The activated alumina demand has seen significant growth in recent years owing to an escalation in production volumes. Market reports connected to the chemicals and materials industry have been made accessible by Market Research Future which creates reports on other industry verticals that give a rough idea the current market scenarios. The market is projected to develop at a CAGR of 5% in the duration of the forecast period.
The escalating demand for the activated alumina market in end-user industries such as oil & gas, water treatment plants, plastics, and healthcare are expected to improve the growth of the market. The further usage of activated alumina in catalysts, bioceramics, desiccant, and fluoride adsorbent is expected to open up new avenues for expansion of the market. The rising need to ensure safe drinking water is expected to enhance the progress of the market in the forecast period.
Get a Free Sample Now@ https://www.marketresearchfuture.com/sample_request/5593
Some of the prominent players operating in the Global activated alumina market are BASF SE (Germany), Honeywell International Inc (U.S.), Sumitomo Chemical Co (Japan), Porocel Industries LLC (U.S.), Dynamic Adsorbents Inc (U.S.)., Axens SA (U.S.), Shandong Zhongxin New Material Technology Co., Ltd (China), Huber Engineered Materials (U.S.), Jiangxi Sanxin Hi-Tech Ceramics Co., Ltd (China), Sialca Industries (India), and AGC Chemicals Pvt. Ltd (India)., among others.
Detailed Regional Analysis
The activated alumina market encompasses regions such as Europe, Asia Pacific, Latin America, North America, and the Middle East & Africa. Among these, The Asia Pacific region controls a main portion of the market and is anticipated to display considerable CAGR through the forecast period. The speedy growth of industries and urbanization is compelling the development of the activated alumina market in the Asia Pacific region. The Asia Pacific market is anticipated display a CAGR of over 5.5% through the forecast years.
Moreover, the increasing population has augmented the requirement for clean water, in turn, adding to the demand for activated alumina in the water treatment facilities in the region. Furthermore, the rising plastic and oil & gas industries in the main nations of the region such as India and China are also buoying the market’s growth. The North American region is the next major activated alumina market. The advanced end-user industries such as oil and gas and healthcare among others are adding significantly to market development. Furthermore, the shale gas boom in the region has boosted the production and exploration activities, particularly in the U.S., which is adding to the demand for activated alumina. The European region is the third major market after the North American region. The presence of developed water treatment facilities together with the strict government regulation for the processing of clean water is anticipated to be the main factor motivating the market in this region.
The Global Activated Alumina Market is segmented into the application and end-user industry.
On the basis of the application, the market is segmented into catalysts, desiccants, fluoride adsorbents, bioceramics, and others.
On the basis of end-use industries, the global activated alumina market can be further bifurcated into oil & gas, water treatment industry, plastic industry, healthcare, and others.