Adsorbent Market Dynamics 2021-2031
The Adsorbent Market is expected to register a CAGR of 5% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The adsorbent market report is segmented by type (molecular sieves, activated carbon, silica gel, activated alumina, and others). The market is segmented based on the application (petroleum refining, gas refining, chemicals, water treatment, air separation and drying, packaging, and others). The global analysis is further broken down at the regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Adsorbent Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Adsorbent Market Segmentation
Type- Molecular Sieves
- Activated Carbon
- Silica Gel
- Activated Alumina
- Petroleum Refining
- Gas Refining
- Chemicals
- Water Treatment
- Air Separation and Drying
- Packaging
Strategic Insights
Adsorbent Market Growth Drivers- Growing Demand for Adsorbents: Due to the ever-increasing concerns about environmental protection and the need for water and air quality standards, there are effective purification systems to cater to the needs. To remove contaminants, pollutants, and impurities from water and air, adsorbents are normally used. The availability of clean drinking water and good quality air, especially in cities, calls for an increase in demand for adsorbent, thus contributing significantly to the market growth.
- Adsorbents in Industrial Applications: Adsorbents play an important role in numerous industrial processes such as separation, purification, and even recovery of valuable chemicals. The need for energy has expanded the petrochemical and chemical sectors, making the application of adsorbents on the rise. In addition, the growing demand for products as well as operational efficiency, also works for the benefit of the market.
- Rising Demand for Adsorbents in Food Industry: The food and beverages industry utilizes adsorbents in decolorization, flavoring, and purification processes. Consumers are opting for more healthy and clean products, and as a result, there is increased availability of product safety and quality adsorbents, which is a major growth factor in this segment of the market.
- Nanotechnology Advancements in Adsorbents: There has been a growing trend in the use of nanotechnology in the manufacture of adsorbents. Nanostructured adsorbents have larger surface areas and better ability to adsorb hence more effective in trapping pollutants or contaminants. This trend is expected to facilitate creativity and, hence, the production of better adsorbents than the current ones.
- Sustainable Trends: Sustainability is becoming an important factor in the adsorbent market. There is more demand for the production of natural and sustainable adsorbents that incorporate agricultural waste and biomass. These secure materials are not only able to comply with restrictions but also meet the needs of health-conscious customers.
- Impact of Digitalization on Adsorbents: New information technologies are impacting the adsorbent market as well. Smart adsorbents using sensors and monitoring systems can provide data about dose uptake and toxicity in real-time. Such tendencies towards digitalization allow for conducting more effective and faster adsorption processes, which contribute to the overall effectiveness of the respective applications.
- Emerging Markets: The rapid industrialization and urbanization in the emerging economies especially the Asia-pacific and Latin America has favorable expansion of opportunities for the adsorbent market. As these areas incorporate more industries, they will also face more environmentally-related problems thus the need of effective adsorbent for the effective solutions of water and air treatment will increase.
- Customized Adsorbent Solutions for Industries: Companies have the growing prospects of designing solutions for adsorbents with applications depending on the needs of different customers. This is whereby such firms can provide adsorbents that aim at specific pollutants or industry claims.
- R&D and Partnerships Drive Adsorbent Innovation: The economies of countries are encouraging more funds for research and development, which in turn will lead to the provision of better adsorbent technology. There are more chances to engineer new adsorbents with better characteristics. Moreover, collaborative agreements can help in the introduction of new technologies to the markets enhancing the scope of the business and its market position.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Adsorbent Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Adsorbent Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Shift towards sustainable and bio-based adsorbentsis expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the adsorbent market due to its rapidly growing water treatment industry.
Based on type, the activated carbon segment is expected to witness the fastest growth during the forecast period.
Arkema, Honeywell International, Axens, BASF SE, Cabot Corporation, W.R Grace and Company, Halliburton, Clariant, Dow, and Mitsubishi Chemical Corporation are the key players operating in the adsorbent market.
The increasing demad for water and air purification is driving the market growth.
The Adsorbent Market is estimated to witness a CAGR of 5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Adsorbent Market - By Product Type
1.3.2 Adsorbent Market - By Application
1.3.3 Adsorbent Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ADSORBENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ADSORBENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ADSORBENT MARKET - GLOBAL MARKET ANALYSIS
6.1. ADSORBENT - GLOBAL MARKET OVERVIEW
6.2. ADSORBENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ADSORBENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. MOLECULAR SIEVES
7.3.1. Overview
7.3.2. Molecular sieves Market Forecast and Analysis
7.4. ACTIVATED CARBON
7.4.1. Overview
7.4.2. Activated carbon Market Forecast and Analysis
7.5. SILICA GEL
7.5.1. Overview
7.5.2. Silica gel Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ADSORBENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PETROLEUM REFINING
8.3.1. Overview
8.3.2. Petroleum refining Market Forecast and Analysis
8.4. CHEMICALS/PETROCHEMICALS
8.4.1. Overview
8.4.2. Chemicals/petrochemicals Market Forecast and Analysis
8.5. PACKAGING
8.5.1. Overview
8.5.2. Packaging Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ADSORBENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Adsorbent Market Overview
9.1.2 North America Adsorbent Market Forecasts and Analysis
9.1.3 North America Adsorbent Market Forecasts and Analysis - By Product Type
9.1.4 North America Adsorbent Market Forecasts and Analysis - By Application
9.1.5 North America Adsorbent Market Forecasts and Analysis - By Countries
9.1.5.1 United States Adsorbent Market
9.1.5.1.1 United States Adsorbent Market by Product Type
9.1.5.1.2 United States Adsorbent Market by Application
9.1.5.2 Canada Adsorbent Market
9.1.5.2.1 Canada Adsorbent Market by Product Type
9.1.5.2.2 Canada Adsorbent Market by Application
9.1.5.3 Mexico Adsorbent Market
9.1.5.3.1 Mexico Adsorbent Market by Product Type
9.1.5.3.2 Mexico Adsorbent Market by Application
9.2. EUROPE
9.2.1 Europe Adsorbent Market Overview
9.2.2 Europe Adsorbent Market Forecasts and Analysis
9.2.3 Europe Adsorbent Market Forecasts and Analysis - By Product Type
9.2.4 Europe Adsorbent Market Forecasts and Analysis - By Application
9.2.5 Europe Adsorbent Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Adsorbent Market
9.2.5.1.1 Germany Adsorbent Market by Product Type
9.2.5.1.2 Germany Adsorbent Market by Application
9.2.5.2 France Adsorbent Market
9.2.5.2.1 France Adsorbent Market by Product Type
9.2.5.2.2 France Adsorbent Market by Application
9.2.5.3 Italy Adsorbent Market
9.2.5.3.1 Italy Adsorbent Market by Product Type
9.2.5.3.2 Italy Adsorbent Market by Application
9.2.5.4 United Kingdom Adsorbent Market
9.2.5.4.1 United Kingdom Adsorbent Market by Product Type
9.2.5.4.2 United Kingdom Adsorbent Market by Application
9.2.5.5 Russia Adsorbent Market
9.2.5.5.1 Russia Adsorbent Market by Product Type
9.2.5.5.2 Russia Adsorbent Market by Application
9.2.5.6 Rest of Europe Adsorbent Market
9.2.5.6.1 Rest of Europe Adsorbent Market by Product Type
9.2.5.6.2 Rest of Europe Adsorbent Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Adsorbent Market Overview
9.3.2 Asia-Pacific Adsorbent Market Forecasts and Analysis
9.3.3 Asia-Pacific Adsorbent Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Adsorbent Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Adsorbent Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Adsorbent Market
9.3.5.1.1 Australia Adsorbent Market by Product Type
9.3.5.1.2 Australia Adsorbent Market by Application
9.3.5.2 China Adsorbent Market
9.3.5.2.1 China Adsorbent Market by Product Type
9.3.5.2.2 China Adsorbent Market by Application
9.3.5.3 India Adsorbent Market
9.3.5.3.1 India Adsorbent Market by Product Type
9.3.5.3.2 India Adsorbent Market by Application
9.3.5.4 Japan Adsorbent Market
9.3.5.4.1 Japan Adsorbent Market by Product Type
9.3.5.4.2 Japan Adsorbent Market by Application
9.3.5.5 South Korea Adsorbent Market
9.3.5.5.1 South Korea Adsorbent Market by Product Type
9.3.5.5.2 South Korea Adsorbent Market by Application
9.3.5.6 Rest of Asia-Pacific Adsorbent Market
9.3.5.6.1 Rest of Asia-Pacific Adsorbent Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Adsorbent Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Adsorbent Market Overview
9.4.2 Middle East and Africa Adsorbent Market Forecasts and Analysis
9.4.3 Middle East and Africa Adsorbent Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Adsorbent Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Adsorbent Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Adsorbent Market
9.4.5.1.1 South Africa Adsorbent Market by Product Type
9.4.5.1.2 South Africa Adsorbent Market by Application
9.4.5.2 Saudi Arabia Adsorbent Market
9.4.5.2.1 Saudi Arabia Adsorbent Market by Product Type
9.4.5.2.2 Saudi Arabia Adsorbent Market by Application
9.4.5.3 U.A.E Adsorbent Market
9.4.5.3.1 U.A.E Adsorbent Market by Product Type
9.4.5.3.2 U.A.E Adsorbent Market by Application
9.4.5.4 Rest of Middle East and Africa Adsorbent Market
9.4.5.4.1 Rest of Middle East and Africa Adsorbent Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Adsorbent Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Adsorbent Market Overview
9.5.2 South and Central America Adsorbent Market Forecasts and Analysis
9.5.3 South and Central America Adsorbent Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Adsorbent Market Forecasts and Analysis - By Application
9.5.5 South and Central America Adsorbent Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Adsorbent Market
9.5.5.1.1 Brazil Adsorbent Market by Product Type
9.5.5.1.2 Brazil Adsorbent Market by Application
9.5.5.2 Argentina Adsorbent Market
9.5.5.2.1 Argentina Adsorbent Market by Product Type
9.5.5.2.2 Argentina Adsorbent Market by Application
9.5.5.3 Rest of South and Central America Adsorbent Market
9.5.5.3.1 Rest of South and Central America Adsorbent Market by Product Type
9.5.5.3.2 Rest of South and Central America Adsorbent Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ADSORBENT MARKET, KEY COMPANY PROFILES
11.1. ARKEMA S.A
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AXENS S.A
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BASF SE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CABOT CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CALGON CARBON CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CLARIANT
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. EDEN ENERGY LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MITSUBISHI CHEMICAL CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE DOW CHEMICAL COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. W.R GRACE AND COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Arkema S.A
2. Axens S.A
3. BASF SE
4. Cabot Corporation
5. Calgon Carbon Corporation
6. Clariant
7. Eden Energy Ltd.
8. Mitsubishi Chemical Corporation
9. The Dow Chemical Company
10. W.R Grace and Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.