Market Size of Activated Alumina Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Activated Alumina Market Analysis
During the time frame of the forecast, the activated alumina market is expected to register a CAGR of over 5%.
In 2020, COVID-19 had a detrimental effect on the market.However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- The market is majorly driven by increasing concerns related to water pollution by fluorine and is gaining significance in the pharmaceutical industry.
- On the flip side, the presence of substitutes such as activated carbon and zeolites that exhibit relatively the same performance characteristics is expected to hamper the market's growth.
- Also, the use of activated alumina in industries like textiles and cosmetics is likely to open up new markets in the future.
- The Asia-Pacific region represents the largest market and is expected to be the fastest-growing market over the forecast period owing to the consumption of countries such as China, India, and Japan.
