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Transparency Market Research, New York: The broadening use of activated alumina across a plethora of applications is inviting tremendous growth prospects for the activated alumina market. The absorbent properties of activated alumina make it one of the useful components across a variety of end-users. Activated alumina is a granular substance created by the de-hydroxylation process and acts as a catalyst and desiccant. It is also used for filtering selenium, fluoride, and arsenic in drinking water.
Based on the aforementioned factors, the researchers at Transparency Market Research foresee the global activated alumina market to expand at a CAGR of approximately 5.0 percent through the assessment period of 2019-2027.
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The growing need for pure water may bring extensive growth opportunities for the activated alumina market. Governments across various countries are launching novel projects and increasing investments for enhancing wastewater treatment plants. This factor brings substantial growth opportunities for the activated alumina market.
Activated Alumina Market: Key Revelations
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Activated Alumina Market: Growth Propellers
The use of activated alumina across a wide range of applications is projected to bring tremendous growth opportunities for the activated alumina market. In addition, the properties of activated alumina also make them a perfect component among a diverse range of end-users.
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Activated Alumina Market: Growth Restraints
The availability of substitutes for activated alumina such as zeolites and activated carbon may prove as a threat to the growth of the activated alumina market. These substitutes also offer the same characteristics. The high-production costs may also hamper the growth aspects of the activated alumina market.
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Activated Alumina Market: Regional Analysis
The activated alumina market can be geographically segmented into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Asia Pacific may bag the first prize as the largest regional contributor for the activated alumina market across the forecast period of 2020-2030. Various government initiatives for clean water may serve as prominent growth multipliers. Projects like ‘Namami Gange’ by the Indian Government to make the Ganga River clean and safe are laying a red carpet of growth.
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Activated Alumina Market: Key Players
Some well-entrenched players in the activated alumina market are Sorbead India, BASF SE, Sumitomo Chemical Co. Ltd., J.M. Huber Corporation, Dynamic Porocel, Adsorbents, Inc., Honeywell International Inc., Axens, and KIN Filter Engineering Co., Limited.
Global Activated Alumina Market: Segmentation
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