Activated Alumina Market To Record an Exponential CAGR By 2031

𝐀𝐜𝐭𝐢𝐯𝐚𝐭𝐞𝐝 𝐀𝐥𝐮𝐦𝐢𝐧𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏
The global activated alumina market was valued at US$ 1.0 Bn in 2021
It is estimated to grow at a CAGR of 5.2% from 2022 to 2031
The global activated alumina market is expected to reach US$ 1.7 Bn by the end of 2031

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/activated-alumina-market.html

𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬' 𝐕𝐢𝐞𝐰𝐩𝐨𝐢𝐧𝐭 𝐨𝐧 𝐀𝐜𝐭𝐢𝐯𝐚𝐭𝐞𝐝 𝐀𝐥𝐮𝐦𝐢𝐧𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨
Companies operating in the activated alumina market are focusing on key industries such as oil & gas and water treatment. Properties of activated alumina, such as absorbance, make it a valuable component for a wide range of end-users. Activated alumina is widely used in desiccation, fluoride adsorption, catalysis, vacuum systems, food preservatives, removing trace metals and acidic impurities from de-fluoridation of drinking water. Excellent adsorption capabilities of activated alumina make it a popular industrial desiccant. Mergers, acquisitions, joint ventures, and partnerships are some of the important strategies preferred by key players to expand their regional presence. Furthermore, these strategies help established players reduce competition. Apart from capacity expansions, activated alumina manufacturers are investing in R&D to develop new formulations.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3914

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐔𝐬𝐚𝐠𝐞 𝐨𝐟 𝐆𝐚𝐬 𝐚𝐬 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐅𝐮𝐞𝐥 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐀𝐜𝐭𝐢𝐯𝐚𝐭𝐞𝐝 𝐀𝐥𝐮𝐦𝐢𝐧𝐚
Consumption of gas (CNG, LNG, etc.) as a fuel has increased by 1.5 times in the last decade. These gases need to be free of contaminants and moisture in order to avoid corrosion and chocking of pipelines due to condensation of water.
The gases mentioned above are passed through activated alumina to remove moisture and impurities such as hydrogen sulfide and carbon dioxide. Activated alumina effectively removes these impurities and withstands shocks and heat without breakdown.
Natural gas is regarded as the fastest-growing source for the production of domestic energy. Thus increasing consumption of CNG and LNG as alternative fuel is anticipated to increase the demand for activated alumina.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=3914

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐜𝐭𝐢𝐯𝐚𝐭𝐞𝐝 𝐀𝐥𝐮𝐦𝐢𝐧𝐚 𝐌𝐚𝐫𝐤𝐞𝐭
In terms of volume, Asia Pacific leads the global activated alumina market, owing to rise in investment in the water treatment infrastructure, which can be attributed to an increase in industrialization and urbanization in major economies such as China, India, and Japan. Increase in government investment in water treatment infrastructure and technologies and a rise in the demand for gases, such as LPG and CNG, have augmented the demand for activated alumina in the region. Asia Pacific accounted for more than 32% share of the global activated alumina market in 2021.
In terms of volume, North America and Europe are also major markets for activated alumina. These regions accounted for 23.8% and 33.3% value share, respectively, of the global market in 2021.
Latin America is a larger market for activated alumina than Middle East & Africa; however, the market in Middle East & Africa is likely to expand at a higher growth rate during the forecast period.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=3914

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐜𝐭𝐢𝐯𝐚𝐭𝐞𝐝 𝐀𝐥𝐮𝐦𝐢𝐧𝐚 𝐌𝐚𝐫𝐤𝐞𝐭
The global activated alumina market is highly consolidated, with a small number of large-scale vendors controlling a majority of the share. Most companies are investing considerably in comprehensive research and development activities, primarily to create environment-friendly products. Expansion of product portfolios and mergers and acquisitions are key strategies adopted by prominent players. 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 are the key entities operating in the market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.