Global Activated Alumina Spheres Market growing at a CAGR of 4.1% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Aug 2023
Key Market Overview
Consegic Business Intelligence analyzes that the activated alumina spheres market is predicted to grow at a compound annual growth rate of 4.1% from 2023 to 2030 and is expected to reach USD 975.38 million in 2030 which was valued at USD 708.45 million in 2022.
The report highlights the increasing adoption of activated alumina spheres in the oil & gas industry, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the activated alumina spheres market.
Global Activated Alumina Spheres Market By Overview
The activated alumina spheres market is bifurcated into application and end-use industry. Based on application, the market is segmented into catalyst, desiccant, fluoride adsorbent, bio ceramics, and others. In 2022, the catalyst segment dominate in the overall activated alumina spheres market. The end-use industry segment is categorized into oil and gas, water treatment, chemical, food & beverage, and others. In 2022, the oil and gas segment accounted for the highest market share in the activated alumina spheres market.
Get Free SampleMarket Dynamics
Driver:
- The booming oil and gas industry is fostering the activated alumina sphere market growth at the global level.
- Advancements in water treatment applications are favoring the growth of the global activated alumina sphere market.
Restraints:
- The availability of various substitute products for the activated alumina sphere is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Application | Catalyst, Desiccant, Fluoride Adsorbent, Bio Ceramics, and Others |
| By End-use Industry | Oil and Gas, Water Treatment, Chemical, Food & Beverage, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as ВАЅF ЅЕ, DYNAMIC ADSORBENTS, INC., Sorbead India, and Huber Corporation which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the activated alumina spheres market is expected to witness substantial growth in the coming years due to the increasing development of new food & beverage facilities in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- ВАЅF ЅЕ
- DYNAMIC ADSORBENTS, INC.
- Sorbead India
- Huber Corporation
- Sumitomo Chemical Co., Ltd.
- Axens
- Patalia Chem Industries.
- ACURO ORGANICS LIMITED
- AGC CHEMICALS PVT. LTD.
- Nitrotech Engineers