Activated Alumina Market is segmented by Function (Adsorption, Catalysis, Desiccation), Form (Beads, Powder), and Application (Water Treatment, Oil & Gas, Chemicals, Healthcare) and Geography.
The Activated Alumina Market is anticipated to grow at a CAGR of 6.6% from 2021 to 2028 reaching a market size value of USD 1.4 billion by 2028.
Activated Alumina is a form of aluminum oxide that is solid and porous. Heating the compound and removing the moisture from it is the common process done by manufacturers. It is preferred in most industrial processes because of its high surface area and porous consistency. The growth of this market is mainly attributed by the increasing demand for decontaminated water, pharmaceutical production demands, investments in research and development and the beneficial properties of the activated alumina.
This is also abundantly used in desiccation, fluoride adsorption, catalysis, vacuum systems, food preservatives, removing trace metals and acidic impurities from organic streams, as well as de-fluoridation of drinking water. It is a widely known industrial desiccant because of its good adsorption qualities.
COVID-19 Impact on the Activated Alumina Market
In 2020, the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA) has reported that, there is an estimated 3.5% contraction in the market due to the global economic crisis brought about by the pandemic. Major companies are having a difficult time dealing with the uncertainties caused by the negative impact of COVID-19 in their industries. The widespread infection and how governments control it, severity of outbreak, duration of lock downs and travel restrictions are the main restraints holding the growth in the activated alumina market.
There is a disruption of the supply chain, and has affected distribution and manufacturing in facilities in prominent companies across the globe and ever since then, demand for activated alumina has decreased. This can be considered a big set back in the growth of the market because if manufacturing and distribution of products are affected, production and sales will also be negatively affected making it challenging for these companies to meet demands of end users. Suppliers of activated alumina also had the challenge of exporting and importing raw materials for processing of their products since there have been borders restriction resulting to fewer sales and availability of activated alumina.
On a positive note, since governments around the world are pushing forth with the distribution of vaccines to control the widespread infection, lock downs previously imposed were slowly being lifted in countries. This has made a significant improvement in the activated alumina market because operations and manufacturing processes are being resumed, thus, production and distribution of supplies can be had in no time. The economic collapse made this market vulnerable, but the main growth attribute is the improvement in handling and controlling the infection, thus, resulted in easing of restrictions.
Key Findings in the Global Activated Alumina Market Study
In terms of function, it is segmented into adsorption, desiccation, catalysis, and other functions. The adsorption segment is projected to have the largest share accounted for in the market in 2021. This is mainly attributed to demands for decontaminated water in different industries, stricter protocols and regulations for sustainability, and the concentration in providing for clean, potable water in countries with large populations.
In terms of form, it is segmented into, beads and powder. The beads segment has the largest share expected in the market in 2021, this is because alumina beads are more demandable for water treatment processes in developing countries and water issue concerns raised to the government.
In terms of application, it is segmented into, water treatment, oil & gas, chemical, and healthcare. The eater treatment segment is expected to have the largest share accounted for in the market in 2021. this growth is also attributed to the high demands for decontaminated water, sustainability mandates, and high demand in treating water in developing countries.
Regional Market Analysis
North America is expected to have the largest share accounted for in the market in 2021. Next would be Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Asia Pacific, on the other hand, will be projected to have the fastest growing regional market that can be attributed to the increasing demand for decontaminated water, rise in the pharmaceutical production, and support from the government in promoting hydrogen fuel in the said region.
Share and Competition of Key Players
The major key players in this market are profiled based on their competitive landscape on the basis of an extensive assessment of its key strategic developments. These companies are, BASF SE (Germany), Sumitomo Chemical Co., Ltd. (Japan), Honeywell International, Inc. (U.S.), J.M. Huber Corporation (U.S.), Porocel Corporation (U.S.), AGC Chemicals Pvt. Ltd. (India), Axens SA (France), Dynamic Adsorbents, Inc. (U.S.), Sorbead India (India), and Camfil Group (Sweden).
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Industry Segmentation and Revenue Breakdown
Activated Alumina Market, by Function Analysis (Revenue, USD Million, 2021 - 2028)
• Other Functions
(Note – Other functions include hydrogen generation and gas and liquid purification)
Form Analysis (Revenue, USD Million, 2021 - 2028)
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Water Treatment
• Oil & Gas
• Other Applications
(Note – Other applications include textiles, edible oil, and inorganic gases.)
Region Analysis (Revenue, USD Million, 2020 – 2028)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Activated Alumina Industry Research Report
• Europe Activated Alumina Industry Research Report
• Asia Pacific Activated Alumina Industry Research Report
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