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APAC Activated Alumina Market size to reach $85 Mn by 2027
Published Date: 2021-09-06
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APAC Activated Alumina Market size is slated to surpass USD 85 million by 2027, according to a latest forecast report by Graphical Research. Rising regional oil & gas production coupled with the surging number of wastewater treatment plants is expected to drive the industry growth.
Asia Pacific holds over 30% share in the global activated alumina industry. Factors, including proliferating oil & gas industry, rapid advancements in water treatment facilities, growing chemical industries, and supportive government policies, are influencing the market growth. Many challenges of water security across the region have led to investment in effective water treatment programs to ensure adequate supply of fresh water in urban areas. Further, the excellent adsorption capacity of activated alumina is driving its application in liquid and gas dehydration facilities in various end-user industries. The rapid adoption of natural gas as a domestic energy source in emerging economies will rise the need for activated alumina to dehydrate natural gas stream, which is likely to boost the product demand in the coming years. However, the availability of substitutes and fluctuating costs of raw materials will suppress the market growth over the forecast period. In addition, the recent outbreak of coronavirus has negatively impacted the market size owing to production halting and disruption of supply chains across the region.
Browse detailed statistical insights from the report, “Asia Pacific Activated Alumina Market Forecast 2027 By Application (Adsorbents, Desiccants, Catalysts), By Sector (Oil & Gas, Water Treatment, Chemical), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The water treatment segment will register around 9% CAGR through 2027. The segment growth is attributed to superior adsorbent properties of the product due to high porosity and effective surface area. Rapid industrialization coupled with rising population across the Southeast Asia and Central China will trigger the demand for fresh water, which will eventually propel the market by 2027. The product absorbs fluoride and other contaminants effectively from the effluent. Increasing demand for standard drinking water and stringent government policies for wastewater treatment will augment the product demand in near future.
Catalysts application segment will exceed USD 80 million by 2027. The product can be utilized as a catalyst in the production of bulk and specialty chemicals. Further, activated alumina is widely used as Claus catalyst in the oil & gas industry owing to its high sulfur recovery capacity. These applications will gradually increase the market share in the upcoming years.
Countries, such as India, China, and Japan, have significantly increased their investment in the water management industry. Rapidly growing agricultural and industrial activities will lead to generation of toxic effluents across the region. Increasing demand for wastewater treatment facilities will provide opportunities for the product in the coming years. Moreover, the availability of affordable labor and raw materials along with government initiatives will propel the market in near future.
The activated alumina in APAC market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Application
Asia Pacific Market, By Sector
- Oil & gas
- Water treatment
The above information has been provided for the following countries:
- Asia Pacific
- South Korea
- Rest of Asia Pacific