The global adsorbent market size, in terms of value, is projected to reach USD 4.3 Billion by 2020, at a CAGR of 6.3% between 2015 and 2020.The market for adsorbent is driven by oil & gas, packaging, air separation, and water treatment industries due to government regulations on wastewater treatment and environmental regulations regarding increasing air pollution levels are expected to boost the growth of the adsorbent market in Asia-Pacific. These are the key factors driving the growth of the global adsorbent market.
Pune, India -- (SBWIRE) -- 09/20/2016 -- The report "Adsorbent Market by Type (Molecular Sieves, Activated Carbon, Silica Gel, Activated Alumina, Clay, and Others), by Application (Petroleum Refining, Chemicals/Petrochemicals, Gas Refining, Water Treatment, Air Separation & Drying, Packaging, and Others), and by Region - Global Forecast to 2020", The global adsorbent market is projected to reach USD 4.3 Billion by 2020. This growth is fueled by the high potential from molecular sieves and activated carbon, increasing global demand for petroleum refining, chemicals/petrochemicals, and growth in gas refining industry.
Browse 113 market data Tables and 57 Figures spread through 168 Pages and in-depth TOC on "Adsorbent Market - Global Forecast to 2020"
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Molecular sieves: The largest segment of adsorbent market
Molecular sieves are adsorbent that have very small pores of precise and uniform size. These pores are small enough to block large molecules, while allowing small molecules to pass. Many molecular sieves are used as desiccants. Molecular sieves are the largest materials type of adsorbent. These are used in petrochemicals and air separation and drying applications. Adsorbent is widely used in the petrochemicals industry to remove trace contaminants such as water and sulfur in the feed, intermediate, and product streams. Molecular sieves are used in non-cryogenic oxygen production plants, to adsorb nitrogen from air, producing high purity oxygen. These molecular sieve has the property of desiccant as well which performs like an adsorbent only. Hence, this property of desiccant is also leading to the growth of molecular sieve in the adsorbent market.
Petroleum refining: The largest application of adsorbent market
Petroleum refining industry is worldwide the largest consumer of adsorbent. Petroleum refining adsorbent are widely used in dehydration of alkylation feed and in purification of feedstock to protect isomerization catalysts in refining. These absorbents remove a wide variety of contaminants effectively and economically from numerous hydrocarbon streams in petroleum refineries through non-regenerative and regenerative adsorbent. Since petroleum refining adsorbent encompass large number of properties for this application, such as high adsorption capacity and a long and effective adsorbent service life, these adsorbent are able to attain ultra-low contaminant specification and can minimize the side reactions and coke depositions.
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North America: The largest market for adsorbent.
North America is the global forerunner of adsorbent market, in terms of value and volume, and is expected to continue till 2020. The countries in this region such as U.S., Canada and Mexico are witnessing a significant increase in the use of adsorbent in air separation & drying and water treatment applications. The industrial development in North America is driving the demand of adsorbent materials used in this region. Despite some production capacities that are present in countries, such as U.S. and Canada, these capacities are proved to be more export-oriented than in favor of promoting domestic growth for the adsorbent market. U.S. accounts for a significant market share in the global adsorbent market.
The adsorbent market has a few numbers of global players competing significantly for the market share, who are actively investing in various strategies such as, new product developments, major acquisitions, joint venture & collaboration, and expansion projects globally to increase their market share. Also, companies are investing heavily on R&D activities. Major players such as Arkema S.A (France), BASF SE (Germany), W.R Grace and Company (U.S), Calgon Carbon Corporation (U.S), Axens S.A (France) have adopted various organic and inorganic developmental strategies.
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This report covers the market by value and volume for adsorbent and forecasts the market size till 2020. The report includes the market segmentation by material, by application, and by region. It also provides company profiles and competitive strategies adopted by the major market players in the global adsorbent market.
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