Global Adsorbents Market- Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Type (Molecular Sieves, Activated Carbon, Silica Gel, Activated Alumina, and Others); By Application (Petroleum Refining, Gas Refining, Chemicals/Petrochemicals, Water Treatment, Air Separation & Drying, Packaging, and Others); By Region (North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa)

  • Published Date: October 2021
  • Report ID: BWC21154
  • Available Format: PDF
  • Page: 191

Report Overview

With a growing range of advanced applications, the global adsorbent market is thriving. Innovations in oil & gas processing and socio-economic advancements, including the increasing use of adsorbents in maintaining purity requirements in numerous applications and environmental concerns, are driving the market's growth.

Global Adsorbents Market- Industry Trends & Forecast Report 2027

The global adsorbents market was worth USD 3.9 billion in 2020 and is further projected to reach USD 5.9 billion by 2027, at a CAGR of 6.0 % during the forecast period (2021-2027). The growth of major end-use sectors such as water and air treatment, chemicals, and petrochemicals, mainly in developing economies such as Asia-Pacific, Latin America, and the Middle East, is driving the market growth. Increasing environmental worries about the detrimental effects of wastewater have driven governments worldwide to make the usage of adsorbents mandatory, hich in turn is favoring the growth of the adsorbents market worldwide. The United States and Europe have adopted tight regulatory standards to purify water and air.

According to the Indian Brand Equity Foundation (IBEF), the country's chemical sector is growing between 15 and 20% per year and is expected to reach USD 300 billion by 2025. As a result, the chemical industry's demand for adsorbents is likely to grow in the future years. These factors encourage the widespread use of Adsorbents in the building and infrastructure industries.

Global Adsorbents Market

Source: BlueWeave Consulting

Global Adsorbents Market Overview

Adsorbents are substances that bind to other substances and absorb them. As a result of adhesion, a coating is formed on the surface of adsorbents. These materials remove specific elements from solids, liquids, and gases, causing them to attach to the surface without changing their physical or chemical properties. These adsorbents are typically used in the form of rods, moldings, monolithic and spherical pallets. Exceptional properties such as heat stability and abrasion resistance make adsorbents a great choice for multiple applications, such as petrochemicals, air separation and drying, and water treatment.

Global Adsorbents Market Trend

Growth Drivers

The Rise in Demand for Oxygen Concentrators is Fueling the Market Growth

An oxygen concentrator is a medical device that concentrates oxygen from ambient air. Approximately 78% of atmospheric air is nitrogen, and 21% is oxygen, with the remaining 1% composed of various gases. An oxygen concentrator takes in this air, filters it through a sieve, releases the nitrogen back into the atmosphere, and concentrates the oxygen left. With the rise of COVID-19 cases and a shortage of oxygen cylinders in numerous Indian states, oxygen concentrators are among the most in-demand oxygen therapy devices, particularly patients in home isolation and hospitals running out of oxygen.

Concentrators are portable and do not require a specific temperature, unlike LMO, which must be stored and carried in cryogenic tankers. Unlike cylinders that must be refilled, concentrators require a power source to pull in ambient air. Pressure swing adsorption (PSA) is a technique for isolating specific gas species from a mixture of gases under pressure, based on their molecular properties and affinity for an adsorbent material. This has resulted in a growing demand for adsorbents.

Challenges

Depletion of Raw Materials Pose a Serious Threat to the Market

Coal, bauxite, silicate, zeolite, and clay are the most common raw materials utilized in the production of adsorbents. These mineral resources are naturally available. Excessive extraction and mining of these raw materials is not an option for preserving them. Due to the limited supply of mineral resources, exponential growth and increased consumption are unsustainable. As per data revealed by the U.S. Energy Information Administration, in 2020, the United States produced 535 million short tonnes (MMst), a 24% reduction from the 706 MMst mined in 2019 and the lowest amount of coal production in any country year since 1965. There may be a big challenge for the market for adsorbents due to the depletion of mineral resources.

Impact of COVID-19

The novel coronavirus has negatively impacted the global adsorbents market. Because of the nationwide lockdowns and transportation bans, the construction industry faced several challenges, such as lack of material, shortage of labor, and high-cost components of construction projects. Due to these factors, various adsorbents-producing countries had to stop their production, disrupting supply chains. Thus, as a result of these disruptions, the market for adsorbents declined. On the other hand, the adsorbents market also gained traction due to the increase in demand for oxygen concentrators. Since adsorbents assist in filling oxygen concentrators, its demand grew during the pandemic propelling the market growth.

Global Adsorbents Market: By Application

Based on applications, the global adsorbents market is segmented into petroleum refining, gas refining, chemicals/petrochemicals, water treatment, air separation & drying, packaging, and others. Petroleum Refining is likely to be the fastest-growing segment in the global adsorbents market during the forecast period.  Adsorbents are used extensively in the petrochemical industry. Adsorbents are increasingly utilized in the dehydration and purification of ethane/NGL/propane feed. Water, carbon dioxide, methyl alcohol, other oxygenates, hydrogen sulfide, ammonia, and mercury are all removed from ethylene, propylene, butylene, different solvents, and co-monomers using adsorbents. Thus, the wide application of adsorbents in petroleum refining will create immense opportunities for the market during the forecast period.

 Global Adsorbents Market Share

Source: BlueWeave Consulting

Global Adsorbents Market: Regional Insights

Geographically, the global adsorbents market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. Among all the regions, the Asia-Pacific segment held a significant market share in 2020 and is likely to dominate the segment during the forecast period. The region’s growth is attributable to the extensive increase in India and China's imports and exports to meet their energy needs. Energy-related imports and exports by India and China are a major reason for the region's growth. The petrochemical industry in this region is significantly contributing to the market's expansion.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The global adsorbents market is moderately fragmented due to the presence of numerous domestic and international players. Besides this, the emergence of new entrants has resulted in healthier competition among long-established service providers in the industry. Some key players in the global Adsorbents market are Arkema, Honeywell International Inc., Axens, Basf SE, Cabot Corporation, Clariant AG, W. R. Grace & Co.-Conn, Calgon Carbon Corporation, Zeochem, Jalon, Porocel, Zeolyst International, Haycarb Plc, Fuji Silysia Chemical, Ltd., AGC Chemicals Americas, Interra Global and other prominent players.

 

Recent Developments

In January 2020, Altus Midstream installed Honeywell UOP's Ortloff SRX technology at its Diamond Central cryogenic gas processing complex, marking the first global use of the innovative technology to recover valuable natural gas liquids (NGLs) from input gas, according to Honeywell. · The facility in Reeves County, Texas, opened in May 2019 and can currently handle up to 600 million standard cubic feet of natural gas per day.

 

  • In June 2021, W. R. Grace & Co. announced the completion of its acquisition of the Fine Chemistry Services business of Albemarle Corporation for approximately USD 570 million, including USD 300 million paid in cash and USD 270 million funded through the issuance to Albemarle of non-participating preferred equity of a newly created Grace subsidiary.

Scope of the Report

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, France, Germany, United Kingdom, Rest of the Europe, Japan, China, India, New Zealand, Australia, Rest of the APAC, Brazil, Mexico, Rest of the Latin America, South Africa, Saudi Arabia, UAE, and Rest of MEA.

Product/Service Segmentation

By Type,  By Application, and By Region

Key Players

Key Players for the market are Arkema, Honeywell International Inc., Axens, Basf SE, Cabot Corporation, Clariant AG, W. R. Grace & Co.-Conn, Calgon Carbon Corporation, Zeochem, Jalon, Porocel, Zeolyst International, Haycarb Plc, Fuji Silysia Chemical, Ltd., AGC Chemicals Americas, Interra Global and other prominent players.

 

  • By Type
        • Molecular Sieves
        • Activated Carbon
        • Silica Gel
        • Activated Alumina
        • Others
  • By Application
        • Petroleum Refining
        • Gas Refining
        • Chemicals/Petrochemicals
        • Water Treatment
        • Air Separation & Drying
        • Packaging
        • Others
  •  By Region
        • North America
        • Europe
        • The Asia-Pacific
        • Latin America
        • The Middle East and Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Primary & Secondary Research Application
      2. Secondary Research
      3. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Adsorbents Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Recent Development/Technological Advancements
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Application of Suppliers
      2. Bargaining Application of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Adsorbents Market Overview
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)        
    2. Market Share & Forecast
      1. By Type
        1. Molecular Sieves
        2. Activated Carbon
        3. Silica Gel
        4. Activated Alumina
        5. Others
      2. By Application
        1. Petroleum Refining
        2. Gas Refining
        3. Chemicals/Petrochemicals
        4. Water Treatment
        5. Air Separation & Drying
        6. Packaging
        7. Others
      3.  By Region
        1. North America
        2. Europe
        3. The Asia-Pacific
        4. Latin America
        5. The Middle East and Africa
  6. North America Adsorbents Market  
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. United States
        2. Canada
  7. Europe Adsorbents Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. France
        2. Germany
        3. United Kingdom
        4. Rest of Europe
  8. Asia-Pacific Adsorbents Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Japan
        2. China
        3. India
        4. New Zealand
        5. Australia
        6. Rest of APAC
  9. Latin America Adsorbents Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  10. Middle East & Africa Adsorbents Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. South Africa
        2. Saudi Arabia
        3. UAE
        4. Rest of MEA
  11. Competitive Landscape
    1. Company Market Share Analysis, 2020
    2. Competitive Benchmarking, By Product Offerings
    3. List of Key Players and their Offerings
  12. Impact of COVID-19 across Industry
  13. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Arkema
    2. Honeywell International Inc.
    3. Axens
    4. Basf Se
    5. Cabot Corporation
    6. Clariant Ag
    7. W. R. Grace & Co.-Conn
    8. Calgon Carbon Corporation
    9. Zeochem
    10. Jalon
    11. Porocel
    12. Zeolyst International
    13. Haycarb Plc
    14. Fuji Silysia Chemical, Ltd.
    15. Agc Chemicals Americas
    16. Interra Global
    17. Other Prominent Players
  14. Key Strategic Recommendations

 

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable.

 

List of Figures

 

Fig 1: Global Adsorbents Segmentation

Fig 2: Global Adsorbents Market Value Chain Analysis

Fig 3: Company Market Share Analysis, 2020

Fig 4: Global Adsorbents Market Size, By Value (USD Billion), 2017-2027

Fig 5: Global Adsorbents Market Share, By Type, By Value, 2017-2027

Fig 6: Global Adsorbents Market Share, By Application, By Value, 2017-2027

Fig 7: Global Adsorbents Market Share, By Region, By Value, 2017-2027

Fig 8: North America Adsorbents Market Size, By Value (USD Billion), 2017-2027

Fig 9: North America Adsorbents Market Share, By Type, By Value, 2017-2027

Fig 10: North America Adsorbents Market Share, By Application, By Value, 2017-2027

Fig 11: North America Adsorbents Market Share, By Country, By Value, 2017-2027

Fig 12: Europe Adsorbents Market Size, By Value (USD Billion), 2017-2027

Fig 13: Europe Adsorbents Market Share, By Type, By Value, 2017-2027

Fig 14: Europe Adsorbents Market Share, By Application, By Value, 2017-2027

Fig 15: Europe Adsorbents Market Share, By Country, By Value, 2017-2027

Fig 16: the Asia-Pacific Adsorbents Market Size, By Value (USD Billion), 2017-2027

Fig 17: the Asia-Pacific Adsorbents Market Share, By Type, By Value, 2017-2027

Fig 18: the Asia-Pacific Adsorbents Market Share, By Application, By Value, 2017-2027

Fig 19: the Asia-Pacific Adsorbents Market Share, By Country, By Value, 2017-2027

Fig 20: Latin America Adsorbents Market Size, By Value (USD Billion), 2017-2027

Fig 21: Latin America Adsorbents Market Share, By Type, By Value, 2017-2027

Fig 22: Latin America Adsorbents Market Share, By Application, By Value, 2017-2027

Fig 23: Latin America Adsorbents Market Share, By Country, By Value, 2017-2027

Fig 24: the Middle East & Africa Adsorbents Market Size, By Value (USD Billion), 2017-2027

Fig 25: the Middle East & Africa Adsorbents Market Share, By Type, By Value, 2017-2027

Fig 26: the Middle East & Africa Adsorbents Market Share, By Application, By Value, 2017-2027

Fig 27: the Middle East & Africa Adsorbents Market Share, By Country, By Value, 2017-2027

 

List of Tables

 

Table 1: Global Adsorbents Size, By Form, By Value, 2017-2027

Table 2: Global Adsorbents Market Size, By Type, By Value, 2017-2027

Table 3: Global Adsorbents Market Size, By Application, By Value, 2017-2027

Table 4: Global Adsorbents Market Size, By Region, By Value, 2017-2027

Table 5: North America Adsorbents Market Size, By Type, By Value, 2017-2027

Table 6: North America Adsorbents Market Size, By Application, By Value, 2017-2027

Table 7: North America Adsorbents Market Size, By Country, By Value, 2017-2027

Table 8: Europe Adsorbents Market Size, By Type, By Value, 2017-2027

Table 9: Europe Adsorbents Market Size, By Application, By Value, 2017-2027

Table 10: Europe Adsorbents Market Size, By Country, By Value, 2017-2027

Table 11: the Asia-Pacific Adsorbents Market Size, By Type, By Value, 2017-2027

Table 12: the Asia-Pacific Adsorbents Market Size, By Application, By Value, 2017-2027

Table 13: the Asia-Pacific Adsorbents Market Size, By Country, By Value, 2017-2027

Table 14: Latin America Adsorbents Market Size, By Type, By Value, 2017-2027

Table 15: Latin America Adsorbents Market Size, By Application, By Value, 2017-2027

Table 16: Latin America Adsorbents Market Size, By Country, By Value, 2017-2027

Table 17: the Middle East & Africa Adsorbents Market Size, By Type, By Value, 2017-2027

Table 18: the Middle East & Africa Adsorbents Market Size, By Application, By Value, 2017-2027

Table 19: the Middle East & Africa Adsorbents Market Size, By Country, By Value, 2017-2027

Table 20: Arkema Business Overview

Table 21: Arkema Financial Analysis

Table 22: Honeywell International Inc. Business Overview

Table 23: Honeywell International Inc. Financial Analysis

Table 24: Axens Business Overview

Table 25: Axens Financial Analysis

Table 26: Basf SE Business Overview

Table 27: Basf SE Financial Analysis

Table 28: Cabot Corporation Business Overview

Table 29: Cabot Corporation Financial Analysis

Table 30: Clariant AG Business Overview

Table 31: Clariant AG Financial Analysis

Table 32: W. R. Grace & Co.-Conn Business Overview

Table 33: W. R. Grace & Co.-Conn Financial Analysis

Table 34: Calgon Carbon Corporation Business Overview

Table 35: Calgon Carbon Corporation Financial Analysis

Table 36: Zeochem Business Overview

Table 37: Zeochem Financial Analysis

Table 38: Jalon Business Overview

Table 39: Jalon Financial Analysis

Table 40: Porocel Business Overview

Table 41: Porocel Financial Analysis

Table 42: Zeolyst International Business Overview

Table 43: Zeolyst International Financial Analysis

Table 44: Haycarb Plc Business Overview

Table 45: Haycarb Plc Financial Analysis

Table 46: Fuji Silysia Chemical, Ltd. Business Overview

Table 47: Fuji Silysia Chemical, Ltd. Financial Analysis

Table 48: AGC Chemicals Americas Business Overview

Table 49: AGC Chemicals Americas Financial Analysis

Table 50: Interra Global Business Overview

Table 51: Interra Global Financial Analysis

 

Market Segmentation

  • By Type
        • Molecular Sieves
        • Activated Carbon
        • Silica Gel
        • Activated Alumina
        • Others
  • By Application
        • Petroleum Refining
        • Gas Refining
        • Chemicals/Petrochemicals
        • Water Treatment
        • Air Separation & Drying
        • Packaging
        • Others
  •  By Region
        • North America
        • Europe
        • The Asia-Pacific
        • Latin America
        • The Middle East and Africa
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Frequently Asked Questions:

Ans: The global adsorbents market reached USD 3.9 billion in 2020.
Ans: The growth of major end-use sectors, such as water and air treatment, chemicals, and petrochemicals, mostly in rising economies such as Asia-Pacific, Latin America, and the Middle East, is driving the global adsorbent market.
Ans: The key players in the global adsorbents market are Arkema, Honeywell International Inc., Axens, Basf SE, Cabot Corporation, Clariant AG, W. R. Grace & Co.-Conn, Calgon Carbon Corporation, Zeochem, Jalon, Porocel, Zeolyst International, Haycarb Plc, Fuji Silysia Chemical, Ltd., AGC Chemicals Americas, Interra Global and other prominent players.
Ans: Based on type, molecular sieves segment ia the fastest-growing segment in the global adsorbents market.
Ans: The Asia-Pacific has accounted for the largest market share in the global adsorbents market.