Activated alumina helps maintain the integrity of pipelines and equipment by eliminating contaminants, preventing corrosion and ensuring the longevity of critical infrastructure. This purification process is particularly vital in industries where precise gas composition is essential, enhancing product quality and process efficiency. The versatility and efficiency of activated alumina make it an indispensable material for meeting stringent purification requirements, contributing significantly to the reliability and performance of various industrial applications.
According to Data Bridge Market Research analyses, the Global Activated Alumina Market is expected to reach USD 256.92 million by 2030, which is USD 163.65 million in 2022, registering a CAGR of 5.80% during the forecast period of 2023 to 2030.
"Rise in usage of gas as an alternative fuel boosts the market growth"
The rising usage of gas as an alternative fuel is a key driver for the global activated alumina market. As the demand for cleaner and more sustainable energy sources grows, activated alumina plays a crucial role in the gas purification process. Activated alumina is widely utilized in gas drying applications, removing impurities and moisture from gases such as natural gas and hydrogen. With increasing focus on environmental sustainability and stringent regulations, the market for activated alumina is propelled by its essential role in enhancing the efficiency and purity of gases, thereby contributing to the global shift towards cleaner energy solutions.
What restraints the growth of global activated alumina market?
“Increasing availability of substitutes hinders the market growth”
The global activated alumina market faces a restraint in its growth due to the increasing availability of substitutes such as zeolites and activated carbon. Zeolites offer comparable adsorption capabilities, while activated carbon is recognized for its versatile adsorption properties. This competition poses a challenge to the activated alumina market as end-users explore alternative options that may provide similar or even enhanced performance in various applications. The cost-effectiveness and specific functional advantages of zeolites and activated carbon contribute to their growing preference, limiting the market expansion for activated alumina.
Segmentation: Global Activated Alumina Market
The global activated alumina market is segmented on the basis of function, form, application, and end-use.
- On the basis of function, the global activated alumina market is segmented into adsorption, catalysis, and desiccation
- On the basis of form, the global activated alumina market is segmented into beads, and powder
- On the basis of application, the global activated alumina market is segmented into catalyst, desiccant, fluoride adsorbent, bio ceramics, vacuum systems filtering substance, medical applications, drying agent, and vacuum systems
- On the basis of end-use, the global activated alumina market is segmented into water treatment, oil and gas, plastics, healthcare, and others
Regional Insights: Asia-Pacific is expected to dominate the Global Activated Alumina Market
The Asia-Pacific is expected to dominate the activated alumina market, driven by a significant number of refining capacities and a growing demand for fresh water supply. The region's dominance in revenue growth and market share is attributed to increased government investments in water treatment technologies and infrastructure. Additionally, a surge in gas demand further contributes to the market's expansion in the Asia-Pacific, highlighting the region's pivotal role in the growth of activated alumina applications.
The North America is expected to experience rapid development during the forecast period of 2023-2030, driven by increased production and refinery expansion. The region's robust growth can be attributed to a surge in industrial activities, particularly in the manufacturing and refining sectors. The expansion of production facilities and refineries signifies a heightened demand for energy resources, reflecting the region's economic dynamism. This trend positions North America as a key player in the global industrial landscape, contributing significantly to the economic growth and energy sector advancements.
To know more about the study visit, https://www.databridgemarketresearch.com/ko/reports/global-activated-alumina-market
Recent Developments in Global Activated Alumina Market
- In 2022, NDL Industries innovated with XH11 desiccant featuring activated alumina and charcoal, safeguarding refrigeration systems. This versatile desiccant is offered in shells, suction line, biflow, liquid line, coupled with replaceable cores featuring press-fit ends, flare, and sweat connections
- In 2021, Spectrum Filtration unveiled the AerMax 500 designed for schools, offices, and commercial/industrial spaces. Combining activated alumina impregnated-KMnO4 and zeolite, these filters effectively eliminate hazardous gases and odors. The AerMax 500 operates with an auto-mode function, incorporating sensors and TVOC detection for enhanced efficiency
The Prominent Key Players Operating in the Global Activated Alumina Market Include:
- BASF SE (Germany)
- Honeywell International Inc. (U.S.)
- Sumitomo Chemical Co., Ltd. (Japan)
- Porocel (U.S.)
- Axens (France)
- AGC Chemicals Pvt. Ltd. (India)
- Sorbead India (India)
- Shandong Zhongxing New Material Technology Co.,Ltd (China)
- Luoyang Xinghua Chemical Co.,Ltd (China)
- Hengye Inc. (U.S.)
- J.M. HUBER CORPORATION (U.S.)
- Garg Chemical Company (India)
- Merck KGaA (Germany)
- Baltimore Innovations Ltd (U.K.)
Above are the key players covered in the report, to know about more and exhaustive list of global activated alumina market companies contact, https://www.databridgemarketresearch.com/ko/contact
Research Methodology: Global Activated Alumina Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
