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

As per FMI analysis, the sales of adsorbents are projected to increase at a steady 4.4% CAGR over the forecast period from 2022 to 2028. The global adsorbents market is anticipated to create an absolute dollar opportunity with a total of US$ 6.7 Bn in 2028 marked by a sale of US$ 5.2 Bn in 2022. 

The increasing adoption of absorbents in diverse industries such as oil & gas, water treatment, food processing and air separation in pharmaceuticals is expected to boost the market. A conducive environment for growth is created due to the increasing demand for advanced techniques to derive quality liquid fuels cost-effectively.

Future Market Insights showcases a comparison and review analysis of the dynamics of the adsorbents market. The market has been subjected to certain industrial and innovation factors including growth in the chemical industry, water treatment sector growth and significant development in nanotechnology.

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BASF SE, Sorbead India, Adsorbents Carbons, Universal Carbons, Global Absorbents Pvt. Ltd., Arkema Group, W. R. Grace & Co.-Conn., Axens S.A, Cabot Corporation, Clariant AG, Zeochem AG, Honeywell International Inc, Zeolyst International, Ashapura Group, Zeotec Adsorbents Private Limited, Bee Chems, Sunneta Carbons, Raj Carbon, Siddhartha Industries, AGC Group are some of the key companies profiled in the full version of the report.

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.

More Insights into the Adsorbents Market

According to the FMI analysis, the North American region was projected to account for 24% of the total market share in 2022. The sales in the U.S are anticipated to accelerate at a 4.9% CAGR in the coming years.

Sales in the U.S market continued to bolster owing to the increased adoption of adsorbents in the pharmaceutical and food & beverage sectors.

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The widespread usage of adsorbents in leading industries such as food services, LPG manufacturing, packaged food, pharmaceutical, and biopharmaceutical sectors are anticipated to bode well for the growth of the market.

Increased demand for cleaner fuel and awareness about fuel efficiency has significantly reduced engine malfunction in the automotive sector and will continue propelling sales in the U.S. over the assessment period.

The East Asian region is expected to be dominated by China growing at a steady 5.2% CAGR over the forecast period. The Asia Pacific will emerge as the most lucrative region, commanding 26.1% of the total market share in 2022.

The industrial sector in China is rapidly adopting the technique of using materials such as activated carbon for effective removal of contaminants, especially in industrial wastewater resulting in boosting the overall sales over the forecast period.

India is 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.