Activated Alumina Market: Overview
The global activatedalumina market was valued at more than US$ 900 Mn in2018. It is anticipated to expand at a CAGR of approximately 5.2% during theforecast 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 highlyporous 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 adsorptionabilities. Asia Pacific and Europe are leading regions of the activated aluminamarket. The activated alumina market in Asia Pacific is projected to expand ata CAGR of around 6% during the forecast period owing to the high growth in thewater treatment infrastructures in the region.
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Rising Investment in WaterTreatment Infrastructure in Developing Economies to Drive Activated AluminaMarket
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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Beads Segment to Gain Momentum
The reportpresents a detailed segmentation of the global activated alumina market basedon its form and application. In terms of form, the beads segment constituted amajor share of the global activated alumina market in 2018. Activated aluminabeads offer high surface area to mass ratio and is highly porous, which makesit a highly efficient absorbent in various applications. Activated aluminabeads are extensively used in the water treatment applications to removeimpurities such as fluoride. They are also used in oil & gas applicationsto dehydrate compressed air and gases such as liquid petroleum gas (LPG) andcompressed natural gas (CNG). The beads segment is anticipated to expandrapidly due to high demand for water treatment infrastructure across thedeveloping economies.
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Oil & Gas Segment to Retain itsDominance
Based onapplication, the oil & gas segment is projected to hold a dominant share ofthe global activated alumina market during the forecast period. The segment islikely 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.
Asia Pacific Accelerates in theMarket
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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Prominent Players in GlobalActivated Alumina Market
The reportprovide profiles of leading players operating in the global activated aluminamarket such as BASF SE, J.M. Huber Corporation, Honeywell International Inc.,Sumitomo Chemical Co., Ltd., Axens, Porocel, Dynamic Adsorbents, Inc., KINFilter 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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