The adsorbent market share is expected to increase by USD 1.22 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.11%.

This adsorbent market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers adsorbent market segmentations by product (zeolite-based adsorbents, activated carbon-based adsorbents, silica gel-based adsorbents, activated alumina-based adsorbents, and others), application (process industries, water treatment, air separation, and others), and geography (APAC, North America, Europe, South America, APAC, North America, Europe, and South America). The adsorbent market report also offers information on several market vendors, including Arkema SA, BASF SE, Cabot Corp., Clariant International Ltd., Dorf Ketal Chemicals (I) Pvt. Ltd., Honeywell International Inc., Kuraray Co. Ltd., MolsivCN Adsorbent Ltd., W. R. Grace & Co., and Zeolyst International among others.

What will the Adsorbent Market Size be During the Forecast Period?

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Traditionally, the majority of adsorbents have been consumed in refining applications in the process industries will boost the Americas adsorbent market growth in the coming years.

Adsorbent Market: Key Drivers, Trends, and Challenges

The growing importance of wastewater recycling and water reuse is notably driving the adsorbent market growth, although factors such as ineffectiveness of adsorbents in certain applications may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the adsorbent industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Adsorbent Market Driver

Increasing requirement for petroleum refining is the major driver influencing the adsorbent market growth. The global oil and gas refining industry are one of the key end-users of adsorbents. The oil and gas and petrochemical industries are growing at a rapid pace. In the past few years, both of these industries have shown significant growth due to the increasing global population and energy demand. The rapid growth of the oil and gas and petrochemical industries is expected to encourage the growth of the global adsorbent market during the forecast period. Adsorbents are used in petroleum refineries to eliminate contaminants and undesired compounds from several hydrocarbon streams. Adsorbents are effective and economical when it comes to removing contaminants during petroleum refining. Thus, the increasing requirement for petroleum refining and the continuously growing oil refinery capacity are expected to drive the demand for adsorbents during the forecast period.

Key Adsorbent Market Trend

Increasing focus on regeneration and recycling of adsorbents is the major trend influencing the adsorbent market growth. Adsorbents are effective and economical when it comes to removing contaminants during petroleum refining. The removal of contaminants is vital in refineries as it prevents the deactivation of downstream petrochemical catalysts and refinery process catalysts. Hydrogen sulfide, carbonyl sulfide, carbon disulfide, hydrochloric acid, hydrofluoric acid, ammonia, elemental mercury, organic chlorides, arsine, oxygenates, phosphine, organic fluorides, organic sulfur compounds, and other nitrogen-based compounds are some of the key contaminants found in crude oil. These can be removed by the application of adsorbents. Therefore, the increase in the global refining capacity has a direct impact on the demand for adsorbents.The growth in fuel oil and gas demand has led to a simultaneous increase in the global refinery capacity due to the addition of new refineries and the expansion of the existing refinery complexes

Key Adsorbent Market Challenge

The ineffectiveness of adsorbents in certain applications is the major hindrance to the adsorbent market growth. Adsorbents have certain limitations, which are expected to hinder the growth of the market during the forecast period. Some of such limitations include the removal of high-polarity compounds and VOCs. The reduced service life of adsorbents due to the high level of impurities is also expected to have a negative impact on the growth of the market during the forecast period.Adsorbent materials and their limitations. Activated carbon-based adsorbents do not remove all contaminants or impurities present in air or water. They are insensitive to a few chemicals such as sodium nitrates and heavy metals. Activated carbon-based adsorbents also fail to remove some of the pathogenic bacteria and viruses and sometimes act as their breeding ground. Moreover, they cause clogging and the channeling of impurities. Thus, adsorbents should be selected properly based on the contaminants, process chemicals, and the content of waste streams.So, the ineffectiveness of several adsorbents increases operational and manufacturing costs for end-user industries. Such limitations of adsorbents are likely to restrict the growth of the global adsorbent market during the forecast period.

This adsorbent market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorises global adsorbent market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the adsorbent market during the forecast period.

Who are the Major Adsorbent Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Arkema SA
• BASF SE
• Cabot Corp.
• Clariant International Ltd.
• Dorf Ketal Chemicals (I) Pvt. Ltd.
• Honeywell International Inc.
• Kuraray Co. Ltd.
• MolsivCN Adsorbent Ltd.
• W. R. Grace & Co.
• Zeolyst International

This statistical study of the adsorbent market encompasses successful business strategies deployed by the key vendors. The adsorbent market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The adsorbent market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Adsorbent Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the adsorbent market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global specialty chemicals includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Adsorbent Market?

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44% of the market's growth will originate from APAC during the forecast period. China, Japan and Russian Federation are the key markets for adsorbent market in APAC. Market growth in this region will be faster than the growth of the market in regions.

Flourishing end-user industries such as water and wastewater treatment, petroleum refining, and chemicals will facilitate the adsorbent market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

As of April 20, 2021, the total number of COVID-19 cases reported in India was around 15,321,089. From March 2020 to the first half of May 2020, India imposed a nationwide lockdown to prevent the community spread of the disease. Owing to the high mortality rate of COVID-19, various manufacturing industries, including those involved in some segments of specialty chemicals, closed their facilities or halted their operations at their production units in 2020. This impacted the growth of the adsorbent market in the region in 2020 and early 2021. However, operations in various industries gradually restarted with a limited capacity while maintaining social distancing norms, which is expected to stabilize the growth of the market during the forecast period.

What are the Revenue-generating Product Segments in the Adsorbent Market?

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The adsorbent market share growth by the zeolite-based adsorbents segment will be significant during the forecast period. Zeolite is one of the preferred types of adsorbents and is used in a wide range of applications due to its unique properties. In common terms, it is also known as a molecular sieve. High specific surface area and superior adsorption characteristics made molecular sieve as one of the economical and most readily used adsorbents globally.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the adsorbent market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Adsorbent Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive adsorbent market growth during the next five years
• Precise estimation of the adsorbent market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the adsorbent industry across APAC, North America, Europe, South America, APAC, North America, Europe, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of adsorbent market vendors

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