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Global Adsorbents Market to reach USD 6.12 Billion by 2028.

Global Adsorbents Market to reach USD 6.12 Billion by 2028.

Product Code: CMCC-51087626
Publish Date: 2-03-2022
Page: 200

Global Adsorbents Market is valued approximately USD 4.1 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2022-2028.

The adsorbent is a chemical that is majorly utilized in the purification process. These are primarily used for control and removing trace contaminants from many industrial processes like generating low sulfur fuels. Activated alumina, clay, silica gel, and, molecular sieve are several common products types that are increasingly adopted in a wide range of applications. The growth of industries such as oil & gas, refineries, packaging, rapid industrialization, as well as the stringent regulations for governing pharmaceutical product manufacture, quality, and hygiene control are the primary factors that may augment the market demand across the globe. For instance, as per the Indian Economic Survey 2021, in India domestic pharmaceutical market is projected to be around USD 65 billion in 2024 and likely to reach 120-130 by 2030 with a 3x growth rate. However, the lack of availability of raw materials impedes the growth of the market over the forecast period of 2022-2028. Also, the emergence of denitrogenating/desulfurization technology is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Adsorbents market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-pacific is the leading region across the world in terms of market share owing to the growing needs for the adsorbents, coupled with the development of emerging economies such as India, China, and Australia. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the rising application of the absorbents across petrochemical, oil, and gas industries, and rising initiatives by the leading companies would create lucrative growth prospects for the Adsorbents market across the Asia-Pacific region.

Major market players included in this report are:
Arkema SA
Honeywell International Inc.
Cabot Corporation
W. R. Grace & Co.
Clariant AG
Mitsubishi Chemical Corporation
Calgon Carbon Corporation (Kuraray)
Graver Technologies
Axens Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Molecular Sieves
Activated Carbon
Silica Gel
Activated Alumina
By Application
Petroleum refining
Gas refining
Water treatment
Air Separation & Drying
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Adsorbents Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Adsorbents Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Adsorbents Market, by Type, 2020-2028 (USD Billion)
1.2.3. Global Adsorbents Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Adsorbents Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Adsorbents Market Dynamics
3.1. Adsorbents Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing environmental concerns and regulations Increase in demand for oxygen concentrators
3.1.2. Market Challenges Lack availability of raw materials
3.1.3. Market Opportunities Emergence of denitrogenating/desulfurization technology
Chapter 4. Global Adsorbents Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Adsorbents Market, by Type
6.1. Market Snapshot
6.2. Global Adsorbents Market by Type, Performance – Potential Analysis
6.3. Global Adsorbents Market Estimates & Forecasts by Type 2019-2028 (USD Billion)
6.4. Adsorbents Market, Sub Segment Analysis
6.4.1. Molecular Sieves
6.4.2. Activated Carbon
6.4.3. Silica Gel
6.4.4. Activated Alumina
6.4.5. Others
Chapter 7. Global Adsorbents Market, by Application
7.1. Market Snapshot
7.2. Global Adsorbents Market by Application, Performance – Potential Analysis
7.3. Global Adsorbents Market Estimates & Forecasts by Application 2019-2028 (USD Billion)
7.4. Adsorbents Market, Sub Segment Analysis
7.4.1. Petroleum refining
7.4.2. Chemicals/Petrochemicals
7.4.3. Gas refining
7.4.4. Water treatment
7.4.5. Air Separation & Drying
7.4.6. Packaging
7.4.7. Others
Chapter 8. Global Adsorbents Market, Regional Analysis
8.1. Adsorbents Market, Regional Market Snapshot
8.2. North America Adsorbents Market
8.2.1. U.S. Adsorbents Market Type estimates & forecasts, 2019-2028 Application estimates & forecasts, 2019-2028
8.2.2. Canada Adsorbents Market
8.3. Europe Adsorbents Market Snapshot
8.3.1. U.K. Adsorbents Market
8.3.2. Germany Adsorbents Market
8.3.3. France Adsorbents Market
8.3.4. Spain Adsorbents Market
8.3.5. Italy Adsorbents Market
8.3.6. Rest of Europe Adsorbents Market
8.4. Asia-Pacific Adsorbents Market Snapshot
8.4.1. China Adsorbents Market
8.4.2. India Adsorbents Market
8.4.3. Japan Adsorbents Market
8.4.4. Australia Adsorbents Market
8.4.5. South Korea Adsorbents Market
8.4.6. Rest of Asia Pacific Adsorbents Market
8.5. Latin America Adsorbents Market Snapshot
8.5.1. Brazil Adsorbents Market
8.5.2. Mexico Adsorbents Market
8.6. Rest of The World Adsorbents Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. BASF SE Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Arkema SA
9.2.3. Honeywell International Inc.
9.2.4. Cabot Corporation
9.2.5. W. R. Grace & Co.
9.2.6. Clariant AG
9.2.7. Mitsubishi Chemical Corporation
9.2.8. Calgon Carbon Corporation (Kuraray)
9.2.9. Graver Technologies
9.2.10. Axens Group
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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