Chemicals

Adsorbents Market Outlook 2024-2033: Growth Potential, Drivers And Trends

March 26, 2024March 21, 2024 by The Business Research Company

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The adsorbents market has experienced significant growth in recent years, driven by various factors such as industrial manufacturing needs, environmental regulations, and advancements in healthcare. Looking ahead, the market is poised for further expansion, fueled by emerging trends and rising demand in key sectors.

Steady Growth Trajectory

The adsorbents market size has witnessed robust growth, reaching $4.67 billion in 2023.
Expected to grow to $5 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%.

Factors Driving Historic Growth

Industrial manufacturing and process optimization.
Environmental regulations and pollution control.
Water treatment and purification needs.
Oil and gas industry applications.
Pharmaceutical and healthcare sector demand.

View More On The Adsorbents Market Report 2024 – https://www.thebusinessresearchcompany.com/report/adsorbents-global-market-report

Anticipated Growth and Emerging Trends

Forecasted to reach $6.54 billion in 2028 at a CAGR of 6.9%.
Rising focus on sustainable and green technologies.
Growing awareness of water scarcity.
Expanding applications in gas separation.
Advancements in the pharmaceutical industry.
Evolving regulations for air quality control.

Rising Demand for Oxygen Concentrators To Drive Market Growth

Oxygen concentrators play a pivotal role in addressing respiratory difficulties.
Portable oxygen concentrators utilize PSA technology to absorb nitrogen from the air.
Increased demand during the COVID-19 pandemic, driving the usage of adsorbents.
Major companies supplying oxygen concentrators include Arkema SA, BASF SE, Clariant AG, and more.

Product Innovations Transforming the Market

Key focus on product innovation to meet evolving customer demands.
BASF SE launched PuriCycle, offering innovative catalysts and adsorbents for purification.
Clariant AG’s acquisition of BASF’s U.S. Attapulgite business assets strengthens technological leadership in purification.

Segmentation of the Adsorbents Market

By Type: Molecular Sieves, Activated Carbon, Silica Gel, Clay, Other Types.
By Application: Water Treatment, Air Separation, Packaging, Gas Refining, Other Applications.
By End-User: Pharmaceutical, Commercial, Industrial, Petrochemical, Other End-Users.

Dominance of Asia-Pacific Region

Asia-Pacific emerged as the largest region in the adsorbents market in 2023.
Continued market expansion expected in the region, driven by industrial growth and increasing applications.

Conclusion

The adsorbents market continues to evolve, driven by technological advancements, shifting consumer needs, and regulatory dynamics. With a strong foundation laid by historic growth and promising forecasts, the market is poised for sustained expansion. Key players are innovating to meet the demands of diverse industries, ensuring a dynamic landscape for the foreseeable future. As we navigate through this growth trajectory, staying attuned to emerging trends and market shifts will be essential for stakeholders to capitalize on new opportunities and drive further advancements in adsorbent technologies.

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The Adsorbents Global Market Report 2024 provides comprehensive insights on the adsorbents market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the adsorbents market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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