Adsorbents Market Research Report, Share, and Forecast to 2025
Posted by rekha on November 12th, 2019
“The Global Adsorbents Market growing at a significant CAGR over next seven years 2019-2025 due to growing demand for oil and gas across the world”
The global adsorbents market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors fueling the market growth include growing demand for oil and gas across the world, rapid industrialization, increasing awareness for health against pollution and technological advancements in different kinds of adsorbents. However, fluctuation in oil prices is the major factor restricting the market growth.
Global adsorbents market segmented on the basis of type, application, end user and region.
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Activated Alumina Dominate the Global Adsorbents Market
Based on type, global adsorbents market segmented into activated alumina, activated charcoal, activated clay, alumina silica gel, metal oxides, polymer adsorbents, zeolites and others.Activated Alumina held considerable market share during forecast period. Activated alumina is a dry, granular chemical substance produced by de-hydroxylation i.e., the removal of hydroxyl group ion from aluminum hydroxide. This compound is treated as a desiccant, catalyst and used for filtering fluoride, arsenic and selenium in drinking water. Activated alumina has a high surface area to weight ratio due to its extensive pore structure, which is resistant to thermal shock and abrasion, and will not shrink, swell or soften when placed in water.
Asia Pacific Leads the Global Adsorbents market
PBI’s global Adsorbents market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis.Asia Pacific accounted for larger revenue share in global adsorbents market with considerable CAGR. The growth in this region is due to rapidly growing vehicle population and the presence of some of the world’s leading chemical and petrochemical manufacturing industries in APAC are some of the factors driving adsorbent market growth in this region. Also, North America held substantial market growth during estimated period owing to commercial exploitation of shale gas in North America.
Strategic Collaborations are the key strategies adopted by market players
Global Adsorbents market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In May 2019, BASF collaborated with Linde Announce for Natural Gas Processing Technology. This collaboration brings together two leading companies in the fields of adsorbents, adsorption and membrane technology. With the combined capabilities of materials expertise from BASF and engineering expertise from Linde, the two companies are well positioned to expand their global leadership position in natural gas applications.
Key player’s profiles in the report are Arkema S.A (France), Axens S.A (France), BASF SE (Germany), Cabot Corporation (U.S.), Calgon Carbon Corporation (U.S), Clariant (Switzerland), Mitsubishi Chemical Corporation (Japan), The Dow Chemical Company (U.S), W.R Grace and Company (U.S) and Graver Technologies (U.S).
Precision Business Insights (PBI) in its report titled “Global Adsorbents Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Activated Alumina
o Activated Charcoal
o Activated Clay
o Alumina Silica Gel
o Metal Oxides
o Polymer Adsorbents
o Industrial Gas Purification
o Paper/Paper Coatings
o Sulfur Recovery
o Transformer Oils
o Water Purification
o Chemical Removal
By End User
o Air Separation
o Natural Gas
o Nuclear Waste Remediation
o Oil & Gas Refining
o Refrigeration and Air-Conditioning (RAC) Systems
o Volatile Organic Compound (VOC) Removal
o Water Treatment
o North America
o Latin America
o Middle East and Africa (MEA)
For more information: https://www.precisionbusinessinsights.com/market-reports/global-adsorbents-market/
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About the Authorrekha
Joined: July 26th, 2019
Articles Posted: 219
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