Adsorbents Market Analysis | 2023-2028

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.

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Market Dynamics

Introduction

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.

Market Drivers

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.

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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

Note: The above list does not necessarily include all the top players in the market.

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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.

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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. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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)

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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.

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