Delhi, December 8, 2021 (Global News Agency)-The global adsorbent market is booming and the range of advanced applications continues to expand. Innovations in oil and gas processing, including the increasing use of adsorbents to maintain purity requirements in numerous applications and environmental issues, are driving market growth...
A recent study conducted by BlueWeave Consulting, a strategic consulting and market research company, shows that the global adsorbent market is valued at 3.9 billion U.S. dollars in 2020 and is expected to reach 5.9 billion U.S. dollars by 2027, with a compound annual growth rate of 6.0% during the forecast period (2021 -2027). With the continuous expansion of advanced applications, the global adsorbent market is growing by leaps and bounds. In addition, advances in oil and gas processing, including the use of adsorbents to maintain purity in various applications and environmental issues, are driving market growth. Adsorbents have a wide range of uses and can be used in various industries, including biofuels, oil and gas, pharmaceuticals, nuclear power, automobiles, construction, chemicals, refrigeration and petrochemicals.
Many industrial applications of adsorbents drive market growth
Adsorbents are widely used in industrial processes to separate or reduce the concentration of specific components. They have many characteristics, such as high thermal stability, high surface capacity and wear resistance, making them suitable for many industries. Industrial uses of adsorbents include removing odors from gases, drying gases, purifying water, recovering solvent vapors, removing sulfur from gases, removing carbon dioxide from the air, refining minerals and oils, and refining pigments.
Due to rapid urbanization, natural resources are declining; therefore, what is left must be preserved. Water pollution is one of the main concerns of people all over the world. For centuries, adsorbents have been used to purify water. Activated carbon was first used for water supply in the United States in 1928. Wastewater produced in many industries is treated with adsorbents, such as activated carbon, zeolite, chitosan and clay minerals, and then discharged into the environment. Sorbents play a key role in removing inorganic impurities (such as metals, dyes, organic derivatives, and other pollutants) in wastewater.
With all these applications of adsorbents on an industrial scale, the demand for adsorbents will certainly rise during the forecast period.
Denitrification and desulfurization technology creates unlimited business opportunities for the market
As the demand for distillate fuels increases and the supply of lighter, easier-to-process crude oil decreases, refineries are forced to deal with heavier inventories. The main challenge encountered in the distillation process is the high nitrogen and sulfur content of these feedstocks. When these raw materials are burned, nitrogen and sulfur oxides are released, posing a major environmental risk. In refineries around the world, conventional procedures for removing nitrogen/sulfur compounds from liquid fuels include hydrosulfurization and hydrogenation. These processes usually require high temperature, high pressure and hydrogen consumption. Traditional hydrodesulfurization procedures only eliminate sulfur compounds, not the refractory sulfur compounds found in liquid fuels. In the conventional procedure, although the nitrogen molecule is not regulated, the nitrogen molecule competes with the sulfur compound for active sites on the catalyst. Therefore, it is necessary to eliminate nitrogen-containing compounds. The adsorbent material is designed to selectively remove nitrogen and sulfur compounds at ambient temperature and atmospheric pressure without the need for hydrogen. This method will enable refineries to produce certified liquid fuels at a reasonable cost. In addition, this technology has the potential to set new standards for the adsorbent market in the next few years.
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High levels of impurities will shorten the life of the adsorbent, which may hinder market growth
When molecules of different impurities come into contact with the adsorbent, they will attach to or be adsorbed on the adsorbent. The adsorbent has been occupied until the impurities or sludge are removed, which is called the regeneration process. However, the regeneration of the adsorbent is not always very effective or sometimes impossible. Moreover, the adsorption capacity of adsorbents is limited, so they may not be able to refine and purify contaminated materials indefinitely.
The adsorbent can be regenerated and reused in physical adsorption, but in chemical adsorption, the regeneration of the adsorbent requires a reverse reaction, which is difficult to carry out. In addition, the regeneration capacity also differs depending on the adsorbent. Activated carbon is one of the most expensive adsorbents, with limited regeneration capacity, which limits its use and application. Therefore, the short life of the adsorbent hinders the growth of the market.
Global Sorbent Market: By Type
According to the type, the global adsorbent market is divided into molecular sieves, activated carbon, silica gel, activated alumina, etc. Molecular sieves may be the fastest-growing market segment during the forecast period. The growth in this sector is attributable to the increased use of adsorbents in petroleum refining. Molecular sieves are often used in the petroleum field, especially for purifying gas streams. They are also used in scientific laboratories to separate compounds and dry materials. There are four main types of molecular sieves: 3A, 4A, 5A and 13X. The pore size of the molecular sieve depends on the chemical formula of the molecule.
Due to the COVID-19 pandemic, the global adsorbent market has been negatively affected. Due to the pandemic anger, several countries that make adsorbents had to stop production. Most adsorbents are produced in the Asia-Pacific and North American regions that have been hit hard by the coronavirus. These challenges have disrupted the supply chain of the adsorbent market, and many manufacturing units have slowed down.
In contrast, oxygen concentrators, which are in high demand during the pandemic, use pressure swing adsorption technology and use zeolite to produce medical oxygen. As a result, many industry players provide adsorbents to help produce medical oxygen during the pandemic, which helps them sustain their livelihoods during the global health crisis. For example, Honeywell of India cooperates with DRDO and CSIR-IIP to provide molecular sieve adsorbents or zeolites to accelerate oxygen production in the country.
Asia Pacific leads the global adsorbent market
In 2020, the Asia-Pacific region has the highest share of the adsorbent market. Countries such as China, Japan, and India have driven the demand for adsorbents in the region. One of the main reasons driving the development of the global adsorbent market in this region is rapid industrialization, especially in emerging economies such as China and India. Sorbents are commonly used to remove and control pollutants in industrial processes, such as the production of low-sulfur fuels. They are also widely used in many applications, from insulating glass windows to removing mercury from natural gas/crude oil wellheads. In addition, the use of adsorbents is an integral part of professional product manufacturing. The growing demand for adsorbents in the Asia-Pacific region makes this region more competitive and active than other regions. These factors are expected to drive the adsorbent market in the Asia-Pacific region during the forecast period.
Due to the large number of participants in the market, the global adsorbent market is moderately fragmented. In order to remain competitive, market participants continue to develop new products and carry out expansions and acquisitions. In addition, some leading companies are expanding their global influence by acquiring overseas manufacturers.
Some of the major players in the global adsorbent market are Arkema, Honeywell International Inc., Axens, Basf SE, Cabot Corporation, Clariant AG, WR Grace & Co.-Conn, Calgon Carbon Corporation, Zeochem, Jalon, Porocel, Zeolyst International, Haycarb Plc, Fuji Silysia Chemical, Ltd., AGC Chemicals Americas, Interterra Global and other well-known companies.
In September 2021, Shell and BASF announced plans to work together to promote the transition to a zero-emission world. As part of the collaboration, the two companies investigated, mitigated risks, and deployed BASF's Sorbead adsorption technology for pre-combustion and post-combustion applications for carbon capture and storage. Shell uses Sorbead adsorption technology to dehydrate CO2 gas captured using Shell carbon capture technology. For example ADIP Ultra or CANSOLV.
Don't miss the business opportunities in the global adsorbent market. Consult our analysts to gain important insights and promote your business growth.
The in-depth analysis of the report provides information on the growth potential, upcoming trends and statistics of the global adsorbent market. It also highlights the factors driving the forecast of the total market size. The report promises to provide the latest technology trends and industry insights in the global adsorbent market to help decision makers make reasonable strategic decisions. In addition, the report analyzes the market's growth momentum, challenges and competition dynamics.
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