The primary use of activated alumina is as a catalyst carrier, catalyst, absorbent, and desiccant in the Claus process, the manufacturing of pharmaceuticals, the oil and gas industry, and the water treatment process. Activated alumina is an extremely porous material with an enhanced surface area. As a result of this, it has a high moisture absorbing capacity. Activated alumina has superior thermal shock absorbing and mechanical properties that are a result of the dehydroxylation of aluminum oxide. Companies are likely to gain a firm ground in the global activated alumina market as they strive to accelerate their sales and present a competitive pricing strategy.
The global activated alumina market is anticipated to witness a promising 4.2% CAGR from 2016 to 2024. The revenue generated from the sales of activated alumina in 2015 was US$770.6 mn and is estimated to reach US$1,108.9 mn by the end of 2024.
The key factors behind the growing adoption of activated alumina are the incessantly mounting demand for oil and gas across the globe and rising investments and funding in the development of water treatment infrastructure. In spite of the numerous benefits activated alumina has, it is expected to face threats from the low-cost substitutes present in the market. The high cost of regeneration in the end-use segments is another factor that is likely to inhibit the growth of the global activated alumina market over the next couple of years.
In the last few years, Asia Pacific has demonstrated impressive growth by accounting a share of over 30% in 2015 in the global activated alumina market. The market witnessed this growth owing to the rising demand for activated alumina in industries such as water treatment and oil and gas. Likewise, the growing employment of activated alumina in the sulfur recovery units is further expected to bode well for the growth of the market in the region.
Companies to Capitalize on Product Diversification Growth Strategy
Activated alumina is preferred as a point-of-entry and point-of-use water device and also helps in the removal of several impurities from water. The growth of the activated alumina market is extensively dependent on the burgeoning wastewater treatment industry. In 2015, developing economies alone invested over US$103 bn in wastewater treatment and sanitation projects. Other than this, the global market for activated alumina is also expected to be augmented by the rising deployment of activated alumina in the Claus process. Product diversification is a strategy that manufacturers of activated alumina can capitalize on. To tighten their foothold in the market, present producers are focusing on integrating the operations.
Oil and Gas Industry to Generate Maximum Revenue for Market
As an absorbent and catalyst, activated alumina is gaining prominence in the oil and gas industry. The oil and gas sector accounted for a sizeable share in 2015 based on volume and is expected to rake a large share of the pie by the end of the forecast period. In this industry, activated alumina is employed for the dehydration of liquid and gas. It is further used to dry natural gas, LNG, and cracked gas.
Browse the full Global activated alumina market report at:http://www.mrrse.com/activated-alumina-market
Some of the leading manufacturers of activated alumina operating in the market are Sumitomo Che, Honeywell International Inc., Porocel Industries, BASF SE, and Albemarle Corporation.