Adsorbents have the ability to accumulate liquid or gas on the surface of a solid material. The process of adsorption involves dissolution or diffusion.
Major factor driving growth of the global adsorbent market is growing demand from various industrial verticals. In addition, growing demand from food and beverage industry is expected to support growth of the global adsorbent market.
The global adsorbent market report has been segmented on the basis of product type, application, and region.
The product type segment in the global adsorbent market is segmented on the basis of molecular sieves, activated carbon, silica gel, activated alumina and clay. The molecular sieves segment is expected to contribute significant revenue share in the global market.
The application segment in the global adsorbent market is segmented on the basis of petroleum refining, gas refining, chemicals/petrochemicals, water treatment, air separation & drying, and packaging. The water treatment segment is expected to contribute significant revenue share in the global market.
On the basis of region, the global adsorbent market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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The market in Asia Pacific is expect to dominate the global adsorbent market in terms of revenue. This can be attributed to growing demand from pharmaceutical and water treatment plants. The markets in North America and Europe are expected to contribute significant revenue shares in the global adsorbent market, owing to increasing demand from oil & gas and food & beverage industries, and presence of prominent players operating in this region. The markets in Latin America and Middle East & Africa is expected to witness steady growth in terms of revenue.
Key players operating in the global adsorbent market include BASF SE, Sorbead India, Superior Adsorbents, Inc., Universal Carbons, Global Absorbents Pvt. Ltd., Arkema Group, W. R. Grace & Co.-Conn., Axens S.A, Cabot Corporation, Clariant AG, and Zeochem AG.