Adsorbents Market Size Worth $10.8 Billion By 2030: IndustryARC
Research Reports
Aug 21, 2024
Global Adsorbents Market size is predicted to reach $10.8 billion by 2030, growing at a CAGR of 6.3% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Growing environmental concerns and expanding applications across diverse industries propel market growth, finds IndustryARC in its recent report, titled “Adsorbents Market – By Type (Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites (Molecular Sieves), and Others), By Form (Powder, Flakes, and Others), By End-Use Application (Oil and Gas Industry, Petrochemical Industry, Chemical Industry, Automotive and Transportation, Pharmaceutical and Food, Water Treatment, Nuclear Waste Remediation, Refrigerant, Building & Construction, Personal Care and Cosmetic, and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”
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North America to Register Highest Growth:
The region’s focus on sustainability and stringent regulations bolster demand for adsorbents across diverse applications such as air purification, water treatment, and industrial processes. Additionally, technological innovations in material science and increasing investments in research and development further propel market expansion. North America’s proactive approach in adopting advanced adsorbent technologies to mitigate environmental impact and enhance operational efficiency underscores its pivotal role in shaping the global adsorbent market landscape. With a strong emphasis on quality control and efficiency, the region is set to capitalize on emerging opportunities in the adsorbent industry.
Adsorbents Market 2024-2030: Scope of the Report
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Report Metric |
Details |
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Base Year Considered |
2023 |
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Forecast Period |
2024–2030 |
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CAGR |
6.3% |
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Market Size in 2030 |
$10.8 billion |
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Segments Covered |
By Type, By Form, By End-Use Application and By Region |
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Geographies Covered |
North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa) |
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Key Market Players |
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Adsorbents Market Report – Key Takeaways:
- Zeolites Dominated the Adsorbents Market
The zeolites segment dominated the Adsorbents Market in 2023 due to their unique properties, including high hydration levels that stabilize a low-density crystal structure with significant void volume. Over the past two decades, zeolites have been widely utilized in less technically demanding and non-regenerative applications. Innovations include new lightweight cementing techniques for oil and gas completions and modified zeolite adsorbents for extracting metals or organics from water. Ongoing advancements in zeolite gas treatment, pressure swing adsorption, and odor control systems highlight their versatility across various industries. Zeolites’ prominence in environmental applications, industrial gas production, and specialty chemicals underscores their pivotal role in driving market growth throughout the forecast period.
- Rapid Growth of Petrochemical Industry in Adsorbents Market
The petrochemical industry held the largest market share in 2023 and is projected to grow at a CAGR of 7.4% from 2024 to 2030. Adsorbents play a crucial role in this sector by effectively removing trace contaminants like water and sulfur from feed, intermediate, and product streams to ensure smooth plant operations. Given the reactivity of ethylene plant streams, selecting the right adsorbent is essential. These materials are integral for purifying olefin-containing streams, treating off-gas from catalytic crackers, and enhancing operational longevity and ease. Increasing investments in the petrochemical sector, highlighted by Alberta’s Industrial Heartland Association, with the petrochemical sector in Alberta projected to increase by more than US$30 billion by 2030, are expected to drive significant growth in the adsorbents market across various countries in the coming years.
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Key Opportunity Analysis:
Growth in the Pharmaceutical Sector
The global adsorbents market is poised for significant expansion due to the growing pharmaceutical industry. As demand for pharmaceuticals increases worldwide, so does the need for high-purity drug formulations, where adsorbents play a vital role. They are essential in removing impurities and moisture during drug manufacturing, ensuring product quality and efficacy. The development of advanced therapies, including biologics and personalized medicine, further amplifies this need. Pharmaceutical companies are increasingly adopting innovative adsorbent materials to optimize production processes and enhance drug stability. This trend presents a lucrative opportunity for adsorbent manufacturers to cater to the evolving requirements of the pharmaceutical sector, driving market growth.
Expansion of Oil and Gas Exploration Activities
The global adsorbents market can capitalize on the expansion of oil and gas exploration activities, presenting a significant opportunity. As demand for energy resources continues to rise, the oil and gas industry is expanding exploration and production operations. Adsorbents are essential in various applications, including gas separation, desulfurization, and dehydration processes, which are crucial for refining and processing hydrocarbons. The increasing complexity of oil and gas reserves, such as shale and deepwater fields, requires advanced adsorbent solutions. By developing specialized adsorbents that enhance efficiency and sustainability in extraction and refining, companies can tap into this opportunity and gain a competitive edge in the market.
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The report also covers the following areas:
- Adsorbents Market Size and Forecast
- Adsorbents Market Trends
- Adsorbents Market Analysis by Product Type
Adsorbents Market 2024-2030: Key Highlights
- CAGR of the market during the forecast period 2024-2030
- Value Chain Analysis of key stakeholders
- Detailed analysis of market drivers and opportunities during the forecast period
- Adsorbents Market size estimation and forecast
- Analysis and predictions on end users’ behavior and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive analysis of challenges and constraints in the Adsorbents Market
Covid and Ukrainian Crisis Impact:
- The COVID-19 pandemic has had a dual impact on the global adsorbents market. Initially, widespread disruptions in supply chains and manufacturing operations led to delays in production and distribution of adsorbent materials. This created short-term fluctuations in market availability and pricing. As industries worldwide implemented lockdowns and operational restrictions, demand for adsorbents in sectors like automotive, aerospace, and manufacturing decreased temporarily. However, as economies gradually reopened, there was a resurgence in demand for adsorbents, driven by stringent hygiene protocols and the need for air and water purification solutions to ensure safe environments.
- Concurrently, the Russia-Ukraine war has introduced geopolitical uncertainties affecting the global adsorbents market. The conflict has disrupted supply chains for critical raw materials used in adsorbent production, particularly affecting regions dependent on Ukrainian supplies. Sanctions and trade restrictions have further exacerbated supply shortages and increased costs for manufacturers globally. The geopolitical instability has prompted industries to seek alternative sourcing strategies and adapt to fluctuating market conditions, impacting the availability and pricing of adsorbents. Amidst these challenges, there is a heightened focus on diversifying supply chains and enhancing resilience to geopolitical disruptions in the adsorbents sector.
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List of Key Market Players in the Adsorbents Market:
The Global Adsorbents Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
- BASF SE
- Arkema SA
- Honeywell International Inc.
- Cabot Corporation
- W. R. Grace & Co.
- Clariant AG
- Mitsubishi Chemical Corporation
- Calgon Carbon Corporation (Kuraray)
- Evonik Industries
- Axens Group
Related Reports:
APAC Absorbents Market size is forecast to reach US$5.8 billion by 2030 after growing at a CAGR of 7.3% during 2024-2030.
Industrial Adsorbents Market size is forecast to reach US$8.8 billion by 2030 after growing at a CAGR of 6.1% during 2024-2030.
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Contact Information:
Mr. Venkat Reddy Email: sales@industryarc.com USA: (+1) 970-236-3677
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