Adsorbents Market

Market Overview 2023-2028:

The global adsorbents market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Adsorbents refer to a chemical compound used for filtering atoms, ions and molecules in industrial purification processes. It consists of small uniform-sized pores, pellets, rods and moldings that restrict the passage of large molecules from dissolved solids, liquids and gases. Some of the commonly used adsorbents include activated carbon, molecular sieve, clay, silica gel and activated alumina, which exhibit hydrophilic and nonpolar properties, along with high abrasion resistance and surface capacity for absorption. As a result, they find extensive applications across various industries, including petrochemical, pharmaceutical, chemical and oil and gas.

Significant growth in the chemical industry across the globe represents one of the key factors creating a positive outlook for the market. Furthermore, the widespread utilization of adsorbents for oil and gas refining, petroleum refining, air separation and wastewater treatment, are providing a boost to the market growth. Molecular sieves and activated carbon are also extensively used for the purification of hydrocarbons and industrial gases and removing trace contaminants, such as hydrogen sulfide, carbon disulfide, hydrochloric acid, arsine and phosphine, from the hydrocarbon streams. In line with this, the increasing utilization of mineral absorbents for the inhibition of mycotoxins in animal feeds is also contributing to the market growth. Additionally, various product innovations, such as the development of nano- and polymeric adsorbents for efficient and selective wastewater management, are acting as other growth-inducing factors. Chemically modified solid adsorbents are widely used for capturing carbon dioxide and preventing its accumulation in the atmospheric air. Other factors, including rapid industrialization, especially in developing economies, along with the implementation of favorable government policies promoting efficient purification systems, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global adsorbents market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on type and application.

Breakup by Type:

• Molecular Sieves
• Activated Carbon
• Silica Gel
• Activated Alumina
• Clay
• Others
   

Breakup by Application:

• Petroleum Refining
• Gas Refining
• Chemicals
• Water Treatment
• Air Separation and Dying
• Packaging
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., Axens S.A., BASF SE, Cabot Corporation, Calgon Carbon Corporation, Clariant AG, Graver Technologies LLC (Marmon Industrial LLC), PQ Corporation (CPQ Midco I Corporation) and W. R. Grace and Company.

Report Coverage:

Key Questions Answered in This Report:

• How has the global adsorbents market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global adsorbents market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global adsorbents market and who are the key players?
• What is the degree of competition in the industry?