According to the research report titled ‘Activated Alumina Market Size, By Application (Adsorbents, Desiccants, Catalysts), By Sector (Oil & Gas, Water Treatment, Chemical), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 - 2027’, available with Market Study Report, global activated alumina market is slated to display lucrative growth trends over 2021-2027.
 

Surging adoption in fertilizer vertical, and rising oil & gas exploration activities, coupled with escalating product penetration in pharmaceutical sector are catalyzing the growth of global activated alumina market.
 

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Additionally, amplifying chemical sector, and growing product consumption in water treatment industry are also propelling the market scenario.
 

For the unversed, activated alumina, popularly called alumina, is a solid and porous form of aluminum oxide. Its characteristics include high resistance to temperatures, superior stability, is highly effective as an adsorbent and is utilized as a catalyst in several industries.
 

Elaborating on the negatives, volatile raw material prices is likely to hamper the growth of the business domain during the forecast period.
 

In terms of application scope, worldwide activated alumina industry is bifurcated into dessicants, adsorbents, catalysts, and other.
 

Based on sector, the market scenario is bifurcated into water treatment, chemical, oil & gas and others. The others segment is expected to showcase lucrative growth trends, owing to escalating product acceptance in fertilizer industry.
 

As per expert verbatim, Middle East & Africa market is anticipated to record a CAGR of 7% over 2021-2027, owing to increasing oil & gas exploration activities as well as soaring investments to improve oil & gas production capacity.
 

Leading companies in global activated alumina market sphere include Shandong Zhongxin New Material Technology Co. Ltd., Honeywell International Inc., Porocel International, Dynamic Adsorbents Inc., BASF SE, Global Adsorbents Pvt. Ltd., Sorbead India, Huber Engineered Materials, Sumitomo Chemical Co. Ltd., Chalco Shandong Advanced Material Co. Ltd., The Camfil Group, Axens Group, and Jiangsu Jingjing New Material Co. Ltd. among others.