Worldwide Market Reports added Latest Research Report titled “Spherical Alumina Adsorbent Market - Size, Share, Outlook, and Forecast till 2026” to its Large Report database.
Spherical alumina adsorbent is a dry, granular chemical substance produced by de-hydroxylation of aluminum hydroxide. It is primarily used for the filtration of water to remove harmful fluorides and arsenic particulates. Also, it is used in the recovery of sulfur from industrial process in petrol refineries and steel plants.
The usage of spherical alumina adsorbent in the Claus process in industries is a major factor driving growth of spherical alumina adsorbent market. The use of domestic filtration system in houses has increased, owing to the increasing awareness regarding health issues, which in turn has led to increase in demand for spherical alumina adsorbent, as it effectively removes fluorides from the water. The working environment inside a factory or an industry needs to be dry and moisture-free, wherein air dryers containing alumina adsorbent are widely used. This further increases the demand for spherical alumina adsorbent, in turn fueling growth of the market. Furthermore, rising demand for water treatment across the globe is expected to boost demand for alumina adsorbent over the forecast period.
Threat from substitutes and the high regeneration cost in some of the end-use segments are likely to hinder growth of spherical alumina adsorbent market.
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Key Developments in Spherical Alumina Adsorbent Market
Key players are adopting various strategies such as mergers, acquisitions, new product launches, expansions, collaborations, partnerships, approvals, and joint ventures to retain its position in the spherical alumina adsorbent market. On May 3, 2018, Honeywell announced a handsfree, wearable Connected Plant technology that allows industrial workers to more safely, reliably and efficiently accomplish their tasks in the plant or the field.
On April 16, 2018, Honeywell Process Solutions introduced a control technology solution that increases productivity for batch operations and speed-to-market of batch products. Moreover, on May 2, 2018, Axens announced that it crossed the 95% holding threshold for Heurtey shares and presently holds a total of 4,715,562 shares representing 95.9% of the capital.
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On March 7, 2018, the Fire Retardant Additives (FRA) business unit, which is a part of the Huber Engineered Materials (HEM) division of J.M. Huber Corporation, announced a significant capital investment to increase production capacity for Martinal® LEO fine precipitated alumina trihydrate at its Martinswerk Plant in Bergheim, Germany.
Some of the key players operating in the spherical alumina adsorbent market include Honeywell International Inc., Axens, CHALCO, Huber, BASF SE, Porocel Industries, Sumimoto, Jiangsu Jingjing New Material, Jiangsu Sanji, and Sorbead India among others.
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