Activated Alumina Market 2019: Industrial Output, Import & Export, Consumer Consumption and Forecast 2023

16/set/2019 09:02:17 Tejas Amale Contatta l'autore

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Market Overview:

Active alumina is widely used in the end-user industries such as oil & gas, plastic industry, and healthcare among others. The global active alumina market is spanned across five regions of the world namely, Europe, North America, Latin America, Asia Pacific and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading owing to the growing developments   and industrialization in the developing countries of the region. The major countries attributing to this growth are Japan, China, and India. The growing population in the region has augmented the need for clean and safe water, which, in turn, is expected to boost the market growth during the forecast years. Moreover, the growing oil & gas sector mainly in India and China has positively impacted the active alumina market growth.

North America is dominating the market and is expected to retain its dominance over the forecast period. The developed end-use industry coupled with the increasing adoption rate is the major factor driving the market growth.  Moreover, the increasing oil and gas activities post the shale gas boom is further expected to boost the market growth. European market of active alumina is set to grow at a steady pace during the forecast period. The developed healthcare sector has propelled the use of active alumina, especially in the bone and dental replacements. The key countries contributing to the growth of the market in this region are Germany, the U.K, and France.

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Competitive Analysis

Some of the prominent players operating in the Global activated alumina market are BASF SE (Germany), Honeywell International Inc (U.S.), Sumitomo Chemical Co (Japan), Porocel Industries LLC (U.S.), Dynamic Adsorbents Inc (U.S.)., Axens SA (U.S.), Shandong Zhongxin New Material Technology Co., Ltd (China), Huber Engineered Materials (U.S.), Jiangxi Sanxin Hi-Tech Ceramics Co., Ltd (China), Sialca Industries (India), and AGC Chemicals Pvt. Ltd (India)., among others.

Segmentation

The global activated alumina market has been segmented based on application, end-use industry, and region.

Based on application, the global market has been classified into catalyst, desiccant, adsorbent, and others.

Based on end-use industry, the global market has been classified into water treatment, pharmaceutical, textile, oil& gas, chemical, and others.

By region, the market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Regional Analysis

The Global Activated Alumina Market is analyzed for five major regions, namely, North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.

The market in Asia-Pacific dominates the global activated alumina market and is projected to register the highest CAGR during the forecast period In addition, the increased use of activated alumina lead in the regional market demand. China is the largest consumer in the activated alumina market and is the fastest-growing regional market. This is a report on the increasing population of stringent regulations pertaining to effluent treatment

North America accounted for a substantial market share in 2018. The growing demand for high-quality water coupled with environmental concerns In addition, the region is expected to show solid results during the period to significant export of raw oil and shale gas. According to International Energy Agency (IEA), the US became the world's largest oil producer in 2018 and is a key exporter of crude across the globe over next five years. Therefore, augmenting the demand for activated alumina for refineries in the region.

Europe is also expected to register significant growth during the forecast period two to the rising demand for activated alumina in food & beverage, textile, and other industries. For instance, the European Commission has directed the European Food Safety Authority.

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