The rapid growth of end-use verticals such as water treatment, oil & gas, and plastics in emerging economies such as Brazil, South Africa, and African economies will drive the activated alumina market in Latin America and the Middle East & Africa regions over the forecast period. Growing GDP in the Asia Pacific region attributable to industrial and economic development in countries such as India and China has escalated sectors such as water treatment, healthcare among others, which had significantly contributed to the growth of the region. Rising expenditure in water treatment infrastructure, combined with the increasing demand for gaseous and liquid drying in the oil & gas industry, will accelerate the activated alumina market in China during the forecast period.
Based on grades the activated alumina market can be
further bifurcated into AA300 and AA400. AA300 activated alumina is a desiccant
grade absorbent, mainly used for drying air or other steam gasses due to its
efficient adsorption capacity of water vapor, resulting in increased usage as a
catalyst for natural gas operations and smelters, to prevent environmental
pollution caused by hydrogen peroxides.
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Activated
alumina is a dry, granular chemical substance produced by de-hydroxylation
i.e., the removal of hydroxyl group ion from aluminum hydroxide. This compound
is treated as a desiccant, catalyst and used for filtering fluoride, arsenic
and selenium in drinking water. Activated alumina has a high surface area to
weight ratio due to its extensive pore structure, which is resistant to thermal
shock and abrasion, and will not shrink, swell or soften when placed in water.
Further, the
demand for activated alumina has increased due to its growing application in
diverse industrial division for liquid and gas dehydration, reaction catalyst,
biomaterial, etc., along with the rising R&D in the healthcare sector for
bone and dental implants surgeries and production processes in nutraceuticals
and biopharmaceuticals will augment the growth of the overall market.
Whereas on the
other hand, reduction in adsorption capacity, threat from substitutes and high
regeneration cost in some of the end-use segments, are likely to affect
activated alumina market. Nevertheless, the growing demand for activated
alumina from the natural gas industry and economic growth in the developing
nations in Asia Pacific are anticipated to offer potential opportunities for
leading companies.
Global
activated alumina market can be segmented into different forms based on
product, grade, application, and end-use industry. On the basis of product,
activated alumina is classified into, powdered and sphered form.
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The
application areas of the activated alumina industry are fluoride adsorbent,
desiccant, catalyst, refractory additives, bioceramics, and others which
include drying agent, medical application, vacuum system, etc. Increasing application
scope of activated alumina as a catalyst in oil & gas and plastic
industries will contribute to the growth of this segment over the forecast
period.
Based on end-use industries, global activated
alumina market can be segmented into oil & gas, water treatment industry,
plastic industry, pharmaceutical, and others (constructions, refining, etc.) In
the oil & gas sector activated alumina is essentially used for evaporating
gases such as cracked gas, natural gas, LNG, etc. In the water treatment facility,
activated alumina is used for adsorption of heavy-metals such as arsenic,
uranium, selenium, and lead from water streams.
The rapid
growth of end-use verticals such as water treatment, oil & gas, and
plastics in emerging economies such as Brazil, South Africa, and African
economies will drive the activated alumina market in Latin America and the
Middle East & Africa regions over the forecast period. Growing GDP in the
Asia Pacific region attributable to industrial and economic development in
countries such as India and China has escalated sectors such as water
treatment, healthcare among others, which had significantly contributed to the
growth of the region. Rising expenditure in water treatment infrastructure,
combined with the increasing demand for gaseous and liquid drying in the oil
& gas industry, will accelerate the activated alumina market in China
during the forecast period.
The
activated alumina market competitive landscape includes key players such as
Albemarle Corporation, BASF, Shayan Corporation, Axens, Baltimore Innovations,
Honeywell International, Huber, Luoyang Xinghua Chemical Company, Porocel
Industries, Sumitomo Chemical, Jiangsu Sanji, Sorbead India, Dynamic Adsorbents
Inc, Sigma Aldrich, AGC Chemicals and Sialca Industries. In order to attain a
dominant position in the global market, these players are focusing on research
and development activities to introduce technological advancement and
innovation.
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