Activated alumina is aluminum oxide and highly porous constituent that offers great surface area. It comprises wide range of applications such as catalyst, fluoride adsorbent, desiccant, bio ceramics, and others.
Removal of Bacteria & Hydrocarbon
Removal of Bacteria & Hydrocarbon
Activated Alumina is used in many end use industries including water treatment, healthcare, plastics, oil and gas, and others. Water treatment segment estimated for the largest revenue share in 2016 and likely to continue its dominance over the forecast period (2014 to 2025). The growth is attributed to rising demand for clean and safe drinking water for household as well as industrial use and waste water treatment. The supportive government policies and innovation for water treatment are also expected to have positive impacts on the overall segment growth.
The oil and gas and plastics industries have been observing stable growth over the past years, most notably in developing countries such as China and India. The growth of these industries is likely to drive the demand for the product in catalyst applications, thus driving the overall product market growth over the forecast period.
For instance, Rice University has recently developed a water filter that can be able to remove more than 90% of bacteria, hydrocarbons, and particulates from polluted water produced due to hydraulic fracturing processes at shale oil and gas wells. They utilized cysteic acid for modifying the surface of an alumina-based ceramic casing.
Increasing scope of the product in applications such as bio ceramics for bone as well as dental replacement operations can increase the product demand in the healthcare industry.
Market Overview
According to a report by Grand View Research, Inc., the worldwide activated alumina market is likely to reach USD 1.32 billion by 2025. Innovative product development and rising demand from several end use industries especially water treatment and healthcare can propel the market during the forecast period.
In 2016, Asia Pacific dominated the market and expected to grow at CAGR of 6.2% due to rising need for clean water sources.
Some of the leading companies operating in the market are Honeywell International Inc.; Porocel Industries LLC; Hengye Inc.; Luoyang Xinghua Chemical Co., Ltd.; and Dynamic Adsorbents Inc.
In-Depth Research Report On Activated alumina Market:
No comments:
Post a Comment