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Polymeric Adsorbent Market Is Set to Grow at Highest CAGR Owing to an Increasing Demand for Pharmaceutical Industry

 

Pune, India -- (SBWIRE) -- 11/01/2017 -- Market Overview:
Adsorbent is a material that adsorbs another substance over its surface. An adsorbent do not permit the particles of another substance to pass through it. Polymeric Adsorbent falls under the category of synthetic adsorbent materials. Its end use industry can be seen in many end use industries such as pharmaceuticals, foods & beverages, chemicals, and textiles, among the others. Polymeric Adsorbents exhibit some essential properties, which makes it useful over its powder based counterparts. The properties exhibited by Polymeric Adsorbent includes cleaner operations, greater adsorption capacity, and excellent chemical and physical stability. On account of these properties Polymeric Adsorbent us used as recovery agent for dyes in textile industry, as a purifying agent in waste water treatment, and in separation of enzymes and essential antibiotics in pharmaceutical industry. Global Adsorbent Market is growing at CAGR of ~6.5% during the forecast period, which is expected drive demand of the polymeric adsorbent. Increasing sentiments in favor of protection of river may fuel the demand of Polymeric Adsorbent in waste or effluent treatment end use industry.

Competitive Analysis:
Key players in the Global Polymeric Adsorbent Market are The DOW Chemical Company (U.S), CHEMRA COMPANY (Germany), Mitsubishi Chemical Holdings Corporation (Japan), Thermax Global (India), Purolite (U.S.), Shanghai Bairy Technology Co., Ltd. (China), Sunresin New Materials Co. Ltd. (China), Ajinomoto Fine-Techno Co.,Inc. (Japan), Amicogen (China) Biopharm Co., Ltd. (China), and Sigma-Aldrich Co. LLC. (U.S.), among the others.

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Market Segmentation:
The Global Polymeric Adsorbent Market is segmented on the basis of type, end use industry, and region. On the basis of type, the market is divided modified Aromatic (brominated aromatic matrix), aromatic (cross-linked polystyrenic matrix), and methacrylic (methacrylic ester copolymer), and others. Among these types, the modified aromatic adsorbent is holding major share of the overall demand of polymeric adsorbents. During the forecast period, this segment is expected to grow at highest CAGR. This is attributed to it low cost and major usage in end use industry in such as pharmaceutical. Its exhibits greater hydrophobicity and suitable for adsorption of organic substances of very low concentration. Aromatic adsorbent is another significant type polymeric adsorbent. It is based on cross-linked polystyrenic matrix. They are widely used in different industrial applications including extraction of antibiotic intermediates from fermentation broth, separation of peptides, and reduce bittering of citrus juice. Growing food & beverages industry is growing at significantly higher rate, which may fuel the demand of aromatic polymer adsorbents.

Based on end use industry, the Global Polymeric Adsorbent Market is segmented into pharmaceuticals, food & beverages, textile, and chemicals, among the others. Among these end use industries, pharmaceutical industry is growing at highest CAGR. This attributed to a growing use of polymeric adsorbent in separation and purification processes to recover more essential material and discharge less harmful effluent. Global pharmaceutical market is estimated to reach ~USD 1.2 trillion by the end of 2023. This is expected to boost the demand of Polymeric Adsorbents. Food & beverages industry is one of the major consumer of polymeric adsorbents. Polymeric Adsorbents are mainly used to extract an essential bacteria and enzymes to use them in fermentation process. Global food and beverage waste management market is estimated to grow at ~6% CAGR during the forecast period, which may drive the demand of Polymeric Adsorbents. The government regulations compelling treatment of an effluent from textile and dye industry is anticipated to propel growth in demand of Polymeric Adsorbent in its global market.

Regional Analysis:
The Global Polymeric Adsorbents Market is spanned across five key regions. It includes North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Among these regions, Asia Pacific is anticipated to grow at higher CAGR in the global polymeric adsorbent market due to the growing pharmaceutical and chemicals industry in the region. India and China are the leading markets in this region on account of the presence of major end use industries. North America is following Asia Pacific in terms of market size in the Global Polymeric Adsorbents Market. U.S. is the major market in this region. This is attributed to the growing food & beverage industry along with the chemicals industry. Europe is another significant region in the global polymeric adsorbent market. As of 2016, Europe is holding relatively smaller share. Countries namely, U.K., Germany, and Belgium are the major contributors to the regional market owing to the increasing demand of polymeric adsorbents by end use industries such as food & beverages and textile industry. Apart from this, there is a significant presence of key players which may help push growth of the regional market. Latin America is expected to grow at significant CAGR in coming years on account of growing end use industries such as chemicals and pharmaceutical in this region. During the forecast period, the Middle East and Africa may join hand with the leading regions in the Global Polymeric Adsorbents Market on account of its vast investment potential and growth opportunities in end use industries such as chemicals and textile.

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Key Points from Table of Contents:

11. Company Profiles

11.1 The DOW Chemical Company
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments

11.2 CHEMRA COMPANY
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments

11.3 Mitsubishi Chemical Holdings Corporation
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments

11.4 Thermax Global
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments

11.5 Purolite
11.5.1 Company Overview
11.5.2 Product/Business Segment Overview
11.5.3 Financial Updates
11.5.4 Key Developments

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