Home > Chemicals & Materials > Advanced Materials > Functional Materials > Activated Alumina Market
Activated Alumina Market Size
- Report ID: GMI2631
- Published Date: Oct 2024
- Report Format: PDF
Activated Alumina Market Size
The global activated alumina market was valued at USD 194.3 million in 2023 and is estimated to grow at a CAGR of over 8.2% from 2024 to 2032. The proliferating oil & gas production coupled with increasing oil & gas exploration activities across the globe will augment the product demand.
Activated alumina, also known as alumina or al2o3, is a solid form of aluminum oxide. It is highly porous, possesses high resistance to thermal shock, great selectivity, excellent absorption rate, exhibits great surface area, high pole-molecular absorbent characteristic, etc. It does not soften, sell or shrink when immersed in water. The product is popularly used in water treatment and oil & gas industries.
The growing fuel demand from key end-use sectors is expected to boost oil and gas production and supply in the coming decade. Activated alumina's unique properties make it valuable in this industry. It can absorb liquids and gases without changing its form, allowing for gas mixture purification through selective molecule adsorption. Additionally, activated alumina serves as an effective desiccant for water adsorption. In the natural gas industry, it plays a crucial role as a catalyst in the Claus process, primarily used for desulfurization applications.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Activated Alumina Market Size in 2023: | USD 194.3 Million |
| Forecast Period: | 2024–2032 |
| Forecast Period 2024–2032 CAGR: | 8.2% |
| 2024–2032 Value Projection: | USD 369.8 Million |
| Historical Data for: | 2021–2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 172 |
| Segments covered: | Application, Sector and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
The rising product consumption in the water treatment industry significantly boosts the activated alumina market, as this material effectively removes impurities and contaminants from water. Increased oil and gas exploration activities further contribute to demand, as activated alumina is essential for refining processes and removing moisture from gases, ensuring operational efficiency and product quality. Additionally, advancements in the global chemical industry drive the need for high-performance adsorbents, including activated alumina, for various applications such as catalysis and chemical processing.
Together, these drivers create a favorable landscape for the activated alumina industry, with growing applications and an expanding customer base across multiple sectors, enhancing overall market potential and fostering innovation within the industry. As environmental regulations tighten and sustainability becomes a priority, the role of activated alumina in promoting cleaner processes will likely increase, positioning it as a critical component in future industrial applications.
Frequently Asked Questions (FAQ) :
Activated Alumina Market Scope
