Adsorbent Market Overview:
Adsorption is an efficient separation method or a purification method used in petrochemical industries and refineries. Based on the mechanism, the adsorption process is classified as physical and chemical adsorption. Both the mechanisms are used in petroleum engineering. Removal of pollutants present in the petroleum refineries is a crucial task that can be easily carried out by adsorbents. Globally, there is an increasing demand for adsorbents in petroleum industries.
Adsorbents are widely used in various tasks such as removal of many components of flue gases, organic matter, heavy metals and dyes, and removal of oil from wastewater. Major types of adsorbents that are in use are activated alumina, silica gel, activated carbon, molecular sieve, clay and others. Few types of adsorbent such as silica gel, activated carbon, molecular sieve, activated alumina, clay also have the properties of desiccant as well. Desiccant also uses physical adsorption process like adsorbent.
Adsorbent Market Size:
According to the research report, the Adsorbent Market was valued USD XX.XX Million in 2015, it is projected to reach at USD XX.XX Million in 2020, with increasing a CAGR of X.XX% during the time of forecast 2015-2020.
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Adsorbent Market Drivers and Restraints:
The market for adsorbent is driven by oil & gas, packaging, air separation, and water treatment industries due to government regulations on wastewater treatment and environmental regulations regarding increasing air pollution levels, which are expected to boost the growth of the adsorbent market in the coming years. Adsorbent is a material with diverse range of types across various applications such as petrochemicals, water treatment, air separation & drying, and others. The global demand for adsorbent materials is increasing moderately, in which molecular sieves and activated carbon are major types. The demand for silica gel, silica gel-alumina composites, and metal oxides is anticipated to grow due to their efficiency and better service life. Molecular sieves (zeolite) account for a major share in the adsorbent market in terms of both value and volume. The silica gel, molecular sieve, activated carbon also have the properties of desiccant, which behaves like adsorbent only, which is attributing to the growth of adsorbent market globally.
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Adsorbent Market Geographical Segmentation:
Geographically, the global market is distributed among three regions, Americas, APAC, and EMEA. With a complete study of growth opportunities, it is estimated that countries in the America will contribute to the highest growth of the market throughout the predicted period.
Adsorbent Market Prominent Key Players:
Some of the prominent players of the Adsorption Market research are
- Cabot Corporation
- Calgon Carbon Corporation
- W.R. Grace & Company
- Graver Technologies
- West Rock.
These companies have been adopting various organic and inorganic growth strategies such as expansion, merger & acquisition, partnership, new product launch & product development to enhance their current market share.
Key Takeaways from this Report:
- For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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