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Adsorbents Market Size Expected to Reach US$7.7 Billion with CAGR of 6.3% by 2027 – IndustryARC

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Adsorbents Market Size Expected to Reach US$7.7 Billion with CAGR of 6.3% by 2027 – IndustryARC

September 17
06:50 2022
Adsorbents Market Size Expected to Reach US$7.7 Billion with CAGR of 6.3% by 2027 - IndustryARC
Market Research Reports, Business Consulting Services & Analytics
Adsorbents Market size is forecast to reach US$7.7 billion by 2027 after growing at a CAGR of 6.3% during 2022-2027. Growing environmental concerns about the risks posed by wastewater have prompted regulatory agencies in several countries to mandate the usage of adsorbents.

Adsorbents Market size is forecast to reach US$7.7 billion by 2027 after growing at a CAGR of 6.3% during 2022-2027. Adsorbents are used to remove pollutants from oil and gas streams in the oil and gas sector and are also increasingly being used in the gas drying process. The expansion of major end-use industries such as oil and gas, chemicals, and petrochemicals, particularly in the Asia Pacific, the Middle East, and Latin America, is increasing demand for adsorbents. In addition, growing environmental concerns about the risks posed by wastewater have prompted regulatory agencies in several countries to mandate the usage of adsorbents. The Adsorbents Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

 

Competitive Landscape:

The top 5 players in the Adsorbents industry are –

1. Clariant AG

2. Mitsubishi Chemical Corporation

3. Calgon Carbon Corporation (Kuraray)

4. Graver Technologies

5. Axens Group

 

Interested in knowing more relevant information? Click here:

https://www.industryarc.com/pdfdownload.php?id=11669

 

Segmental Analysis:

1. The zeolites segment held the largest share in the global adsorbents market in 2021. Zeolites have a high degree of hydration, which results in a stable low-density crystal structure with a large void volume. Zeolites have been employed as an adsorbent in non-technically demanding, non-regenerative applications over the past two decades.

2. In October 2021, with the help of a new production line at its plant in Ako, Japan, DSL Japan, a joint venture between Evonik and Shionogi, expects to increase its specialty silica solutions including gel types by 30%. Bushu Pharmaceuticals unveiled a new plan to expand its pharmaceutical facility in Misato, Japan, with an investment of US$ 100 million in August 2020.

3. The petrochemical industry held the largest share in the market in 2021 and is expected to grow at a CAGR of 7.4% during 2022-2027. Adsorbents are utilized in the petrochemical industry to remove trace contaminants such as water and sulphur in the feed, intermediate, and product streams, for the smooth operation of the plant.

4. According to the Indian Brand Equity Foundation, under the Union Budget 2021-22, the government allocated Rs. 233.14 crore (US$ 32.2 million) to the department of chemicals and petrochemicals.

 

Report Coverage

Report Attributes

Details

By Type

Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites

By Form

Powder, Flakes, and Others

By End-Use Application

Oil and Gas Industry, Petrochemical Industry , Chemical Industry, Automotive and Transportation, Pharmaceutical and Food, Water Treatment, Nuclear Waste Remediation, Refrigerant, Building & Construction, Personal Care and Cosmetic

By Geography

North America, Europe, Asia-Pacific, South America and Rest of World

 

Get more detailed information about these segments in the report. Buy it here:

https://www.industryarc.com/reports/request-quote?id=11669

 

Market Drivers and Challenges:

1. Strict Government Regulations Governing Pharmaceutical Product Manufacture, Hygiene, And Quality Control Are Boosting Demand for Adsorbents: Pharmaceutical companies are putting a greater emphasis on quality control, which includes the use of adsorbents in procedures like instrument drying, drying of air-synthesis products, and deodorization.

2. Reduced Shelf Life Due to High Level of Impurities Will Hamper the Market Growth: Although adsorbent materials can attract molecules to their surfaces, this ability is limited.

 

Why IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. Get detailed report on preferred market as per your specific requirements and our research experts would customize the report for you.

Email: [email protected]

USA: (+1) 614-588-8538,  (+1) 815-656-4596

 

Similar Reports:

A. North America & Asia Pacific Adsorbents Market

https://www.industryarc.com/Report/19100/north-america-and-asia-pacific-adsorbents-market

B. Polymeric Adsorbents Market

https://www.industryarc.com/Research/Polymeric-Adsorbents-Market-Research-500050

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Website: https://www.industryarc.com/Report/11669/adsorbents-market-analysis.html