Several market factors influence the Activated Alumina market, determining its direction and speed of growth. One major factor is the increasing need for water purification options in many industries. Activated alumina has been used extensively in water purification processes due to its large surface area and capability to adsorb substances. It plays a crucial role in resolving water quality issues. Increased environmental concerns by a larger population and stringent regulations on how water should be treated have caused the market to expand.
Moreover, the activated alumina industry depends a lot on global catalysts market as it is a versatile catalyst support material that finds uses in many different catalytic processes across chemical, petrochemical and manufacturing sectors. Demand for activated alumina depends directly on the growth of these businesses which alters how this market works. For instance, in industrial processes, activated alumina can act as a catalyst in elimination of impurities or it can dry out feedstocks.
Activated Alumina Market is projected to reach USD 1.92 billion by 2030 at an annualized rate of 5.9% from 2022 to 2030; by end-use industry type (water treatment chemicals (pH adjustors, coagulants & flocculants), chemical industry (catalyst carriers), healthcare/healthcare products/medical devices/medicinal tablets/capsules), geographic regions (North America, Europe, Asia Pacific)” “The Global Activated Alumina Market was valued at USD 1.07 billion in 2021.
Another driver for Activated Alumina market is the increasing demand for adsorbents by oil and gas industry. The common use of activated aluminas for removing water from natural gases and other fuels oils like kerosene cut their impurities content low.This helps keep the quality of the product high and meets industry standards.The oil and gas sector is exploring and producing more, which is why activated alumina is used as an efficient adsorbent for drying moisture and impurities in gases.
Additionally, the market of activated alumina also grows because of pharmaceuticals and healthcare companies. Active aluminum oxide serves as a chromatographic agent and is utilized as a desiccant during drug production. Growing constantly pharmacy industry increases demand for active aluminum oxide (activated alumina) because quality assurance becomes more important in this area.
Another factor affecting the Activated Alumina market are technological advancements. Activated alumina is used to dry and clean gases that are used in the production of semiconductors. The market for activated alumina in this area is growing quickly due to the improvements in technology leading to high performance electronic devices.
Report Attribute/Metric | Details |
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Growth Rate | 5.9% (2022-2030) |
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