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Adsorbents Global Market Report 2024 - By Trends, Size, Share And Analysis, Forecast To 2033
Adsorbents Market
As per the report, the adsorbents market size has grown strongly in recent years. It will grow from $4.67 billion in 2023 to $5 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. 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%.
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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.
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.
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
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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. .
Contents of the report:
1. Executive Summary
2. Adsorbents Market Report Structure
3. Adsorbents Market Trends And Strategies
4. Adsorbents Market - Macro Economic Scenario
5. Adsorbents Market Size And Growth
…..
27. Adsorbents Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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