Introduction
Activated alumina is a granular chemical, which is produced by the dihydroxylation of aluminum hydroxide. It offers numerous benefits such as high surface-area-to-weight ratio, low abrasion, low-pressure drops, and excellent crush strength.
Activated alumina is used as a desiccant (adsorbent), catalyst and support for the catalyst. The substance is primarily for the filtration of water to remove harmful fluorides and arsenic particulates from it. It is also used to recover sulfur from industrial process usually in petrol refineries and steel plants.
Increasing concerns related to water pollution by fluorine and gaining significance of activated alumina in the pharmaceutical industry are driving the market demand. However, availability of substitutes and high cost of material are challenging the market growth
Along with this, the recovering manufacturing activities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Market Overview
The Global activated alumina market is expected to have incremental growth of $326.0 million during 2020-2025.
Growth momentum is expected to accelerate during the forecast period with 5.22% CAGR.
Factors such as rising demand for clean water, shrinking water reserves, and implementation of new water treatment facilities are driving the growth of the market.
APAC is dominating the market due to growing refining capacities in India and China.
Key Trends
The increase in demand for developing a centralized facility for fluid treatment units for medium and small-scale manufacturers for complete in-situ process attaining zero discharge is the prominent trend prevailing in the market.
Emerging markets in growing economies is expected to drive the market demand in future
Increasing demand for hydrogen peroxide in the post-COVID situation is likely to offer various opportunities for the grow of the market.
Key Market Players
Some of the key players in the market are BASF, Honeywell International, Sumitomo Chemical, Porocel Industries, Axens, AGC Chemicals.
Major players focus on mergers & acquisitions, expansion of their manufacturing facilities, infrastructural development, investments in R&D facilities, and are seeking opportunities to vertically integrate across the value chain.
Growth Drivers and Challenges
Increase in demand for clean water for municipal/industrial purposes is driving the market.
Activated alumina is gaining significance in the pharmaceutical industry which is another factor driving the market
Need for ecofriendly formulations and vulnerability regarding copying of patents is hindering the market growth
Availability of substitutes such as activated carbon and zeolites are challenging the market growth.
High cost of activated alumina is also restraining the market growth.