Adsorbents Market are materials that sorb another substance. They create layers on the surface through the process of adhesion. Adsorbents extract certain elements from solids, liquids, and gases and make them stick to its surface without altering their physical and chemical properties. They are mainly used in the form of rods, moldings, or monoliths and spherical pallets. The properties such as high thermal stability and abrasion resistances pave their way into many end-user industries such as petrochemicals, air separation and drying, and water treatment among others. In the gas industry, adsorbents are used for drying of gases such as steam crack gas, methyl chloride, LNG, and others, in water plants it is used for the removal of fluoride and arsenic through a process of DE fluoridation.

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Among the various product segments in adsorbents market, the molecular sieves segment is the leading segment of the market and is anticipated to continue its dominance over the forecast period. The molecular sieves adsorbents have pores of precise sizes that can block molecules which makes them ideal for use in the petrochemical, drying and air separation applications. They are extensively used in the petrochemical industry for the removal of sulfur and water from the product streams. Moreover, this growth is also accounted for its application in adsorbing nitrogen from air in the non-cryogenic oxygen production plants. On the basis of the application segment, petroleum refining registers the highest growth and is expected to dominate the segment. Adsorbents are used in the removal of contaminants owing to its effectiveness and low cost.

Key Players and Competition Analysis

Some of the prominent players operating in the Global adsorbents market are Arkema S.A (France), BASF SE (Germany), W.R Grace and Company (U.S), Calgon Carbon Corporation (U.S), Axens S.A (France), The Dow Chemical Company (U.S), Mitsubishi Chemical Corporation (Japan) Cabot Corporation (U.S.), Clariant (Switzerland), and W.R. Grace & Company (U.S.), among others.

Segmentation Analysis

The global adsorbents market is segmented into product type and application. On the basis of the product type, the market is segregated into molecular sieves, activated carbon, silica gel, activated alumina, clay, and others. The market by the end-user industry is further categorized into petroleum refining, chemicals/petrochemicals, gas refining, water treatment, air separation & drying, packaging, and others.

Regional Analysis

The adsorbents market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, North America holds a major share of the market and is expected to be a dominant market with an encouraging CAGR, whereas Asia Pacific is expected to be the fastest growing market over the forecast years. The dominant petrochemical industry in North America especially the U.S. and Canada is the major factor driving the market in this region. After the exploration of crude oil and natural gas, the first step is the removal of water content where molecular sieves are extensively used, which in turn is adding to the market growth. Moreover, the recent shale gas boom in this region has increased the production of petrochemicals which is expected to substantially increase the demand for adsorbents in the region. In addition to this, the developed pharmaceutical industry and food and beverage industry have further augmented the demand for adsorbents in the drying of solvents and drying of synthesis products.

Asia Pacific is expected to grow at an encouraging CAGR and is anticipated to be the fastest growing market. The growing population has surged the pharmaceutical, food, and the packaging industry which in turn is expected to boost the market growth. Moreover, the developing nations such as India and China have increased their production and import of crude oil to meet their energy requirement which in turn is propelling the market growth.

Browse the market data and information spread across 138 pages with 44 data tables and 11 figures of the report “Adsorbents Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/adsorbents-market-5271

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