An Incisive, In-depth Analysis on the Adsorbents Market
This study offers a comprehensive, 360 degree analysis on the Adsorbents market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Adsorbents market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global adsorbents market is finding its way to progression, with an increase in the scope of application
With the increase in the application of adsorbents, the market is expected to witness steady growth in the coming years. Some of the applications of adsorbents include petrochemicals, chemical, water treatment, food processing, air separation & drying, pharmaceutical and others. Every area of application of adsorbents in the market can help people in different ways. In the gas industry, the process of adsorption is used for drying of industrial gases such as catalytic reforming recycle gas, steam cracked gas, LNG, methyl chloride, synthesis gas etc., in purification of liquids and gases. In water plants, it is used for removal of arsenic and fluoride from water, in water DE fluoridation process etc. In the most lucrative application segment, i.e. petroleum refining, the adsorption process is used for removal of HCl, H2S and water from reformer streams, nitriles from etherification feed, oxygenates from etherification raffinate streams and alkylation feed, desulfurisation and dehydration of LPG streams, Dehydration of alkylation feed, refinery gas streams prior to cryogenic separation, naphtha and diesel oil, separation of normal paraffins from cyclic compounds and branched chain etc.
According to the research report, among all the major application areas, the petroleum and petrochemicals segment leads with an expected market size of over US$ 2,000 Mn by the end of 2027. However another application area arising as a tough competitor for petrochemicals is food processing, which is expected to register the highest growth rate of 5.5% during the forecast period.
The global adsorbents market likely to experience growing demand and opportunities from industries like petroleum, pharmaceuticals, and food
Over the past years, the rise in demand for petroleum products has marked the growth of petroleum refining. The first step after exploration of crude oil as well as natural gas is the removal of water content i.e. dehydration. During dehydration, molecular sieves are predominantly used as adsorbents. A rise in the production of crude oil & natural gas is expected to drive the adsorbents market over the forecast period. In the pharmaceuticals industry, the maintenance of the quality of products has resulted in more attention being given to manufacturing processes. Pharmaceutical manufacturers are placing more emphasis to quality checking, which involves adsorbents in processes such as instrument drying, drying of air-synthesis products and deodorisation. Even the food industry has witnessed the need for adsorbents. That is mainly due to the use of chromatography that uses silica gel adsorbent. The usage of silica gel in column chromatography for research activities linked with pharmaceuticals and biopharmaceuticals has improved during the past few years.
Asia Pacific – currently the dominating region in the global adsorbents market – is helped by the packaging industry
All the small and major companies are attentive towards their logistics. Most of the industries want to ensure the safety of their products. In order to protect their products from moisture, manufacturers use desiccants such as silica gel. Additionally, apart from pharmaceuticals and food, the electronics industry can also be considered as an emerging market for desiccants. The number of electronic enterprises are increasing rapidly in some countries such as China, Japan, South Korea,
Taiwan, etc. and therefore, the demand for desiccants for the packaging of electronic devices is increasing. This is expected to boost revenue growth of the global adsorbents market in the coming years.
An effective research methodology that helps get the most out of the data collected
The research report on the global adsorbents market gives a clear overview of the market including the prevalent trends during the forecast period 2017-2027. It is a systematic presentation of the market research which includes introduction, market size, dynamics, segmentation, pricing analysis and extensive competitive analysis of the market. To get the accurate results, our team of expert analysts have conducted exhaustive research that includes primary research, secondary research and data crunching. They have followed a trusted research methodology that begins with an in-depth secondary research, which helps arrive at the overall market size, top industry players, top products and industry associations. With the help of this data, the next step is the formulation of a discussion guide that will be used for interviewing industry experts. Once these interviews take place, the details shared by the experts add a great value to the research process and also help obtain key insights on the market. The data is also collected from many sources such as company websites, company annual reports, white papers, financial reports etc. This is followed by a validation of the data collected using the triangulation method in which primary, secondary and our independent analysis contribute to the final data.
The overall structure of the report has been designed in a way that it makes understanding of a huge market much simpler. The report structure places the analysis summary in the beginning of the report, so that the reader gets an idea about what is likely to be briefed in this report. After the market summary, the report provides the readers with an introduction of the market that gives information about the market, its products, applications etc. The introduction is followed by a segmentation of the market on the basis of various parameters. The segmentation bifurcates the market methodically, which helps in simplifying the study and analysis of the market.
Competitive analysis of the market is another section that holds a great value. It provides detailed profiles of all the major players in the industry along with their current and future market strategies. These profiles can help the major players in the industry to understand their competitors and their strategies. It can also help the new entrants in the market to know their position and move towards growth effectively. Competitive analysis is very important in the market research as understanding the key players in the market and their role in the competitive landscape is necessary for existing as well as new companies. It also consists of SWOT analysis for each key player.
Here are some assumptions that have been considered in the preparation of this report:
Yearly change in inflation rate has not been considered while forecasting the market numbers
Product-wise weighted Average Selling Price (ASP) has been considered to deduce market values
Bottom-up approach has been used to assess the market numbers for each product category
Top-down approach has been used to counter-validate the market estimations