The Global Adsorbents Market was at USD 3.54 billion in 2020, and it is foreseen to reach USD 5.25 billion by 2026 with an expansion rate (CAGR) of 6.80% between 2021 and 2026.
Adsorbents are substrate materials that absorb another unwanted substance. Its main function, is to eliminate or extract selected elements in form of solid, liquid or gases, by making them stick to its surface without changing, chemical and physical properties of materials. Its unique chemical structure permits speedy transport of molecules providing it with maximum adsorption capacity.
Adsorbents market is anticipated to increase further in global market. Adsorbents properties like removal of harmful chemicals, being a great desiccant, water removal in petrochemicals and separation of air contaminants is propelling the growth of Adsorbents, in global market. Adsorbents materials application on large scale in Petroleum Refining & Petrochemicals industry, is generating more demand in market.
Market Drivers & Restraints
Adsorbents helps to protect consumer products such as food, vitamins and pharmaceutical drugs. It is used to remove moisture content and helps to keep products dry. The growing infrastructure is generating more demand for Adsorbents, as it is used in application for Air Separation & Drying, Packaging, Refrigerants and Chemical removal.
Activated Carbons are of high cost in market. This acts as a challenge for Adsorbents manufactures. According to associated press releases, Climate activists’ group are encouraging nations for trying to save more fossil fuels and natural gas.
ADSORBENTS MARKET REPORT COVERAGE
Market Size Available
2020 – 2026
2021 – 2026
By Type, Application, and Region
Revenue Forecast by 2026
USD 5.25 Billion
North America, Europe, APAC, RoW
Market Leaders Profiled
The Dow Chemical Company (U.S), WestRock (U.S.), BASF SE (Germany), Cabot Corporation (U.S.), Graver Technologies (U.S.), Arkema S.A (U.K.), Axens S.A (U.K.), W.R. Grace & Company (U.S.), Calgon Carbon Corporation (U.S.), Mitsubishi Chemical Corporation (Japan), Cabot Corporation (U.S.), Clariant (Switzerland), and Others
Market Segmentation Analysis
The features of an effective Adsorbents include resistance to high abrasion, high thermal stability and distinct pore structure. Adsorbents constitutes of raw materials like silicate, coal, coconut and bauxite, which is utilized for manufacturing Adsorbents. Adsorbent is a chemical which is mostly utilized in purification process. This global report on Adsorbents market can be segmented and sub-segmented into the following categories:
Molecular Sieves capture the largest shares as compared to remaining Adsorbents type, in global market. Molecular Sieves provides the, purpose of desiccants. Molecular Sieves has a lowest pore size, which allows tiny molecules to pass through it and is used to sustain state of dryness where ever it is placed area. It is also used in non-cryogenic production process of oxygen. Where Molecular sieves attain maximum purity of oxygen by adsorbing airborne present nitrogen molecules.
Activated Carbons are utilized in waste water treatments and exhaust emission of gases. Activated alumina is used in production process of hydrogen peroxide. Activated alumina Adsorbents, adsorbs injurious chemicals like fluoride, arsenic and elimination of sulfur in production process, as it acts as a catalyst medium.
The Petroleum Refining & Petrochemicals sector is expected to capture the major shares as compare with other applications in Adsorbents market, globally. Adsorbents are utilized to remove contaminants in Petroleum Refining & Petrochemicals industry. Water, nitrogen, sulfur, acetylene and etc. are certain contaminants which are removed with help of Adsorbents.
In Gas Refining and Oil Refining industrial application, Adsorbents removes mercury, ammonia, hydrogen sulfide, alcohol oxygenates, ethylene, butylene, propylene and various harmful solvents. In Natural Gas application, Adsorbents is used in dehydration treatment of natural gas liquids. Zeolite Adsorbents can remove or absorb, odor and taste from products used in personal care and hygiene. Air Separation & Drying, Adsorbents absorbs and removes carbon dioxide & Moisture present in air. Volatile Organic Compound (VOC) removal, Adsorbents absorbs and removes harmful organic contaminants present in air of enclosed space, like office and rooms. Refrigeration & Air Conditioning (RAC) Systems, Adsorbents helps to improve the performance of RAC system and aids in cooling and heating operation conditions.
In December 2019, lockdowns were imposed by local governments to stop further spread of Covid-19 virus. In 2020, World Health Organization (WHO) declared Covid-19 as an epidemic. The supply chain and delivery of Adsorbents type such as Molecular Sieves, Alumina Silica Gels, Activated Carbons, Activated Alumina, Activated Charcoal, Polymer Adsorbents, Zeolites, Activated Clay, Metal Oxides and etc., were delayed by manufacturing units and transportation agents. As companies or manufacturing units were completely shut down and imposed traffic monitoring delayed the logistics of Adsorbents type. According to associated press releases, the Adsorbent market will rise further in coming times, as lockdown imposed is lifted off and availability of increased number of Covid-19 vaccines for general population has started. Till March 2021, WHO has authorized nine types of vaccines for usage which are Pfizer, GlaxoSmithKline, AstraZeneca, Johnson & Johnson, Moderna, Novavax, BioNTech and others.
North America is expected to capture the largest shares in Adsorbents market, globally. USA and Canada have large natural gas presence in its land crust. This has increased the demand for Petroleum Refining & Petrochemicals industry. Adsorbents like molecular sieve is used in removing contaminants from it. Europe region is anticipated to capture next most shares, in Adsorbents market, globally. The increased development for food & beverage industry along with pharmaceutical industry, in countries like Italy, Spain, UK, and France has generated rise in demand for Adsorbents. Alumina Silica Gels, Activated Clay, and Molecular Sieves are utilized in drying of F&B products and removal of contaminants in drug solvents. Asia-Pacific region, is anticipated to flourish further in global Adsorbents market. The increase of rise in population for countries like China and India, has generated more demand in packaging, Food and Oil & Gas refining industries. This is making a surge for Adsorbents in market, as all these industries utilizes it. The import of crude oil in countries like Japan, China, South Korea and India has boosted an opportunity for Adsorbents, as its usage in Petroleum Refining & Petrochemicals sector is exceptional.
The key players in contribution to Adsorbents Market, globally consists of many. Some of them include The Dow Chemical Company (U.S), WestRock (U.S.), BASF SE (Germany), Cabot Corporation (U.S.), Graver Technologies (U.S.), Arkema S.A (U.K.), Axens S.A (U.K.), W.R. Grace & Company (U.S.), Calgon Carbon Corporation (U.S.), Mitsubishi Chemical Corporation (Japan), Cabot Corporation (U.S.) and Clariant (Switzerland).
Adsorbants Market – Forecast (2021-2026)
Chapter 1. Adsorbants Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Adsorbants Market - Executive Summary
2.1. Market Size & Forecast – (2021 – 2026) ($M/$B)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2021 - 2026
2.3.2. Impact on Supply – Demand
2.3.3. Impact on Production Cost
2.3.4. Impact on Supply Chain
Chapter 3. Adsorbants Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier – Distributor Analysis
Chapter 4. Adsorbants Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3. Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Adsorbants Market Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Adsorbants Market, By Type - - Market Size, Forecast, Trends & Insights
6.1. Molecular Sieves
6.2. Alumina Silica Gels
6.3. Activated Carbons
6.4. Activated Alumina
6.5. Activated Charcoal
6.6. Polymer Adsorbants
6.8. Activated Clay
6.9. Metal Oxides
Chapter 7. Adsorbants Market, By Application - - Market Size, Forecast, Trends & Insights
7.1. Gas Refining/ Gas Purification
7.2. Petroleum Refining
7.4. Water Treatment
7.5. Air Separation and Drying
7.8. Transformer Oils
7.9. Paper Coatings
7.10. Oil Refining
7.11. Nuclear Waste Remediation
7.12. Volatile Organic Compound (VOC) Removal
7.13. Refrigeration & Air Conditioning (RAC) Systems
7.14. Natural Gas
7.15. Sulphur Recovery
7.16. Chemical Removal
Chapter 8. Adsorbants Market, By Geography - Market Size, Forecast, Trends & Insights
8.1. North America
8.2.7. Rest of Europe
8.3. Asia Pacific
8.3.2. South Korea
8.3.5. Australia & New Zealand
8.3.6. Rest of Asia-Pacific
8.4. Rest of the World
8.4.1. South America
8.4.2. Middle East
Chapter 9. Adsorbants Market - Company Profiles – (Overview, Product Portfolio, Financials, Developments)
9.1. Company 1
9.2. Company 2
9.3. Company 3
9.4. Company 4
9.5. Company 5
9.6. Company 6
9.7. Company 7
9.8. Company 8
9.9. Company 9
9.10. Company 10
Primary & Secondary Sources to Collect & Validate Data
Utilization of Both Top Down & Bottom Up Approach
Holistic Research Methodology
Scope & Introductory Research
In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.
Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders.
At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.
At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.
Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report.
Quality Assurance & Report Preparation
Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.