Asia Pacific Activated Alumina Market Insights Forecasts to 2032
- The Asia Pacific Activated Alumina Market Size was valued at USD 82.7 Million in 2022.
- The Market is Growing at a CAGR of 8.9% from 2022 to 2032.
- The Asia Pacific Activated Alumina Market Size is expected to reach USD 194.28 Million by 2032.
- India is expected to Grow the fastest during the forecast period.
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The Asia Pacific Activated Alumina Market Size is expected to reach USD 194.28 Million by 2032, at a CAGR of 8.9% during the forecast period 2022 to 2032.
Activated alumina is utilized in a variety of applications such as water treatment, oil and gas, polymers, and many more, because of its capacity to adsorb water and other chemicals. Because of its superior qualities in terms of high porosity, thermal resistance, and durability, activated alumina is frequently utilized in a range of applications. Water treatment, desiccant, catalyst & catalyst carrier, and other applications are key applications. Activated alumina removes fluoride, arsenic, and other impurities from drinking water, particularly in places where these toxins are abundant. Rapid technological development, urbanization, and increasing population in the Asia Pacific region have led to an increase in demand for clean water, which has prompted a surge in the usage of activated alumina-based water treatment technologies. Furthermore, the rise of the region's petrochemical and oil and gas industries has increased the demand for activated alumina. With their growing industrialization, China and India could become major consumers and manufacturers of activated alumina.
This research report categorizes the market for Asia Pacific Activated Alumina Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific Activated Alumina Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Asia Pacific Activated Alumina Market.
Asia Pacific Activated Alumina Market Report Coverage
|Market Size in 2022:||USD 82.7 Million|
|Forecast Period 2022-2032 CAGR:||8.9%|
|2032 Value Projection:||USD 194.28 Million|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||120|
|Segments covered:||COVID-19 Impact Analysis, By Application, By Industry, By Country, and Asia Pacific Activated Alumina Market|
|Companies Covered:||Axens, BASF SE, Honeywell International Inc., Sumitomo Chemical Co., Ltd., Huber Engineered Materials, Porocel Industries LLC, Sorbead India, Camfil, CHALCO Shandong Advanced Material Co. Ltd., Shandong Zhongxing New Material Technology Co. Ltd., Jiangsu Jingjing New Material Co. Ltd., and Other key venders.|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
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The Asia Pacific region is home to some of the world's fastest-growing economies. As the economies of these nations grow, demand for commodities such as activated alumina, which is utilized in a variety of industries, will likely increase. The growing demands to develop efficient water treatment and filtration solutions, as well as their utilization in the oil and gas industry for drying and refining gases and liquids, are driving demand for activated alumina in this region. Because of rising urbanization, consumer demand for water treatment facilities has increased, propelling the consumption of activated alumina, which is utilized to remove fluoride and arsenic. The oil and gas industry, as a major consumer of activated alumina, has a beneficial impact on the market. In addition, the widespread application of activated alumina for catalytic applications in the plastics and textiles industries is expected to fuel the product's market expansion over the forecast period.
Furthermore, governments in the Asia Pacific region have introduced rigorous pollution-control rules, which are increasing the use of activated alumina in emissions reduction technologies and catalytic manufacturing. Furthermore, rising environmental laws are likely to drive up demand for activated alumina in the Asia Pacific region for filtering pollutants in industrial operations. China, having been a major industrial hub, dominates the region's market for activated alumina, owing to its thriving manufacturing and water treatment industries. India continues to experience fast industrial growth, which, combined with increased awareness about water quality, has resulted in a significant rise in the country's adoption of activated alumina.
- In 2022, the adsorbents segment accounted for the largest revenue share of more than 31.8% over the forecast period.
Based on the application, the Asia Pacific Activated Alumina Market is segmented into biomaterials, adsorbents, desiccants, catalysts, and others. Among these, the adsorbents segment has the largest revenue share of 31.8% over the forecast period. This is due to its high porosity and potent surface area. Fluoride removal technology from water resources will be in high demand as production in the fertilizer, chemical, pharmaceutical, and metal industries increase. Furthermore, the product is appropriate for pharmaceutical purification, chemical processes, and renewable energy applications because of its strong adsorption capability and non-toxicity.
- In 2022, the oil & gas segment dominated with more than 43.7% market share over the forecast period.
Based on the industry, the Asia Pacific Activated Alumina Market is segmented into oil & gas, water treatment, chemical, fertilizers, air treatment, and others. The oil & gas segment has captured the highest market share in the Asia Pacific Activated Alumina Market. In the oil and gas industry, activated alumina is often employed as a chemical catalyst for gas filtration. Increased oil and gas production and refining capability in the region are expected to drive demand for gaseous and liquid drying. Furthermore, increased innovative onshore and offshore oil and gas production will also contribute to market expansion in the region.
The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific Activated Alumina Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- BASF SE
- Honeywell International Inc.
- Sumitomo Chemical Co., Ltd.
- Huber Engineered Materials
- Porocel Industries LLC
- Sorbead India
- CHALCO Shandong Advanced Material Co. Ltd.
- Shandong Zhongxing New Material Technology Co. Ltd.
- Jiangsu Jingjing New Material Co. Ltd.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Asia Pacific Activated Alumina Market based on the below-mentioned segments:
Asia Pacific Activated Alumina Market, Type
- Standard Activated Alumina
- Sulfur-Loaded Activated Alumina
- Iron-Loaded Activated Alumina
Asia Pacific Activated Alumina Market, By Application
Asia Pacific Activated Alumina Market, By Industry
- Oil & Gas
- Water Treatment
- Air Treatment
Asia Pacific Activated Alumina Market, By Country
- South Korea
- Rest of Asia Pacific
Asia Pacific Activated Alumina Market Size Overview 2022 - 2032: Watch Video By YouTube
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