Overview and Scope
Adsorbents are insoluble materials with liquid coatings on their surfaces, such as capillaries and pores. Adsorbents are essential in chemical absorption, which occurs when a specific component is trapped on the surface of a material.
Sizing and Forecast
The adsorbents market size has grown strongly in recent years. It will grow from $4.67 billion in 2023 to $5 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to industrial manufacturing and process optimization, environmental regulations and pollution control, water treatment and purification needs, oil and gas industry applications, pharmaceutical and healthcare sector demand..
The adsorbents market size is expected to see strong growth in the next few years. It will grow to $6.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising focus on sustainable and green technologies, growing awareness of water scarcity, expanding applications in gas separation, pharmaceutical industry advancements, evolving regulations for air quality control.. Major trends in the forecast period include applications in industrial gas purification, utilization in energy storage systems, innovation in adsorbent-based water treatment, market expansion in asia-pacific region, demand in gasoline and diesel purification..
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Segmentation & Regional Insights
The adsorbents market covered in this report is segmented –
1) By Type: Molecular Sieves, Activated Carbon, Silica Gel, Clay, Other Type
2) By Application: Water Treatment, Air Seperation, Packaging , Gas Refining, Other Application
3) By End-User: Pharmaceutical, Commercial, Industrial, Petrochemical, Other End-User
Asia-Pacific was the largest region in the adsorbents market in 2023. The regions covered in the adsorbents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in demand for oxygen concentrators is expected to propel the growth of the adsorbents market going forward. An oxygen concentrator provides extra or supplemental oxygen to patients who have respiratory difficulties. The portable oxygen concentrator using the PSA technology can adsorb nitrogen from the air and produce an enriched oxygen stream under high-pressure settings due to the enormous microporous surface area inside the zeolite adsorbents hence, usage of adsorbents drastically increased in oxygen concentrators due to covid-19. For instance, in February 2021, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, WHO, and partners have supplied more than 30,000 concentrators and 40,000 pulse oximeters and patient monitors, reaching 121 countries, including 37 nations. Therefore, the increase in demand for oxygen concentrators drives the adsorbents market.
Key Industry Players
Major companies operating in the absorbents market are developing natural VOC-trapping adsorbents to gain a competitive edge in the market. Natural VOC-trapping adsorbents are materials derived from natural sources that effectively capture and remove volatile organic compounds (VOCs) from the environment. For instance, in February 2021, Clariant AG, a Swiss multinational speciality chemical company, launched DESVOCANT, a new series of adsorbents designed to capture volatile organic compounds (VOCs) in packaging and cargo shipments. The adsorbents are made from a naturally occurring, non-toxic bentonite clay mineral with a distinct surface structure that is dried throughout the manufacturing process. DESVOCANT adsorbents are mined in an environmentally friendly manner and provide a natural solution to the problem of VOCs in packaging and cargo shipments.
The adsorbents market report table of contents includes:
1. Executive Summary
2. Adsorbents Market Characteristics
3. Adsorbents Market Trends And Strategies
4. Adsorbents Market – Macro Economic Scenario
5. Global Adsorbents Market Size and Growth
…
31. Global Adsorbents Market Competitive Benchmarking
32. Global Adsorbents Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Adsorbents Market
34.Adsorbents Market Future Outlook and Potential Analysis
35.Appendix
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