Market Size of Asia-Pacific Activated Alumina Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.68 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Activated Alumina Market Analysis
The Asia-Pacific Activated Alumina market is estimated to reach 4.52 million tons by the end of this year and is projected to reach 5.96 million tons in the next five years, registering a CAGR of 5.68% during the forecast period.
Due to the COVID-19 outbreak, the demand for activated alumina was hindered from several segments, such as oil and gas and chemicals, as the nationwide lockdowns in several countries led to a slowdown in demand for certain non-essential end-products. However, the situation recovered substantially in 2021, restoring the market's growth trajectory.
- One of the major factors driving the market studied is the growing demand from the oil and gas industry owing to the consistent increase in output and overall investments, propelling the demand for activated alumina as an absorbent from the sector.
- On the flip side, the availability of substitutes in different end-user industries has been hindering the market's growth. For instance, in the water treatment industry, activated carbon and zeolite availability is expected to negatively impact its market growth.
- Research and development on using activated alumina in the textile and cosmetics industry are expected to offer various opportunities for market growth over the forecast period.
- In the Asia-Pacific region, China is expected to dominate the market in terms of demand and production owing to the vivid presence of various end-user industries and the availability of sufficient resources that aid in overall production.
Asia-Pacific Activated Alumina Industry Segmentation
Activated alumina is a highly porous aluminum hydroxide with a large surface area. It is used in a wide range of applications, such as catalysts, fluoride adsorbents, and others. It can absorb toxic materials from wastewater and aquifers.
The Asia-Pacific Activated Alumina market is segmented by application, end-user industry, and geography. The market is segmented by application into catalyst, desiccant, adsorbent, and other applications (biomaterial, vacuum system filter, etc.). The end-user industry segments the market into oil and gas, water treatment, chemicals, healthcare, and other industries (fertilizer, food and beverage, etc.). The report also covers the market size and forecasts in 5 countries across the Asia-Pacific region. Market sizing and forecasts have been done for each segment based on volume (tons).
Application | |
Catalyst | |
Desiccant | |
Adsorbent | |
Other Applications (Biomaterial, Vacuum System Filter, etc.) |
End-User Industry | |
Oil and Gas | |
Water Treatment | |
Chemical | |
Healthcare | |
Other End-user Industries (Fertilizer, Food and Beverage, etc.) |
Geography | |
China | |
India | |
Japan | |
South Korea | |
ASEAN Countries | |
Rest of Asia-Pacific |
Asia-Pacific Activated Alumina Market Size Summary
The Asia-Pacific Activated Alumina market is poised for significant growth, driven by increasing demand from the oil and gas industry, which relies on activated alumina for applications such as water removal from natural gas streams and sulfur recovery in refineries. The market's recovery post-COVID-19 disruptions has been bolstered by substantial investments and government support in refinery projects, particularly in China and India. These countries are expected to lead the market due to their expanding oil and gas sectors, with China also focusing on environmental initiatives that boost the demand for activated alumina in water treatment applications. Despite the presence of substitutes like activated carbon and zeolite, research and development in the textile and cosmetics industries present new growth opportunities for activated alumina.
China's dominance in the Asia-Pacific Activated Alumina market is further reinforced by its robust chemical processing industry and stringent environmental regulations, which drive the demand for activated alumina as a catalyst and adsorbent. The country's significant investments in wastewater treatment and chemical production facilities underscore the growing need for activated alumina. Major players in the market, including Axens, CHALCO Shandong Co., Ltd, BASF SE, Honeywell International Inc., and Jiangsu Jingjing New Material Co. Ltd., are actively contributing to the market's consolidation and expansion. As the region continues to experience industrial growth and environmental challenges, the activated alumina market is expected to thrive, with China at the forefront of this development.
Asia-Pacific Activated Alumina Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Growing Demand from Oil and Gas Sector
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1.1.2 Increasing Investments in Water Treatment Facilities
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1.1.3 Other Drivers
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1.2 Market Restraints
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1.2.1 Availability of Substitutes
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Application
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2.1.1 Catalyst
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2.1.2 Desiccant
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2.1.3 Adsorbent
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2.1.4 Other Applications (Biomaterial, Vacuum System Filter, etc.)
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2.2 End-User Industry
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2.2.1 Oil and Gas
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2.2.2 Water Treatment
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2.2.3 Chemical
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2.2.4 Healthcare
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2.2.5 Other End-user Industries (Fertilizer, Food and Beverage, etc.)
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 South Korea
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2.3.5 ASEAN Countries
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2.3.6 Rest of Asia-Pacific
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Asia-Pacific Activated Alumina Market Size FAQs
What is the current Asia-Pacific Activated Alumina Market size?
The Asia-Pacific Activated Alumina Market is projected to register a CAGR of 5.68% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Activated Alumina Market?
CHALCO Shandong Co.,Ltd, Honeywell International Inc., Jiangsu Jingjing New Material Co. Ltd., Axens and BASF SE are the major companies operating in the Asia-Pacific Activated Alumina Market.