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Activated Alumina Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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    Report

  • 120 Pages
  • June 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 5025803
UP TO OFF until Mar 31st 2024
The Activated Alumina Market is projected to register a CAGR of over 5% during the forecast period (2022-2027).

The market was negatively impacted due to COVID-19 in 2020. Further, the conditions recovered in 2021, thereby restoring the growth trajectory of the market over the forecast period.

Key Highlights

  • Over the medium term, the market is majorly driven by factors, like increasing concerns related to water pollution by fluorine and gaining significance in the pharmaceutical industry.
  • On the flip side, the available substitutes such as activated carbon and zeolites that exhibit relatively the same performance characteristics are hampering the growth of the market.
  • Some end-user industries such as healthcare and water treatment sectors witnessed positive growth, due to rising awareness for hygiene and clean water in various regions across the globe. Increasing demand for hydrogen peroxide in the post-COVID situation is likely to offer various opportunities for the growth of the market.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, India, and Japan.

Key Market Trends


Increased Demand from Oil & Gas Industry

  • The activated alumina market is driven by oil and gas industry demand due to its ability to be used as an adsorbent.
  • In the oil and gas industry, activated alumina 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 establishment of new refinery projects is anticipated to be the key driver for segment growth.
  • China National Offshore Oil Corporation's (CNOOC) oil and gas production is expected to rise more than 6% each year during the 2022-24 period to play a critical role in China's energy supply security. The cumulative output of over 1 bcm has proved the capability and reliability of China's self-made systems for exploration, exploitation, production, and operation of deep-sea gas and oil reserves.
  • The Indian Government has adopted several policies to fulfill the increasing demand for oil and gas. It has allowed 100% Foreign Direct Investment (FDI) in many segments of the sector, including natural gas, petroleum products,,,, and refineries among others. According to the International Energy Agency (IEA), consumption of natural gas in India is expected to grow by 25 billion cubic meters (bcm), registering an average annual growth of 9% during the forecast period.
  • Overall, global oil demand is expected to reach 104.1 mb/d(million barrels per day) by 2026, with China and India accounting for about half of growth through 2026. At the same time, the world’s oil production capacity is expected to rise by 5 mb/d. In the absence of stronger policy action, global oil production would need to rise 10.2 mb/d by 2026 to meet the expected rebound in demand. In the absence of stronger policy action, global oil production would need to rise 10.2 mb/d by 2026 to meet the expected rebound in demand.
  • Owing to the all above-mentioned factors for activated alumina, its market is expected to grow at a significant rate post recovery over the forecast period.


Asia Pacific Region to Dominate the Market

  • The key countries including India and China are anticipated to witness significant growth in their refining capacities, thereby boosting the product demand. Increasing demand for freshwater supply owing to population growth in the region will drive the market.
  • Rising expenditure in water treatment infrastructure, combined with the increasing demand for gaseous and liquid drying in the oil and gas industry, will accelerate the activated alumina market in the region.
  • As a top priority being accorded by the Government of India, the budgetary allocation of Jal Jeevan Mission has increased significantly to Rs. 50,011 Crore (USD 6.82 billion) in 2021-22. In addition to this, the 15th Finance Commission tied grants of Rs. 26,940 Crore (USD 3.68 billion) will also be available to PRIs for ‘water and sanitation’ services.
  • The Council on Energy, Environment, and Water (CEEW), in association with the 2030 Water Resources Group, is planning to improve wastewater management in India, along with increasing private investments to build wastewater treatment plants.
  • National Per Capita Consumption Expenditure of Healthcare and Medical Services in 2021 was 8.8% which was 2115 Yuan. Also, the Chinese government promulgated Healthy China 2030, which is a blueprint that outlines its ongoing intents to prioritize health as a precondition for sustained social and economic development.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for activated alumina during the forecast period.


Competitive Landscape


The global activated alumina market is consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies (not in any particular order) include BASF SE, Huber Engineered Materials (HEM), Sumitomo Chemical Co., Ltd., Axens, and Honeywell International Inc. among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.

Table of Contents

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Concerns Related to Water Pollution by Fluorine
4.1.2 Gaining Significance in Pharmaceutical Industry
4.2 Restraints
4.2.1 Presence of Substitutes
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Application
5.1.1 Adsorbent
5.1.2 Desiccant
5.1.3 Catalyst
5.1.4 Other Application (Bio Ceramic)
5.2 End-user Industry
5.2.1 Oil and Gas
5.2.2 Water Treatment
5.2.3 Chemical
5.2.4 Healthcare
5.2.5 Other End-user Industries(Chemicals)
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/ Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Axens
6.4.2 BASF SE
6.4.3 Camfil
6.4.4 Chempack Co. Ltd
6.4.5 Devson Catalyst
6.4.6 Dynamic Adsorbents, Inc.
6.4.7 Evonik Industries AG (Porocel Group)
6.4.8 Honeywell International Inc.
6.4.9 Huber Engineered Materials (HEM)
6.4.10 Jiangsu Jingjing New Material Co. Ltd
6.4.11 KIN Filter Engineering Co.,Limited.
6.4.12 Petrosadid
6.4.13 Sorbead India
6.4.14 Sumitomo Chemical Co., Ltd.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Demand for Hydrogen Peroxide in the Post-COVID Situation
7.2 Other Opportunities (Scope for use in industries like textile and cosmetics)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Axens
  • BASF SE
  • Camfil
  • Chempack Co. Ltd
  • Devson Catalyst
  • Dynamic Adsorbents, Inc.
  • Evonik Industries AG (Porocel Group)
  • Honeywell International Inc.
  • Huber Engineered Materials (HEM)
  • Jiangsu Jingjing New Material Co. Ltd
  • KIN Filter Engineering Co.,Limited.
  • Petrosadid
  • Sorbead India
  • Sumitomo Chemical Co., Ltd.

Methodology

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