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The desiccant and adsorbent market share is expected to increase by 3971.5 thousand tons from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.41%.
This desiccant and 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 desiccant and adsorbent market segmentation by product (activated carbon, silica gel, ceramic balls, and others) and geography (APAC, the Middle East and Africa, North America, Europe, and South America). The desiccant and adsorbent market report also offers information on several market vendors, including Almatis BV, Axens, BASF SE, Calgon Carbon Corp., CPH Chemie, Papier Holding AG, CWK Chemiewerk Bad Kostritz GmbH, Fuji Silysia Chemical Ltd., Global Adsorbents Pvt. Ltd., Guangdong Xintao Technology Co. Ltd., Hengye Inc., Honeywell International Inc., KNT Group, Merck KGaA, Osaka Gas Chemicals Co. Ltd., Shanghai Jiuzhou Chemicals Co. Ltd, Standard Industries Inc., XINTAO Network Studio, Zeolites and Allied Products Pvt. Ltd., Zhongbao molecular sieve Co. Ltd, and ZR Catalyst Co. LTD. among others.
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The increase in demand for oxygen concentrators is notably driving the desiccant and adsorbent market growth, although factors such as reduced service life due to a high level of impurities may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the desiccant and adsorbent industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.
Key Desiccant And Adsorbent Market Driver
The increase in demand for oxygen concentrators is one of the major drives impacting the desiccant and adsorbent market growth. Contrary to liquid medical oxygen (LMO), which must be stored and transported in cryogenic tankers, concentrators are portable and do not require a certain temperature. Concentrators just need a power supply to draw in ambient air, unlike cylinders which need to be filled with fresh air. According to the species' molecular properties and affinity for an adsorbent material, pressure swing adsorption (PSA), a method, is used to select some gas species from a mixture of gases under pressure. The need for adsorbents has been stimulated by this. Oxygen concentrators are among the most in-demand oxygen therapy equipment, particularly among patients receiving oxygen therapy at home and in hospitals that are running low on oxygen and the lack of oxygen cylinders in certain Indian states. Hence, increased demand for oxygen concentrators contributes to the growth of the global desiccant and adsorbent market during the forecast period.
Key Desiccant And Adsorbent Market Trend
Denitrogenating/desulfurization technology is one of the major trends influencing the desiccant and adsorbent market growth. The refractory sulfur compounds found in liquid fuels cannot be removed by the current hydro-desulfurization technique because they are difficult to remove. In addition, nitrogen compounds compete with sulfur compounds for the active sites of catalysts in the conventional process even though they are unregulated. Therefore, it is best to get rid of as many nitrogen compounds as possible. At ambient temperatures and atmospheric pressure, the desiccant and adsorbent material is designed to selectively extract nitrogen and sulfur compounds without the use of hydrogen. Refineries will be able to generate certified liquid fuels affordably by this method. During the forecast period, this technology may represent significant turning opportunities in the global desiccant and adsorbent market.
Key Desiccant And Adsorbent Market Challenge
Reduced service life due to a high level of impurities is one of the major challenges impeding the desiccant and adsorbent market growth. The capacity of desiccant and adsorbent materials to attract molecules to their surfaces is constrained. Once the capacity has been reached, additional refinement and purification will generate an equilibrium that will result in desorption. For the adsorption of various contaminants and impurities, such as (CO2 or hydrogen sulfide(H2S)), mercaptans, manufacturing chemicals, and hydrate inhibitors, adsorbents are utilized in refinement and purification processes. At this point, the adsorbent is renewed due to a reaction between the current contaminants and adsorbents. The demand for desiccants and absorbents globally as a whole is constrained by the fact that the service life of desiccants and adsorbents is dependent on the material potential for regeneration which might hamper the market growth during the forecast period.
This desiccant and 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 2022-2026.
Technavio categorizes the global desiccant and adsorbent market as a part of the global diversified metals and mining 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 desiccant and adsorbent market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the desiccant and adsorbent market encompasses successful business strategies deployed by the key vendors. The desiccant and adsorbent market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the 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 desiccant and adsorbent market forecast report offer in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the desiccant and 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.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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