Adsorbents are widely used in the end user industries for applications such as drying of industrial gases, petroleum refining, removal of HCI, purification of water, and for purification of oxygen. The global adsorbents market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, North America holds a major share of the global market and is projected to continue leading, owing to the increasing consumption of adsorbents in petroleum refinery, chemical synthesis, petrochemicals, and others. It is estimated that the petroleum refinery segment is set to observe the highest CAGR in the market due to growing and expanding refineries in the region. Moreover, increasing government regulation for treatment of water is also augmenting the market growth.
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Adsorbents are also used in the packaging of electronics and pharmaceuticals owing to its excellent drying capabilities. The increasing imports of petrochemical products mainly by the U.S. coupled with the Shale gas boom has further added to the market growth due to its extensive use of adsorbents in refining of crude oil and natural gas.
The Asia Pacific market is expected to grow at a higher CAGR. This growth is mainly attributed owing to the growing oil and gas exploration by the developing nations to cater to the increasing energy demands. The major countries attributing to this growth are India and China. Moreover, the presence of the largest refinery in world, the Jamnagar refinery, is expected to fuel the market growth during the forecast period. In addition to this, the growing demand for adsorbents in the packaging of electronics and pharmaceuticals due to their excellent adsorbing qualities is also adding to the market growth.
A steady development is achieved in Europe due to the growing demand for the product in pharmaceutical, chemical, oil & gas industries, and others. The government regulation for pollution control is one of the major factors driving the market in the region.
Competitive Analysis:-
Some of the prominent players operating in the Global adsorbents market are
- Arkema S.A (France)
- BASF SE (Germany)
- R Grace and Company (U.S)
- Calgon Carbon Corporation (U.S)
- Axens S.A (France)
- The Dow Chemical Company (U.S)
- Mitsubishi Chemical Corporation (Japan)
- Cabot Corporation (U.S.)
- Clariant (Switzerland)
- R. Grace & Company (U.S.)
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Segmentation:-
The global adsorbents market is segmented into product type, and application. Based on the product type, the market is segregated into molecular sieves, activated carbon, silica gel, activated alumina, clay, and others. The market by the end-user industry is further categorized into petroleum refining, chemicals/petrochemicals, gas refining, water treatment, air separation & drying, packaging, and others.
TABLE OF CONTENTS:-
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
5 Industry Overview Of Global Adsorbents Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
To Be Continue……
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LIST OF FIGURES:-
FIGURE 1 Global Adsorbents Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Adsorbents Market
FIGURE 4 Value Chain Of Global Adsorbents Market
FIGURE 5 Share Of Global Adsorbents Market In 2017, By Country (In %)
FIGURE 6 Global Adsorbents Market, 2017-2023,
To Be Continue……
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