Global Reactive Alumina market will reach 1051.1 million US$ by the end of 2024

Publisher: QYResearch
Published Date: 2019/9/16

According to the report, global Reactive Alumina market is valued at 716.8 million USD in 2018 and is expected to reach 1051.1 million USD by the end of 2024, growing at a CAGR of 5.61% between 2018 and 2024.

In this study, the market for the Reactive Alumina consumption divided into five geographic regions. North America Reactive Alumina market size was valued at USD 336.4 million in 2018, followed by Asia-Pacific and Europe. Our analysts estimate that The Asia Pacific region is projected to witness growth to the tune of 6.35% during the forecast period. This growth can be primarily attributed to the growing demand for clean water sources, for catering to the needs of the rapidly growing population as well as industrial sectors in the region. This region accounts for a market share of nearly 32% by 2024.

The global market share concentration is relatively concentrated. Of the major players of the Reactive Alumina market, Honeywell (UOP) maintained its first place in the ranking in 2018. Honeywell (UOP) accounted for 21.67% of the global Reactive Alumina revenue market share in 2018. Other players accounted for 15.04%, 11.54% including Axens and BASF SE. The other major players in this report including CHALCO, Huber, Porocel Industries, Sumimoto, Shandong Boyang New Materials, Jiangsu Sanji, Jiangsu Jingjing New Material, Sorbead India and among others. Key players in the industry focus primarily on acquisitions of smaller companies to strengthen their portfolios and positions in the global market.

With the sharp increasing in the price of raw material aluminum hydroxide, the growth rate of the reactive alumina market has grown rapidly between 2016 and 2018. However, due to the existence of other alternatives, coupled with the strengthening of environmental protection requirements of governments, the growth rate of global sales volume from 2016 to 2018 remained at 5% to 6%. In the future, raw material prices will be stabilized, coupled with the gradual maturity of production technology of reactive alumina, and the impact of raw material prices on products will gradually decrease. Our analysts expect that, in the next five years, the global consumption volume of Reactive Alumina will show upward tendency further, consumption volume is expected in 2024 will be 545.3 K MT. The average price is around 1960 $/MT. The market is driven primarily by the increasing use of the product as adsorbents and catalysts in the water treatment and oil & gas industries respectively.

Worldwide, the fluoride adsorbent segment dominated the industry, accounting for around 35% of the overall industry revenues in 2018. The dominance of this segment is expected to continue during the forecast period, owing to the rapid growth of the water treatment industry, where application of reactivate alumina as fluoride adsorbent is significant.

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https://www.qyresearch.com/index/detail/686775/global-reactive-alumina-industry-research-report-growth-trends-and-competitive-analysis-2018-2025
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