Natural Gas Adsorbents Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCH3007 | Last Updated On: Jun 20 2022 | Available Formats

> Global Natural Gas Adsorbents Market Expected to reach a high CAGR of 4% during the forecast period 2022-2029: DataM Intelligence

Global Natural Gas Adsorbents Market is segmented By Type (Molecular Sieve, Activated Carbon, Silica Gel, Activated Alumina, Clay, Others), By Application (Petroleum Refining, Chemical/Petrochemicals, Gas Refining, Water Treatment, Air Separation, Packaging, Others), By Raw Material (Coal, Coconut, Silicate, Bauxite), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Natural Gas Adsorbents Market is expected to grow at a CAGR of 4% during the forecasting period (2022-2029).

Natural-gas adsorbent storage and transportation technology recently became competing with the compressed natural gas (CNG) method due to a high energy density capability achievement. The innovation and technology in adsorbents such as monolithic carbons and recently compressed active carbon fibres, which can be used in noncylindrical vessels, made it possible to store the same gas capacity as CNG tanks but at lower pressure. Moreover, some new types of gas tanks thermal control schemes with an internal source of energy input, based on heat pipe heat exchangers have made it possible to use different sources of energy for exhausting gases, wasted engine cooling liquids, solar and other types of life to stimulate gas desorption at a uniform rate of gas delivery and steady pressure/temperature and decreases the drop of temperature in the storage tank because of enthalpy desorption.

 

Market Dynamics

Natural-gas adsorbents are used in the oil and gas industry to remove contaminants from the streams. This removal of contaminants helps increase the product value, protects the high-cost oil and gas equipment from decay, and increases the machine's lifespan. The increased demand in the energy sector will be the key factor for the growth of the natural-gas adsorbents market. Moreover, the chemical-based industry is the golden chance for many developing economies such as China, India, Brazil expected to have the massive growth of the adsorbents market. Besides, the natural-gas vehicle is a cost-effective, lower-emission alternative to the fueled vehicle. The challenge the industries face in natural gas vehicles is the extension of its driving range. Besides, these light gases have very high vapour pressure at ambient temperatures, and their storage requires either high-pressure compression, adsorbent systems, or an extreme reduction of temperature. In the ANG process, natural gas adsorbs to a porous adsorbent at relatively low pressure (100 to 900 psi) and ambient temperature, solving high-pressure and low-temperature problems. If a suitable adsorbent is used, it is possible to store more gas in an adsorbent-filled vessel than in an empty container at the same pressure. The amount of adsorbed gas depends on pressure, temperature, and adsorbent type. Since this adsorption process is exothermic, an increase in pressure or a decrease in temperature enhances its efficiency. Currently, researchers are developing new adsorbents with higher adsorption ratios to optimize this process.

However, the constant fluctuation in oil and gas prices will negatively impact the market. The oil prices have declined sharply owing to the political uncertainties of the major oil-producing nations such as Russia, Venezuela, and Saudi Arabia. This decline will recover if the production is lowered during the price war between the major oil-producing countries, which will drive the adsorbents market ahead.

Segment Analysis

The market is segmented into molecular sieves, activated carbon, silica gel, activated alumina, clay, and others by type. By application, the market is segmented into petroleum refining, chemicals/petrochemicals, gas refining, water treatment, air separation & drying, packaging, others. By raw material, the market is segmented into coal, coconut, silicate, and bauxite. These raw materials available in the market are supplied by major companies like the Atlantic Coal Plc, Eden Energy Ltd., and BHP Billiton Ltd. By Raw Material, the market is segmented into heat buildings & water, to operate refrigeration and cooling equipment, to cook, to dry clothes, to provide outdoor lighting, others.

Geographical Analysis

Asia-Pacific is the largest market for the natural gas adsorbent. Among all the Asia-Pacific countries, China dominates the adsorbent market, followed by India. It is expected that India will have fast growth to surpass China in the forecast period. The increasing population has grown the pharmaceutical, food, and packaging industry, which is expected to drive market growth. Along with the increased demand for activated alumina, silica gels and clay have a massive shift in the Asia-Pacific market. The growing demand for eco-friendly and economical adsorbents from major end-use industries such as petroleum refining, chemicals/petrochemicals, and gas refining has led to the adsorbent market's growth region.

The dominant petrochemical industry in North America, chiefly the U.S. and Canada, is the primary factor driving this region's market. After exploring crude oil and natural gas, the first step is to remove water content where molecular sieves are extensively used and increase its growth. Moreover, the recent natural gas boom in this region has increased due to petrochemicals' production, which is expected to increase the region's demand for adsorbents substantially. Besides, the developed pharmaceutical industry and food and beverage industry are expected to increase market growth in the forecast period. In the U.S, the advancement of technologies hydrofracking of oil production was a revelation in the oil and gas industry. This innovation and technologies have shifted the oil and gas market towards the U.S. due to this, the massive demand increase for adsorbents in the region. They will be responsible for much of the market growth.

Whereas in the European region, the natural gas Adsorbents market is driven by the developed healthcare, pharmaceuticals, and the petrochemical industry. Moreover, the demand for the grown food and beverage sector and the growth in the biopharmaceuticals and chromatography sector are also expected to add to the market growth.

Competitive Landscape

The natural gas Adsorbents market is a moderated fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. BASF SE, W. R. Grace & Company, Zeochem AG, UOP LLC., Axens Group, Arkema SRL, Clariant Ltd., Zeolyst International, Cabot Corporation, and Mitsubishi Chemical Corporation are the major player in the natural gas Adsorbents market. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the natural gas Adsorbents market globally.

BASF Company

BASF is developing the gas to optimize its gas and ammonia plants treatment process technology in the early 1970s. After ten years of experience and optimization at BASF‘s production facilities, the technology was marketed to our gas treatment customers worldwide. Moreover, during the 1990s, BASF obtained the technology with the LNG market application, known as the favoured technology of choice for LNG and sales gas demands. Besides, in this period and subsequent years, BASF developed and prolonged its technologies further into new fields like flue gas, floating LNG, refineries, and other special applications. BASF now has an excellent record of over 350 reference plants operating around the world.

The OASE has launched the brand to bring together our full range of customized gas treatment technologies, high-performance solvents, and comprehensive support services specializing in application-specific, cutting-edge solutions to even the most complex gas treatment challenges.

The continuous development of technologies these products are versatility for uses in new applications, and a commitment to developing new and innovative solutions allow BASF to maintain technically superior competency and a leading market position to provide state-of-the-art designs complex customer requests.

It is also working on its:

a) Traditional applications such as syngas and ammonia

b) World-scale sales gas as well as inland and offshore liquefied natural gas (LNG) facilities

c) New applications such as biogas

d) Industrial production of carbon dioxide (CO2)

e) Advancing markets for carbon capture and floating LNG.

Trending Topics

Natural Gas Engine Market

Natural Gas Leakage Detection Systems Market

Natural Gas Storage Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest