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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.
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.
The water treatment segment held a 33.2% market share in 2023, amounting to USD 64.5 million, and is projected to grow at an 8.7% CAGR from 2024 to 2032, due to the demand for advanced filtration solutions.
U.S. market is projected to achieve USD 82.7 million by 2032, driven by a CAGR of 7.2% from 2024 to 2032, fueled by rising demand across various sectors including water treatment, oil and gas, and pharmaceuticals.
The global market size for activated alumina was valued at USD 194.3 million in 2023 and is expected to reach USD 369.8 million by 2032, driven by a CAGR of over 8.2% from 2024 to 2032.
Major players in the industry include Axens, BASF SE, Camfil, CHALCO Shandong Advanced Material Co. Ltd., DYNAMIC Adsorbents Inc., Honeywell International Inc., Jiangsu Jingjing New Material Co. Ltd., and Porocel Industries LLC.