Adsorbents Market Size, Share, Demand & Trends by 2033
The sales of Adsorbents are likely to be US$ 5.5 Bn in 2023. As per the adsorbent market analysis report by FMI, the net worth of the global market is projected to reach up to US$ 89. Bn by 2033 by registering a 5% CAGR over these forecast years.
The global demand for adsorbents in the market is
majorly getting driven by several recent innovations in petroleum and natural
gas processing methods. Moreover, its rising usage for maintaining the
cleanliness requirements of water in different industrial or commercial
applications has resulted in a huge drinking water adsorbent market in recent
years.
Because of the rising requirement for distillate fuels
and dwindling supplies of higher grade, easier-to-process crude oil, refineries
are being forced to process more and more fossil fuel petroleum every year.
This trend is expected to further boost and create huge opportunities for the
BTX and hydrocarbon-separating adsorbents market in particular. Anyways, the
rising prices of petroleum products have increased the demand for petroleum and
its refining processes, indirectly boosting the sales of adsorbents in the
global market.
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Key Takeaways from the Adsorbents Market
- The
United States is the dominant market, accounting for more than 25% of the
money made by sales of adsorbents in the worldwide market. The net value
of the US adsorbent market is projected to cross US$ 2 Bn by the
conclusion of this projected timeline.
- China
is a very close competitor of the United States in production as well as
sales of adsorbent in the domestic and global markets. According to this
analysis report, it accounts for approximately 20% of the global adsorbent
market and is expected to reach US$ 1.9 Bn by 2033.
- The
adsorbent market in the United Kingdom and Germany is expected to be worth
up to US$ 513.1 Bn and US$ 548.2 Bn by 2033 respectively. These two
countries are also the leading regions in the polymeric adsorbent market
in Europe.
- Out
of the various types of adsorbents available in the market today,
molecular sieve adsorbents are found to be the most promising segment for
the projected years. This category of adsorbents is expected to register a
CAGR of 6.1% throughout the upcoming 10 years.
- According
to the global adsorbent industry survey figures, the product is mostly in
demand in Petroleum and petrochemical sectors.
Competitive Landscape for the Adsorbents
Market Players
Major suppliers of different types of adsorbents that
contribute significantly to the global market are BASF SE, Sorbead India,
Adsorbents Carbons, Universal Carbons, Global Absorbents Pvt. Ltd., Arkema
Group, W. R. Grace & Co.-Conn., Axens S.A, Cabot Corporation, Clariant AG,
Zeochem AG, Honeywell International Inc, Zeolyst International, Ashapura Group,
Zeotec Adsorbents Private Limited, Bee Chems, Sunneta Carbons, Raj Carbon,
Siddhartha Industries, and AGC Group among others.
Product innovation and increasing the performance of
adsorbents that can be used for several other pollutants are the major strategy
adopted by most of the global adsorbents market players. For example, Durasorb
HG which is a pollutant mercury-attracting adsorbent was released in June 2019.
It is also capable of adsorbing mixed metal oxide to some degree in moist
circumstances.
Adsorbents Market by Category
Product Type:
- Activated
Alumina
- Activated
Carbon
- Molecular
Sieve
- Clay
- Silica
Gel
- Polymeric
Adsorbent
Applications:
- Petroleum
& Petrochemical
- Chemicals
- Water
Treatment
- Air
Separation & Drying
- Pharmaceuticals
- Food
Processing
Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- Middle
East & Africa
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
4. Global Market Analysis 2017-2022 and
Forecast, 2023-2033
to be continued…!
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Full Report: https://www.futuremarketinsights.com/reports/global-adsorbents-market
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