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  • Adsorbents Market Growth Analysis | 2023-2028

    Adsorbents Market Growth Analysis | 2023-2028

    Adsorbents Market Growth Analysis | 2023-2028
    Report code - SR2581 Delivery - 2 Weeks
    Adsorbents Market Size, Share, Trends, Forecast, & Growth Analysis - 2023-2028
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    Market Insights

    The adsorbents market was estimated at USD 4.35 billion in 2022 and is likely to grow at a CAGR of 6.21% during 2023-2028 to reach USD 6.25 billion in 2028.

    Adsorbents-Market-Insights

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    What are adsorbents?

    Adsorbents have extensive applications in a wide range of domains and fields, such as medicine, chemical processing, water treatment, and environmental remediation. Activated carbon, zeolites, silica gel, activated alumina, molecular sieves, and clay minerals are a few of the regularly utilized adsorbents on the market. These materials have unique properties that make them suitable for specific applications. For example, activated carbon is highly effective in adsorbing organic compounds, while zeolites are excellent adsorbents for gases and ions.

    Adsorbents Market Report Highlights

    Market Size in 2022

    USD 4.35 billion

    Market Size in 2028

    USD 6.25 billion

    Market Growth (2023-2028)

    6.21% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    Adsorbent demand is being fueled by a number of factors, including the expanding need for environmental sustainability and protection, strict emission controls, rising consumer demand for clean and safe drinking water, and the expanding industrial sector in emerging nations. Adsorbents are a vital part of many purification and treatment procedures because of their important function in eliminating toxins, pollutants, and impurities from air and water. The COVID pandemic impacted value chains in the adsorbents market. However, market demand bounced back in 2021 and is expected to grow further in the coming years.

    The surging demand for adsorbent from developed and developing countries for water treatment will further boost the growth rate of the market. Technological advancements and innovation in adsorbent materials are likely to further expand the market by enabling new applications and improving the efficiency of existing processes. Additionally, the increase in market value will be fueled by the increased demand for activated carbon.

    Adsorbents-Market-Dynamics

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    Segment Analysis

    By Type

    The adsorbents market is segmented into molecular sieves, activated carbon, silica gel, activated alumina, and others. The molecular sieve type is expected to be the dominant segment in the market during the forecast period. The molecular sieves segment is driven by several factors, including their exceptional adsorption capacity, high selectivity, and stability under different operating conditions. Molecular sieves are commonly used for gas separation and purification, dehydration of liquids and gases, air drying, and the removal of impurities and contaminants from industrial processes.

    By Application Type

    The market is segmented into petroleum refining, chemicals/petrochemicals, gas refining, water treatment, air separation & drying packaging, and others. Chemicals/Petrochemicals are expected to be the dominant application types in the market during the forecast period. The chemical and petrochemical sectors are constantly evolving, with a focus on process optimization, sustainability, and regulatory compliance. This drives the demand for advanced adsorbents and innovative solutions that can improve process efficiency, product quality, and environmental performance. The adsorbents market in these industries is expected to continue growing as new challenges and opportunities arise in the field of chemical and petrochemical processing.

    Regional Insights

    Asia Pacific is considered to be the largest and fastest-growing region for adsorbents in the coming years. As the Asia Pacific region continues to experience economic growth, urbanization, and increasing environmental concerns, the demand for adsorbents is expected to remain high.

    Moreover, ongoing technological advancements and investments in research and development are likely to further strengthen the dominance of the Asia Pacific region in the market.

    Adsorbents-Market-Regional-Insights

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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market 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 adsorbents market is segmented into the following categories.

    By Type

    • Molecular Sieves
    • Activated Carbon
    • Silica Gel
    • Activated Alumina
    • Others

    By Application Type

    • Petroleum Refining
    • Chemicals/Petrochemicals
    • Gas Refining
    • Water Treatment
    • Air Separation & Drying
    • Packaging
    • Others

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Adsorbents-Market-Segmentation

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    Key Players

    The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the adsorbents market. Most of the major players are providing complete profile systems, including profile seals.

    • Arkema
    • Ashland Inc
    • BASF SE
    • Cabot Corporation
    • Calgon Carbon Corporation
    • Clariant AG
    • Dow
    • Honeywell International Inc.
    • Mitsubishi Chemical Corporation

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s adsorbents market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    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 15 detailed primary interviews with market players across the value chain in all four regions and 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Adsorbents Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    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 three players)
    • SWOT analysis of key players (up to three players)

    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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQ)

    Adsorbents have extensive applications in a wide range of domains and fields, such as medicine, chemical processing, water treatment, and environmental remediation. Activated carbon, zeolites, silica gel, activated alumina, molecular sieves, and clay minerals are a few of the regularly utilized adsorbents on the market. These materials have unique properties that make them suitable for specific applications. For example, activated carbon is highly effective in adsorbing organic compounds, while zeolites are excellent adsorbents for gases and ions.

    The adsorbents market was estimated at USD 4.35 billion in 2022.

    The adsorbents market is likely to reach USD 6.25 billion in 2028.

    The adsorbents market is likely to grow at a CAGR of 6.21% during 2023-2028.

    Arkema, Ashland Inc., BASF SE, Cabot Corporation, Calgon Carbon Corporation, Clariant AG, Dow, Honeywell International Inc., and Mitsubishi Chemical Corporation are the leading players in the market.

    Asia-Pacific is estimated to remain dominant in the market in the foreseeable future, due to several factors, including the region's robust industrial sector, rapid economic growth, and large consumer base.

    The chemical and petrochemical segment is expected to be the dominant segment of the market. The constantly evolving industry, with a focus on process optimization, sustainability, and regulatory compliance, are the main reason for segment dominance.

    Adsorbent demand is being fueled by a number of factors, including the expanding need for environmental sustainability and protection, strict emission controls, rising consumer demand for clean and safe drinking water, and the expanding industrial sector in emerging nations.

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