Adsorption Equipment Market Forecast | 2023-28

Market Insights

The adsorption equipment market is estimated to grow from USD 371.38 million in 2022 to USD 509.63 million by 2028 at a CAGR of 5.27% during the forecast period.

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What is adsorption equipment?

Adsorption is a cycle where gas, fluid, or broken-down particles stick to a surface, facilitated by the Van der Waals force. Adsorption equipment, such as cooling, adsorption chillers, engineered sap, and water refinement, helps limit the presence of natural toxins in wastewater, such as pesticides, oils, cleansers, lubes, manures, and phenols while controlling their environmental impact. The market for adsorption hardware is expected to grow due to its ability to use non-hazardous control structures for eliminating poisons from liquid and gas streams.

Market Dynamics

• Surge in demand for adsorption equipment in wastewater treatment: Population growth, migration, and global water scarcity have increased the demand for desalinated water. This has prompted developing countries to invest in water treatment facilities to meet growing demand. Adsorption equipment adoption in the municipal sector is expected to further fuel this growth.
• Increasing demand for zeolites: The zeolites market is expected to grow rapidly due to their high adsorption and retention capacities, especially at high temperatures, and their increasing use as air purifiers and dehumidifiers. Factors such as global automotive production, the growing printing industry, and rapid industrialization are also expected to contribute to this growth.

Opportunities

• The surge in demand for automotive paints: The automotive paints market is expected to grow due to strict VOC emissions regulations. Global vehicle manufacturing increased by 2.4% in 2016, creating significant growth opportunities for the adsorption equipment market in the forecast period.

• Technological developments: Digital technology is being utilized in desalination plants to enhance monitoring, risk detection, and process control, aiming to reduce disposal and improve freshwater yield, thereby boosting market growth.

Restraints/ Challenges

• Costly product installation and set-up

The global adsorption equipment market is expected to be restrained by the availability of high-cost substitutes like fluidized beds and fixed-bed adsorbers with low maintenance and installation costs. This report provides insights into recent developments, trade regulations, production analysis, value chain optimization, market share, domestic and localized market players, opportunities, market size, category growths, application niches, product approvals, product launches, geographic expansions, and technological innovations. Data Bridge Market Research offers in-depth analysis of procurement levels, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, and advanced benchmarking services.

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Key Players

Some of the major players in the adsorption equipment market are-

• Durr AG
• CECO Environmental
• Evoqua Water Technologies LLC
• TIGG LLC
• CTP GmbH
• TAIKISHA LIMITED
• Environmental C & C Inc.
• Gulf Coast Environmental Systems
• Monroe Environmental Corp

Segment Analysis

By Capacity Type

The adsorption equipment market is segmented as less than 10,000 CFM, 10,000-50,000 CFM, and more than 50,000 CFM. The 10,000-50,000 CFM segment is expected to be the fastest-growing segment, during the forecast period, owing to to its ability to process high concentrations of VOCs.

By End-Use Industry Type

The adsorption equipment market is segmented as automotive paints, chemicals, semiconductors, printing, and others. The automotive paints segment is estimated to be the fastest-growing segment, over the forecast period, due to stringent regulations imposed by authorities to control VOC emissions and rapidly growing automotive productions.

By Region

Asia-Pacific is estimated to be the largest adsorption equipment market during the forecast period. The growth of the region is attributed to the fact that APAC is the hub of automotive, chemical, pharmaceutical, printing, paper, and semiconductor manufacturing and these industries generate huge demand for adsorption equipment in the region. China and India are the growth engines of the region.

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Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

 The adsorption equipment market is segmented into the following categories. 

By Capacity Type:

• Less Than 10,000 CFM 
• 10,000-50,000 CFM 
• More than 50,000 CFM

By End-Use Industry Type:

• Automotive Paints
• Chemical 
• Semiconductor 
• Printing 
• Others 

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the capacity types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.