The global activated alumina market comprises of numerous regional and global players. The market is exceedingly fragmented and competitive states Transparency Market Research (TMR) in a report. The market share is equally partitioned among numerous players. The global supply of activated alumina to the prime end-user section (oil and gas, petrochemicals, and refractories) is led by 6-8 noteworthy players. The best organizations working in the global activated alumina market are BASF SE, Sumitomo Che, Axens, Honeywell International Inc., Porocel Industries, and Albemarle Corporation are a few of the main players in the global market.
According to report of TMR, the global activated alumina market was regarded at US$ 770.6 mn in 2015 and is projected to accomplish US$ 1,108.9 mn before the finish of 2024, stretching out at a CAGR of 4.2% in the duration of 2016 and 2024. Asia Pacific held for more than around 30% of the complete activated alumina market in the year 2015. Asia Pacific has risen as a prominent regional section that very year.
On the basis of end-user the global activated alumina market is isolated into biomaterial, reaction catalysts, water treatment, and oil and gas. Among these, the oil and gas and plastics businesses have been seeing consistent development over the past few years, most eminently in key rising economies like China and India. The development of these enterprises is projected to boost the demand for the product in catalyst uses, thus, driving the global activated alumina market in the forthcoming years.
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Growing Applications to have Positive Impact on the Market
Activated alumina is a spongy-like substance and is made by dehydroxylating aluminum hydroxide. Activated alumina shows astounding desiccant properties and is broadly utilized as a filter of fluoride, arsenic, and selenium. The compound has a tremendous surface zone of over 200m/g and is utilized in different end-user sectors like water treatment plants, plastics, oil and gas, and human services among others.
The real uses of activated alumina incorporate as a fluoride adsorbent, bio ceramics, catalyst, and bio ceramics among others. The rising demand from the end use sectors is a prime factor boosting the global activated alumina market.
Also, the developing requirement for safe and clean water has brought about the increasing investment in water treatment facilities all through the globe. Thus, positively influencing the activated alumina market in the forthcoming years. Activated alumina is broadly utilized in the water treatment facilities as an adsorbent for expulsion of fluoride and other hazardous substances from water.
Besides, the increasing demand for the oil and gas, pharmaceuticals and plastic production sector is additionally expected to fuel the market growth in the upcoming years substantially.
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Slowdown in Demand Due to High Cost Effect the Market Growth
One of the real restrictions of utilizing activated alumina filters for home is its high expense and single utilization. When the adsorbed particles concentration increases in the filter, it must be replaced and discarded and the rareness of replacement relies upon the amount of water went through the filter.
Regardless, rising interest for water treatment over the globe is projected to drive the demand for activated alumina in the coming years.