Adsorbent Market CAGR of 6.00% by 2029 - Growth Opportunities, Market Scope, Drivers and Regional Analysis

The global Adsorbent Market was valued at USD 4.13 billion in 2021 and is expected to reach USD 6.59 billion by 2029, registering a CAGR of 6.00% during the forecast period of 2022-2029. The "molecular sieves" accounts for the largest type segment in the adsorbent market owing to its increased utilization in petroleum refining.

This adsorbent market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the adsorbent market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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Market Definition

Adsorbents are substances that can extract specific elements from solids, liquids, and gases while retaining their physical properties. They form layers through the adhesion process and are primarily used in the form of rods, monoliths, and molding, among other things. Adsorbents have a variety of properties, including high abrasion resistance, high surface capacity, high thermal stability, and others, making them suitable for use in a variety of petrochemical industries, air separation and drying industries, water treatment industries, and others.

Recent Development

In September 2021, Shell and BASF announced plans to collaborate to accelerate the transition to a zero-emissions world. The two companies investigated, de-risked, and deployed BAF's Sorbead Adsorption Technology for pre- and post-combustion applications in Carbon Capture & Storage as part of their collaboration. Shell employs Sorbead Adsorption Technology to dehydrate CO2 gas captured by one of Shell's carbon capture technologies, such as ADIP Ultra or CANSOLV.

Adsorbent Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

Growing Applications due to Beneficial Properties

The increasing applications from various industry verticals is expected to carve a way for the growth of the market during the forecast period. Moreover, the adsorbents possess various advantageous properties such as the high abrasion resistance, high surface capacity, high thermal stability, and others, making them suitable for use in a variety of petrochemical industries, air separation and drying industries, water treatment industries, and others which are also projected to bolster the growth of the market. Another factor expected to support the growth of the global adsorbent market is the increasing demand for polymeric adsorbents from the pharmaceutical industry for the removal of antibiotics, peptides, proteins, and other compounds.

The surging demand for adsorbent from developed and developing countries for water treatment will further boost the growth rate of adsorbent market. Additionally, the rising demand for activated carbon will also drive market value growth.

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Opportunities

Adoption, Investments and Regulations

Furthermore, the adoption of efficient separation method in petrochemical refineries coupled with the surging investment for development of cost effective products extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing number of environmental regulations as well as concern will further expand the future growth of the adsorbent
market.

Global Adsorbent Market Scope

The adsorbent market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Molecular Sieves
Activated Carbon
Silica Gels
Activated Alumina
Clay

Application

Petroleum Refining
Gas Refining
Chemicals/Petrochemicals
Water Treatment
Air Separation and Drying
Packaging

Key Question Answered in Report.

What are the strengths and weaknesses of the Adsorbent Market?
What are the different marketing and distribution channels?
What is the current CAGR of the Adsorbent Market?
What are the Adsorbent market opportunities in front of the market?
What are the highest competitors in Adsorbent market?
What are the key outcomes of SWOT and Porter's five techniques?
What is the Adsorbent market size and growth rate in the forecast period?

To know more about the study https://www.databridgemarketresearch.com/reports/global-adsorbent-market

Adsorbent Market Regional Analysis/Insights

The adsorbent market is analyzed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the adsorbent market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the adsorbent market because of the large market share of U.S. in the availability of petrochemicals along with rising exploration activities of crude oil and natural gas within the region.

Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increasing number of population along with growing packaging, food as well as pharmaceutical industry within the region.

Competitive Landscape and Adsorbent Market Share Analysis

The adsorbent market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to adsorbent market.

Some of the major players operating in the adsorbent market are

Arkema (France)
BASF SE (Germany)
Honeywell International Inc., (U.S.)
W.R Grace and Company (U.S)
Calgon Carbon Corporation (U.S)
Axens (France)
Halliburton (U.S.)
Exterran Corporation (U.S.)
Chevron Phillips Chemical Company LLC (U.S.)
Clariant (Switzerland)
Dow (U.S)
Mitsubishi Chemical Corporation (Japan)
Cabot Corporation (U.S.)
Graver Technologies (U.S.)
WestRock Company (U.S.)
Ashland Inc (U.S.)
Mapei S.p.A (Italy)
Clariant AG (Switzerland)

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Table of Contents:

Chapter 1: Adsorbent Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Adsorbent Market Competition by Manufacturers
Chapter 4: Global Adsorbent Production, Revenue (Value) by Region
Chapter 5: Global Adsorbent Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Adsorbent Market Effect Factors Analysis
Chapter 12: Global Adsorbent Market Forecast

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