Global adsorbent market is projected to reach $ 4.4 billion by 2024, growing at a CAGR of 6.4% during 2019-2024, mainly driven by the oil & gas, packaging, water treatment and air separation industries, owing to government regulations on wastewater treatment as well as environmental regulations about the rising levels of air pollution in the Asia-Pacific region. Adsorbents have small pore diameters, leading to a high surface area to facilitate adsorption. The adsorbents have high thermal stability as well as resistance to abrasion. Further, depending on the application, the surface can be hydrophilic or hydrophobic.
The market has been segmented based on type, application and region. Based on type, the market has been categorized into activated carbon, silica gel, molecular sieves, activated alumina, clay and others. Among the types of adsorbents, the demand for silica gel, silica gel-alumina composites, and metal oxides is anticipated to grow, owing to their efficiency coupled with better service life. Silica gel, molecular sieve and activated carbon also have the properties of desiccant, which act as an adsorbent, thereby leading to the growth of global adsorbent market. In terms of application, the market has been segmented into chemicals/petrochemicals, gas refining, petroleum refining & others.
Asia-Pacific is one of the largest markets for adsorbents, globally, with China leading the region’s adsorbent market, closely followed by India. India, which is the fastest-growing market in the world, is anticipated to outdo China in the adsorbent market in the coming years.
Some of the key players operating in the market are Arkema S.A., Axens S.A., BASF SE, Cabot Corporation, Calgon Carbon Corporation, Clariant, W.R. Grace & Company, Graver Technologies and WestRock.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020-2024
Objective of the Study
- To analyze
and forecast global adsorbent market size.
- To forecast global adsorbent
market based on type, application and regional distribution.
- To
identify drivers and challenges for global adsorbent market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in global adsorbent market.
- To conduct
the pricing analysis for global adsorbent market.
- To
identify and analyze the profile of leading players involved in the
manufacturing of adsorbents.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of leading manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the product offerings, distribution channels and presence of all major players operating in global
Market Insights Research calculated global
Key Target Audience
- Adsorbent manufacturers and suppliers
- Government and other regulatory bodies
- Research institutes and organizations
- Organizations, forums and alliances related to
adsorbents
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
