The Market is Segmented by Material Type (Carbon Black, Chitosan, and Engineered Nanomaterials), by Application Type (Air Separation & Drying, Petroleum & Gas Industry, Consumer Goods, Water Treatment, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Market is Segmented by Material Type (Carbon Black, Chitosan, and Engineered Nanomaterials), by Application Type (Air Separation & Drying, Petroleum & Gas Industry, Consumer Goods, Water Treatment, and Others), and by Region ...
The Specialty Sorbents Market was valued at US$ 831.5 Million in 2021 and is expected to grow at a CAGR of 8.27% during 2022-2028 to reach US$ 1456 Million in 2028.
The extensive use of sorbents in industries, such as petroleum & gas, pharmaceutical, food & beverage is the prime factor that drives the market globally.
Further, increasing investment in municipal and industrial infrastructure in the developing economies along with the expanding global construction industry are likely to boost the growth of the global specialty sorbents market.
What is Specialty Sorbents?
Specialty Sorbents can be defined as materials that have the ability to collect molecules through the process of sorption. In other words, it is a material that can absorb, adsorb, or desorb. They are known to have a number of properties such as low density, high hydration degree, crystal structure stability, high physical strength, and others.
Specialty Sorbents can be of different materials such as carbon black, chitosan composites, and engineered nanomaterials. They can be used in different applications such as water separation, petroleum and gas industry, consumer goods, and many others.
Specialty Sorbents Market - Snapshot
Growth
8.5% for the next five years
Major Material Type
Chitosan
Dominant Application Type
Water treatment
Region with the highest demand
Asia-Pacific
Key Players
Arkema SA, Axens SA, BASF SE, Cabit Corporation, Calgon Carbon Corporation, Clariant AG, The Dow Chemical Company, Evonik Industries AG, Graver Technologies LLC, Haycarb PLC, and Honeywell UOP.
Segment Analysis
By Material Type
The market is segmented as carbon black, chitosan, and engineered nanomaterials. The chitosan segment dominated the market and is expected to remain dominant during the forecast period as well. Engineered nanomaterials are expected to witness the fastest growth during the forecast period, owing to upcoming technological advancements in the field of nanotechnology.
By Application Type
The market is segmented as air separation & drying, petroleum & gas industry, consumer goods, water treatment, and others. Water treatment is expected to remain the dominant application for specialty sorbents during the forecast period, owing to rising concern towards water and wastewater treatment and increased spending towards municipal and industrial infrastructure in emerging economies to meet freshwater scarcity.
By Region Type
Asia-Pacific dominated the market for specialty sorbents and is also expected to witness the highest growth during the forecast period. Substantial economic development in the region along with increased spending towards municipal and industrial infrastructure are the major factors that have led to the dominance of Asia-Pacific in the global specialty sorbents 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.
Specialty Sorbents Market Research Report - Features
Market Segmentation
3 ways
Regions Covered
4
Countries/Sub-Regions Covered
15
No. of Figures & Tables
>150
Company Profiles
10
The specialty sorbents market is segmented into the following categories.
Specialty Sorbents Market Size, Share, & Forecast, by Material Type:
Carbon Black (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Chitosan Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Engineered Nanomaterials (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Specialty Sorbents Market Size, Share, & Forecast, by Application Type:
Water Separation & Drying (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Petroleum & Gas Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Water Treatment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Specialty Sorbents Market Size, Share, & Forecast, by Region:
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Key Players
Some of the major players in the global specialty sorbents market are-
Arkema SA
Axens SA
BASF SE
Cabot Corporation
Calgon Carbon Corporation
Clariant AG
The Dow Chemical Company
Evonik Industries AG
Graver Technologies LLC
Haycarb PLC
Honeywell UOP
Research Methodology
This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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 the 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. 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, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
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 3 players)
SWOT analysis of key players (up to 3 players)
Market Segmentation
Current market segmentation of any one of the North American country by material 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.
LOADING
LOADING
×
Please enter your contact details. It will allow our analysts to reach out to you.
Specialty Sorbents Market was estimated at US$ 831.5 Million in 2021 and is expected to grow at a CAGR of 8.27% during 2022-2028 to reach US$ 1456 Million in 2028.
Arkema SA, Axens SA, BASF SE, Cabot Corporation, Calgon Carbon Corporation, Clariant AG, The Dow Chemical Company, Evonik Industries AG, Graver Technologies LLC, Haycarb PLC, and Honeywell UOP are among the key players in the Specialty Sorbents Market.
The extensive use of sorbents in industries, such as petroleum & gas, pharmaceutical, food & beverage is the prime factor driving the growth of the market.