Activated Aluminum Oxide Market Size, Share, Growth, and Industry Growth by Type (Activated Aluminum Oxide Powders and Activated Aluminum Oxide Spheres), By Application (Fluoride, Adsorbent, Desiccant, Catalyst, Refractory Additives, and Others), Regional Forecast To 2031

Updated On: 01 April 2024

Activated Aluminum Oxide Market REPORT OVERVIEW

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The global activated aluminum oxide market size was USD 793.6 million in 2022 and is projected to touch USD 1190.22 million by 2031, exhibiting a CAGR of 4.6% during the forecast period

The sudden spike in CAGR is attributable to markets growth, returning to pre-pandemic levels once the pandemic is over.

Activated aluminum oxide is a form of aluminum oxide. It is  porous and solid form of aluminum oxide. The chemical formula is Al2O3. It is also known as alumina. This act as same mineral which makes up the precious gems such as sapphire and ruby. It is dry in nature and in granular form. The oxide is mainly formed by dihydroxylation of aluminum hydroxide.

Increasing demand for water treatment solutions globally is expected to fuel market growth. Growing need to purify gas streams is projected to accelerate product adoption. Increasing demand for desiccation and absorption of water is predicted to fuel market growth. Growing expansion of healthcare sector is estimated to surge product adoption. Rising number of refinery projects and growing demand from the oil & gas industry is predicted to fuel market growth during the forecast period. Increasing adoption of the product in purifying lithium is anticipated to fuel market growth. Growing research and development by major market players is projected to drive market growth. In addition, increasing industrialization and urbanization is estimated to fuel activated aluminum oxide market growth.

COVID-19 Impact: Shutdown of Chemical and Oil & Gas Industries to Restrict Market Growth

An outbreak of COVID-19 pandemic had negatively impact market growth. Lockdown restrictions led to the shutdown of oil & gas industry which reduced product adoption. Shortage of labor force declined production activities. Further, the market witnessed decline in import and export activities. Social distancing norms encouraged closure of chemical industries which reduce product demand.

On the contrary, post COVID-19 the market is estimated to show positive growth. Upliftment of lockdown restrictions and reopening of industries and business is estimated to surge market growth. Further, returning of labor and employees is expected to fuel product adoption. In addition, market players are adopting several strategies which is anticipated to increase market growth.

LATEST TRENDS 

"Increase in the Demand for Water Treatment to Foster Market Growth "

Increasing demand for water treatment solutions is estimated to foster market growth. Growing demand for RO membrane technology that is used in the purification of drinking water. Such factor is expected to surge market growth during the forecast period. Growing importance of desiccation and absorption of water is predicted to fuel market growth during the forecast period. Increasing demand for water filtration is expected to fuel market growth. The device helps to remove fluoride from water which is estimated to accelerate product adoption. Growing need to remove arsenic, lead and sulfur from water is anticipated to increase activated aluminum oxide market growth.

Activated Aluminum Oxide Market SEGMENTATION

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• By Type

Based on type, the market is divided into activated aluminum oxide powders and activated aluminum oxide spheres.

Activated aluminum oxide powders is expected to be the leading part of segmentation type.

• By Application

Based on the application, the market is divided into Fluoride, Adsorbent, Desiccant, Catalyst, Refractory Additives, and Others

Desiccant is expected to be the leading part of application segmentation.

DRIVING FACTORS

"Growth in Purification of Lithium to Surge Product Adoption "

Growing adoption of purifying lithium is expected to accelerate market growth. Purifying lithium is broadly used in glass, ceramics, batteries, lubricating greases, and air treatment is projected to drive market growth. The metal used as an alternative to metal alloys in dental implants and surgical is estimated to accelerate market growth during the forecast period. Low friction, high durability, and anti-corrosion properties is predicted to surge market growth. Rapid industrialization and urbanization is anticipated to stimulate market growth.

"Growth in the Oil & Gas and Healthcare Sector to Favor Market Growth "

Increasing fuel demand globally is expected to fuel market growth.  Growing demand to absorb liquids and gases without altering its form is predicted to propel product adoption. The product used for gas mixture purification is estimated to increase market growth during the forecast period. Further, it is used for the Claus process as a catalyst in oil & gas industry is estimated to fuel market growth. Increase in the onshore and offshore oil & gas production capacities are projected to drive market growth. Growing development in the healthcare sector is estimated to increase market growth. Increase in the number of  dental implants is anticipated to increase activated aluminum oxide market growth.

RESTRAINING FACTORS

"Volatility in Raw Material Prices to Hinder Market Growth"

Volatility in raw material prices is expected to hinder market growth. Available substitutes such as zeolites exhibiting and activated carbon comparable performance characteristics is expected to obstruct the market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopted Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

Activated Aluminum Oxide Market REGIONAL INSIGHTS

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"Increasing Demand for Fresh Water in Asia Pacific to Surge Market Share "

Asia Pacific is estimated to hold largest activated aluminum oxide market share due to rising demand for fresh water. Growing number of refining capacities in the region is expected to accelerate product adoption.  Increasing development in chemical industry is projected to drive market growth. Stringent government regulations for water treatment is estimated to accelerate market growth. Increasing investments by major market players is projected to drive market growth during the forecast period. Increasing number of population in the region is estimated to surge activated aluminum oxide market growth.

Europe is expected to show considerable market growth due to rapid development in the chemical industry. Increasing oil & gas production in the region is projected to drive market growth. Further, availability of raw materials and cheap labor is expected to stimulate product adoption. Increasing urbanization and industrialization is estimated to expand market growth during the forecast period.

List of Market Players Profiled

• BASF (Germany)
• CHALCO (China)
• Huber (U.S.)
• Honeywell (U.S.)
• Axens (France)
• Porocel Industries (Singapore)
• Sumimoto (Japan)
• Shandong Boyang New Materials (China)
• Jiangsu Sanji (China)
• Jiangsu Jingjing New Material (China)
• Sorbead India (India)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.