Adsorbents offer the different characteristics as per the end user and their application requirements in the end products. The industry demands for adsorbents with larger surface area, high adsorption capacity, and better service life. The end user prefers a blend of high performance and cost-effective material which leads to profit maximization. Adsorbents are the key materials used across different industries, such as oil & gas, water treatment, pharmaceutical, chemicals/petrochemicals, and others. The potential growth of this industry is driven by innovations and advancements across the developments of technologies and new adsorbent materials. And also covered No of markets like Adsorbents Market, Molecular Sieves Market, Activated Carbon Market, Silica Gel Market, Activated Alumina Market, Clay Market, Petroleum Refining Market, Chemicals/Petrochemicals Market, Gas Refining Market, Water Treatment Market, Air Separation & Drying Market, Packaging Market which Common Growth worth to be 6.1% by 2018.
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Oil & gas refining, industrial water treatment, and air separation & drying are the fundamental applications which demand adsorbents. Applications such as air separation & drying and packaging across healthcare and medical devices are expected to grow at a faster CAGR due to government and environmental regulations. In terms of consumption, North America is the largest region followed by APAC. U.S., China, and Russia are the largest consumers in the overall adsorbents market, globally. Emerging economies are the potential markets for adsorbents consumption.
Major players in North American, European, and APAC regions include BASF, UOP, Axens, Clariant, Grace, Cabot, Zeochem, and Arkema. In North America, major market players are headquartered in U.S. Within Europe, most of the major market players are situated in countries such as Germany, France, and Switzerland.
The adsorbents demand market is analyzed by considering every possible factor which affects this market. The materials demand in terms of the value and volume market depicts current and future projections according to parallel economic and industrial outlook. This analysis covers major developments, expansions, agreements, and mergers & acquisitions of leading global companies.
The current worth of the global adsorbents market (2012) is $2.6 billion and is estimated to reach $3.8 billion by 2018, growing at a CAGR of 6.1% from 2013 to 2018. The high demand across the industries such as oil & gas refining and wastewater treatment will increase overall materials consumption. The development of cost-effective adsorbents will be the solution for revenue generation in the global adsorbents market.
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