North America Activated Alumina Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.21 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Activated Alumina Market Analysis
The North America Activated Alumina market size is estimated to reach 90.83 million tons by the end of this year and is projected to reach 111.63 million tons in the next five years, registering a CAGR of 4.21% during the forecast period.
Due to the COVID-19 outbreak, nationwide lockdowns in various countries in North America, and disruption in manufacturing activities and supply chains, negatively hindered the growth of the activated alumina market. However, demand from some segments, like healthcare and water treatment, remained firm in the market, which largely counterbalanced the fall in demand from other segments.
- One of the major factors driving the market studied is the growing demand for adsorbents and catalysts from the oil and gas industry, owing to the increasing output and overall investments in the sector in North America.
- On the flip side, the availability of several substitutes in different end-user industries hinders the market's growth. For instance, in the water treatment industry, activated carbon and zeolite availability are expected to negatively impact its market growth.
- Growing research and development on the usage of activated alumina in the textile and cosmetics industry is expected to offer various opportunities for market growth over the forecast period.
- In the North American region, the United States is expected to dominate the market in terms of demand owing to the vivid presence and continuous expansion of various end-user industries like oil & gas, chemicals, etc.
North America Activated Alumina Market Trends
Growing Demand from the Oil and Gas Industry
- Activated alumina is utilized in the oil and gas business to get rid of the water from natural gas streams and as a catalyst to recover sulfur from oil refineries. The increasing number of refinery projects and government support is anticipated to be a critical driver for activated alumina demand as an adsorbent in North America.
- According to the United States Energy Information Administration, the United States crude oil production is expected to average 12.4 million barrels per day (b/d) in 2023 and 12.8 million b/d in 2024, surpassing the previous record of 12.3 million b/d set in 2019. In 2022 United States crude oil production averaged 11.9 million barrels per day. Increasing oil production requires fully operational refineries to work at high consistency, thus supporting the demand for the market studied.
- Refiners in the United States are undertaking several capital projects to expand domestic crude processing capacity by the end of 2023. Three of the largest U.S. refiners are currently working on capital projects that could provide an additional 350 thousand barrels per day of crude processing capacity to U.S. refinery portfolios by the end of the next year.
- In March 2023, Exxon Mobil announced the commencement of its Beaumont refinery expansion project. This has added 250 thousand barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. This is the largest refinery expansion in the United States since 2012 and represents the addition of a medium-sized refinery. With this, the total capacity of the Beaumont refinery has increased to over 630 thousand barrels per day, making it one of the largest refineries in the country.
- In Canada, various gas projects are currently picking up pace in the country, which is expected to support the demand for the market studied. In December 2022, the Canadian government approved expanding TC Energy's NOVA Gas Transmission Ltd (NGTL) pipeline system in Alberta to help improve market access for natural gas in western Canada. The West Path Delivery 2023 (WP2023) project will add approximately 40 kilometers of new natural gas pipeline to the existing 25,000 kilometers of NGTL system that carries gas to markets across Canada and the United States.
- In August 2022, Canadian natural gas company, TC Energy, developed a CAD 4.5 billion (USD 3.3 billion) natural gas pipeline in a strategic partnership with Mexico's state-owned utility, ComisiónFederal de Electricidad (CFE). The Southeast Gateway pipeline is designed to supply natural gas to Mexico's central and southeastern regions. The two companies have made a final investment decision to proceed with constructing the 715 km offshore pipeline project.
- All these factors are anticipated to aid the growth of the Activated Alumina market in the North American region.
United States to Dominate the Activated Alumina Market
- The United States puts a huge emphasis on its water infrastructure which positively impacts the demand for water treatment chemicals, including activated alumina.
- Approximately 80% of the United States water treatment facilities are owned and managed by public commissions. However, water treatment activities in the rural part of the country are in an initial state of development compared to the urban areas. The growing investment in water treatment facilities in the country is expected to continue bolstering the demand for activated alumina in the studied market.
- One of the renowned water treatment projects in the United States is constructing a 12.5 million-gallon-per-day water treatment plant in Massachusetts. The new facility aims to replace two outdated water treatment plants to improve the efficiency of the process. The project began in the first quarter of 2022 and is expected to be completed by the fourth quarter of 2024.
- The United States has a strong chemical industry owing to the vivid infrastructure established in line with the continuous demand for chemicals. The access to abundant feedstock and energy resources further works in favor of the industry.
- As per the Chemical Industry Outlook by BASF SE for the year 2022, the United States chemical industry output witnessed a growth of 2.3%, which is also indicative of the increase in demand for products consumed in the sector, including activated alumina.
- Several large-scale chemical projects are planned in the country, which are expected to contribute positively to the demand for activated alumina. For instance, in July 2022, Solvay announced plans to build a new facility for producing electronic-grade hydrogen peroxide in Arizona. The construction of the facility's first phase is scheduled to begin in 2023.
- During the forecast period, the demand for Activated Alumina is anticipated to grow substantially in the United States owing to such factors and government support.
North America Activated Alumina Industry Overview
The North America Activated Alumina market is consolidated by nature. Some of the market's major players (in no particular order) include BASF SE, Huber Engineered Materials, Axens, Honeywell International Inc., and Evonik Industries AG, among others.
North America Activated Alumina Market Leaders
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BASF SE
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Axens
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Evonik Industries AG
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Huber Engineered Materials
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Honeywell International Inc.
*Disclaimer: Major Players sorted in no particular order
North America Activated Alumina Market News
Recent developments pertaining to the major players in the market are covered in the complete study.
Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Growing Demand from Oil and Gas Industry
- 4.1.2 Increasing Investments in Water Treatment Facilities
- 4.1.3 Other Drivers
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4.2 Market Restraints
- 4.2.1 Availability of Substitutes
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 Application
- 5.1.1 Catalyst
- 5.1.2 Desiccant
- 5.1.3 Adsorbent
- 5.1.4 Other Applications (Biomaterial, Vacuum System Filter, etc.)
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5.2 End-User Industry
- 5.2.1 Oil and Gas
- 5.2.2 Water Treatment
- 5.2.3 Chemical
- 5.2.4 Healthcare
- 5.2.5 Other End user Industries (Fertilizer, Food and Beverage, etc.)
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5.3 Geography
- 5.3.1 United States
- 5.3.2 Canada
- 5.3.3 Mexico
6. COMPETITIVE LANDSCAPE
- 6.1 Merger & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Axens
- 6.4.2 BASF SE
- 6.4.3 CHALCO Shandong Co.,Ltd
- 6.4.4 Huber Engineered Materials
- 6.4.5 Honeywell International Inc.
- 6.4.6 Evonik Industries AG
- 6.4.7 Sumitomo Chemical Co., Ltd.
- 6.4.8 Sorbead India
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Research and Development Promoting Application in Textile and Cosmetic Industries
- 7.2 Other Opportunities
North America Activated Alumina Industry Segmentation
Activated Alumina is a highly porous aluminum hydroxide with a large surface area. It is used in a wide range of applications, such as catalysts, fluoride adsorbents, and others. It can absorb toxic materials from wastewater and aquifers.
North America's activated alumina market is segmented by application, end-user industry, and geography. The market is segmented by application into catalyst, desiccant, adsorbent, and other applications (biomaterial, vacuum system filter, etc.). The end-user industry segments the market into oil and gas, water treatment, chemicals, healthcare, and other industries (fertilizer, food and beverage, etc.). The report also covers the market size and forecasts in 3 countries across the North American region. Market sizing and forecasts have been done for each segment based on volume (tons).
| Application | Catalyst |
| Desiccant | |
| Adsorbent | |
| Other Applications (Biomaterial, Vacuum System Filter, etc.) | |
| End-User Industry | Oil and Gas |
| Water Treatment | |
| Chemical | |
| Healthcare | |
| Other End user Industries (Fertilizer, Food and Beverage, etc.) | |
| Geography | United States |
| Canada | |
| Mexico |
Frequently Asked Questions
What is the current North America Activated Alumina Market size?
The North America Activated Alumina Market is projected to register a CAGR of 4.21% during the forecast period (2024-2029)
Who are the key players in North America Activated Alumina Market?
BASF SE, Axens, Evonik Industries AG, Huber Engineered Materials and Honeywell International Inc. are the major companies operating in the North America Activated Alumina Market.
What years does this North America Activated Alumina Market cover?
The report covers the North America Activated Alumina Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Activated Alumina Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Activated Alumina Industry Report
Statistics for the 2024 North America Activated Alumina market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Activated Alumina analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
