Global Sales Revenue of Adsorbents Market to Grow US$ 5.6 Billion by 2026, States MarketsandMarkets™
The global adsorbents market size is estimated to grow from USD 4.1 billion in 2021 to USD 5.6 billion by 2026, at a CAGR of 5.9% during the forecast period. The driving factors for the adsorbents market is the industry growth is backed by the large-scale developments in oil & gas processing and socio-economic advancements such as the increased use of adsorbents in maintaining purity standards in various applications and because of environmental concerns.
Molecular Sieves is the fastest-growing application segment in the Adsorbents market. The growth in this segment is attributed to the growing use of adsorbents in petroleum refining. Molecular sieves are often utilized in the petroleum industry, especially for the purification of gas streams and in the chemistry laboratory for separating compounds and drying materials. There are four main types of molecular sieves: 3A, 4A, 5A, and 13X. The type is dependent on the molecule’s chemical formula, and it determines the pore size of the molecular sieve. It accounted for a share of about 38.56% of the Adsorbents market, in terms of value, in 2020.
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Adsorbents manufacturers are the most important players in the value chain as they produce and provide various types of adsorbents based on their required properties for the specific end-use applications. The end-use applications such as petroleum refining, Chemicals/Petrochemicals, Gas refining, Water treatment, Air Separation & Drying, Packaging and others. This provides additional value to the chain.
Petroleum refining is the largest market of silane coupling agents with a 22.39% share, globally. The Petroleum refining adsorbents are widely used in the dehydration of alkylation feed and in the purification of feedstock to protect isomerization catalysts in refining. These adsorbents remove a wide variety of contaminants effectively and economically from numerous hydrocarbon streams in petroleum refineries through non-regenerative and regenerative adsorbents.
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APAC accounted for the largest share of the Adsorbents market in 2020. The adsorbents market in APAC is driven by the demand from countries such as China, Japan, and India. Rapid industrialization, mainly in emerging economies such as China and India, has been one of the major factors driving the global adsorbents market. Adsorbents are widely used for removing and controlling contaminants from various industrial processes, such as the production of low sulfur fuels. They are extensively used for a wide range of applications, ranging from insulating glass windows to the removal of mercury in large-scale natural gas/crude oil wellheads. Adsorbents are an integral part of any process used in the manufacturing of modern-day specialized products. The market in APAC, owing to high demand, is much more dynamic and competitive than that in the western region. These factors are projected to drive the demand for adsorbents in APAC.
Arkema SA(France), Honeywell International Inc(US), Axens(France), BASF SE (Germany), Cabot Corporation(US), are the leading Adsorbents manufacturers, globally.
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Arkema SA is one of the largest player in the adsorbents market. The company provides 3D printing, adhesives and sealants, automotive and transportation, building and construction, coatings, paints and inks, composites and advanced materials, electronics, and electrical, oil and gas, renewable energies and energy storage, and sport and leisure products. It offers products under various brands such as Sartomer’s N3xtDimension resins, Rilsan, Pebax, Luperox, Kynar, and Sartomer. The company serves the automotive, agriculture, chemicals, consumer goods, construction, electrical, oil, health, and packaging industries. It has operations across APAC, Europe, Africa and the Middle East, and the Americas. The company is headquartered in Colombes, France.
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