Extensive use of Absorbents in the petrochemical industry is bolstering the Global Adsorbent Market

The research report "Adsorbent Market: By Type (Activated Alumina, Activated Carbon, Clay, Molecular, Sieves, Silica Gels and Others), By Application (Air Separation and Drying, Chemicals/Petrochemicals, Gas Refining, Packaging, Petroleum Refining, Water Treatment and Others) and Geography-Global/Region/Country Forecast to 2028." The global adsorbent market anticipated to be valued at USD 4.2 billion in the year 2021 and poised to grow at a considerable CAGR rate 6% during the forecast period 2022-28.

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Excellent chemical and physical properties of adsorbents drive the Global Adsorbent Market:
The molecular sieves adsorbents have pores of specific sizes, which can block molecules and make them perfectly usable in the drying, petrochemical and air separation applications. Therefore, increasing need of adsorbents for petroleum refining will be the leading factor impelling the growth of adsorbents market. Frequent acquisitions and product releases by the key players are fuelling the global adsorbent market. For example, BASF collaborated with Linde in Feb 2019 to serve natural gas processing applications using adsorption and membrane technology of Linde and adsorbent technology of BASF. A few of the leading factors fuelling the market growth are huge demand from water treatment and technological developments, increasing environmental worries, excellent chemical and physical properties of adsorbents, demand from different end-user industries and wide ranging use of absorbents in petrochemical industry.

Absorbents are hugely used in the petrochemical industry for removing trace contaminants including sulfur and water in the feed, intermediate and product streams. Because of the reactivity of ethylene plant streams, making use of right absorbent is critical. In modern industrial processes, removal of undesirable impurities is critical to assure the environment protection, avoid costly unplanned shutdowns and protect downstream catalysts. Operators can upgrade the quality of their products and achieve specifications to improve their operations through the use of dedicated adsorbents.

Asia Pacific got significant share in the Global Adsorbent Market:
Global Adsorbent market report gives comprehensive outlook on adsorbent across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these regions, Asia Pacific accounted for major revenue share in the global adsorbent market witnessing significant CAGR rate. Existence of the most important petrochemical manufacturing industries of the world in Asia Pacific region is one of the major factors to impel the market growth in this region. Another important factor responsible for the growth of market is the growing vehicle population in this region. China contributes greatly to the market growth in this region. Moreover, North America got major share in the market during the anticipated time span.

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Competitive Analysis - Global Adsorbent Market:
There are a few major players working in the global adsorbent market such as Arkema S.A, Axens S.A, BASF , SECabot Corporation and Calgon Carbon Corporation. These players aim at adopting a few major strategies to enhance their product collection in the market.

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