USD 173.14 million
Global Activated Alumina Market Size, Share, Growth Analysis, By Function(Adsorption, Catalysis and Desiccation), By Form(Beads and Powder), By Application(Catalyst, Desiccant), By End User(Water Treatment, Oil and Gas) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2275 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|
Tables:
120 |
Figures:
78
Global Activated Alumina Market Insights
Global Activated Alumina Market size was valued at around USD 173.14 million in 2022 and is poised to grow from USD 183.18 million in 2023 to USD 287.59 million by 2031, at a CAGR of 5.8% over the forecast period (2024–2031).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Beads
Fastest Growth
Powder
Growth Rate
5.8% CAGR
Global Activated Alumina Market ($ Bn)
Country Share for North America Region (%)
Global Activated Alumina Market By Form ($ Bn)
Global Activated Alumina Market By Form (%)
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Global Activated Alumina Market Segmental Analysis
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.
Global Activated Alumina Market By Type, 2023 (%)
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Global Activated Alumina Market Regional Insights
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.
Global Activated Alumina Market By Region, 2024-2031
- Largest
- Fastest
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Global Activated Alumina Market Dynamics
Activated Alumina Market Drivers
Growing Demand in Alumina Beads to Bolster Market Growth
- The increased need for alumina beads for water treatment in developing countries and expanding government initiatives to address water-related concerns drive up the demand for activated alumina beads. Because of their high surface area-to-mass ratio and exceptional porosity, activated alumina beads are incredibly effective absorbents for many different applications. The dehydration of compressed gasses and air, such as compressed natural gas (CNG) and liquid petroleum gas, is another usage for these beads in the oil and gas industry (LPG).
- In the past few years, the amount of petrol used as a fuel—including CNG, LNG, and many other forms—has increased by 1.5 times. In order to prevent clogging of pipelines and corrosion brought on by water condensation, these gasses must be dry and free of pollutants. The aforementioned gasses are filtered using activated alumina to remove moisture and impurities like carbon dioxide and hydrogen sulfide. Hence, rising demand for liquid petroleum gas (LPG) and compressed natural gas (CNG) as alternative fuels is anticipated to raise the price of activated alumina and possibly spur market expansion.
Activated Alumina Market Restraints
Availability of Substitutes to Activated Alumina might Cause Hindrance in Market Growth
- Because zeolites and activated carbon are alternatives to activated alumina that have equivalent performance qualities, the availability of these products is anticipated to restrain market expansion. The major barrier for the market for activated alumina during the forecast period is also expected to be a fall in the absorption capacity of activated alumina.
- The high cost of production is one of the main obstacles for the market for activated alumina. The complicated and energy-intensive manufacturing process for activated alumina can raise the overall cost of production. In cost-sensitive sectors, activated alumina may be less competitive than other desiccant and adsorbent materials as a result.
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Global Activated Alumina Market Competitive Landscape
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
- BASF SE
- Honeywell International Inc.
- Axens
- Porocel Industries LLC
- Sumitomo Chemical Co. Ltd.
- Sorbead India
- Dynamic Adsorbents Inc.
- Santa Cruz Biotechnology, Inc.
- CHALCO
- AGC Chemicals
- Pingxiang Naike Chemical Industry Equipment Packing Co., Ltd.
- Huber Engineered Materials
- Jiangsu Jingjing New Material Co., Ltd.
- Shandong Bairui Chemical Technology Co., Ltd.
- Silica Gel Products Ltd.
- Arkema SA
- Sigma-Aldrich Corporation
- AQUAPORIN A/S
- Axens North America, Inc.
- Axens China Petroleum and Chemical Corporation (SINOPEC)
- Others.
Activated Alumina Market Recent Developments
- In March 2024, SiAT, a prominent Taiwanese manufacturer specializing in advanced nanomaterials for batteries, has unveiled a strategic collaboration with Taiwan C.S. Aluminum Corporation (CSAC). This partnership introduces carbon nanotube-coated aluminum foil, tailored to address the increasing need for faster charging and longer lifespan in lithium-ion batteries, sodium batteries, and supercapacitors.
- In March 2024, Grove Collaborative Holdings, Inc. (NYSE: GROV), a prominent sustainable consumer products company recognized as a Certified B Corporation and Public Benefit Corporation, revealed a rebrand and new product launches for its primary owned brand, Grove Co., in anticipation of Earth Month. With a fresh brand strategy prioritizing customer requirements and sustainability, the company is unveiling updates on significant sustainability endeavors and essential partnerships, aiming to maintain its leadership in the industry and reduce reliance on single-use plastic waste.
- In October 2023, Alloy Enterprises, a visionary company revolutionizing the metal fabrication sector for the future, unveils its latest product: the aluminum cold plate component. As the company enters its third year of team growth and facility expansion, this innovative tech startup is diversifying its solutions portfolio to include thermal management applications such as cold plates.
Global Activated Alumina Key Market Trends
- The demand for activated alumina in the water treatment industry has been driven by the growing need for clean water. With its ability to effectively remove contaminants and impurities from water, activated alumina can be used in a variety of applications.
- Activated alumina find widespread usage in the oil and gas sector as a desiccant and adsorbent in a wide range of applications. In the upcoming years, the demand for activated alumina is expected to rise due to the growth of this industry, particularly in emerging economies.
- In the pharmaceutical industry, activated alumina is used for a number of purposes, including the creation of catalysts and adsorbents. The industry's need for activated alumina is anticipated to be driven by the rising global demand for pharmaceutical products, especially from developing countries.
- It is anticipated that the demand for activated alumina, a crucial component in the creation of catalysts, would rise as catalysts are used more frequently in a variety of industries, including petrochemicals and pharmaceuticals.
- 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.
Global Activated Alumina Market SkyQuest Analysis
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 |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Activated Alumina Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Activated Alumina Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global 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 Global 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Activated Alumina Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Activated Alumina Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
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.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Activated Alumina Market Report Snapshots
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