DUBLIN, October 3, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Activated Alumina Market 2016-2020" report to their offering.
The global activated alumina market to grow at a CAGR of 7.73% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global activated alumina market 2016-2020. To calculate the market size, the report consider the sales volume of activated alumina in oil and gas, petrochemicals, refractories, automotive, and other applications by considering 2015 as the base year. The report also includes a discussion of the key vendors operating in this market.
Economic and Industrial growth in APAC will be a key trend for market growth. In APAC, the use of activated alumina, especially in emerging economies such as India and China, is increasing. This is attributable to the industrial and economic development in these countries. The increase in demand for activated alumina in various end-user applications and the increase in production capacity in recent years is expected to benefit the global activated alumina market. The rapid growth in the pharmaceutical industry has further increased the demand for activated alumina in the region. Developed countries, such as South Korea and Japan, are expected to account for a constant demand share for activated alumina and activated alumina-based adsorbents that can be used in chemical industry.
According to the report, use of activated alumina in production of biopharmaceuticals and nutraceuticals will be a key driver for market growth. Nutraceuticals are products mostly derived from food sources, which add additional nutritional value. Biopharmaceuticals are natural bioactive chemical compounds that can be used as pharmaceuticals. Both these products have therapeutic applications; they prevent diseases, promote heath, or have medical properties.
Further, the report states that reduction in adsorption capacity of activated alumina will be a major challenge for the market. There is a gradual reduction in the adsorption capacity during the working life of the alumina. This is due to factors such as chemical contamination and hydrothermal deterioration. Therefore, activated is replaced and regenerated periodically in the commercial units. The regeneration of used alumina can cause changes in the surface area, thereby decreasing its effectiveness. Hydrothermal aging is caused due to the exposure to water at the regeneration temperatures. This results in irreversible changes in alumina structures and collapses pores. Aging mainly depends on the number of regenerations occurred (desorption and adsorption cycles). In normal working condition, aging brings about 50% decrease in the initial properties of alumina in 2-4 years.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- W.R. Grace
Other prominent vendors
- Huber Materials
- Pingxiang Zhongying Packing
- Sorbead India
- Shanghai Hengye Chemical Industry Company
For more information about this report visit http://www.researchandmarkets.com/research/4bmg39/global_activated
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SOURCE Research and Markets