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Adsorbents Global Market Report 2024 | Size, Share, Growth, Trends, Analysis, Forecast, Outlook, Mergers and Acquisitions, Top Major Key Players | 2033 Forecast
Adsorbents Global Market
The adsorbents market size is expected to see strong growth in the next few years. It will grow to $6.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising focus on sustainable and green technologies, growing awareness of water scarcity, expanding applications in gas separation, pharmaceutical industry advancements, evolving regulations for air quality control.. Major trends in the forecast period include applications in industrial gas purification, utilization in energy storage systems, innovation in adsorbent-based water treatment, market expansion in asia-pacific region, demand in gasoline and diesel purification..
Market Overview -
Adsorbents are insoluble materials with liquid coatings on their surfaces, such as capillaries and pores. Adsorbents are essential in chemical absorption, which occurs when a specific component is trapped on the surface of a material.
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Rising Demand For Oxygen Concentrators To Drive Market Growth
The increase in demand for oxygen concentrators is expected to propel the growth of the adsorbents market going forward. An oxygen concentrator provides extra or supplemental oxygen to patients who have respiratory difficulties. The portable oxygen concentrator using the PSA technology can adsorb nitrogen from the air and produce an enriched oxygen stream under high-pressure settings due to the enormous microporous surface area inside the zeolite adsorbents hence, usage of adsorbents drastically increased in oxygen concentrators due to covid-19. For instance, in February 2021, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, WHO, and partners have supplied more than 30,000 concentrators and 40,000 pulse oximeters and patient monitors, reaching 121 countries, including 37 nations. Therefore, the increase in demand for oxygen concentrators drives the adsorbents market.
Competitive Landscape -
Major companies operating in the adsorbents market report are Arkema SA, Axens SA, BASF SE, Cabot Corporation, Clariant AG, Calgon Carbon Corporation, Graver Technologies LLC, W.R. Grace & Company, Sorbead India, Adsorbents Carbons, Universal Carbons, Global Absorbents Pvt. Ltd., Honeywell International Inc., Zeolyst International, Ashapura Minechem Ltd., Zeotec Adsorbents Private Limited, Bee Chems, Suneeta Chemicals Pvt. Ltd., Raj Carbon Pvt. Ltd., Dow Inc., Mitsubishi Chemical Corporation, PQ Corporation, DORF KETAL, Zeochem AG, Purolite Ltd., Thermax Limited, Sunresin New Materials Co. Ltd., Lanxess AG, W. R. Grace & Co., Kuraray Co. Ltd. .
Product Innovations Transforming The Adsorbents Market
Product innovation is a key trend in the adsorbents market. Major companies operating in the adsorbents sector focus on developing new products to meet customer demand. For instance, in July 2022, BASF SE, a German-based company, launched PuriCycle. PuriCycle's portfolio includes innovative catalysts and adsorbents designed to selectively remove or convert a wide range of contaminants in pyrolysis oils, allowing for downstream processing of circular plastics streams. PuriCycle can assist companies in meeting industry compositional compliance standards, gaining high efficiency in purification and upgrading solutions, and increasing their flexibility in the chemical recycling of plastics. PuriCycle purifies pyrolysis oils, a secondary raw material derived from the chemical recycling of plastic waste and used in manufacturing new polymers at the start of the value chain.
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Key Segments -
The adsorbents market covered in this report is segmented -
1) By Type: Molecular Sieves, Activated Carbon, Silica Gel, Clay, Other Type
2) By Application: Water Treatment, Air Seperation, Packaging , Gas Refining, Other Application
3) By End-User: Pharmaceutical, Commercial, Industrial, Petrochemical, Other End-User
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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Adsorbents
The market crossed US$ 4 billion mark in 2022 and is expected to hit US$ 7.5 billion by 2030, recording a CAGR of 5.5% during the forecast
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Adsorbents Market 2021 | Detailed Report
The report titled “Adsorbents Market” sheds a concentrated focus on the Adsorbents industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.
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The global Adsorbents Market is estimated to be USD 4.1 billion in 2021 and is projected to reach USD 5.6 billion by 2026, at a CAGR…
