Global Adsorbent Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global adsorbent market in its upcoming report titled, “Global Adsorbent Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global adsorbent market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global adsorbent market report has been segmented on the basis of product type, application, and region.

Adsorbents accumulate liquid or gas on the surface of a solid material, and the process involves dissolution or diffusion. In adsorbent materials, the atoms, molecules, or particles are taken internally in its interstice, or chambers. Adsorbents are useful in a wide variety of applications and industries, specifically for concentration and recovery of media or concentration of a solution in a mixed phase.

Growing demand for adsorbent from developed and developing countries for water treatment is a major factor driving growth of the global adsorbent market. In addition, advancements in molecule purification process and increasing demand from various industrial verticals are other factors expected to support growth of the global adsorbent market. Moreover, increasing demand for polymeric adsorbents from pharmaceutical industry for removal of antibiotics, peptides, proteins and other compounds is another factor expected to support growth of the global adsorbent market.

However, high cost associated with raw materials is a major factor expected to restrain growth of the global adsorbent market.

Increasing investment for development of cost effective products and growing mergers and acquisitions is expected to create new opportunities in terms of revenue for players operating in the global adsorbent market over the forecast period.

The market in Asia Pacific is expected to dominate the global adsorbent market in terms of revenue, and is expected to continue its dominance over the forecast period. The dominance can be attributed to growing demand from water purification plants, increasing government expenditure on pharmaceutical sector, and presence of major manufacturers in emerging economies such as India and China in this region. The markets in North America and Europe are expected to contribute significant revenue shares in the global adsorbent market. North America market is expected to contribute relatively higher revenue share, owing to well-developed oil and gas sector and increasing number of shale oil reserves resulting in increasing demand for adsorbent among oil producers and presence of prominent player’s operating in countries in this region. The markets in Latin America and Middle East & Africa are expected to witness steady growth in terms of revenue in the global market.

Global Adsorbent Market Segmentation:

By Product Type:

• Molecular sieves
• Activated carbon
• Silica gel
• Activated alumina
• Clay

By Application:

• Petroleum refining
• Gas refining
• Chemicals/petrochemicals
• Water treatment
• Air separation & drying
• Packaging

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa