USD 173.14 million
Report ID:
SQMIG15A2275 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
120
|Figures:
78
Activated Alumina Market size was valued at USD 183.18 Million in 2023 and is poised to grow from USD 193.8 Million in 2024 to USD 304.27 Million by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
The market is primarily driven by factors such as the increase in demand for clean water, the loss of water resources, and the construction of new water treatment facilities. It is used in so many various applications, including such bio ceramics, desiccant, fluoride adsorbent, and catalyst. It can collect dangerous contaminants in wastewater and aquifers. The removal and adsorption of PCB, lead, fluoride, copper, arsenic, and other heavy metals from water are just a few of the processes that use it. Surface and groundwater could become contaminated by PCBs in the aftermath of a spill.
The market growth in Asia Pacific is expected to be driven by rising population rates and strong economic expansion. Over the projection period, the demand for the product is likely to be driven by government initiatives, such as the beginning of various projects for the regular delivery and treatment of water. Lithium purification utilizing products are becoming increasingly popular. Batteries, lubricating greases, air treatment applications, ceramics, glass, and batteries all use lithium.
It is a popular source of energy for computers, digital cameras, cell phones, and other digital equipment. Electric and hybrid vehicles are also widely driven by it. The product uses the costly (both economically and operationally) adsorption technique to remove impurities. Due to this, despite their effectiveness and efficiency, end customers have switched to their substitutes. For the upcoming years, it will probably slow market growth.
US Activated Alumina Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 173.14 million
Largest Segment
Beads
Fastest Growth
Powder
Growth Rate
5.8% CAGR
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Activated Alumina Market is segmented based on function, form, application, end user and region. Based on function the market is segmented into adsorption, catalysis and desiccation. Based on form the market is segmented into beads and powder. Based on application the market is segmented into catalyst, desiccant, fluoride adsorbent, bio ceramics, vacuum systems filtering substance, medical applications, drying agent and vacuum systems. Based on end user the market is segmented into water treatment, oil and gas, plastics, healthcare, others. Based on region the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Activated Alumina Market Analysis by End User
The product is used in the oil and gas industry to eliminate water from natural gas streams. The most rapidly expanding source of domestic energy generation is natural gas. The main factor driving market expansion is predicted to be the installation of new refinery projects. A CAGR of 4.7% is anticipated for the plastics market. The most prevalent plastic, polyethylene, is utilized in a variety of applications. Over the forecast period, rising polythene demand is anticipated to drive product usage.
The health sector is expected to expand rapidly. Activated alumina bio ceramics were created as an alternative to surgical metal alloys and for use in tooth implants and hip prosthesis due to their anti-corrosion properties, reduced friction, and hardness. The other application segment includes the chemical, food & beverage, and nuclear industries. It is also used in high vacuum applications as a charge material in fore-line traps to inhibit oil produced by rotary pumps from streaming back into the system.
Activated Alumina Market Analysis by Application
A most popular use in 2021 was fluoride adsorbent. When drinking water is being purified, the product is used to remove fluoride. Over the forecast period, it is anticipated that an increasing demand for water purification will fuel product demand. The Claus reaction uses it as a catalyst. Over the future years, its consumption is anticipated to rise due to refinery expansion and new development. For instance, in 2021 the governments of Saudi Arabia and India signed a memorandum of understanding for the building of a refinery in India.
Applications of drying gasses and liquids also use the product. Because of its substantial surface area, it can effectively dry practically all liquids and gasses. The chemical and pharmaceutical industries' need for it is probably being driven by its qualities, such as resistance to abrasion and thermal stress. The use of bio ceramics is expected to increase substantially. High temperatures, acidic or alkaline environments, and other abrasive conditions are all capable of withstanding ceramics made of activated alumina. The use of the product in dental and bone applications is supported by these properties.
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In the Asia-Pacific region, the market for activated alumina is anticipated to grow at the fastest rate. The region's increased demand for clean water, the expansion of the oil and gas sector, and the increasing use of activated alumina in the production of pharmaceuticals all add to the material's demand. China currently has the largest market in the region for activated alumina and is expected to maintain its market dominance as a result of its sizable population, rapid industrialization, and rising investments in infrastructure development. It is anticipated that the rapidly growing water treatment sector in the nation will be the main factor of the region's demand for activated alumina. The activated alumina market is anticipated to grow rapidly in the Asia-Pacific region, with large contributions also anticipated from South Korea, Japan, and India. Market growth in these nations is anticipated to be fueled by the rising need for clean water, the growth of the oil and gas industry, and the increasing usage of activated alumina in the manufacture of catalysts and adsorbents.
North America is the dominant region in the global market of activated alumina. Due to its widespread use in a number of sectors, including petrochemicals, pharmaceuticals, and the oil and gas industry, the United States is the world's largest market for activated alumina. Due to its efficiency in eliminating contaminants and moisture from gasses and liquids as well as its capacity to enhance catalyst performance, activated alumina is in high demand in the region.
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Activated Alumina Market Drivers
Growing Demand in Alumina Beads to Bolster Market Growth
Activated Alumina Market Restraints
Availability of Substitutes to Activated Alumina might Cause Hindrance in Market Growth
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The competition is influenced mainly by the range of applications and incorporation of activated alumina in different kinds of products. The majority of companies are heavily investing in R&D in an effort to diversify their product offerings, increase their production capabilities, and maintain their market position. During the duration of the forecast period, it is anticipated that the expansion of this market will be driven by advances in technology and rising research expenditure.
Activated Alumina Market Top Player’s Company Profiles
Activated Alumina Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Activated Alumina market is primarily driven by factors such as the increase in demand for clean water, the loss of water resources, and the construction of new water treatment facilities. It is used in so many various applications, including such bio ceramics, desiccant, fluoride adsorbent, and catalyst. The market growth in Asia Pacific is expected to be driven by rising population rates and strong economic expansion. Over the projection period, the demand for the product is likely to be driven by government initiatives, such as the beginning of various projects for the regular delivery and treatment of water. Lithium purification utilizing products are becoming increasingly popular. Batteries, lubricating greases, air treatment applications, ceramics, glass, and batteries all use lithium. It is expected that the market may experience new growth opportunities as new uses for activated alumina are discovered, such as in the production of lithium-ion batteries. As a result, manufacturers may make greater investments in research and development to improve their share of the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 173.14 million |
Market size value in 2031 | USD 287.59 million |
Growth Rate | 5.8% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Activated Alumina Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Activated Alumina Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Activated Alumina Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Activated Alumina Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG15A2275
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