Global Activated Alumina Market Research: Information By Application (Catalyst, Desiccant, Fluoride Adsorbent, And Bioceramics) End-Use Industry (Water Treatment, Oil & Gas, Plastics, Healthcare, Others) – Forecast Till 2023
Pune, India -- (SBWIRE) -- 09/06/2018 -- Synopsis of Activated Alumina Market:
Activated Alumina is a porous substance and is manufactured by dehydroxylating aluminum hydroxide. Activated Alumina exhibits excellent desiccant properties and is extensively used as a filter of arsenic, selenium, and fluoride. The compound has a huge surface area of over 200m/g and is used in various end-user industries such as water treatment plants, oil & gas, plastics, and healthcare among others. The major applications of Activated Alumina include as a catalyst, desiccant, bioceramics, and fluoride adsorbent among others. The growing demand from the end use industries is a major factor driving the growth of the global activated alumina market. Moreover, the growing need for clean and safe water has resulted in the growing investment in water treatment facilities throughout the globe in turn positively affecting the market of the Activated Alumina Market during the forecast years. Activated Alumina is extensively used in the water treatment facilities as an adsorbent for removal of fluoride and other harmful substances from water. Furthermore, the growing demand for the oil and gas, pharmaceuticals and plastic manufacturing industries is also expected to fuel the market growth during the forecast period substantially.
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The Global Activated Alumina Market is expected to grow at a CAGR of over 5% during the assessed period. Among the application industry, fluoride absorbent is expected to be the largest segment and is anticipated to grow at the highest CAGR during the assessed period. The growing use of fluoride absorbents in the water treatment facilities is contributing to the growth of the segment.
The Global Activated Alumina Market is segmented into the application and end-user industry. On the basis of the application, the market is segmented into catalysts, desiccants, fluoride adsorbents, bioceramics and others. On the basis of the end-use industries, the Global Activated Alumina Market can be further bifurcated into oil & gas, water treatment industry, plastic industry, healthcare, and others.
The Activated Alumina Market is segmented across five regions: Europe, Latin America, Asia Pacific, North America and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to show a considerable CAGR during the forecast period. The rapid growth of industries and urbanization is fuelling the growth of the activated alumina market in the Asia Pacific region. The Asia Pacific market is expected show a CAGR of over 5.5% during the forecast years. Moreover, the growing population has augmented the need for clean water, in turn, adding to the demand for Activated Alumina in the water treatment facilities in the region. Moreover, the growing plastic and oil & gas industries in the key countries of the region such as India and China is also fuelling the market growth. North America is the second largest Activated Alumina Market. The developed end-user industries such as oil and gas and healthcare among others are contributing substantially to the market growth. Moreover, the Shale gas boom in the region has surged the exploration and production activities, especially in the U.S., which is further adding demand for the Activated Alumina.
The Europe is the third largest market after North America. The presence of developed water treatment facilities coupled with the stringent government regulation for processing of clean water is expected to be the major factor driving the market in this region. The major countries attributing to this growth are Germany, Italy, and the U.K among others.
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