As per the research report titled, ‘Europe Activated Alumina Market Forecast 2027 By Application, By Sector, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe activated alumina market is expected to grow at a significant rate through 2027.

Growing environmental concerns in the region, ever-increasing demand for clean and fresh drinking water, surging number of wastewater treatment plants, and strict government regulations on wastewater disposal & treatment are driving Europe activated alumina market growth.

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Looking at the downside, the closure of various manufacturing sites because of the COVID-19 pandemic led to numerous challenges and obstacles for the market. Due to the lockdown and movement limitations, companies experienced a significant shortage of raw materials. However, now that the pandemic's consequences are waning, the industry is likely to catch up in the following years.

The market classification by application comprises catalysts, desiccants, adsorbents, and others. Among these, the market share from catalyst application is expected to rise at 8.5% CAGR through 2027, owing to different physical and chemical properties of the product like purity, porosity, surface area, density, and thermal resistance. Moreover, it is a key ingredient to help eliminate sulphur from natural gas to make eco-friendly clean fuel. 

Parallelly, the desiccants application segment is anticipated to grow at 7.9% CAGR through 2027, owing to product capability to aid absorption of excess water, as well as its utilization in natural gas and compressed air drying. Additionally, activated alumina as desiccant facilitates the elimination of acids from refrigerants, lubricants, and transformer oils.

Analyzing the end-use sectors, Europe activated alumina market is bifurcated into chemical, water treatment, oil & gas, and others. The industry share from oil & gas sector is expected to record 8.6% CAGR from 2021 to 2027, due to extensive product utilization in eliminating sulphur constituents from gasoline and diesel fuels in order to address the concerns regarding emission rate. 

Similarly, the water treatment application is expected to account for a major market share by the end of forecast timeline, owing to its utilization as an acid remover from refrigerants and transformers, as well as for removal of remaining halides & water from hydrocarbon solvents.

Speaking of the competitive landscape, companies such as Camfil Group, Chevron Corporation, Dynamic Adsorbents, Inc., J.M. Huber Corporation, ConocoPhillips, Axens SA, Porocel International, and BASF SE are the prominent revenue contributors in Europe activated alumina industry.