September 08, 2021
According to 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 Market Study Report, Europe activated alumina market is slated to record a strong compound annual growth rate over 2021-2027.
Increasing environmental concerns coupled with growing demand for clean & drinkable water for various purposes are the major factors driving Europe activated alumina market growth. Moreover, increasing government regulations related to use and access to clean drinking water, along with rising necessity among industries to effectively treat polluted industrial water are further augmenting the market outlook.
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Further, governments across Europe are heavily investing in construction of new sewage treatment facilities to reduce the pressure on freshwater bodies, subsequently elevating the demand for activated alumina to be used as a water purifier.
For the record, activated alumina is a highly porous material which is produced by dehydroxylating aluminum hydroxide. It is beneficial for water purification and helps remove excessive fluoride and other contaminants like arsenic and lead from the water. It is quite stable in nature and can mix well with other substances without altering their shape and chemical composition.
Speaking of the negatives, the ongoing Covid-19 pandemic has created many obstacles for businesses in Europe activated alumina market due to temporary closing of many manufacturing plants. Producers faced difficulties like raw material shortage owing to movement restrictions on the transportation of some important goods. On a positive note, with the pandemic effects gradually fading, the industry is likely to gain traction over the estimated timeline.
Considering application range, the catalyst application segment is poised to expand at 8.5% CAGR over the analysis period. This can be ascribed to the use of powdered activated alumina in sites like natural gas processing plants due to its favorable chemical and physical characteristics such as large surface area, high purity, thermal resistance, porosity, and density.
Meanwhile, Europe activated alumina industry size from desiccants application segment is anticipated to record 7.9% CAGR through 2027. The strong product demand can be accredited to it serving as a great desiccant which helps absorb excess water to a certain extent, hence, is majorly used in compressed air drying and natural gas drying.
Speaking of sector, the oil & gas sector is likely to grow at a CAGR of 8.6% over 2021-2027. The product demand in this sector is attributable to its extensive use in removing sulfur elements from diesel and gasoline fuels to solve emission rate problems.
Meanwhile, water treatment segment is expected to showcase significant growth over the estimated timeline, as activated alumina is used majorly as an acid remover that extracts acidic components from transformers and refrigerants, and prevents degradation.
Prominent players influencing the Europe activated alumina industry trends are Camfil Group, Axens SA, Chevron Corporation, Porocel Corporation, Dynamic Adsorbents Inc., BASF SE, J.M. Huber Corporation, and ConocoPhillips.