- Activated Alumina
- Activated Carbon
- Clay
- Molecular Sieves
- Silica Gels
- Others
Adsorbent Market size was valued at USD 4.2 billion in 2022 and is poised to grow at a CAGR of 6% from 2023-29. Key drivers for the market growth include growing environmental concerns, demand from various end user industries, extensive use of adsorbent in petrochemical industry, excellent chemical & physical properties of adsorbents, strong demand from water treatment and technological advancements. However, fluctuating raw material prices and its availability are restricting the adsorbent market growth. The molecular sieves adsorbents have pores of precise sizes that can block molecules which makes them ideal for use in the petrochemical, drying and air separation applications. Hence, increasing requirement of adsorbents for petroleum refining will be one of the major factors driving the adsorbents market growth. Global adsorbent market is surging owing to frequent acquisitions and launchings by the market players. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global adsorbent market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
In feb 2019, BASF collaborated with Linde to serve natural gas processing applications using BASFs adsorbent technology and Lindes adsorption & membrane technology.
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Adsorbents are widely used in the petrochemical industry to remove trace contaminants such as water and sulfur in the feed, intermediate and product streams. Using the right adsorbent is critical due to the reactivity of ethylene plant streams. The removal of undesirable impurities in modern industrial processes is critical to assure the protection of the environment, to protect downstream catalysts, and to avoid costly unplanned shutdowns. The use of dedicated adsorbents helps operators to achieve specifications for improving their operations, upgrading the quality of their products or minimizing pollution.
The adsorbent market is projected to expand at a CAGR of 6% during the forecast period.
Arkema S.A, Axens S.A, BASF SE, Cabot Corporation, Calgon Carbon Corporation
Asia-Pacific is the fastest-growing region for the adsorbent market
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Key Assumptions and Acronyms