Transparency Market Research has published a new research report titled “Activated Alumina Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” to their report store.
Albany, NY -- (SBWIRE) -- 09/06/2016 -- Transparency Market Research has published a new report titled "Activated Alumina Market for Reaction Catalyst, Oil & Gas, Water Treatment, Biomaterial, and Other End-users – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024." According to the report, the global activated alumina market was valued at US$ 770.6 Mn in 2015 and is anticipated to reach US$ 1,108.9 Mn by 2024, expanding at a CAGR of 4.2% between 2016 and 2024.
Activated alumina is widely used as catalyst carrier, desiccant, and adsorbent in various end-use industries. It is available in different forms such as balls, powders, and beads. Activated alumina is extensively employed in oil & gas and water treatment industries as it offers high porosity and surface area. It is also used to cover areas with friction in body prostheses owing to its superior mechanical characteristics. Activated alumina can also be regenerated with the help of compressed air drying. This regenerated activated alumina is employed in applications such as pharmaceutical, pneumatic operations, and textile.
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Activated alumina is prominently used in reaction catalyst, oil & gas, and water treatment industries. Increase in investment in water treatment infrastructure coupled with rise in demand for oil & gas has been fueling the demand for activated alumina since the last few years. This trend is expected to continue during the forecast period. However, factors such as threat from substitutes and high regeneration cost in some of the end-users segments can affect market growth. Product improvement and exploration of new end-users are projected to provide lucrative growth opportunities for the activated alumina market.
In terms of volume, oil & gas held significant share in the global activated alumina market, followed by water treatment, in 2015. Activated alumina is extensively used as a desiccant to dehydrate gases and liquids in the oil & gas industry. It is used to remove moisture from natural gas, which can condensate in pipelines to form hydrates, a crystalline structure of water. Furthermore, activated alumina is employed in the point-of-use or point-of-entry water treatment devices to remove and purify water bodies including excess nutrients and heavy metals. Activated alumina is primarily employed as a catalyst in the Claus process for the removal of hydrogen sulfide and carbon disulfide to yield elemental sulfur.
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In terms of volume, Asia Pacific accounted for a significant share in activated alumina market in 2015. The region is anticipated to lead the market during the forecast period owing to high demand for activated alumina in oil & gas and water treatment industries. Europe and North America held substantial market share in 2015; however, demand for activated alumina is projected to remain stable in these regions due to the average growth of oil & gas and water treatment industries. Middle East & Africa is projected to be a lucrative market for activated alumina in the next few years owing to the rise in production of oil & gas coupled with increase in demand from water treatment solutions.
The activated alumina market has been divided into the following segments.
Activated Alumina Market – End-user Analysis
-Oil & Gas
-Others (Including Pharmaceutical, etc.)
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