Adsorbent Market is expected USD 6.59 billion by 2029

Market Analysis and Size Over the last few years, there has been growing demand of adsorbent from water purification plants. Furthermore, the increasing number of shale oil reserves has resulted in increased demand for adsorbent among oil producers, as has the presence of prominent players operating globally. These determinants have immensely accelerated the pace of market growth and expansion, which will continue to aid market growth over the forecast period. Global Adsorbent Market was valued at USD 4.13 billion in 2021 and is expected to reach USD 6.59 billion by 2029, registering a CAGR of 6.00% during the forecast period of 2022-2029. The "molecular sieves" accounts for the largest type segment in the adsorbent market owing to its increased utilization in petroleum refining. Market Definition Adsorbents are substances that can extract specific elements from solids, liquids, and gases while retaining their physical properties. They form layers through the adhesion process and are primarily used in the form of rods, monoliths, and molding, among other things. Adsorbents have a variety of properties, including high abrasion resistance, high surface capacity, high thermal stability, and others, making them suitable for use in a variety of petrochemical industries, air separation and drying industries, water treatment industries, and others. Recent Development In September 2021, Shell and BASF announced plans to collaborate to accelerate the transition to a zero-emissions world. The two companies investigated, de-risked, and deployed BASF's Sorbead Adsorption Technology for pre- and post-combustion applications in Carbon Capture & Storage as part of their collaboration. Shell employs Sorbead Adsorption Technology to dehydrate CO2 gas captured by one of Shell's carbon capture technologies, such as ADIP Ultra or CANSOLV. Some of the major players operating in the adsorbent market are Arkema (France) BASF SE (Germany) Honeywell International Inc., (U.S.) W.R Grace and Company (U.S) Calgon Carbon Corporation (U.S) Axens (France) Halliburton (U.S.) Exterran Corporation (U.S.) Chevron Phillips Chemical Company LLC (U.S.) Clariant (Switzerland) Dow (U.S) Mitsubishi Chemical Corporation (Japan) Cabot Corporation (U.S.) Graver Technologies (U.S.) WestRock Company (U.S.) Ashland Inc (U.S.) Mapei S.p.A (Italy) Clariant AG (Switzerland) Get Full Access of reports @https://www.databridgemarketresearch.com/reports/global-adsorbent-market Adsorbent Market Regional Analysis/Insights The adsorbent market is analyzed and market size insights and trends are provided by country, type and application as referenced above. The countries covered in the adsorbent market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. North America dominates the Adsorbent market because of the large market share of U.S. in the availability of petrochemicals along with rising exploration activities of crude oil and natural gas within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increasing number of population along with growing packaging, food as well as pharmaceutical industry within the region. The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.    Global Adsorbent Market Scope The adsorbent market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications. Type Molecular Sieves Activated Carbon Silica Gels Activated Alumina Clay Others Application Petroleum Refining Gas Refining Chemicals/Petrochemicals Water Treatment Air Separation and Drying Packaging Others Grab a sample copy of the report here: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-adsorbent-market Adsorbent Market Dynamics This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below: Drivers Growing Applications due to Beneficial Properties The increasing applications from various industry verticals is expected to carve a way for the growth of the market during the forecast period. Moreover, the adsorbents possess various advantageous properties such as the high abrasion resistance, high surface capacity, high thermal stability, and others, making them suitable for use in a variety of petrochemical industries, air separation and drying industries, water treatment industries, and others which are also projected to bolster the growth of the market. Another factor expected to support the growth of the global adsorbent market is the increasing demand for polymeric adsorbents from the pharmaceutical industry for the removal of antibiotics, peptides, proteins, and other compounds. The surging demand for adsorbent from developed and developing countries for water treatment will further boost the growth rate of adsorbent market. Additionally, the rising demand for activated carbon will also drive market value growth. Opportunities Adoption, Investments and Regulations Furthermore, the adoption of efficient separation method in petrochemical refineries coupled with the surging investment for development of cost effective products extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing number of environmental regulations as well as concern will further expand the future growth of the adsorbent market. MAJOR TOC OF THE REPORT Chapter One: Introduction Chapter Two: Market Segmentation Chapter Three: Market Overview Chapter Four: Executive Summary Chapter Five: Premium Insights And More.... 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