Adsorbent Market Industry Analysis, Size, Share, Growth 2029

Market Overview
The Global Adsorbent Market size is estimated to reach a high CAGR of 5.00% during the forecast period 2022-2029.

Adsorbents are materials that can remove specific elements from solids, liquids, and gases while maintaining their physical properties. They create layers through adhesion and are mainly used in rods, monoliths, molding, etc. Adsorbents have a variety of qualities, including strong abrasion resistance, high surface capacity, high thermal stability, and so on, making them appropriate for application in various sectors, including petrochemicals, air separation, drying, water treatment, and others.

As a result, adsorbents are poised to become market leaders, as they possess a variety of qualities that may be applied to a variety of sectors. Adsorbents are in demand for their capacity to treat water since water treatment has been one of the various issues that the industries usually face. Low-cost polymer-based adsorbents that may be utilized to extract toxic compounds, anions, and other dangerous substances from industrial wastewater and convert them to freshwater have recently been created in the adsorbents market. Though this technology is not yet in widespread use, it paves the way for the future development of wastewater treatment systems that are simple to implement.

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Market Dynamics
Growing demand for adsorbents in the oxygen concentrators, particularly during the Covid-19 period, has created immense opportunities for adsorbents across the globe.

With the rise of COVID-19 cases and a shortage of oxygen cylinders in numerous countries, oxygen concentrators are among the most in-demand oxygen therapy devices, particularly for patients in home isolation and hospitals running out of oxygen. A medical device that concentrates oxygen from ambient air is known as an oxygen concentrator. Atmospheric air contains roughly 78% nitrogen and 21% oxygen, with 1% of various gases. The oxygen concentrator takes in this air, filters it via a sieve, releases the nitrogen back into the atmosphere, and concentrates on the remaining oxygen.

Concentrators are portable and do not require a specific temperature, unlike LMO, which must be stored and carried in cryogenic tankers. Unlike cylinders that must be refilled, Concentrators need a power source to pull in ambient air. Pressure swing adsorption (PSA) is a technique for isolating specific gas species from a mixture of gases under pressure, based on their molecular properties and affinity for an adsorbent material. The need for adsorbents has risen as a result.

For instance, in June 2021, Honeywell announced a partnership with India's premier Defence Research Development Organization (DRDO), as well as the Council of Scientific and Industrial Research and the Indian Institute of Petroleum (CSIR-IIP), to supply molecular sieve adsorbents to help the country's medical oxygen plants get up and running faster.

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Market Segmentation:
By Type
• Silica Gel
• Molecular Sieves
• Activated Carbon
• Activated Alumina
By Application
• Petroleum refining
• Chemicals/Petrochemicals
• Air Separation & Drying
• Gas refining
• Water treatment
• Packaging

Competitive Landscape
The Adsorbent market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth areW.R. Grace and Company, Arkema SA, Clariant, Honeywell International Inc, Axens, BASF SE, Mitsubishi Chemical Cabot Corporation, and others.

The major companies are adopting several growth strategies such as acquisitions, product launches, and collaborations, contributing to the market growth of Adsorbentglobally.

For instance, In June 2019, Durasorb HG, a mercury removal adsorbent, was introduced by BASF. Durasorb HG is a mixed metal oxide adsorbent that is non-regenerable and designed to work in wet circumstances. BASF might retain and attract new customers by releasing new and improved products regularly.

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