Adsorbent Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC174

Adsorption refers to a chemical process in which atoms, ions or molecules from a dissolved solid, liquid or gas adheres to a specific surface. In the process of adsorption, a thin film is generated on the adsorbent by the adsorbate. Adsorption is a result of surface energy likewise surface tension. Adsorption exists in various biological, chemical, natural and physical systems which have applications in the widely categorized industrial sector. Adsorbents are generally found in the form of spherical pellets, rods and moldings which have a diameter of around 0.5 to 10mm. Adsorbents which are considered to be effective should have strong resistance to high thermal stability and abrasion with small pore diameters. They should also have a distinct pore structure to help them in speedy transit of gaseous vapors. Industrial adsorbents are categorized as carbon based compounds which are hydrophobic and nonpolar and includes various materials such as activated carbon and graphite. Oxygen containing compounds, which are polar as well as hydrophilic, including material such as silica gel and zeolites, the polymer based compounds that are generally polar or non-polar functional groups in a polymer matrix.

Some of the major drivers in global adsorbents market include innovations and advancements to introduce advanced and new adsorbent materials. The end-use industries require adsorbents for a broad range of applications having varied requirements and characteristics. To serve the aforementioned purpose, the major companies are now focusing on technological innovations to develop new adsorbent materials to be applied in distinct commercial and industrial areas. The increasing technological developments to manufacture cost effective adsorbents is one of the major factors anticipated to generate high revenues in the global adsorbent market over the forecast period.

Asia-Pacific is projected to be the largest market for adsorbents across the globe owing to rising demands from India and China. Russia and China are anticipated to be the largest consumers of adsorbents. Moreover, the developed economies are contributing towards huge demand for adsorbents. Emerging economies are expected to be one of the most the potential markets for adsorbents across the globe with increasing production capacity. Hence, increasing demands from emerging economies may tender bright opportunities for the global adsorbents market.

The global adsorbent market can be segmented on the basis of type, application and region. On the basis of type, the global adsorbent market can be segmented into molecular sieves, activated carbon, silica gel, activated alumina, clay and others. On the basis of application, the global adsorbent market can be segmented into petroleum refining, gas refining, chemicals and petrochemicals, water treatment, air separation and drying, packaging and others. On the basis of region, the global adsorbent market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand in Asia-Pacific is expected to be the major driving factor for the growth of global adsorbents market. China is anticipated to account for the largest share and lead the overall demand for adsorbents owing to the increasing industrial production over the last few years. The markets in other developing countries such as Brazil, Argentina and India are also anticipated to grow rapidly throughout the forecast period.

Major players operating in the global adsorbents market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the key players in the global adsorbent market are Arkema, Axens, Clariant, BASF, Cabot, Calgon Carbon, Grace, MeadWestvaco Corporation, UOP, Graver Technologies, Zeolyst International, Sorbead India and Zeochem LLC among others.

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