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. 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.
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.
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.
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.
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.
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.
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.
Impact of COVID-19
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.
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
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.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
By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Europe
- Germany
- France
- Italy
- United Kingdom
- Middle East and Africa
- Israel
- Saudi Arabia
- South Africa
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Adsorbent Market, By Type
6. Global Adsorbent Market, By Application
7. Global Adsorbent Market By Geography
8. Competitive Environment and Analysis
9. Company Profiles
Companies Mentioned
- Arkema S.A
- BASF SE
- Axens
- Cabot Corporation
- Calgon Carbon Corporation
- W.R Grace & Co.
- Clariant
- Graver Technologies
- Zeolyst International
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | July 2022 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 3.6 billion |
| Forecasted Market Value ( USD | $ 5.12 billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
