Rapid industrialization, mainly in the emerging economies of China and India, has been one of the major factors driving the global adsorbent sales. Adsorbents are widely used for removing and control trace contaminants from various industrial processes such as producing low sulfur fuels. Adsorbents are extensively used for a wide range application ranging from insulating glass windows to removal of mercury in a large scale natural gas/crude oil wellhead. Adsorbents are an integral part of any process used to manufacture modern day specialized product.
Growth of major end use industries such as water and air treatment, chemicals and petrochemicals mainly in Asia Pacific, Middle East and Latin America has been boosting the demand for adsorbents in the past and this trend is expected to continue over the next decade. In addition, growing environmental concerns regarding hazards caused due to waste water has been prompting regulatory bodies across various nations to mandate the use of adsorbents. The stringent regulatory norms mainly in the U.S. and Europe to disinfect both water and air have been boosting the demand for adsorbents. However, the availability and high price associated with the procurement of raw materials for some specific adsorbents have been hindering the market growth.
Silica gel is one of the most widely used adsorbent mainly in the packaging industry. Silica gel exhibits good adsorption characteristics which prevents the formation of moisture in electrical and electronic goods. Asia Pacific is one of the leading consumer and producer for adsorbents. Owing to the growth of major end use industries in the region, major adsorbents manufacturers have been focusing on shifting and opening up their manufacturing bases in Asia Pacific countries. Countries such as India and China not only provides the participants an attractive demand centre but also helps in achieving cost efficiency during the production of adsorbents owing to cheap labor and government support in terms of tax benefits and tax holidays.
This report, by Grand View Research, takes a closer look at the adsorbents industry, providing a holistic perspective on market dynamics, trends, supply and demand. The report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key products including molecular sieves, activated carbon, silica gel, activated alumina and clay among some other adsorbents. The report also provides the same level of information for key regional markets.
This research report analyzes various factors which has been driving and inhibiting the global adsorbents market in the past. In addition, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.
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