Adsorbent Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Silica Gel, Activated Alumina, Activated Carbons, Molecular Sieve Carbons, Molecular Sieve Zeolites, Polymeric), By Application (Oil & Gas Refining, Packaging, Chemical, Food Processing, Water Treatment, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Jun 2022 Report Code: KSI061610296 Pages: 125

The adsorbent market is projected to witness a CAGR of 5.15% during the forecast period to grow from US$3.603 billion in 2020 to US$5.121 billion in 2027.

Introduction

Adsorbents are compounds that have the ability to extract certain elements from liquids, solids, and gaseous states while keeping their physical qualities. They are generally utilized in the shape of monoliths, rods, and moulding, among other things, and produce layers through the adhesion process. Adsorbents have a number of qualities, including strong wear resistance, relatively high capacity, heat resistance, and others, enabling them to be appropriate for application in a variety of sectors, including petrochemicals, air separation and drying, water treatment, and others.

Water treatment is one of the most common difficulties that industries encounter, hence adsorbents are in high demand due to their ability to clean water. Low-cost polymer-based materials that can be utilized to extract toxic compounds, anions, and other dangerous substances from industrial effluents and convert them to freshwater have recently been created in the adsorbent market. Though this innovation is not yet in widespread use, it paves the way for the future development of wastewater treatment systems that are simple to implement.

  • Factors Influencing Adsorbent Market Growth An increase in COVID-19 cases

With the rise in COVID-19 cases and a scarcity of oxygen cylinders in numerous Indian states, oxygen distillation columns are among the most sought-after oxygen therapy devices, particularly among people in home isolation and hospitals that are running out of oxygen. A medicinal product that isolates oxygen from atmospheric air is called an oxygen concentrator. About 78 percent of atmospheric air is nitrogen.  About 21 percent is oxygen, and the remaining 1 percent is made up of various gases. The oxygen extractor takes this air, filters it via a mesh, releases the nitrogen high into the atmosphere, and then works on the oxygen that remains.

Concentrators are flexible and do not require a specific temperature, unlike LMO, which must be stored and carried in cryogenic tankers. Concentrators, unlike cylinders that must be refilled, just require a power source to pull in ambient air. Pressure-driven membrane adsorption  (PSA) is a technique for isolating specific gas components from a gaseous medium under pressure, based on their molecular properties and propensity for an adsorbent.

  • Global Demand for Oil and Gas

The escalating demand for adsorbents from the oil and gas industries around the world is a primary factor driving the overall market growth. A vast number of oil and gas corporations are increasing their refining facilities in response to rising global energy demand. India and China, for example, continue to expand their crude oil refining capacity at home. Furthermore, major North American exploration and production corporations are shifting their focus to the exploitation of conventional oil and gas deposits such as tight oil and tight gas, shale gas, shale oil, and coal bed methane. All of these reasons are predicted to help the adsorbents business grow rapidly in the near future.

  • Usage In Different Industries

The growing number of applications from numerous industry verticals is projected to propel the market forward. Furthermore, the adsorbents have a variety of beneficial properties, such as high abrasion resistance, high surface capacity, high thermal stability, and others, which make them suitable for use in a variety of petrochemical industries, air separation and drying industries, water treatment industries, and others, all of which are expected to drive market growth. Another factor predicted to boost the worldwide adsorbent market's growth is the growing demand for polymeric adsorbents from the pharmaceutical industry for the removal of antibiotics, peptides, proteins, and other chemicals. There is a growing need for adsorbents in water treatment in both developed and underdeveloped countries.

Market for adsorbents

  • By Type

The adsorbent market is divided into activated Silica Gel, Activated Alumina, Activated Carbons, Molecular Sieve Carbons, Molecular Sieve Zeolites, and Polymeric adsorbents depending on the type. Molecular sieves have small pores of uniform size. These are used in molecular sieves to enable them to restrict large molecules while permitting molecules to pass through. Molecular sieves are commonly employed in removing contaminants and drying applications because of their qualities. They're also employed in the petrochemical industry to filter out impurities like water and sulphur. As a result of their widespread use, molecular sieves are projected to see significant demand in the future.

  • By Application

The adsorbent market is divided into Oil & Gas Refining, Packaging, Chemical, Food Processing, Water Treatment, and Others by type. The mineral adsorbent is most commonly employed in water methods for removing impurities that are dissolved in a solvent. Some of the more sophisticated approaches for water purification include recycled water (RO), ultrafiltration, and nanofiltration. Reverse osmosis membranes, also known as membrane technology, use semi-permeable polymers to filter bulk contaminants from a huge supply of water at high pressure with low energy usage. By removing organic molecules such as pesticides and decontamination decomposition products through redox reactions within the mainstream press bed material, mineral biosorbents help to remove taste, odour, and colour changes caused by chlorine.

  • By Geography

The adsorbent market is dominated by Asia-Pacific. Countries like China, Japan, and India are driving up adsorbent demand in the region. Rapid urbanisation particularly in rising economies like China and India, is one of the primary factors driving the worldwide adsorption economy in this area. The Asia Pacific region has become more competitive and dynamic than other regions due to the increased need for adsorbents.

Restraints

The ability of adsorbent materials to attract molecules to their surfaces is restricted. Once the capacity has been reached, additional refining and purification will produce an equilibrium, which will lead to desorption. Adsorbents are utilized for the adsorption of various pollutants and contaminants such as carbon dioxide (or hydrogen sulfide), mercaptans, manufacturing chemicals, and hydrate inhibitors during refining and purifying processes. The current contaminants react with the adsorbents during this time, causing the adsorbent to regenerate. The adsorbent is either regenerated or removed by these pollutants. The regeneration capability of adsorbents determines their service life, which can be a market limitation.

Impact of COVID-19 on the Adsorbent Market:

The pandemic has had a severe impact on the worldwide adsorbent market, causing the market size to gradually shrink. The expansion of the adsorbent market is dependent on the end-use industries because adsorbents are not consumer products. However, due to the pandemic, the industries were compelled to stop operations, which impacted the adsorbent industry. The supply of industrial and consumer products such as electronic goods, automobiles, and so on had decreased as a result of the lockdowns and restrictions imposed in various countries, which was not predicted by the adsorbent leading companies, and thus the market encountered a demand for adsorbents, that has been continuing even until 2021.

Competitive Insights          

A number of countries that produce adsorbents have been compelled to discontinue production. The majority of adsorbents are made in Asia-Pacific and North America, two regions struck particularly hard by the coronavirus. The global mineral adsorbent market is moderately segmented, with a number of multinational and domestic companies competing. The market is very competitive due to the vast number of small and medium-sized businesses. The market's high development potential is bringing new local and international companies to the market. The following companies are major players in the worldwide mineral adsorbent market: Arkema S.A, BASF SE, Shell and BASF announced plans to partner in September 2021 to speed the transformation to a zero-emissions planet. As part of their collaboration, the two businesses evaluated, countered, and implemented BASF's Sorbead Adsorption Technology for pre-and post-combustion operations in Carbon Capture and Storage. Sorbead Adsorption Technology is used by Shell to dehydrate CO2 obtained by one of its carbon captures technologies, such as ADIP Ultra or CANSOLV. Axens, Cabot Corporation, Calgon Carbon Corporation, W.R Grace & Co., Clariant, Graver Technologies, Zeochem AG, and Zeolyst International.

Adsorbent Market Scope:

Report Metric Details
 Market size value in 2020  US$3.603 billion
 Market size value in 2027  US$5.121 billion
 Growth Rate  CAGR of 5.15% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Arkema S.A, BASF SE, Axens, Cabot Corporation, Calgon Carbon Corporation, W.R Grace & Co., Clariant, Graver Technologies, Zeolyst International
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Silica Gel
    • Activated Alumina
    • Activated Carbons
    • Molecular Sieve Carbons
    • Molecular Sieve Zeolites
    • Polymeric
  • By Application
    • Oil & Gas Refining
    • Packaging
    • Chemical
    • Food Processing
    • Water Treatment
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    •  South America
      • Brazil
      • Argentina
      • Others
    •  Europe
      • Germany
      • France
      • Italy
      • United Kingdom
      • Others
    •  Middle East and Africa
      • Israel
      • Saudi Arabia
      • South Africa
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global adsorbent market?
A1. Adsorbent Market was valued at US$3.603 billion in 2020.  


Q2. What will be the adsorbent market size by 2027?
A2. The adsorbent market is projected to reach a market size of US$5.121 billion by 2027. 


Q3. What are the growth prospects for the adsorbent market?
A3. The global adsorbent market is projected to witness a CAGR of 5.15% over the forecast period. 


Q4. What factors are anticipated to drive the adsorbent market growth?
A4. The escalating demand for adsorbents from the oil and gas industries around the world is a primary factor driving the overall adsorbent market growth.


Q5. Which region holds the largest market share in the adsorbent market?
A5. The Asia Pacific is expected to hold a significant share in the adsorbent market owing to increasing demand from India and China.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation


2. Research Methodology
2.1. Research Data
2.2. Assumptions


3. Executive Summary
3.1. Research Highlights


4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Function
4.4. Function Value Chain Analysis


5. Global Adsorbent Market, By Type
5.1. Silica Gel
5.2.  Activated Alumina
5.3.  Activated Carbons
5.4.  Molecular Sieve Carbons
5.5. Molecular Sieve Zeolites
5.6.  Polymeric


6. Global Adsorbent Market, By Application
6.1. Oil & Gas Refining
6.2. Packaging
6.3.  Chemical
6.4.  Food Processing
6.5. Water treatment
6.6.  Others


7. Global Adsorbent Market By Geography
7.1. Introduction
7.2.  North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3.  South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4.  Europe
7.4.1. Germany
7.4.2. France
7.4.3. Uk
7.4.4. Italy
7.4.5. Others
7.5. Middle East and Africa
7.5.1. South Africa
7.5.2. Saudi Arabia
7.5.3. Israel
7.5.4. Others
7.6.  Asia-Pacific
7.6.1. China
7.6.2. India
7.6.3. Japan
7.6.4. South Korea
7.6.5. Thailand
7.6.6. Indonesia
7.6.7. Others


8.  Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix


9. Company Profiles
9.1.  Arkema S.A
9.2. BASF SE
9.3. Axens
9.4. Cabot Corporation
9.5. Calgon Carbon Corporation
9.6. W.R Grace & Co. 
9.7. Clariant
9.8. Graver Technologies
9.9.  Zeolyst International

Arkema S.A

BASF SE

Axens

Cabot Corporation

Calgon Carbon Corporation

W.R Grace & Co. 

Clariant

Graver Technologies

Zeolyst International

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