Adsorbents Market By Product Type (Activated Alumina, Activated Carbon, Molecular Sieve, Clay, Silica Gel, Polymeric Adsorbent), Applications (Petroleum & Petrochemicals, Chemicals, Water Treatment, Air Separation & Drying, Pharmaceuticals, Food Processing), and Region for 2022 – 2028
Adsorbents Market - Analysis, Outlook, Growth, Trends, Forecasts
- December 2021
- 252 pages
- Chemicals & Materials
Adsorbents Market Outlook – 2022-2028
[252 pages Report] The global adsorbents market is slated to total US$ 5.2 Bn in 2022. Growing adoption of adsorbents in diverse industries such as water treatment, oil & gas, food processing, and air separation in pharmaceuticals is expected to boost the market.
Adsorbents Market Estimated Size 2022
US$ 5.2 Bn
Adsorbents Market Value-based CAGR (2022-2028)
Adsorbents Market Projected Size in 2028
US$ 6.7 Bn
Besides this, increasing demand for advanced techniques to derive quality liquid fuels cost-effectively is encouraging product development in the market, thereby creating a conducive environment for the growth.
Against this backdrop, sales of adsorbents are projected to increase at a steady 4.4% CAGR over the forecast period, pushing the market valuation to US$ 6.7 Bn in 2028.
How Does Adsorbents Market Outlook in 2022-2028 Compare to Growth Registered in 2017-2021?
Demand for adsorbents is projected to grow at a 4.4% CAGR, driven by growing demand for sustainable petroleum refining products in the energy generation sectors. These products are used in the dehydration process to remove the water content from crude oil and natural gas.
During this process, molecular sieves are used as adsorbents. Manufacturers are striving to achieve higher purity in fuels and gases, which is driving sales in the market. Expansion of the petroleum and oil & gas sector is expected to bode well for the market over the forecast period.
Besides this, growing emphasis on the maintenance of the quality of products in the pharmaceutical sector is expected to spur demand in the market. These products are used in processes such as drying and deodorization of air-synthesis products and instruments.
Adsorbents also are being widely adopted in the food industry due to the increasing usage of chromatography that uses silica gel adsorbents. Ongoing research and development for the usage of silica gel in column chromatography for research linked with biopharmaceuticals are expected to continue boosting sales.
In addition to this, adsorbent market players are increasing their focus on the protection of products from moisture to prevent contamination, which is propelling sales of silica gel. Apart from the food, and pharmaceutical sectors, the adoption of desiccants is rising in the electronics sector, which is expected to continue augmenting the growth of the market over the assessment period.
How Will the Growing Adoption of Desulfurization Technology Impact Adsorbents Sales?
Growing demand for distillate fuels, coupled with lower supplies of light and easy-to-process crude is compelling refineries to produce heavier stocks. The production of bulkier stocks is releases higher nitrogen and sulfur content, which causes serious environmental pollution.
In many countries, governments have issued stringed regulations regarding the emission of harmful greenhouse gases, encouraging manufacturers to adopt sustainable and environment-friendly processes. This is resulting in higher adoption of dehydrogenization and desulfurization in the petroleum and oil & gas sectors.
These processes are conventional and use hydrotreating catalysts that remove organic sulfur/nitrogen compounds for liquid fuels. They require high temperatures, pressure, and hydrogen consumption. Currently available processes effectively remove sulfur compounds but are unable to remove refractories present in liquid fuels.
To counter these issues, adsorbent materials are used to remove both sulfur and nitrogen at room temperature and atmospheric pressure, without using hydrogen. This technique enables manufacturers to produce qualified liquid fuels in a cost-effective and sustainable manner. Backed by this, sales of adsorbents are projected to witness an upward trajectory over the assessment period.
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Adsorbents Market - Country-wise Insights
What Will be the U.S. Adsorbents Market Demand Outlook?
As per FMI, sales in the U.S. market are projected to increase at a 4.9% CAGR over the forecast period. Across North America, total sales are forecast to account for 24% of the total market share in 2022.
Increasing adoption of adsorbents in the pharmaceutical and food & beverage sectors is expected to continue boosting sales in the U.S. market. The presence of leading CPG manufacturers and robust foodservice, packaged food, pharmaceutical, and biopharmaceutical sectors are anticipated to bode well for the growth of the market.
In addition to this, the growing demand for cleaner fuel to improve fuel efficiency and reduce engine malfunction in the automotive sector will continue propelling sales in the U.S. over the assessment period.
What Makes the China Adsorbents Market Attractive?
China is expected to dominate the East Asia adsorbents market, with sales growing at a steady 5.2% CAGR over the forecast period. As per FMI, Asia Pacific will emerge as the most lucrative region, commanding 26.1% of the total market share in 2022.
Growing demand for adsorbent materials for water treatment is expected to boost the market. Effective removal of contaminants, especially in industrial wastewater is a major challenge which further propels the adverse effects of water pollution.
Among the numerous techniques available, adsorption using solid materials such as activated carbon is being widely adopted in the industrial sector in China. Stringent regulations in the country regarding contamination of lakes, rivers, and other water bodies in China are expected to boost the adoption of active carbons, thereby boosting the overall sales over the forecast period.
How Will the India Adsorbents Market Fare?
As per the study, sales in India are expected to increase at a healthy 7.9% CAGR over the assessment period. Increasing government-backed investments in the expansion of the healthcare and pharmaceutical sectors in India are expected to boost the market in the forthcoming years.
The shortage of oxygen cylinders across several states during the second wave of the COVID-19 pandemic has propelled the demand for oxygen concentrators. These devices are considered highly sought after for patients in home isolation and hospitals.
These concentrators are portable, do not require a special temperature and transportation environment, making them easy to use and available. Adsorbents are used in these devices to separate some types of gases from a mixture of different gases present in the atmosphere. Increasing adoption of oxygen concentrators in the healthcare sector is expected to fuel sales in India over the assessment period.
Adsorbents Market - Category-wise Insights
Why are Molecular Sieves Considered Highly Sought-after?
Based on product type, demand for molecular sieves is anticipated to account for 43.2% of the total market share in 2022. Molecular sieves are synthetic zeolite materials that are engineered with pores of uniform size and structure, which allows them to adsorb gases and liquids according to their polarity and molecular size.
These products are actively used in the petroleum and petrochemicals sector to dry ethanol. The process enables manufacturers to achieve approximately 96% of ethanol, leaving only 4% of water. To achieve a higher level of purity, manufacturers are launching 3A molecular sieves to exclude larger ethanol molecules. Such developments are expected to continue boosting the market in the forthcoming years.
Why is the Demand in Petroleum & Petrochemical Sector High?
In terms of applications, sales in the petroleum & petrochemicals segment are forecast to gain traction at a considerable pace over the forecast period. In petroleum refining, the adsorption process is used to remove HCI, H2S, and water from reformer streams, and oxygenates from etherification raffinate streams and alkylation feed.
In addition to this, these products are used in desulfurization and dehydration of LPG streams, naphtha, and diesel oil, removing nitriles from etherification feed, and dehydration of alkylation feed and refinery gas streams before cryogenic separation. Owing to these factors, demand in this segment is projected to remain high over the assessment period.
Adsorbents Market Competition Landscape
Leading players operating in the global adsorbents market are investing in mergers, acquisitions, and collaborations to strengthen their global presence. In addition to this, players are aiming at production facility expansions and diversification of product portfolios to gain a competitive edge in the market. For instance:
- In June 2021, Honeywell announced that it has partnered with the Indian Government's Defense Research Development Organization (DRDO) and the Council of Industrial Research- Indian Institute of Petroleum (CSIR-IIP) to increase oxygen production. The company aims to redirect the supply of adsorbents to accelerate the establishment of medical oxygen plants.
Scope of Report
Historical Data Available for
Units for Volume and US$ Mn for Value
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA
Key Countries Covered
United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others.
Key Market Segments Covered
Product Type, Applications, and Region
Key Companies Profiled
Available upon Request
Adsorbents Market by Category
- Activated Alumina
- Activated Carbon
- Molecular Sieve
- Silica Gel
- Polymeric Adsorbent
- Petroleum & Petrochemical
- Water Treatment
- Air Separation & Drying
- Food Processing
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa