Adsorbents are the materials that sorb another substance. Adsorbents create layers on the surface through the process of adhesion. They extract some aspects from solids, liquids, and gases and make them stick to their surface without altering their chemical and physical properties. Adsorbents are mainly used in the form of moldings, rods, and spherical pallets. The properties such as abrasion resistances and high thermal stability pave their way into many end-user industries such as air separation, petrochemicals and drying, and water treatment. In the gas industry, adsorbents are used to dry gases such as steam crack gas, methyl chloride, LNG, and others. In water plants, it is used to remove fluoride and arsenic through a process of DE fluoridation.
MARKET DYNAMICS
The adsorbent market has witnessed significant growth due to the growth of major end-use industries such as water and air treatment, chemicals, and petrochemicals. Moreover, stringent regulatory norms provides a huge market opportunity for the key players operating in the adsorbent market. However, the availability and high price associated with the procurement of raw materials for some specific adsorbents is projected to hamper the overall growth of the adsorbent market in the forecast period.
MARKET SCOPE
The "Global Adsorbent Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the adsorbent market with detailed market segmentation product type, application, and geography. The global adsorbent market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading adsorbent market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global adsorbent market is segmented on the basis of product type and application. On the basis of product type, the global adsorbent market is divided into molecular sieves, activated carbon, silica gel, and others. On the basis of application, the global adsorbent market is divided into petroleum refining, chemicals/petrochemicals, air separation & drying, packaging, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global adsorbent market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The adsorbent market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the adsorbent market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the adsorbent market in these regions.
MARKET PLAYERS
The reports cover key developments in the adsorbent market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as type launches, type approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from adsorbent market is anticipated to lucrative growth opportunities in the future with the rising demand for adsorbent in the global market. Below mentioned is the list of few companies engaged in the adsorbent market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the adsorbent market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Arkema S.A
- Axens S.A
- BASF SE
- Cabot Corporation
- Calgon Carbon Corporation
- Clariant
- Eden Energy Ltd.
- Mitsubishi Chemical Corporation (Japan) Cabot Corporation
- The Dow Chemical Company
- W.R Grace and Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.