Adsorbents Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Adsorbents Market grew at a CAGR of 5.1% between 2017-2021 and is estimated to be US$ 4,872.3Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.6% and is expected to reach a valuation of US$ 8,401.8Mn by 2032 end.
The market for adsorbents is being driven by developments in oil and gas processing on a large scale, as well as socioeconomic advancements and increased use of adsorbents to maintain purity standards in various applications due to environmental concerns.
ChemView Consulting has analyzed that refineries are forced to create heavier stocks because of the rising demand for distillate fuels and the decreasing availability of light and simple crude. Higher nitrogen and sulfur content are released during the manufacturing of bulkier stocks, which seriously damages the environment. Governments in several nations have passed strict laws governing the release of dangerous greenhouse gases, enticing businesses to utilize environmentally friendly and sustainable production methods. Dehydrogenation and desulfurization are used more frequently in the oil, gas, and petroleum industries.
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Sales in the petroleum refining segment are anticipated to accelerate throughout the projected period in terms of applications. Adsorption is used in petroleum refining to remove oxygenates from alkylation feed, etherification raffinate streams, and HCI, H2S, and water from reformer streams.
Segments Covered in Report
By Product Type:
- Activated Alumina
- Activated Carbon
- Molecular Sieve
- Silica Gel
- Polymeric Adsorbent
- Petroleum Refining
- Water Treatment
- Air Separation & Drying
- Food Processing
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Adsorbents Market
- Based on the application, sales in the petroleum refining segment are anticipated to accelerate throughout the projected period in terms of applications. Adsorption is used in petroleum refining to remove oxygenates from alkylation feed, etherification raffinate streams, and HCI, H2S, and water from reformer streams.
- Based on the region, the market for adsorbents was dominated by APAC, which held 48.7% of the market. The demand from nations like China, Japan, and India fuels the adsorbents market in APAC. One of the key factors propelling the global adsorbents market has been rapid industrialization, particularly in emerging economies like China and India.
Key companies covered in the market study are BASF SE, Sorbead India, Adsorbents Carbons, Universal Carbons, Global Absorbents Pvt. Ltd., Arkema Group, W. R. Grace & Co.-Conn., Axens S.A, Cabot Corporation, Clariant AG, Zeochem AG, Honeywell International Inc, Zeolyst International, Ashapura Group, Zeotec Adsorbents Private Limited
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
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