Activated Alumina Market: Overview
The global activated alumina market was valued at more than US$ 900 Mn in 2018. It is anticipated to expand at a CAGR of approximately 5.0% during the forecast period, according to a new report titled ‘Activated Alumina Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’ published by Transparency Market Research (TMR) . Activated alumina is a highly porous and granular form of aluminum oxide. It is used as desiccant, adsorbent, and catalyst in oil gas, water treatment, and chemical processing industries. Activated alumina is manufactured by dehydroxylating aluminum hydroxide.
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Activated alumina has high surface area, thus ensuring excellent adsorption abilities. Asia Pacific and Europe are leading regions of the activated alumina market. The activated alumina market in Asia Pacific is projected to expand at a CAGR of around 6% during the forecast period owing to the high growth in the water treatment infrastructures in the region.
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Rising Investment in Water Treatment Infrastructure in Developing Economies to Drive Activated Alumina Market
Water scarcity across the globe is one of the major problems that the world is facing. Demand for water is increasing at substantial pace due to the increase in population across the globe. According to a report published by the United Nations 1.8 billion people are expected to be living in geographies with absolute water scarcity by 2050. This estimate supports the fact published by The International Food Policy Research Institute, which estimates a 40% gap between the demand and supply of water across the globe over the next 15 years. Governments across the globe are investing in water treatment infrastructure and technologies fo counter these problems. For example, the Government of China allocates around US$ 110 Bn per year for environment protection and pollution control, which includes waste water treatment. GCC countries invested US$ 100 Bn, during the period from 2011 to 2016 to improve desalination technologies including solar energy, maximization of wastewater treatments, and water recycling.
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Prominent Players in Global Activated Alumina Market
The report provide profiles of leading players operating in the global activated alumina market such as BASF SE, J.M. Huber Corporation, Honeywell International Inc., Sumitomo Chemical Co., Ltd., Axens, Porocel, Dynamic Adsorbents, Inc., KIN Filter Engineering Co., Limited, and Sorbead India. These players offer sustainable and durable solutions to clients. Innovation in absorption technologies through RD is one of the approaches adopted by these companies.
The global activated alumina market has been segmented as follows:
Global Activated Alumina Market: Segmentation
- Reaction Catalyst
- Oil Gas
- Gas Dehydration
- Liquid Dehydration
- Water Treatment
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