Activated Alumina Market Size, Share & Trends Analysis Report By End-use (Water Treatment, Oil & Gas, Plastics, Healthcare, Others), By Application (Catalyst, Desiccant, Fluoride Adsorbent, Bio Ceramics), By Region, And Segment Forecasts, 2023 - 2030
Activated Alumina Market Growth & Trends
The global activated alumina market size is anticipated to reach USD 1.60 billion by 2030, registering a CAGR of 5.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising demand for the product across various end-use industries, such as water treatment, oil & gas, plastics and healthcare is anticipated to drive the market. Activated alumina is an inorganic substance that is produced by the dehydration of aluminum hydroxide at high temperature.
It is highly porous and exhibits tremendous surface area, which results in superior adsorbent capabilities. In addition, the product is resistant to thermal shock and abrasion and does not shrink, soften, swell, or disintegrate when immersed in water. Shrinking freshwater reserves coupled with rising demand for water supply is expected to drive the water treatment sector over the coming years. Various government agencies are looking for effective ways to meet the cumulative need for regular water supply. The drive to create a sustainable water treatment environment is expected to positively influence the product demand over the forecast period.
The product is used as an adsorbent in water treatment for fluoride removal. Fluoride is the waste that is associated with production of fertilizers, pesticides, semiconductors and steel and aluminum. The U.S. Environmental Protection Agency (EPA) has established the maximum contaminant amount of fluoride in water at 4ppm. Activated alumina can reduce these levels even further, thus, it is preferred over other methods of fluoride removal. Asia Pacific led the global market and is likely to continue its dominance over the forecast period. Rapidly growing end-use industries in the region is the major factor driving the market.
Activated Alumina Market Report Highlights
The fluoride adsorbent segment held the largest revenue share of 33.2% in 2022 and is expected to grow at the fastest CAGR of 6.7% over the forecast period.
In the oil & gas industry, the product is used in the adsorption of water from natural gas streams. Natural gas is regarded as the fastest-growing source of domestic energy production.
The water treatment segment accounted for the largest revenue share of 33.9% in 2022 and is expected to grow at the fastest CAGR of 6.7% during the forecast period.
Asia Pacific dominated the global activated alumina market and accounted for the largest revenue share of 40.2% in 2022.
North America is expected to grow at a CAGR of 5.5% during the forecast period. According to the world energy and climate statistics report published in 2023, there has been an increase in the production of crude oil in the U.S. by 6.5% and by 2.6% in Canada.
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