North America Activated Alumina Market Size (2024 - 2029)

The North America Activated Alumina market size is experiencing growth despite challenges posed by the COVID-19 pandemic, which disrupted manufacturing and supply chains. The market's expansion is driven by increased demand from the oil and gas industry, although the presence of substitutes like activated carbon and zeolite in sectors such as water treatment poses challenges. Opportunities for growth are anticipated through research and development in the textile and cosmetics industries. The United States is expected to lead in market demand due to its robust end-user industries.

Market Size of North America Activated Alumina Industry

North America Activated Alumina Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.21 %
Market Concentration High

Major Players

North America Activated Alumina Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Activated Alumina Market Analysis

The North America Activated Alumina market size is estimated to reach 90.83 million tons by the end of this year and is projected to reach 111.63 million tons in the next five years, registering a CAGR of 4.21% during the forecast period.

Due to the COVID-19 outbreak, nationwide lockdowns in various countries in North America, and disruption in manufacturing activities and supply chains, negatively hindered the growth of the activated alumina market. However, demand from some segments, like healthcare and water treatment, remained firm in the market, which largely counterbalanced the fall in demand from other segments.

  • One of the major factors driving the market studied is the growing demand for adsorbents and catalysts from the oil and gas industry, owing to the increasing output and overall investments in the sector in North America.
  • On the flip side, the availability of several substitutes in different end-user industries hinders the market's growth. For instance, in the water treatment industry, activated carbon and zeolite availability are expected to negatively impact its market growth.
  • Growing research and development on the usage of activated alumina in the textile and cosmetics industry is expected to offer various opportunities for market growth over the forecast period.
  • In the North American region, the United States is expected to dominate the market in terms of demand owing to the vivid presence and continuous expansion of various end-user industries like oil & gas, chemicals, etc.

North America 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.

North America's 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 3 countries across the North American 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
United States
Canada
Mexico
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North America Activated Alumina Market Size Summary

The North America Activated Alumina market is poised for growth, driven by increasing demand from the oil and gas industry, which relies on activated alumina for water removal from natural gas streams and as a catalyst in oil refineries. The market's expansion is supported by the rising output and investments in the sector, particularly in the United States, where refinery projects and government backing are significant contributors. Despite challenges such as the availability of substitutes like activated carbon and zeolite, the market benefits from steady demand in healthcare and water treatment sectors. The United States is expected to lead the market due to its robust oil and gas, chemicals, and water treatment industries, with ongoing infrastructure developments further bolstering demand.

In addition to the oil and gas sector, the activated alumina market is experiencing opportunities in the textile and cosmetics industries, driven by ongoing research and development. The United States' emphasis on enhancing water infrastructure and the growth of the chemical industry, supported by abundant feedstock and energy resources, are key factors influencing market dynamics. Large-scale projects, such as the construction of new water treatment facilities and chemical production sites, are anticipated to contribute positively to market growth. The market is characterized by a consolidated landscape, with major players like BASF SE, Huber Engineered Materials, Axens, Honeywell International Inc., and Evonik Industries AG playing pivotal roles in shaping its future.

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North America Activated Alumina Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Growing Demand from Oil and Gas Industry

      2. 1.1.2 Increasing Investments in Water Treatment Facilities

      3. 1.1.3 Other Drivers

    2. 1.2 Market Restraints

      1. 1.2.1 Availability of Substitutes

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Application

      1. 2.1.1 Catalyst

      2. 2.1.2 Desiccant

      3. 2.1.3 Adsorbent

      4. 2.1.4 Other Applications (Biomaterial, Vacuum System Filter, etc.)

    2. 2.2 End-User Industry

      1. 2.2.1 Oil and Gas

      2. 2.2.2 Water Treatment

      3. 2.2.3 Chemical

      4. 2.2.4 Healthcare

      5. 2.2.5 Other End user Industries (Fertilizer, Food and Beverage, etc.)

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Activated Alumina Market Size FAQs

The North America Activated Alumina Market is projected to register a CAGR of 4.21% during the forecast period (2024-2029)

BASF SE, Axens, Evonik Industries AG, Huber Engineered Materials and Honeywell International Inc. are the major companies operating in the North America Activated Alumina Market.

North America Activated Alumina Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)