Adsorbents Market Size Analysis

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.

Due to an increase in demand and the deployment of desulfurization technology, which is anticipated to increase demand, the market took off quickly during the first half of the forecast period.

The market is expected to expand as adsorbents are utilized more often across several industries, including pharmaceuticals, food processing, oil & gas, water treatment, and air separation. An increasing market for high-quality, reasonably priced liquid fuels is also encouraging the creation of new products, promoting the industry’s growth.

Market Dynamic

GROWING DEMAND FOR DISTILLATE FUELS IS COMPELLING REFINERIES TO PRODUCE HEAVIER STOCKS

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.

Conventional hydrotreating catalysts are used in these procedures to remove organic sulfur/nitrogen compounds for liquid fuels. High pressures, temperatures, and hydrogen consumption are necessary for these. While there are effective processes for removing sulfur compounds, liquid fuels contain refractories that cannot be removed.

REDUCED SERVICE LIFE DUE TO HIGH LEVELS OF IMPURITIES

The capacity of adsorbent materials to attract molecules to their surfaces is constrained. Once the power has been reached, additional refinement and purification will generate an equilibrium that will result in desorption. For the adsorption of various pollutants and impurities, such as (carbon dioxide or hydrogen sulfide), mercaptans, manufacturing chemicals, and hydrate inhibitors, adsorbents are utilized in refinement and purification processes.

At this point, the adsorbent is renewed due to a reaction between the current contaminants and adsorbents. These impurities either eliminate the adsorbent or restore it. The market for adsorbents as a whole may be constrained by the fact that the service life of adsorbents depends on the material’s potential for regeneration.

DENITROGENATION/DESULFURIZATION TECHNOLOGY

Refineries are being forced to process heavier stocks due to rising demand for distillate fuels and dwindling supplies of lighter and simpler crude. The main issues that arise during processing are the greater nitrogen and sulfur contents of these stores, which, when burned, produce nitrogen and sulfur oxides that pose substantial environmental risks.

The traditional techniques used in refineries worldwide to remove organic nitrogen/sulfur compounds from liquid fuels include hydrogenation and hydro-sulfurization employing hydro-treating catalysts. High temperatures, high pressures, and hydrogen consumption are typically needed for these operations. The current hydro-desulfurization process cannot remove the refractory sulfur compounds in liquid fuels because they are difficult to remove.

Market Segments Covered in Report

By Product Type:

• Activated Alumina
• Activated Carbon
• Molecular Sieve
• Clay
• Silica Gel
• Polymeric Adsorbent

By Application:

• Petroleum Refining
• Chemicals
• Water Treatment
• Air Separation & Drying
• Pharmaceuticals
• 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)

Segment-Wise Analysis

Why is the demand in the petroleum refining sector high?

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.

Additionally, these products remove nitriles from etherification feed, desulfurize and dehydrate LPG streams, naphtha, and diesel oil, and drain alkylation feed and refinery gas streams before cryogenic separation. These factors are expected to keep demand in this market segment high throughout the assessment period.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• 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.
• Adsorbents’ expanding use in the pharmaceutical and food and beverage industries is anticipated to support increased sales in the U.S. market. Leading CPG companies and thriving food service, packaged food, pharmaceutical, and biopharmaceutical sectors are expected to support the market’s expansion.

Competition Analysis

Leading companies in the worldwide adsorbents market are engaging in partnerships, mergers, and acquisitions to increase their global presence. Manufacturers are also striving to diversify their product lines and expand their production facilities to acquire a competitive edge in the industry.

The key developments in the Global Adsorbents Market:

• In June 2021, to boost oxygen production, Honeywell announced a collaboration with the Defense Research Development Organization (DRDO) and the Council of Industrial Research- Indian Institute of Petroleum (CSIR-IIP) of the Indian government. The corporation wants to hasten the construction of medicinal oxygen plants by rerouting the supply of adsorbents.

A list of some of the key suppliers present in the market are:

• BASF SE
• Sorbead India
• Adsorbents Carbons
• Universal Carbons
• Global Absorbents Pvt. Ltd.
• Arkema Group
• R. Grace & Co.-Conn.
• Axens S.A
• Cabot Corporation
• Clariant AG
• Zeochem AG
• Honeywell International Inc
• Zeolyst International
• Ashapura Group
• Zeotec Adsorbents Private Limited

Report Coverage and Highlights

• 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 impacting the 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.

• Report Includes

  Market Size Data

  • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
  • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
  • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
  • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
  • Incremental dollar opportunity generated in the forecast period would be indicated
  • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

  Market Background

  • Macroeconomic factors that impact the market developments
  • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
  • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
  • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
  • Trade analysis and analysis of key supply and demand hubs
  • Identification of hotbed opportunities existing in the market
  • Porter’s and PEST analysis to understand the business environment of the geography
  • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

  Pricing Analysis

  • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
  • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
  • Cost teardown analysis and key factors impacting pricing

  Value Chain Analysis

  • Country-wise list of raw material suppliers
    • Raw material price trends and buyers’ sentiment
    • Overview of Intelligent Sourcing Technique
    • Raw material procurement requirements
    • Vendor selection criteria
  • Country-wise list of product manufacturers
  • Country-wise list of distributors/traders
  • Country-wise list of end-users
    • End-Users/Customers consumption mapping
    • Key End-Users/Customers client list
  • Country-wise list of other key channel partners
  • Average profitability margins
  • Regional value chain dynamics

  Competition Analysis

  • Market shares and production capacities of key players
  • Tier structure analysis of market
  • Comprehensive competition dashboard representing the top 10-15 players in the market
  • Individual company profiles of top 15 to 20 manufacturers
    • Business Overview
    • Product Portfolio
    • Key Financials
    • Recent Developments
    • SWOT Analysis
    • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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