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Activated Alumina Market
Increase in usage of gas as alternative fuel and rise in investment in water treatment infrastructure
WILMINGTON, DELAWARE, UNITED STATES, October 26, 2023 /EINPresswire / -- The Global Activated Alumina Market is estimated to attain a valuation of US$ 1.7 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 5.2 % during the forecast period, 2022-2031.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Activated Alumina industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market.
Activated alumina is a highly porous and granular form of aluminum oxide. It is widely used as a desiccant, which means it has a strong affinity for water and is employed to remove moisture from gases and liquids. Activated alumina has a large surface area and can adsorb water molecules through a process called adsorption. Its effectiveness as a desiccant makes it valuable in various industrial applications, such as drying compressed air and natural gas, purifying liquids, and controlling humidity in enclosed spaces. Additionally, it is used in the purification of certain chemicals and as a catalyst in various chemical processes due to its porous and reactive nature.
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Here are the key findings from the market report:
.Beads Dominate the Market: In 2021, the beads category emerged as the dominant segment in the global activated alumina market, constituting over 55% of sales. Activated alumina beads are favored for their high surface area to mass ratio and excellent absorbent properties, making them highly effective in various applications. They are extensively used in water purification processes to eliminate contaminants like fluoride. Furthermore, these beads play a crucial role in dehydrating compressed gases and air, such as compressed natural gas (CNG) and liquid petroleum gas (LPG) in the oil and gas industries.
.Ideal for Water Treatment: Activated alumina is the preferred choice for point-of-entry and point-of-use water treatment systems. It excels at effectively removing key water pollutants, including sodium fluoride, lead, and arsenic. Additionally, it finds applications in treating source water, which often contains elevated levels of sulfate.
.Versatile in the Oil and Gas Industry: The oil and gas industry extensively relies on activated alumina as a desiccant. It possesses the unique ability to absorb substantial volumes of both gases and liquids without undergoing any physical or chemical changes. This versatile material is employed in dehydrating organic liquids, such as aromatic solvents, liquid petroleum gas, steam-cracked liquids, and gasoline.
Global Activated Alumina Market: Growth Drivers
.Expanding Natural Gas Usage: Natural gas, a prominent source of domestic energy production, is experiencing significant growth. This surge in demand is expected to lead to increased utilization of activated alumina for a wide range of applications, especially in the context of liquefied natural gas (LNG) and compressed natural gas (CNG) as alternative fuels.
.Dominance of the Asia Pacific Region: The Asia Pacific region is anticipated to take the lead in the global activated alumina market in terms of volume. This growth can be attributed to substantial investments in water treatment facilities, closely tied to the rapid urbanization and industrialization witnessed in major economies such as Japan, India, and China.
Activated Alumina Market: Competitive Landscape:
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.
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Activated Alumina Market Research Methodologies and Approaches
The report on the Activated Alumina market is prepared by employing well-validated research methodologies and approaches. The study authors have applied industry-validated tools for collection of data, including interviews, observations, surveys, questionnaire, and secondary research. The adoption of robust approaches for quantitative research measures makes the study offer holistic perspectives and unique.
Value Chain Analysis in Activated Alumina Market: Trends and Industry Perspectives
The study presents a comprehensive insight into the value chain of the industry or industries associated with the Activated Alumina market. It offers insights into trends shaping marketing channels that have delivered customer value. In understanding the marketspace, the business intelligence study evaluates changing consumer demands in various segments. Product/service segments where new strategies are required to attract demand are also highlighted in the study. The study offers business executives some of the pertinent consumer behavior models, which will help companies strengthen their prospects. The study offers a detailed evaluation on the changing attitudes and perceptions of customers to shed light on the potential revenue streams in the Activated Alumina market.
Some of the key aspects that the study sheds light on are:
.What are some of the recent marketing warfare strategies that have impacted the development of the Activated Alumina market?
.How are some of the large-sized players allocating funds to strategic business units to stay ahead of rivals and peers?
.What are some of the expansion strategies by new entrants and top players?
.How do new entrants intend to use business strategies for generating customer value?
.What are some of the consumer-oriented strategies by pioneers and innovators?
.How do established players intend to enter into new markets and grow their market shares during the forecast period of 2022 – 2031?
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Global Activated Alumina Market: Segmentation
Form
.Powder
.Beads
Application
.Reaction Catalyst
.Oil & Gas
.Water Treatment
.Biomaterial
.Others
Regions Covered
.North America
.Latin America
.Europe
.Asia Pacific
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Nikhil Sawlani
Transparency Market Research Inc.
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