The global activated alumina market was valued at more than US$ 900
Mn in 2018. It is anticipated to expand at a CAGR of approximately 5.2% during
the forecast 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 highly porous 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 adsorption abilities. Asia Pacific and Europe are
leading regions of the activated alumina market. The activated alumina market
in Asia Pacific is projected to expand at a CAGR of around 6% during the
forecast period owing to the high growth in the water treatment infrastructures
in the region.
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Rising Investment in Water
Treatment Infrastructure in Developing Economies to Drive Activated Alumina
Market
Water scarcity across the globe is one of the major
problems that the world is facing. Demand for water is increasing at
substantial pace due to the increase in population across the globe. According
to a report published by the United Nations 1.8 billion people are expected to
be living in geographies with absolute water scarcity by 2050. This estimate
supports the fact published by The International Food Policy Research
Institute, which estimates a 40% gap between the demand and supply of water
across the globe over the next 15 years. Governments across the globe are
investing in water treatment infrastructure and technologies fo counter these
problems. For example, the Government of China allocates around US$ 110 Bn per
year for environment protection and pollution control, which includes waste
water treatment. GCC countries invested US$ 100 Bn, during the period from 2011
to 2016 to improve desalination technologies including solar energy,
maximization of wastewater treatments, and water recycling. Activated alumina
is preferred as a point-of-use or point-of-entry water treatment device.
Arsenic, lead, and fluoride are some major contaminants present in the water
streams. Activated alumina helps remove these contaminants effectively. Thus,
increase in investments in wastewater treatment and water recycling are
anticipated to drive the demand for activated alumina in the near future.
Beads Segment to Gain Momentum
The report presents a detailed segmentation of the
global activated alumina market based on its form and application. In terms of
form, the beads segment constituted a major share of the global activated
alumina market in 2018. Activated alumina beads offer high surface area to mass
ratio and is highly porous, which makes it a highly efficient absorbent in
various applications. Activated alumina beads are extensively used in the water
treatment applications to remove impurities such as fluoride. They are also
used in oil & gas applications to dehydrate compressed air and gases such
as liquid petroleum gas (LPG) and compressed natural gas (CNG). The beads
segment is anticipated to expand rapidly due to high demand for water treatment
infrastructure across the developing economies.
Oil & Gas Segment to Retain
its Dominance
Based on application, the oil & gas segment is
projected to hold a dominant share of the global activated alumina market
during the forecast period. The segment is likely to expand at significant
growth rate from 2019 to 2027. The gas dehydration segment, which is a
sub-segment of the oil & gas segment, is projected to expand at a rapid
pace during the forecast period. Activated alumina offers diverse attributes
such as high surface area to mass ratio and highly porous structure. These
attributes make activated alumina a favorable material for oil & gas dehydration.
Demand for activated alumina products in the water treatment industry is
expected to rise due to extensive use of the material in water treatment
plants.
Asia Pacific Accelerates in the
Market
Asia Pacific 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 to cross-border investments and business expansion
of companies in high-growth areas, such as India and Southeast Asia. Rise in
population, rapid urbanization, and robust economic growth are major
macroeconomic drivers of the activated alumina market. Regulatory bodies and
major firms across the region are encouraging and promoting water sanitation.
China is expected to become a key country of the activated alumina market in
the region owing the increase in government investment in the field of
environment protection and pollution control, which includes water treatment
infrastructure. The activated alumina market in Middle East & Africa is
also projected to expand at a robust pace.
Prominent Players in Global
Activated Alumina Market
The report provide profiles of leading players
operating in the global activated alumina market such as BASF SE, J.M. Huber
Corporation, Honeywell International Inc., Sumitomo Chemical Co., Ltd., Axens,
Porocel, Dynamic Adsorbents, Inc., KIN Filter Engineering Co., Limited, and
Sorbead India. These players offer sustainable and durable solutions to
clients. Innovation in absorption technologies through R&D is one of the
approaches adopted by these companies.
The Activated Alumina
market has been undergoing some remarkable growth dynamics, shaped increasingly
by digital technologies and environmental sustainability concerns of product
development. Over the decades, the feedstock variability and the onslaught of
cheaper substitutes have squeezed in profit margins of the chemical and materials
sector. On the other hand, the value chain of several businesses in the
Activated Alumina market has undergone overhaul, increasingly rendering some
aspiring players with greater control over the forces and demand. The
penetration of Industry 4.0 in in the market has stirred game-changing trends
for range of stakeholders in the overall chemicals and materials sector.
Manufacturing and production environments of businesses in the Activated
Alumina market are keen on formulating and implementing strategic frameworks
that will turn them into digital enterprises.
