Innovative In Activated Alumina Market With Competitive Analysis, New Business Developments And Top Companies
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. 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.
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.
Activated alumina is preferred as a point-of-use or point-of-entry
water treatment device. Arsenic, lead, and fluoride are some major
contaminants present in the water streams. Activated alumina helps
remove these contaminants effectively. Thus, increase in investments
in wastewater treatment and water recycling are anticipated to drive
the demand for activated alumina in the near future.
Beads Segment to
Gain Momentum
The report presents
a detailed segmentation of the global activated alumina market based
on its form and application. In terms of form, the beads segment
constituted a major share of the global activated alumina market in
2018. Activated alumina beads offer high surface area to mass ratio
and is highly porous, which makes it a highly efficient absorbent in
various applications. Activated alumina beads are extensively used in
the water treatment applications to remove impurities such as
fluoride. They are also used in oil & gas applications to
dehydrate compressed air and gases such as liquid petroleum gas (LPG)
and compressed natural gas (CNG). The beads segment is anticipated to
expand rapidly due to high demand for water treatment infrastructure
across the developing economies.
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Oil & Gas
Segment to Retain its Dominance
Based on
application, the oil & gas segment is projected to hold a
dominant share of the global activated alumina market during the
forecast period. The segment is likely to expand at significant
growth rate from 2019 to 2027. The gas dehydration segment, which is
a sub-segment of the oil & gas segment, is projected to expand at
a rapid pace during the forecast period. Activated alumina offers
diverse attributes such as high surface area to mass ratio and highly
porous structure. These attributes make activated alumina a favorable
material for oil & gas dehydration. Demand for activated alumina
products in the water treatment industry is expected to rise due to
extensive use of the material in water treatment plants.
Asia Pacific
Accelerates in the Market
Asia Pacific and
Europe were key regions of the activated alumina market in 2018. The
market in Asia Pacific is anticipated to expand at a rapid pace owing
to cross-border investments and business expansion of companies in
high-growth areas, such as India and Southeast Asia. Rise in
population, rapid urbanization, and robust economic growth are major
macroeconomic drivers of the activated alumina market. Regulatory
bodies and major firms across the region are encouraging and
promoting water sanitation. China is expected to become a key country
of the activated alumina market in the region owing the increase in
government investment in the field of environment protection and
pollution control, which includes water treatment infrastructure. The
activated alumina market in Middle East & Africa is also
projected to expand at a robust pace.
Prominent Players in
Global Precast Concrete 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 R&D is
one of the approaches adopted by these companies.
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