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Mineral Adsorbent Market Is Expected to Reach USD 6.59 billion, Size, Industry Trends, Business Opportunities, Strategies, Key Players Analysis and Forecast 2029
Mineral Adsorbent Market Overview:Mineral adsorbents have been finding important 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 applications have been playing an important application in the form of their use in animal diets with the intention of prevention of poisoning caused by mycotoxins, especially in the poultry industry.
The global Mineral Adsorbent market is expected to grow from USD 3.9 billion in 2020 to USD 6.59 billion by 2029,0020at a CAGR of 6% from 2022-2029.
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Mineral Adsorbent Market Key Players
The key players are now concentrating on implementing strategies such as adopting new applications, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global Mineral Adsorbent market industry.
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Axens S.A., BASF SE, Cabot Corporation, Arkema S.A., Calgon Carbon Corporation, Clariant AG, W.R. Grace, Graver Technologies, Sorbead, Honeywell UOP and Others
Recent Development
12 May 2022- Axens and Toray Films Europe to boost Plastic Circular Economy with a new PET Chemical Recycling Plant in Saint-Maurice-de-Beynost (France)
Axens, worldwide provider of technologies, products and services, and Toray Films Europe, market leader in engineering plastics films, are announcing their collaboration to study a PET chemical recycling facility at Toray Films Europe production site in Saint-Maurice-de-Beynost (Ain, France).
In September 2021, Shell and BASF announced their plans of working together to promote the transition to a zero-emissions world.
As part of their collaboration, the two firms investigated, de-risked, and deployed BASF's Sorbead Adsorption Technology for pre-and post-combustion applications in Carbon Capture & Storage. Shell uses Sorbead Adsorption Technology to dehydrate CO2 gas that is captured using Shell's carbon capture technologies. such as ADIP Ultra or CANSOLV.
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Mineral Adsorbent Market Segmentation:
Mineral Adsorbent Market by Type, 2020-2029, (USD Million), (Kilotons)
Molecular Sieves
Activated Carbon
Silica Gels
Activated Alumina
Others
Mineral Adsorbent Market by Application, 2020-2029, (USD Million), (Kilotons)
Petroleum Refining
Gas Refining
Water Treatment
Air Separation
Others
Growth Factors:
Increasing demand from the Mineral Adsorbent industries
The growing use of Mineral Adsorbent in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Mineral Adsorbent Market
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Mineral Adsorbent Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Mineral Adsorbent Market Trends
- The report identifies, determines, and forecasts the Global Mineral Adsorbent Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Mineral Adsorbent Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Mineral Adsorbent Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Mineral Adsorbent Market.
Frequently Asked Questions:
What are the main drivers of the global Mineral Adsorbent?
What are the major challenges of the global Mineral Adsorbent?
Who is the market key players?
What was the effect of the COVID-19 pandemic on the global Mineral Adsorbent?
What are the recent trends in the market?
What is the compound annual growth rate of the global Mineral Adsorbent?
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