Adsorbent Market is Segmented By Type(Silica Gel, Molecular Sieves, Activated Carbon, Activated Alumina, Others), By Application( Petroleum refining, Chemicals/Petrochemicals, Air Separation & Drying, Gas refining, Water treatment, Packaging, Others) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Adsorbent Market is estimated to reach at a CAGR of 5.00% during the forecast period 2024-2031.
Adsorbents can remove specific elements from solids, liquids, and gases while maintaining their physical properties. They create layers through adhesion and are mainly used in rods, monoliths, molding, etc. Adsorbents have a variety of qualities, including strong abrasion resistance, high surface capacity, high thermal stability, and so on, making them appropriate for application in various sectors, including petrochemicals, air separation, drying, water treatment, and others.
Market Scope
| Metrics | Details |
| Market CAGR | 5.00% |
| Segments Covered | By Type, By Application, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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As a result, adsorbents are poised to become market leaders, as they possess a variety of qualities that may be applied to a variety of sectors. Adsorbents are in demand for their capacity to treat water since water treatment has been one of the various issues that industries usually face. Low-cost polymer-based adsorbents that may be utilized to extract toxic compounds, anions, and other dangerous substances from industrial wastewater and convert them to freshwater have recently been created in the adsorbents market. Though this technology is not yet in widespread use, it paves the way for the future development of wastewater treatment systems that are simple to implement.
Market Dynamics
The growing demand for adsorbents in water treatment is one of the critical drivers of the market's growth. Growing demand for adsorbents in oxygen concentrators, particularly during the Covid-19 period, acted as a major market booster for developing adsorbents across the globe.
Growing demand for adsorbents in water treatment is one of the critical drivers of the market's growth.
Adsorbents are highly important in enhancing the removal efficiency of pollutants from wastewater due to their high stability. Adsorption qualities enable the production of high-quality, cost-effective products for a variety of applications. Adsorption and ion exchange are the two methods that are widely used to remove contaminants from wastewater. Adsorbate-adsorbent interactions, sorbent surface area, contact time, pH, temperature, particle size, and other physicochemical factors influence these pathways.
Different adsorbents such as fly ash, corncob, natural clay, rice hulls, etc., are advantageous for wastewater treatment due to their cheapness and widespread availability. Because of their abundant availability, there is no need for regeneration when employing these less expensive adsorbents. Activated charcoal is in great demand in wastewater treatment because of its low energy and maintenance costs, simplicity, and reliability. Furthermore, an active carbon column requires a limited amount of supervision and maintenance. There is less experience with adsorption using other adsorbents than active carbon adsorption, which boosts the demand for active charcoal in the adsorbent market.
For instance, the market for wastewater treatment services is expanding rapidly in Asia-Pacific and presents the potential for a variety of sectors. The APAC region is home to over 61% of the world's population, and the region's industrial and processing sectors are booming. The Asia-Pacific region is the largest market for wastewater treatment services, with China being the most important market with tremendous growth potential. Thus improving market share for wastewater treatment services in Asia-Pacific is expected to drive the demand for adsorbents in the forecast period.
Growing demand for adsorbents in oxygen concentrators, particularly during the Covid-19 period, has created immense opportunities for adsorbents across the globe.
With the rise of COVID-19 cases and a shortage of oxygen cylinders in numerous countries, oxygen concentrators are among the most in-demand oxygen therapy devices, particularly for patients in home isolation and hospitals running out of oxygen. A medical device that concentrates oxygen from ambient air is known as an oxygen concentrator. Atmospheric air contains roughly 78% nitrogen and 21% oxygen, with 1% of various gases. The oxygen concentrator takes in this air, filters it via a sieve, releases the nitrogen back into the atmosphere, and concentrates on the remaining oxygen.
Concentrators are portable and do not require a specific temperature, unlike LMO, which must be stored and carried in cryogenic tankers. Unlike cylinders that must be refilled, Concentrators need a power source to pull in ambient air. Pressure swing adsorption (PSA) is a technique for isolating specific gas species from a mixture of gases under pressure, based on their molecular properties and affinity for an adsorbent material. The need for adsorbents has risen as a result.
For instance, in June 2021, Honeywell announced a partnership with India's premier Defence Research Development Organization (DRDO), as well as the Council of Scientific and Industrial Research and the Indian Institute of Petroleum (CSIR–IIP), to supply molecular sieve adsorbents to help the country's medical oxygen plants get up and running faster.
COVID-19 Impact on Market
The global Adsorbents market is likely to slow in 2020-2021, as the covid-19 pandemic has wreaked havoc on the energy & chemical, construction & Air separation & drying industries. The pandemic has impacted building projects' material, labor, and major cost components. Furthermore, Major Tier I and II suppliers such as Arkema SA (France), Honeywell International Inc (U.S.), Axens (France), BASF SE (Germany), and Cabot Corporation compete in the global Adsorbents Industry (U.S.).
The manufacturing facilities of these suppliers are distributed across Asia Pacific, Europe, North America, and the rest of the world. COVID-19 has also influenced their enterprises. In addition, several countries that produce adsorbents have had to halt manufacturing due to the pandemic. The top producers of adsorbents for various end-use industries are Asia-Pacific and North America. These issues have caused a disturbance in the Adsorbents market's supply chain, with many manufacturing units slowing down. However, the demand for adsorbents has increased in the oxygen concentrator industry and has created immense opportunities for the industry to grow in the forecast period.
Market Segmentation Analysis
The global Adsorbent Market can be segmented by type, application, and region.
High porosity, broad inner surface area, and excellent Silicone gel adsorption capabilities create application demand for the segment in technical applications.
The global Adsorbent market-based on type is segmented into molecular sieves, activated carbon, silica gel, activated alumina, and others. Out of the mentioned types, silicone gel is expected to dominate the global adsorbent market. Silica gel is a common adsorbent, particularly in the packaging sector. Silica gel has good adsorption properties, which prevent moisture from forming in electrical and electronic equipment.
Furthermore, Today, adsorbents based on silica are essential materials with a wide range of applications. Adsorption processes, catalyst supports, sensor technology, and gas storage are examples of their practical application. The high porosity, broad inner surface area, and excellent adsorption capabilities of the available materials are used in technical applications. Thus, the mentioned features offered by silicone gel and the affordability of the segment are boosting the segment's market share in recent times.
Market Geographical Insights
The North American area dominates the market and is predicted to develop faster in the next years, but the Asia Pacific is a newcomer with promising outcomes.
The North American area dominates the market and is predicted to develop faster in the next years, but the Asia Pacific is a newcomer with promising outcomes. The oil and petrochemical sectors, particularly in the United States and Canada, are major fueling growth in the North American area. Furthermore, this region has recently witnessed a shale gas boom, which has resulted in a rise in the use of adsorbents in the petrochemical sectors.
Furthermore, the pharmaceutical and food and beverage industries have seen significant growth, resulting in the increased need for adsorbents for drying solvents and synthesis products. Another region is predicted to grow quicker and produce excellent outcomes in the Asia Pacific. Pharmaceuticals, the food and beverage sector, petrochemicals, and various other industries sprang up due to the region's growing population, increasing the size of the adsorbents market. In addition, developing countries such as India and China have been steadily expanding their crude oil use, which has boosted demand for adsorbent materials and promoted growth.
Companies and Competitive Landscape
The Adsorbent market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth areW.R. Grace and Company, Arkema SA, Clariant, Honeywell International Inc, Axens, BASF SE, Mitsubishi Chemical Cabot Corporation, and others.
The major companies are adopting several growth strategies such as acquisitions, product launches, and collaborations, contributing to the market growth of Adsorbentglobally.
- For instance, In June 2019, Durasorb HG, a mercury removal adsorbent, was introduced by BASF. Durasorb HG is a mixed metal oxide adsorbent that is non-regenerable and designed to work in wet circumstances. BASF might retain and attract new customers by regularly releasing new and improved products.
Honeywell International Inc
OverviewHoneywell International Inc., headquartered in Charlotte, North Carolina, is an American publicly listed global conglomerate firm. Aerospace, performance materials and technologies, building technologies, and safety and productivity solutions are the company's four main business areas.
Product Portfolio: The Company has a product portfolio of Adsorbentsthat include:
- Aluminas: Customized solutions are required for unique applications. Honeywell UOP's VersalTM alumina series of high-performance powders come from the world's largest commercial producer of precipitated aluminas and offers a wide range of attributes to satisfy your demands.UOP can customize aluminas in several phases to meet specific needs for surface area, porosity, friability, and hardness. Pseudo boehmite and bayerite and higher temperature structures such as gamma, theta, and alpha are examples.
Key Development
- For instance, in June 2021, Honeywell announced a partnership with India's premier Defence Research Development Organization (DRDO), as well as the Council of Scientific and Industrial Research and the Indian Institute of Petroleum (CSIR–IIP), to supply molecular sieve adsorbents to help the country's medical oxygen plants get up and running faster.
