The global adsorbent market was valued at US$3.886 billion in 2017 and is projected to expand at a CAGR of 6.06% over the forecast period to reach US$5.531 billion by 2023. Government regulations on wastewater treatment and environmental is expected to drive the global Adsorbent Market. Moreover, technological advancements in the manufacturing process enabling cost-effective production is further fueling the growth of the market. Growing need for economic and eco-friendly adsorbent for industries such as oil and gas, chemicals among others is also expected to surge the demand for adsorbents over the forecast period. Asia Pacific is expected to grow at the highest CAGR owing to increasing demand from India and China. Adsorbent manufacturers are anticipated to increase R&D spending and adopt strategies such as major acquisitions, joint venture, new product developments and collaboration to take benefit of this fast growth market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the adsorbent value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global adsorbent market.
Major industry players profiled as part of the report are Arkema, BASF SE, Cabot Corporation, and Calgon Carbon Corporation among others.
The global adsorbent market has been analyzed through following segments:
Molecular Sieve Carbons
Molecular Sieve Zeolites
Oil & Gas Refining
Middle East and Africa
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