Activated Alumina Market: Overview
Theglobal activated aluminamarket wasvalued at more than US$ 900 Mn in 2018. It is anticipated to expand at a CAGRof approximately 5.2% during the forecast period, according to a new reporttitled ‘Activated Alumina Market: Global Industry Analysis, Size, Share,Growth, Trends, and Forecast, 2019–2027’ published by Transparency MarketResearch (TMR) . Activated alumina is a highly porous and granular form ofaluminum oxide. It is used as desiccant, adsorbent, and catalyst in oil &gas, water treatment, and chemical processing industries. Activated alumina ismanufactured by dehydroxylating aluminum hydroxide. Activated alumina has highsurface area, thus ensuring excellent adsorption abilities. Asia Pacific andEurope are leading regions of the activated alumina market. The activatedalumina 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 treatmentinfrastructures in the region.
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RisingInvestment in Water Treatment Infrastructure in Developing Economies to DriveActivated Alumina Market
Waterscarcity across the globe is one of the major problems that the world isfacing. Demand for water is increasing at substantial pace due to the increasein population across the globe. According to a report published by the UnitedNations 1.8 billion people are expected to be living in geographies withabsolute water scarcity by 2050. This estimate supports the fact published byThe International Food Policy Research Institute, which estimates a 40% gapbetween the demand and supply of water across the globe over the next 15 years.Governments across the globe are investing in water treatment infrastructureand technologies fo counter these problems. For example, the Government ofChina allocates around US$ 110 Bn per year for environment protection andpollution control, which includes waste water treatment. GCC countries investedUS$ 100 Bn, during the period from 2011 to 2016 to improve desalinationtechnologies including solar energy, maximization of wastewater treatments, andwater recycling. Activated alumina is preferred as a point-of-use orpoint-of-entry water treatment device. Arsenic, lead, and fluoride are somemajor contaminants present in the water streams. Activated alumina helps removethese contaminants effectively. Thus, increase in investments in wastewatertreatment and water recycling are anticipated to drive the demand for activatedalumina in the near future.
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BeadsSegment to Gain Momentum
Thereport presents a detailed segmentation of the global activated alumina marketbased on its form and application. In terms of form, the beads segmentconstituted a major share of the global activated alumina market in 2018.Activated alumina beads offer high surface area to mass ratio and is highlyporous, which makes it a highly efficient absorbent in various applications.Activated alumina beads are extensively used in the water treatmentapplications to remove impurities such as fluoride. They are also used in oil& gas applications to dehydrate compressed air and gases such as liquidpetroleum gas (LPG) and compressed natural gas (CNG). The beads segment isanticipated to expand rapidly due to high demand for water treatmentinfrastructure across the developing economies.
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Oil& Gas Segment to Retain its Dominance
Basedon application, the oil & gas segment is projected to hold a dominant shareof the global activated alumina market during the forecast period. The segmentis likely to expand at significant growth rate from 2019 to 2027. The gasdehydration segment, which is a sub-segment of the oil & gas segment, isprojected to expand at a rapid pace during the forecast period. Activatedalumina offers diverse attributes such as high surface area to mass ratio andhighly porous structure. These attributes make activated alumina a favorablematerial for oil & gas dehydration. Demand for activated alumina productsin the water treatment industry is expected to rise due to extensive use of thematerial in water treatment plants.
AsiaPacific Accelerates in the Market
AsiaPacific 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 tocross-border investments and business expansion of companies in high-growthareas, such as India and Southeast Asia. Rise in population, rapidurbanization, and robust economic growth are major macroeconomic drivers of theactivated alumina market. Regulatory bodies and major firms across the regionare encouraging and promoting water sanitation. China is expected to become akey country of the activated alumina market in the region owing the increase ingovernment investment in the field of environment protection and pollutioncontrol, which includes water treatment infrastructure. The activated aluminamarket in Middle East & Africa is also projected to expand at a robustpace.
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ProminentPlayers in Global Activated Alumina Market
Thereport provide profiles of leading players operating in the global activatedalumina market such as BASF SE, J.M. Huber Corporation, Honeywell InternationalInc., Sumitomo Chemical Co., Ltd., Axens, Porocel, Dynamic Adsorbents, Inc.,KIN Filter Engineering Co., Limited, and Sorbead India. These players offersustainable and durable solutions to clients. Innovation in absorptiontechnologies through R&D is one of the approaches adopted by thesecompanies.
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