Activated Alumina Market is Expected to Grow at a CAGR of 7.80% from 2022 to 2028

Activated Alumina
  • Activated Alumina Market

As stated by our extensive report, the Global Activated Alumina Market accounted for1.12 USD Billionin 2021.

Activated Alumina is the solid form of aluminum oxide also referred to as alumina or Al2O3. Activated Alumina exhibits a number of characteristics and is hence used as an adsorbent, desiccant, and more in various industrial process settings. Aluminum hydroxide is extracted after the series of chemical reactions used to convert bauxite ore into alumina. Later, alumina undergoes an activation phase where the alumina structure becomes highly porous. Residence time and temperature profile are used to control the characteristics of the end product. Further, Activated Alumina has great selectivity, high crush strength, high pole-molecular absorbent characteristic, high resistance to thermal shock, and chemical attack among others.

The increase in fuel demand and huge oil & gas production volume combined with rising usage of Activated Alumina as an absorbent in the oil & gas industry is likely to fuel the growth of the market during upcoming years. The Activated Alumina is mainly used in oil and gas industry due to its ability to behave as an adsorbent or to be precise it is used in the adsorption of water from natural gas streams. Natural gas is considered to be one of the fastest-growing sources of domestic energy production. Additionally, Activated Alumina also acts as a Claus catalyst for sulfur recovery in the oil and gas industry. Furthermore, the rising demand for Activated Alumina from water treatment facilities across the globe has been the primary growth driver for the growth of the market.

However, volatile raw material prices and a lack of awareness about the benefits of Activated Alumina are expected to hamper the growth of the market in the years to come. Moreover, development in the global chemical industry is expected to create immense opportunities for the growth of the market within the forecast period. Additionally, rising population coupled with rapid economic growth in emerging economies such as China and India is also expected to create demand for Activated Alumina in near future.

Asia Pacific is projected to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. This is attributable to the rising demand for freshwater supply due to the growing population in the region. Furthermore, the increase in expenditure in water treatment infrastructure is also expected to fuel the regional growth of the market. Additionally, an increase in demand for gaseous and liquid drying in the oil and gas industry in this region is also expected to support the growth of the market in the region.

Some of the prominent players operating in the GlobalActivated Alumina Market include Sumitomo Chemical Co.; BASF SE; Porocel Industries LLC; Honeywell International Inc.; and Dynamic Adsorbents Inc..