Asia Pacific Activated Alumina Market size crossed USD 48 million in 2020 and is projected to observe 8.4% growth rate between 2021 and 2027. Growing public health concerns associated with scarcity of fresh water will drive the market demand.
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Asia Pacific leads the global activated alumina market owing to rising demand for the product in various end-use industries including oil & gas, water treatment, and chemical. Ongoing widespread programs to remove fluoride and sulfur from drinking water by several emerging countries are proliferating the industry growth across the region. Countries, such as India and China, are investing heavily in water treatment and chemical industries. In addition, excellent qualities, such as high absorption rate, extended thermal stability, and great selectivity, will create ample scope for the product in oil & gas industries. Moreover, many government agencies are initiating numerous public health programs to mitigate water scarcity across the region.
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The adsorbent segment will expand at around 9% CAGR during the forecast timeline, attributed to its high porosity and effective surface area Rising production in fertilizer, chemical, pharmaceutical, and metal industries will drive the demand for fluoride removal technologies from water resources. Further, due to excellent adsorption capacity and non-toxicity, the product is ideal for pharmaceutical purification, chemical processes, and clean energy applications.
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The oil & gas segment revenue will cross USD 26 million by 2027. The product is commonly used as claus catalyst for the purification of gases in the oil & gas industry. Increasing oil & gas production and refining capacity across the region will significantly boost the demand for gaseous and liquid drying. Furthermore, rising unconventional onshore and offshore oil & gas production activities will contribute to the market expansion.
China accounted for 50% Asia Pacific activated alumina market share in 2020. Rapidly growing population along with massive infrastructure development has led to improved wastewater management across the country. Moreover, expansion of refinery capacities and installation of new oil & gas projects are the key driving forces of the market share.
Prominent companies operating in the market include BASF SE, Sumitomo Chemicals, Huber Engineered Materials, Porocel Industries LLC, Sorbead India, Camfil, CHALCO Shandong Advanced Material Co. Ltd., Shandong Zhongxing New Material Technology Co. Ltd., and Jiangsu Jingjing New Material Co. Ltd.