The global activated alumina market size is expected to reach USD 1.03 billion by 2028 according to a new study by Polaris Market Research. The report “Activated Alumina Market Share, Size, Trends, Industry Analysis Report, By Application (Catalyst, Adsorbent, Desiccant, Drying Agent); By Form; By End-Use; By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for activated alumina is expected to increase during the forecast period owing to wide applications in industries such as chemical, healthcare, and oil & gas. The growing need to provide clean water to communities worldwide, rising industrialization, and declining water reserves has increased the demand for activated alumina.
Several government initiatives, the implementation of smart cities, and wastewater treatment directives support the market's growth. However, the COVID-19 outbreak has restricted the industry by adversely impacting the chemical, oil & gas, and plastics industries. The industry has experienced operational challenges, disruption of the supply chain, and workforce impairment during the pandemic.
On the basis of application, the market is segmented into the catalyst, adsorbent, desiccant, drying agent, and others. The adsorbent segment dominated the global industry in 2020. The product is utilized for the separation of components for liquids and gases. It removes contaminants such as fluoride, sulfur, and lead, among others.
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There have been increasing concerns regarding water pollution, boosting the growth. The increasing application of the product as an adsorbent in the oil & gas and chemical industries, coupled with the establishment of new refinery projects, supports the growth of this segment.
The water treatment segment accounted for a significant share in 2020 due to a greater need for clean water, more substantial water safety concerns, and regulations regarding effluent treatment. Significant investments in technological advancements, extensive research & development activities, and increasing industrialization leading to wastewater generation are expected to support growth further.
The leading industry participants include BASF SE, Devson Catalyst, The Camfil Group, Evonik Industries AG, Jiangsu Jingjing New Material Co. Ltd, Honeywell International Inc., Porocel Industries LLC, Axens, Honeywell International, Sumitomo Chemical Co., Ltd., Chempack Co. Ltd, Sorbead India, Dynamic Adsorbents, Inc., Sialca Industries, and Huber Engineered Materials.
Polaris Market Research has segmented the Activated Alumina market report on the basis of form, application, end-use, and region:
Activated Alumina, Form Outlook (Revenue, USD Million, 2016 - 2028)
Activated Alumina, Application Outlook (Revenue, USD Million, 2016 - 2028)
Activated Alumina, End-Use Outlook (Revenue, USD Million, 2016 - 2028)
Activated Alumina, Regional Outlook (Revenue, USD Million, 2016 - 2028)