Adsorbents Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Activated Carbon, Silica Gel, Molecular Sieves, Others), By Application (Gas Refining, Petroleum Refining, Water Treatment, Others), By Region and Competition 2018-2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAdsorbents Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Activated Carbon, Silica Gel, Molecular Sieves, Others), By Application (Gas Refining, Petroleum Refining, Water Treatment, Others), By Region and Competition 2018-2028
In 2021, oil production in the Asia-Pacific region amounted to roughly 7.25 million barrels per day.
Substances that absorb another material are called adsorbents. Through the adhesion process, adsorbents build layers on the surface. They induce solids, liquids, and gases to lose some of their characteristics while keeping their chemical and physical characteristics, causing them to stick to their surfaces. In addition, the adsorbents have several beneficial qualities like high abrasion resistance, high surface capacity, and high thermal stability, that make them suitable for use in a range of petrochemical industries, air separation and drying industries, water treatment industries, and others that are also expected to support the market's growth in the upcoming years.
Moreover, increasing demand for bio-based adsorbents and the growing number of environmental regulations and concerns will further expand the future growth of the adsorbent market.
Denitrogenating and Desulfurization Technology
Refineries are compelled to manage larger inventories due to increased demand for distillate fuels and diminishing supplies of lighter, simpler-to-process crude. When burnt, the elevated quantities of nitrogen and sulfur, which produce nitrogen and sulfur oxides that are bad for the environment, are the primary problems encountered while processing these stocks with Polymeric Adsorbents Market. Hydrogenation and hydro-sulfurization using hydro-treating catalysts are the typical processes used in refineries all over the globe to remove organic nitrogen/sulfur compounds from liquid fuels. High pressure, high temperatures, and hydrogen consumption are frequently required for these operations. Refractory sulfur compounds present in liquid fuels are not removed by the existing hydro-desulfurization process; only simple sulfur compounds are. These factors will propel the market in the forecast period.
Growing Demand for Oxygen Concentrators
Approximately 78% of the atmosphere's air is nitrogen, 21% is oxygen, and the rest 1% is made up of other gases.
Molecular Sieves Will Continue to Be a Key Type
To dry ethanol, these items are widely utilized in the petroleum and petrochemical industries.
In addition, Silica gel is another popular adsorbent, which is mostly utilized in the packaging sector. The good adsorption qualities of silica gel prevent moisture from forming in electrical and electronic products. Therefore, the adsorbents market is expected to grow throughout the forecast period.
Recent Developments
- In
September 2021, Shell and BASF revealed plans to join forces to accelerate the
transition to a zero-emissions world. The two companies explored, de-risked,
and deployed BASF's Sorbead Adsorption Technology for pre- and post-combustion
applications in Carbon Capture & Storage as part of their collaboration.
- In
June 2021, Honeywell announced that it has partnered with the Indian
Government's Defense Research Development Organization (DRDO) and the Council
of Industrial Research- Indian Institute of Petroleum (CSIR-IIP) to increase
oxygen production. The company aims to redirect the supply of adsorbents to
accelerate the establishment of medical oxygen plants.
- Altus
Midstream installed Honeywell UOP's Ortloff SRX technology at its Diamond
Central cryogenic gas processing complex, marking the first global use of the
innovative technology to recover valuable natural gas liquids (NGLs) from input
gas, according to Honeywell in January 2020.
- BASF launched Durasorb HG, a
mercury removal adsorbent, in June 2019.
- In February 2019, BASF collaborated with Linde to serve natural gas processing applications using BASF’s adsorbent technology and Linde’s adsorption & membrane technology.
Market Segmentation
Global Adsorbents Market
Company Profiles
Arkema SA, Global Adsorbents Pvt. Ltd., BASF SE, novoMOF AG, SpaceBlack Adsorbents, Dalian Haixin Chemical Co., Ltd, UOP LLC, Pioneer Technology Co., Ltd., Zeochem LLC, Dorf Ketal Chemicals India Private Limited are some of the key players of the Global Adsorbents Market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2022 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends |
|
Segments covered |
Type Application |
|
Regional scope |
North America,
Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United States; Mexico; Canada; France; Germany; United
Kingdom; Italy; Spain; Switzerland; China; India; South Korea; Japan; Australia;
Indonesia; Thailand; Brazil; Argentina; South Africa; Saudi Arabia; UAE |
|
Key companies profiled |
Arkema SA,
Global Adsorbents Pvt. Ltd., BASF SE, novoMOF AG, SpaceBlack Adsorbents,
Dalian Haixin Chemical Co., Ltd, UOP LLC, Pioneer Technology Co., Ltd.,
Zeochem LLC, Dorf Ketal Chemicals India Private Limited |
|
Customization scope |
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope. |
|
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options |
Avail customized
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|
Delivery Format |
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request) |
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