Global Activated Alumina Market Size, Share, Growth Analysis, By Function(Adsorption, Catalysis and Desiccation), By Form(Beads and Powder), By Application(Catalyst, Desiccant), By End User(Water Treatment, Oil and Gas) - Industry Forecast 2024-2031

Global activated alumina market size was valued at around USD 173.14 million in 2022 and is poised to grow from USD 183.18 million in 2023 to USD 287.59 million by 2031, at a CAGR of 5.8% over the forecast period (2024-2031).

The market is predominantly fueled by several factors, including the growing demand for clean water, depletion of water resources, and the establishment of new water treatment facilities. Its applications are diverse, spanning from bio ceramics to desiccants, fluoride adsorbents, and catalysts. This versatile substance plays a crucial role in collecting hazardous contaminants from wastewater and aquifers, facilitating processes like the removal and adsorption of PCBs, lead, fluoride, copper, arsenic, and other heavy metals from water sources. In the Asia Pacific region, market growth is anticipated to be propelled by increasing population rates and robust economic expansion. Over the forecast period, the demand for this product is expected to be driven by government initiatives, such as the initiation of various projects aimed at ensuring regular water delivery and treatment. The utilization of products for lithium purification is also gaining momentum, with applications spanning batteries, lubricating greases, air treatment, ceramics, glass, and batteries. Lithium is widely utilized as a source of energy in computers, digital cameras, cell phones, and other digital devices, as well as in electric and hybrid vehicles. However, its adoption involves costly adsorption techniques for impurity removal, leading some end customers to explore alternative solutions despite their effectiveness and efficiency. This trend may potentially slow down market growth in the forthcoming years.

Top-down and bottom-up approaches were used to estimate and validate the size of the global activated alumina market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Activated Alumina Market Segmental Analysis

Global activated alumina market is segmented based on function, form, application, end user and region. By function, the market is segmented into adsorption, catalysis and desiccation. By form, the market is segmented into beads and powder. By application, the market is segmented into catalyst, desiccant, fluoride adsorbent, bio ceramics, vacuum systems filtering substance, medical applications, drying agent and vacuum systems. By end user, the market is segmented into water treatment, oil and gas, plastics, healthcare, and others. By region the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Activated Alumina Market

The growing demand for activated alumina beads in water treatment projects in developing nations, coupled with expanding government efforts to tackle water-related issues, is driving up the market demand for this product. Activated alumina beads are highly sought after due to their remarkable absorbent properties, characterized by a high surface area-to-mass ratio and exceptional porosity, making them effective in various applications. Additionally, in the oil and gas industry, these beads find utility in the dehydration of compressed gases and air, including compressed natural gas (CNG) and liquid petroleum gas (LPG).

Restraints in the Global Activated Alumina Market

The presence of alternatives like zeolites and activated carbon, which offer comparable performance attributes to activated alumina, is foreseen to impede market growth. Moreover, a decline in the absorption capacity of activated alumina is anticipated to serve as a significant barrier for the market during the forecast period.

Market Trends of the Global Activated Alumina Market

The surge in demand for activated alumina within the water treatment sector is spurred by the increasing requirement for clean water. Renowned for its capability to efficiently eliminate contaminants and impurities from water, activated alumina finds widespread application across various uses within the industry.