Activated Alumina Market to Grow at 7.73% CAGR to 2020

Sep 28, 2016, 04:00 ET from ReportsnReports

PUNE, India, September 28, 2016 /PRNewswire/ --

The global activated alumina market 2016-2020 report says economic and Industrial growth in APAC will be a key trend for market growth. In APAC, the use of activated alumina, especially in emerging economies such as India and China, is increasing. This is attributable to the industrial and economic development in these countries. The increase in demand for activated alumina in various end-user applications and the increase in production capacity in recent years is expected to benefit the global activated alumina market. The rapid growth in the pharmaceutical industry has further increased the demand for activated alumina in the region. Developed countries, such as South Korea and Japan, are expected to account for a constant demand share for activated alumina and activated alumina-based adsorbents that can be used in chemical industry.

Complete report on activated alumina market spread across 71 pages, analyzing 5 major companies and providing 37 data exhibits now available at http://www.reportsnreports.com/reports/687916-global-activated-alumina-market-2016-2020.html.  

The analysts forecast global activated alumina market to grow at a CAGR of 7.73% during the period 2016-2020. According to the activated alumina market report, use of activated alumina in production of biopharmaceuticals and nutraceuticals will be a key driver for market growth. Nutraceuticals are products mostly derived from food sources, which add additional nutritional value. Biopharmaceuticals are natural bioactive chemical compounds that can be used as pharmaceuticals. Both these products have therapeutic applications; they prevent diseases, promote heath, or have medical properties.

Market analysts predict that the oil and gas segment will be the largest in the activated alumina market by 2020 and will post a CAGR of around 9%. The extensive application of activated alumina in natural gas industries for the purification and drying of natural liquids and gasses will lead to the growth of this sector. Also, activated alumina balls help eliminate water from natural gas transmission and prevent erosion of equipment.

During 2015, the AA300 grades segment dominated activated alumina market by accounting for approximately 55% of the total market share. AA300 activated alumina is a desiccant grade absorbent, which is primarily used for drying air or other steam gasses due to its excellent adsorption capacity of water vapor. One of the factors augmenting the growth of activated alumina market segment is its properties, such as high surface area and excellent crush strength, which results in its increased usage as a catalyst for natural gas operations, smelters, and refineries to prevent environmental pollution caused by hydrogen peroxides.

The following companies are the key players in the global activated alumina market: Almatis, Axens, BASF, UOP, and W.R. Grace. Other prominent vendors in the market are: Huber Materials, Pingxiang Zhongying Packing, Sorbead India, and Shanghai Hengye Chemical Industry Company. Order a copy of Global Activated Alumina Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=687916.

Global Activated Alumina Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report consider the sales volume of activated alumina in oil and gas, petrochemicals, refractories, automotive, and other applications by considering 2015 as the base year.

Another related report is Global Desiccant and Adsorbent Market 2015-2019; industrial facilities such as clinker cement plants, coal-fired power plants, and others with large industrial boilers are expected to show a dramatic increase in demand for activated carbon in the future. Current global energy markets are marked by rapidly rising energy consumption in emerging markets. Global demand for coal-fired power generation will primarily be driven by the Asian countries of China and India. Browse complete report at http://www.reportsnreports.com/reports/429951-global-desiccant-and-adsorbent-market-2015-2019.html.  

Explore other new reports on Advanced Materials Market @ http://www.reportsnreports.com/market-research/advanced-material/.

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