Activated Alumina Market Worth Around US$ 1.5 Bn by 2026
Acumen Research and Consulting, recently published report “Activated Alumina Market - Global Industry Analysis, Market Size, Share and Forecast, 2019 - 2026”
LOS ANGELES, May 17, 2019 (GLOBE NEWSWIRE) -- The Global Activated Alumina Market is estimated to grow at CAGR above 5.2 % over the forecast time frame 2019-2026 and reach the market value around USD 1.5 billion by 2026.
The highly porous and granular aluminum oxide is activated alumina. It is used in the oil & gas, water treatment and chemical processing industries as a desiccant, adsorbent and catalyst. The dehydroxylating aluminum hydroxide produces activated alumina. The high surface area of activated alumina ensures excellent adsorption. The leading regions of the active alumina market are Asia-Pacific and Europe. Due to high growth in the area's water treatment infrastructure, the activated market for alumina in Asia Pacific is expected to expand at a CAGR of around 6 percent during the forecast period.
This report presents a detailed segmentation in form and application of the global alumina market. The beads segment formally represented a large part of the world's market in alumina activated in 2018. Alumina beads are highly porous and offer a high surface-to-mass ratio, which makes them extremely efficient absorbent in several applications. In water treatment applications, activated alumina beads are widely used to eliminate adulterations such as fluoride. The dry air and gasses, for instance compressed natural gas (CNG), and liquid petroleum gas (LPG), are also used in oil / gas applications.
Water shortages worldwide are one of the biggest problems facing the world. The increase in population around the world has led to a considerable increase in water demand. According to a United Nations report, 1.8 billion individuals will live in areas where water scarcity is absolute by 2050. This estimate supports the fact published by the IFF, which estimates a 40 percent gap between worldwide demand and water supply over the next 15 years. Worldwide governments invest in water and technology infrastructure to tackle these problems. For example, the Chinese government allocates around EUR 110 billion per year, including the treatment of waste water, for the protection of the environment and for pollution control. GCC countries have invested $100 billion in improved wastewater treatment and water recycling technologies during the period 2011 to 2016 including solar power. Activated alumina is preferred as a water treatment point or point of entry. Some major contaminants in water streams include arsenic, lead and fluoride. Activated alumina helps to effectively remove these pollutants.
Application Stance
On the basis of the application, a dominant share of the global activated market for alumina is projected to exist in the oil and gas sector during the forecast time. The segment is expected to expand significantly between 2019 and 2026. During the forecast period, the gas dehydration segment, which is a subsection of the oil & gas sector will expand rapidly. Activated alumina offers various attributes like high mass surface and porous structure. The activated alumina is a favorable material for dehydration of oil and gas.
The main regions of the active alumina market were Asia-Pacific and Europe in 2018. The Asia-Pacific market is expected to expand quickly as a result of cross-border investment and corporate expansion in growth-related areas like India and Southeast Asia. Population rise, rapid residential development and strong economic growth are the main drivers of the activated alumina market. Increasing and supporting water sanitation are regulatory bodies and major companies across the region. China, due to increasing government investments in environmental protection and pollution control including water treatment infrastructure, is expected to become the leading country on the region's active alumina market. The Middle East & Africa activated alumina market will grow at a robust pace as well.
Key Players & Strategies
The Report includes profiles of key players in the global market of active alumina including BASF SE, JM Huber Corporation, Sumitomo Chemical Co., Ltd, Axens, Porocel, KIN Filter Engineering Co., Dynamic Adsorbents, Inc., and Sorbead India. These players provide customers with sustainable and sustainable solutions. One of the approaches adopted by these companies is innovation in absorption technologies by R&D.
