Global Adsorbent Market to Observe High Growth by 2016-2024
Adsorbent is a chemical that is commonly used for purification process and mainly used in industries for the same. Raw materials such as coal, coconut, silicate, and bauxite are used for manufacturing adsorbents.
Sarasota, FL -- (SBWire) -- 06/12/2017 --Zion Market Research, the market research group announced the analysis report titled "Adsorbent Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Adsorbent Market: Overview
The adsorbent is a chemical that is commonly used for purification process and mainly used in industries for the same. Raw materials such as coal, coconut, silicate, and bauxite are used for manufacturing adsorbents. Distinct pore structure, resistance to high abrasion and thermal stability are some of the features of effective adsorbent. Activated alumina, clay, and activated carbon are some of the types of adsorbent. Some adsorbents may also have the qualities of the desiccant such as silica gel, clay, and others. Adsorbents are widely used in the petrochemicals industry, the pharmaceutical industry, and oil and gas refining industry. Increasing pollution and growing health concerns are some of the major factors that are increasing the demand for adsorbents in the market. The progress made in technology not only promises to improve the efficiency of the adsorbents but also escalates its demand in the market.
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Global Adsorbent Market: Segmentation
The global adsorbent market is segmented into its type, application, and region. On the basis of its types, the adsorbent market is segregated into activated carbon, molecular sieves, silica gel, clay, activated alumina and others. Based on the applications where the adsorbents are used, the global market is categorized into petroleum refining, gas refining, chemicals/petrochemicals, air separation and drying, water treatment, packaging, and others. The adsorbent market is diversified into regions such as Europe, Asia Pacific, North America and Rest of the World.
Global Adsorbent Market: Growth Factors
The largest consumer of the adsorbents is the petroleum refining industry. There is a growing demand for the adsorbents in the oil and gas refining, air separation, water treatment and pharmaceutical industries. Rising awareness for health against pollution has given a rapid boost to the adsorbent market globally. The driving factor in the adsorbent industry is the technological advancements in different kinds of adsorbents which are expected to increase the demand for adsorbent in the market. However, environmental threats caused due to adsorbent may pose a challenge to the global adsorbent market.
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Global Adsorbent Market: Regional Analysis
North America dominates the adsorbent market globally and is expected to continue its dominance in the future. Mexico, Canada and the U.S. have significantly shown a rise in the use of adsorbents. Other major markets of adsorbents are visible in the regions of Europe, Asia-Pacific and Rest of the World. In Europe, the commercial markets are seen in Germany, Russia, Italy and the U.K. A constant growth in the adsorbent market is anticipated in Asia Pacific owing to the increasing demands from China and India. Japan and South Korea also have a good market hold in the adsorbent market in Asia Pacific region. Russia and China are expected to show the largest consumption of adsorbent globally.
Global Adsorbent Market: Competitive Players
Some of the key companies in the global adsorbent market are Jacobi Carbons, Arkema S.A., W.R. Grace and Company, BASF SE, Calgon Carbon Corporation, Cabot Corporation, Axens S.A., CECA, Zeochem, Clariant, Almatis , MeadWestvaco, UOP, Zeolyst International, Graver Technologies, Linde, Sorbead, C-E Minerals, Johnson Matthey, and Norit.
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Global Adsorbent Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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