Stratview Research has published a new report titled “Activated Alumina Market” which is segmented by Application Type (Adsorbents, Desiccants, Catalysts, and Others), by Sector Type (Oil & Gas, Water Treatment, Chemical, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market was expected to grow from USD 0.91 billion in 2021 to USD 1.34 billion by 2028 at a CAGR of 5.5% during the forecast period 2022-2028. Increasing oil & gas production coupled with growing oil & gas exploration activities across the globe is driving the market growth. In addition, 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.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
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.
Which Region is expected to remain the largest market?
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.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players acting in the Activated Alumina Market:
- 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.
Key questions answered by the report
- What is the projected CAGR for revenue from the Activated Alumina Market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Activated Alumina Market?
- Which are the major market players?
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