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    North America Activated Alumina Market Forecast 2027 By Sector (Oil & Gas, Water Treatment, Chemical), By Application (Adsorbents, Desiccants, Catalysts), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: June 2021   |   Report ID: GR1871   |   Delivery: PDF  Request Free Sample

    North America Activated Alumina Market size exceeded USD 35.92 million in 2020 and is anticipated to exhibit a CAGR of 7.2% from 2021 to 2027. Rising demand for clean water along with growing environmental concerns in this region will fuel the industry growth.

    North America Activated Alumina Market

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    Activated alumina is widely used in sewage treatment plants due to its low cost and ability to absorb rather than the filtration technique. It is used as a treatment medium in water with high dissolved solids and sulfate concentration, proliferating the demand for activate alumina.

    The ongoing COVID-19 pandemic will create challenges for the industry players owing to the shutdown of production units across the region over a short period of time. Amid the coronavirus spread, the U.S. adopted stringent norms including lockdown and social distancing to curb the number of cases. In North America, the pandemic had a direct impact, reducing the natural gas demand by 5% - 10% compared to the pre-crisis growth forecast. In addition, the demand for refined product is gradually dipping to 20% owing to the shutdown of the airlines industry and increasing storage costs.

    North America Market, By Application

    North America Activated Alumina Market

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    The catalyst segment will witness over 7.4% growth rate during the forecast timeline. The product is widely used as a catalyst matrix component with varying chemical and physical properties such as porosity, purity, surface area, density, thermal resistance & acid stability. It is used for sulfur recovery in natural gas processing plants and oil refineries.

    North America Market, By Sector

    North America Activated Alumina Market

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    In 2020, the water treatment sector generated USD 10 million revenue in the North America market. The growing global demand for water treatment coupled with the increasing demand for purified drinking water in developing regions will promote the industry growth. In addition, government regulations, such as the Municipal Wastewater Treatment Directive, are aimed at protecting the aquatic ecosystem, making them the major driving force in the market.

    North America Market, By Region

    U.S. activated alumina market is set to expand at 7% CAGR through 2027. United States is one of the largest crude oil producers and is expected to grow due to the increasing demand for oil & natural gas in various emerging markets. According to International Energy Agency (IEA), the expansion of U.S. refineries and the continued production of crude oil are likely to strengthen the country's position as a major global oil exporter. Furthermore, companies, such as ConocoPhillips, Chevron, and ExxonMobil, are investing heavily in the discovery and exploration of new crude oil reserves.

    Frequently Asked Question(FAQ) :

    Why is North America activated alumina industry garnering momentum?
    The market size for activated alumina North America reached USD 35.92 million in 2020 and could grow at a 7.2% CAGR up to 2027 led by the demand for clean water and rising environmental concerns.
    Which application segment will witness the fastest growth in North America activated alumina landscape?
    The catalyst application segment of North America industry could grow at a 7.4% CAGR over 2021-2027.
    How much revenue did North America activated alumina market generate from water treatment sector in 2020?
    The industry share for activated alumina North America from water treatment segment reached USD 10 million in 2020.
    How will U.S. activated alumina sector perform during 2021-2027?
    The industry size for activated alumina U.S. could expand at a 7% CAGR up to 2027 with rising demand for oil and natural gas.

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