Activated Alumina Market is Forecasted to Reach US$ 1.34 Billion in 2028, Says Stratview Research

The global Activated Alumina market is projected to witness a growth rate of 5.6% annually from 2023 to 2028, with an anticipated size of US$ 1.34 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Activated Alumina market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 1.34 billion
Growth (CAGR): 5.6% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+

Segment Insights on the Activated Alumina Market:

The global Activated Alumina market is segmented based on Sector type, Application type, and Region.

Based on application type - The activated alumina market is segmented as adsorbents, desiccants, catalysts, and others. The adsorbents application segment dominated the market in 2022 and is expected to maintain its incontestable lead during the forecast period as well. Activated alumina finds use in various industries as it is considered to be a highly effective adsorbent in both liquid and gas applications. Serving as a cost-effective adsorbent for the removal of fluoride from water, it is also used to remove other contaminants such as sulfur, lead, and arsenic during water treatment.

The increasing demand for water purification is predicted to boost the need for this product in the foreseeable future. It is utilized as a catalyst in the Claus reaction. The expansion and construction of new refineries are expected to further increase its demand in the upcoming years.

Based on sector type - The market is segmented as oil & gas, water treatment, chemical, and others. The water treatment segment holds the largest share of the market and is estimated to maintain its dominance during the forecast period. Growing demand for clean water, stringent regulations for effluent treatment, and supporting government initiatives to augment water treatment activities are the major factors expected to drive the consumption of activated alumina in the water treatment sector over the forecast period.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

Asia-Pacific accounted for nearly 35% of the market share in 2022 and is projected to grow at a significant CAGR during the assessment period. The region's market growth can be attributed to the increasing oil & gas production coupled with the rapid development in the regional water treatment and chemical industries. Furthermore, the availability of raw materials, cheap labor, increasing urbanization, and rising public & private investments are some of the other major factors driving the growth of regional industries. Other driving factors such as rapid growth in population, stringent government regulations, and support initiatives to boost water treatment activities in the region, are also likely to fuel the regional market growth during the forecast period.

The refining capacities of major countries such as India and China are anticipated to experience consistent growth, leading to an increase in product demand. The market will be driven by the rising need for freshwater supply, which is a result of the growing population in the region, in the years to come. North America and Europe are projected to possess a substantial portion of the market due to the presence of numerous oil and gas exploration companies.

Activated Alumina Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing oil & gas production coupled with growing oil & gas exploration activities across the globe is driving the global market growth.
• The surge in fuel demand from major end-use sectors is expected to augment the oil & gas production and supply during the forecast period, thereby boosting the product demand.
• The increasing population coupled with rapid economic growth is expected to boost the global market growth in the Asia Pacific.
• Activated alumina is used to recover sulfur from industrial processes, usually in petrol refineries and steel plants, which are estimated to increase market growth.

Top Companies in the Activated Alumina Market:
Stratview Research has identified the following companies as the top market players.
• Axens
• Honeywell International Inc.
• BASF SE
• CHALCO Shandong Advanced Material Co. Ltd.
• DYNAMIC Adsorbents Inc.
• Global Adsorbents Private Ltd.
• Huber Engineered Materials
• Porocel Industries LLC
• Shandong Zhongxing New Material Technology Co. Ltd.
• Sorbead India.
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Activated Alumina Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.