Market Overview:

The Adsorbents Market size is estimated to reach $10.8 billion by 2030, growing at a CAGR of 6.3% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Adsorbents Market – By Type (Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites (Molecular Sieves), and Others), By Form (Powder, Flakes, and Others), By End-Use Application (Oil and Gas Industry, Petrochemical Industry, Chemical Industry, Automotive and Transportation, Pharmaceutical and Food, Water Treatment, Nuclear Waste Remediation, Refrigerant, Building & Construction, Personal Care and Cosmetic, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Rapid advancements in material science and increased focus on sustainability are fueling the growth of the Adsorbents industry during the forecast period.

APAC Dominated the Market in 2023:

The Asia-Pacific region led the adsorbents market in revenue share at 38% in 2023 and is expected to maintain its dominance from 2024 to 2030. The region's strong demand for adsorbents, bolstered by robust purchasing power in countries like China, India, and Japan, presents significant market potential. Increased adoption of adsorbents across sectors such as petrochemicals, oil, and gas is particularly driving growth in China. Initiatives aimed at developing new petrochemical plants, such as Saudi Aramco's $7 billion project in South Korea and Indian Oil's $7.3 billion complex in Paradip, underscore the rising demand for adsorbents in the region throughout the forecast period. 

Adsorbents Market: Key Takeaways

Stringent Government Regulations Drive Demand for Adsorbents in Pharmaceutical Manufacturing:

Pharmaceutical companies are increasingly prioritizing quality control, leading to heightened demand for adsorbents in processes such as instrument drying, air-synthesis product drying, and deodorization. Various types of adsorbents are employed based on specific application needs within the pharmaceutical sector. For instance, activated carbon is utilized to eliminate contaminants or by-products during drug formulation, while activated alumina serves to recover Pyrogen-free pharmaceuticals and functions as a desiccant for air and industrial gases drying. Silica gel plays a crucial role in pharmaceutical adsorption through column chromatography, aiding in the separation and collection of medication components. Regulatory mandates from entities like the United States Pharmacopeia (USP) and Japanese Pharmacopeia (JP) further propel market growth. For example, India's pharmaceutical industry, set to reach $65 billion by 2024 and $130 billion by 2030 according to Invest India, underscores the significant impact of regulatory compliance on the adsorbents market in pharmaceuticals.

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Rising Demand for Environmental Purification:

The increasing need for environmental purification is a major driver for the global adsorbents market. As industries face stricter regulations and public demand for sustainability grows, adsorbents play a crucial role in reducing pollution and maintaining ecological balance. These materials are used to treat air, water, and soil contaminants, making them vital in sectors like chemical manufacturing, wastewater treatment, and oil and gas. The shift toward greener technologies and renewable resources further accelerates adsorbent adoption. Innovations in adsorbent materials, such as zeolites and activated carbon, enhance their effectiveness, driving growth in this market by meeting environmental challenges and compliance standards. 

Scope of the Report: 

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

6.3%

Market Size in 2030

$10.8 billion

Segments Covered

By Type, By Form, By End-Use Application and By Region

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

Key Market Players

  1. BASF SE

  2. Arkema SA

  3. Honeywell International Inc.

  4. Cabot Corporation

  5. W. R. Grace & Co.

  6. Clariant AG

  7. Mitsubishi Chemical Corporation

  8. Calgon Carbon Corporation (Kuraray)

  9. Evonik Industries

  10. Axens Group


Recent Developments:
  1. In May 2024, Adsorbi AB launched a cellulose-based air purification material for the art industry. Derived from Nordic forests, it safeguards artwork from air pollutants like VOCs, offering longevity and color-changing indicators for optimal use. This innovation targets museums and galleries, providing a sustainable alternative to traditional activated carbon solutions.
  2. In May 2024, Sorbead India and Swambe Chemicals merged to form Sorbchem India Private Limited, specializing in desiccants and adsorbents. Led by Rati Vachhani and Rajesh Galgalikar, Swambe Chemicals brings expertise in silica gel products and chromatography. Backed by Zeochem, the merger aims to innovate, enhance efficiency, and expand product offerings in air and gas drying solutions.

Adsorbents Market: Competitive Landscape

Key companies profiled in the Adsorbents Market are 1. BASF SE, Arkema SA, Honeywell International Inc., Cabot Corporation, W. R. Grace & Co., Clariant AG, Mitsubishi Chemical Corporation, Calgon Carbon Corporation (Kuraray), Evonik Industries, Axens Group and others.

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