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Global Adsorbent Market Outlook to 2023; Expected to Register a CAGR of More Than 6% - ResearchAndMarkets.com

March 22, 2019

DUBLIN--(BUSINESS WIRE)--Mar 22, 2019--The “Global Adsorbent Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The adsorbent market will register a CAGR of over 6% by 2023. The global oil and gas refining industry is one of the key end-users of adsorbents.

The oil and gas and petrochemical industries are growing at a rapid pace. 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. The removal of contaminants is vital in refineries as it prevents the deactivation of downstream petrochemical catalysts and refinery process catalysts. 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.

Growing demand for zeolite-based adsorbents

Zeolite is predominantly used as an adsorbent in the petroleum refining, chemical and petrochemical, and industrial gases sectors. It mainly acts as a molecular sieve due to its unique natural honeycomb structure. This structure helps zeolite adsorb, immobilize, and bind liquids, gases, and solid particles. It is a highly efficient adsorbent method of refining and removing hydrocarbons, ammonia, heavy metal cations, and radioactive cations in industrial environments.

Ineffectiveness of adsorbents in certain applications

Adsorbents are widely known for their effective, economical, and simple processing. However, adsorbents have certain limitations, which are expected to hinder the growth of the market during the forecast period. 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.

Competitive Landscape

The market appears to be fairly fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

  • Arkema
  • BASF SE
  • Clariant
  • Honeywell International Inc.
  • Kuraray Co. Ltd.
  • W. R. Grace & Co.

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Comparison by product
  • Zeolite-based adsorbents - Market size and forecast 2018-2023
  • Activated carbon-based adsorbents - Market size and forecast 2018-2023
  • Silica gel-based adsorbents - Market size and forecast 2018-2023
  • Activated alumina-based adsorbents - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY APPLICATION

  • Comparison by application
  • Process industries - Market size and forecast 2018-2023
  • Water treatment - Market size and forecast 2018-2023
  • Air separation - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by application

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

  • Increasing focus on regeneration and recycling of adsorbents
  • Development of new-generation adsorbents
  • Rising investments in shale industry

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Arkema
  • BASF SE
  • Clariant
  • Honeywell International Inc.
  • Kuraray Co. Ltd.
  • W. R. Grace & Co.

For more information about this report visit https://www.researchandmarkets.com/research/vpdzd5/global_adsorbent?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190322005425/en/

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Related Topics:Chemical Auxiliary Agents

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

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