Global Mineral Adsorbent Market- Industry Growth, Trends and Forecast Analysis to 2027

Mineral Adsorbent Market: Inhibition of Mycotoxins

• Mineral adsorbents have applications in the inhibition of mycotoxins in animal feeds. Mycotoxins are poisonous metabolites produced by numerous fungi species. In recent times, mineral adsorbents based on natural zeolite and bentonite are used in animal diets to prevent poisoning caused by mycotoxins, especially in the poultry industry.

• The bentonite mineral adsorbent materials have more capability to reduce micronutrient availability than zeolite mineral adsorbent materials

Key Drivers of Global Mineral Adsorbent Market

• The mineral adsorbent market growth is fueled by high potential from molecular sieves and activated carbon; increase in global demand for petroleum refining and chemicals/petrochemicals; and growth in gas refining industry

• Mineral adsorbents have applications in purification of streams of hydrocarbons in the chemical industry, purification of industrial gases, and other purification processes. These applications of mineral adsorbents are important in chemical processing, gas processing, petrochemical applications, dimerization, and refining.

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Molecular Sieves Segment to Dominate Global Market

• Molecular sieves are largely used in mineral adsorbent. These are used in petrochemicals for separation of air and drying gas streams’, and animal feed. Mineral adsorbents are widely used in the petrochemicals industry to remove trace contaminants such as water and sulfur in the feed, intermediate, and product streams.

• Molecular sieves are used in non-cryogenic oxygen production plants, to adsorb nitrogen from air, producing high purity oxygen. These molecular sieves have the properties of desiccant as well. This is one of the factors responsible for the growth of the molecular sieves segment.

• Petroleum refining industry is a major consumer of mineral adsorbents worldwide. Petroleum refining adsorbents are widely used in dehydration of alkylation feed and purification of feedstock to protect isomerization catalysts in refining.

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Disadvantages of Application of Mineral Adsorbent in Animal Feed to Hamper Market

• Some undesirable effects were observed with regard to application of mineral adsorbents in animal feed. For instance, vitamin B6, an essential ingredient of animal & poultry feed, was tightly bound to the bentonite-based mineral adsorbent during the removal of toxins in the animal feed by adsorption. This is likely to force end-users to seek alternatives to eliminate the undesired effects of mineral adsorbent applications, because micronutrients in animal feed are very important to maintain the product quality. Such disadvantages of applications of mineral adsorbents are expected to hamper the global mineral adsorbent market in the next few years.

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North America Expected to Hold Significant Share of Global Mineral Adsorbent Market

• In terms of region, the global mineral adsorbent market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

• North America was the leading market for mineral adsorbent, in terms of both value and volume, in 2018. The region is estimated to continue its dominance during the forecast period. The countries in this region such as the U.S. and Canada are witnessing a significant increase in the use of mineral adsorbent in air separation & drying, animal feed, and water treatment applications. The industrial development in North America is driving the demand of mineral adsorbent used in this region.

• Asia Pacific holds a considerable share of the global mineral adsorbent market. The market in Latin America and Middle East & Africa is anticipated to expand at a considerable pace during the forecast period. The two regions are likely to create lucrative opportunities for the mineral adsorbent market from 2019 to 2027.

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Key Players Operating in Market

The global mineral adsorbent market is a fragmented market with presence of several international and domestic manufacturers. Presence of a large number of small- and medium-sized players makes the market highly competitive. High growth potential of the market is attracting new local as well as international players toward the market. Key players operating in the global mineral adsorbent market include:

• Axens S.A.
• BASF SE
• Cabot Corporation
• Arkema S.A.
• Calgon Carbon Corporation
• Clariant AG
• W.R.Grace
• Graver Technologies
• Westrock
• Sorbead
• UOP LLC
• Zeochem
• Zeolyst International

In coming years, as the debate on the potential impact of the chemical manufacturing across industries on the ecology gets fiercer, new monitoring technologies will emerge. Latest compliance regulations will expand the scope of green chemistries for businesses in the downstream value chain. Further, manufacturers in the market will increasingly leverage digital channels to reach high-value customers. Many will use them to avoid disruption such as by pandemics.

An assortment of analytics technologies will help in augmenting the commercial productivity. However, until now, the pace of adoption of digital technologies in the overall chemicals industry has been relatively slow. It thus remains to be seen how far the players in the market will be able to unlock long-term productivity benefits of AI-driven management of various business functions, particularly research and development and production.

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