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.  

Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-145

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…!

Browse Full Report: https://www.futuremarketinsights.com/reports/global-adsorbents-market

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the ...
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. ...
Read more

Construction Chemicals Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

-
 The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.  Construction chemicals  play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market. The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid ex...
Read more