growth is attributed mainly due to the strict government mandates for processing of clean water and developed water treatment facilities.
Industry News
BASF produces a wide variety of customized and standard activated aluminas for catalytic and adsorption application in hydrocarbon processing. BASF Adsorbents offer are used to produce natural gas, olefins, petrochemicals, hydrogen peroxide, aromatics and catalysts.
Competitive Dashboard
Sumitomo Chemical Co (Japan)
Jiangxi Sanxin Hi-Tech Ceramics Co. Ltd (China)
Sialca Industries (India)
AGC Chemicals Pvt. Ltd (India)
Axens SA (U.S.)
Shandong Zhongxin New Material Technology Co. Ltd (China)
Huber Engineered Materials (U.S.)
Honeywell International Inc (U.S.)
BASF SE (Germany)
Porocel Industries LLC (U.S.)
Dynamic Adsorbents Inc (U.S.)
and others.
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