Adsorbents Market Global Industry Analysis, Size, Share and Forecast -2023

11/ott/2019 12:21:34 Tejas Amale Contatta l'autore

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Adsorbents Market - Scenario

The molecular sieves product is the leading type in the market for the development of the market. Moreover, its use in the non-cryogenic oxygen production plants for the production of high purity oxygen is contributing to the growth of the segment. The petroleum refinery is the leading application for the production of food and agriculture.

Adsorbents are used in various processes such as drying of natural gas, crude oil, air separation, and water treatment among others. The global adsorbents market has been driven by a wide range of applications such as petroleum refinery, chemical synthesis, petrochemicals, and others. Moreover, it is estimated that the petroleum refinery is the highest growth in the market for its extensive use in the purification of crude and natural gas. The increasing awareness about the pollution

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Competitive Analysis

Some of the prominent players operating in the Global adsorbents market are Arkema SA (France), BASF SE (Germany), WR Grace and Company (US), Calgon Carbon Corporation (US), Axens SA (France), The Dow Chemical Company ( US), Mitsubishi Chemical Corporation (Japan) Cabot Corporation (US), Clariant (Switzerland), and WR Grace & Company (US), among others.

Market Segmentation

The global adsorbents market is segmented into product type and application. On the basis of product type, the market is segregated into molecular sieves, activated carbon, silica gel, activated alumina, clay, and others. The market by end-user industry is further categorized into petroleum refining, chemicals / petrochemicals, gas refining, water treatment, air separation & drying, packaging, and others.

Regional Analysis

The Global Adsorbents Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, North America holds a major share in the development of petroleum and petrochemical industry. The upstream activities has augmented the need for adsorbents in the region. Moreover, the shale gas boom has added to the growth of the market. The major countries are the US and Canada. Asia Pacific is expected to be the fastest growing market for growing products. Moreover, the growing pharmaceutical and the use of adsorbents in the packaging of electronics and biomedical products Europe is expected to show significant growth during the forecast period. The developed pharmaceutical and healthcare industry is contributing to the market growth. Moreover, the strict regulation by the European Union for the reduction of pollution The Middle East is expected to show steady growth owing to their huge upstream oil and gas industry.

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