According to the report “Adsorbents Market: By Type (Activated Alumina, Activated Charcoal, Others) By Application (Petroleum Refining, Petrochemicals, Nuclear Waste Remediation, Water Treatment and Others) and By Region – Forecast to 2022”, published by IndustryARC, estimates the market to reach $5466 Million by 2022.
Browse 49 Market Tables, 32 Figures spread through 127 Pages and an in-depth TOC on “Global Adsorbents Market”
Adsorbent is a substrate which has the ability to extract certain elements from solids, liquids or gases by adhering with the particles on its surface without changing their physical properties. This process involves formation of either a single layer or multi-layer adsorbate on the surface of the adsorbent. The adsorption can be single layers or multilayers. Adsorbents have several properties such as high abrasion resistance, high thermal stability and small pore diameters, which leads to higher exposed surface area hence, high surface capacity for adsorption. The adsorbents also have a distinct structure which permits fast transport of targeted molecules.
Adsorbents have a wide range of application such as Refrigeration and Air-Conditioning (RAC) systems, industrial waste water treatment and others for water purification, gas separation, drying gases and refrigerant gases, deodorization of gases and so on, adsorbents market is set to grow at a considerable pace in the coming years.
Adsorbent is a material, which is capable to adsorb other substance. These are available naturally and can be artificially synthesized. Major adsorbents that are used are activated alumina, activated charcoal, activated coal, alumina silica gel, metal oxides, molecular sieves, polymer adsorbents, zeolites and others. Of all the types, zeolites are majorly used, and it is a naturally occurred adsorbent that slightly processed for the commercial applications.
Adsorbents market is less susceptible to the threat of substitution, although there are high chances that there might be a future demand for green and non-conventional adsorbents, which already has some market presence, but this demand does not affect the current market.
Asia-Pacific (APAC) region was the leading market with $1324.8 million revenue in 2016, projected to rise at a higher CAGR of 7.7% for the forecast period 2017-2022.
The Prominent Players in this Market Include
- Arkema S.A
- BASF SE
- W.R Grace and Company
- Calgon Carbon Corporation
- Axens S.A
These companies through its broad range of products, product expansion and innovation have been successful in catering to a variety of customers, consequently maintaining their hold over the market.