Will Surging Demand for Modern Medicines and Clean Drinking Water Drive the Adoption of Activated Alumina?
Category: Chemicals & Materials Published Date : Sep-23 ID: CVC0102 Format: PDF Pages: 300
As per rigorous research by ChemView Consulting, our analysts believe that the global activated alumina market will grow at a 5.5% CAGR during the period 2023–2033 to reach a valuation of US $1,438.9 million by 2033.
1. Which is the largest market for activated alumina?
The biggest market for activated alumina is East Asia. As per our analysis, East Asia holds nearly 35.1% share of the activated alumina market.
2. What is the largest application segment within the activated alumina market?
As per Chem View Consulting, the largest segment by application is reaction catalyst. As per our analysis, this segment accounts for nearly 46.7% of total revenues.
3. At what rate is the activated alumina market expected to grow?
The activated alumina market is expected to grow at a CAGR of 5.5% during the period 2023–2033.
4. What are the major trends influencing the activated alumina market?
5. Who are the leading players in the activated alumina market?
The key companies in the activated alumina market are BASF SE, Sorbead India, Evonik Catalyst, Huber Engineered Materials, Axens, Sigma-Aldrich, Sumitomo Chemical Co., Ltd., Porocel Corporation, Honeywell International Inc., and Garg Chemical Company.
US Activated Alumina Market Forecast
Europe Activated Alumina Market Outlook
Japan Activated Alumina Market Forecast
China & India Activated Alumina Market Forecast
By Particle Size
Based on particle size, the 5–10 mm segment is expected to remain at the forefront of activated alumina market share over the assessment period. The growth is mainly due to its use for specific applications where particle size counts, delivering superior efficiency and performance compared to other sizes.
Moreover, the 5–10 mm size range may offer excellent pore size distribution for specific applications, enabling successful adsorption and purification procedures. This may make it a popular option in sectors including petrochemicals, water treatment, and gas drying, which will aid in its expansion.
Furthermore, in industries like oil refining and petrochemicals, activated alumina in the 5–10 mm range can serve as an excellent catalyst support owing to its size and surface area. This may improve catalytic reactions and increase demand in this market.
By Application
Based on application, the reaction catalyst segment is set to account for 46.7% of the activated alumina market share over the assessment period. The growth is mainly because catalysts are crucial to the petrochemical and chemical industries’ ability to speed up reactions and increase the effectiveness of their processes. As these sectors expand globally, the need for efficient catalysts such as activated alumina rises.
In addition, catalysts are used in a variety of processes in the refining sector, including hydrocracking and catalytic reforming. With rising demand for refined petroleum products, there is a corresponding demand for efficient catalysts to optimise production processes.
By End Use
Based on end use, the oil & gas segment is expected to remain at the forefront of activated alumina market share over the assessment period. The growth is mainly because the oil and gas sector deals with a variety of contaminants, including fluoride and arsenic, which can be found in natural gas and other fluids. Activated alumina can effectively absorb these pollutants, making it useful for purification and treatment processes.
Additionally, as oil and gas exploration and production activities rise, demand for effective purification and treatment processes grows. The versatility of activated alumina makes it an ideal tool for verifying the quality and purity of extracted hydrocarbons.
The key companies in the activated alumina market are BASF SE, Sorbead India, Evonik Catalyst, Huber Engineered Materials, Axens, Sigma-Aldrich, Sumitomo Chemical Co., Ltd., Porocel Corporation, Honeywell International Inc., and Garg Chemical Company.
Recent Developments:
As per our analysis, the companies that hold the largest share in the market are
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Sumitomo Chemical Co., Ltd.
Founded in 1913 and with headquarters in Chuo City, Tokyo, Japan, it is a chemical company.
Honeywell International, Inc.
Founded in 1906 and with headquarters in Charlotte, North Carolina, United States, it is a publicly traded international conglomerate corporation.
Porocel Corporation
Founded in 1937 and located in Houston, Texas, United States, it is a global, innovative leader in catalyst services, as well as a major provider of activated alumina, specialty adsorbents, and support media.
Sigma-Aldrich
Founded in 1975 and with headquarters in St. Louis, Missouri, United States, it is a corporation involved in biotechnology, life sciences, and chemicals.
Garg Chemical Company
Established in 1976 and located in Madhya Pradesh, it manufactures, exports, and wholesales products like molecular sieves, silica gel, and more.
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1.1. Research Scope And Premise
1.2. Research Methodology
1.3. Market Estimation
2.1. Summary Snapshot, 2023 - 2033
4.1. Activated Alumina Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market Indicators Analysis
4.2.2. Market Drivers Analysis
4.2.3. Market Restraints Analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Etop Analysis
4.6. Porter’s Five Forces Analysis
4.7. Price Trend Analysis
4.8. Customer Mapping
4.9. Global Recession Influence
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Particle Size, 2023-2033
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By Particle Size, 2023-2033
5.3.1. Powder
5.3.2. 0.5-2mm
5.3.2.1 2-5mm
5.3.2.2 5-10mm
5.4 Y-o-Y Growth Trends Analysis By Particle Size, 2023- 2033
5.5 Absolute $ Opportunity By Particle Size, 2023- 2033
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2023-2033
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2023-2033
6.3.1. Reaction Catalyst
6.3.2. Desiccant
6.3.3. Biomaterial
6.3.4. Adsorbent
6.3.5. Other
6.4. Y-o-Y Growth Trends Analysis By Application, 2023- 2033
6.5. Absolute $ Opportunity By Application, 2023- 2033
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2023-2033
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2023-2033
7.3.1. Oil & Gas
7.3.2. Water Treatment
7.3.3. Petrochemicals
7.3.4. Fertilizers
7.3.5. Air Treatment
7.4. Y-o-Y Growth Trends Analysis By End Use, 2023- 2033
7.5. Absolute $ Opportunity By End Use, 2023- 2033
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2023-2033
8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2023-2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9.1. Market Revenue Share By Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market Positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
10.1. BASF SE
10.1.1 Company Overview
10.1.2 Financial Performance
10.1.3 Technology Insights
10.1.4 Strategic Initiatives
10.2. Sorbead India
10.2.1 Company Overview
10.2.2 Financial Performance
10.2.3 Technology Insights
10.2.4 Strategic Initiatives
10.3. Evonik Catalyst
10.3.1 Company Overview
10.3.2 Financial Performance
10.3.3 Technology Insights
10.3.4 Strategic Initiatives
10.4. Huber Engineered Materials
10.4.1 Company Overview
10.4.2 Financial Performance
10.4.3 Technology Insights
10.4.4 Strategic Initiatives
10.5. Axens
10.5.1 Company Overview
10.5.2 Financial Performance
10.5.3 Technology Insights
10.5.4 Strategic Initiatives
10.6. Sigma-Aldrich
10.6.1 Company Overview
10.6.2 Financial Performance
10.6.3 Technology Insights
10.6.4 Strategic Initiatives
10.7. Sumitomo Chemical Co., Ltd.
10.7.1 Company Overview
10.7.2 Financial Performance
10.7.3 Technology Insights
10.7.4 Strategic Initiatives
10.8. Porocel Corporation
10.8.1 Company Overview
10.8.2 Financial Performance
10.8.3 Technology Insights
10.8.4 Strategic Initiatives
10.9. Honeywell International Inc.
10.9.1 Company Overview
10.9.2 Financial Performance
10.9.3 Technology Insights
10.9.4 Strategic Initiatives
10.10. Garg Chemical Company
10.10.1 Company Overview
10.10.2 Financial Performance
10.10.3 Technology Insights
10.10.4 Strategic Initiatives