Global Adsorbent Market was valued at US$ 3.2 Bn in 2019 and expected to reach US$ 5.21 Bn by 2026, at a CAGR of 6.28% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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The adsorbent is a chemical that widely used for the purification processes in industries. Based on the type, the adsorbents market has been segmented into activated carbon, molecular sieve, activated alumina, clay, and silica gel. Molecular sieves held a significant share in the market. Molecular sieves have small pores of uniform size, which restrict large molecules while simultaneously allowing smaller molecules to pass through. Owing to these properties, molecular sieves are widely used in air separation, water treatment, and drying applications.
The trend in the market is increasing collaboration between consumers and manufacturers. Collaborations between consumers and manufacturers of adsorbents have increased and are expected to increase during the forecast period. Furthermore, specialized adsorbents have led to a rise in the number of these collaborations, which benefits manufacturers and consumers of adsorbents.
The driving factor of the market is the increasing demand for adsorbents in petroleum refineries. Adsorption is an efficient separation method used in petrochemical refineries. In addition, it is used for the removal of contaminants such as water and sulfur. Activated carbon is the most widely used adsorbent in the adsorption process. Furthermore, the high cost of activated carbons is a major challenge faced by the manufacturers of adsorbents.
The fluctuation of the oil prices is the main restraint in the adsorbents market, which will influence the demand-supply situation.
Based on the region, North America is expected to witness significant growth in the adsorbents market during the forecast period. The rise in the manufacturing sector is fueling the demand for silica gels and activated alumina, resulting in increased demand for adsorbents.
Constant growth in the adsorbent market is anticipated in the Asia-Pacific owing to the increasing demands from China and India. The growing population has surged the pharmaceutical, food, and packaging industry which in turn is expected to boost the market growth in the Asia Pacific region.
The key market players operating in the global adsorbents market are Arkema S.A, BASF SE, W.R Grace and Company, Calgon Carbon Corporation, Axens S.A, The Dow Chemical Company, Mitsubishi Chemical Corporation, Cabot Corporation, Clariant, and W.R. Grace Company.
The report covers the total market for the adsorbent market has been analyzed based on the Porter's five forces model. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges key issues SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
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Scope of Adsorbent Market: Inquire before buying
Global Adsorbent Market, by Type
• Molecular Sieves
• Activated Carbon
• Silica Gel
• Activated Alumina
• Clay
• Others
Global Adsorbent Market, by Application
• Petroleum Refining
• Chemicals/Petrochemicals
• Gas Refining
• Water Treatment
• Air Separation Drying
• Packaging
• Others
Global Adsorbent Market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East Africa
• South America
Key Players Operating in Adsorbent Market:
• Arkema S.A
• BASF SE
• Calgon Carbon Corporation
• Jacobi Carbons
• Axens S.A.
• CECA
• Zeochem
• MeadWestvaco
• UOP
• Almatis
• Clariant
• The Dow Chemical Company
• Mitsubishi Chemical Corporation
• Cabot Corporation,
• W.R. Grace Company.
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