Adsorbents Market: Global Trends and Forecasts to 2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-28 22:41:03
In 2013, the global adsorbents market is estimated to be worth nearly $2.8 billion and is expected to reach $3.8 billion by 2018 at a CAGR of 6.1% from 2013 to 2018. The North American region with a top position in the global market with its value is expected to grow at a CAGR of nearly 5.7% in the next five years.
Adsorbents offer the different characteristics as per the end user and their application requirements in the end products. The industry demands for adsorbents with larger surface area, high adsorption capacity, and better service life. The end user prefers a blend of high performance and cost-effective material which leads to profit maximization. Adsorbents are the key materials used across different industries, such as oil & gas, water treatment, pharmaceutical, chemicals/petrochemicals, and others. The potential growth of this industry is driven by innovations and advancements across the developments of technologies and new adsorbent materials.
The manufacturing companies have to increase the sustainability of the adsorbent products through collaboration with the customers/end-user industry. Developing the best product applications by bringing the industry and application development expertise will cater to the need and in turn increase the overall demand for adsorbents, globally. The manufacturers have to increase the investment activities and create the adsorbents with high adsorption capacity, better service life, effective cost, high performance, and products that are ought to be environmentally friendly. This will maximize the benefits of the end-user industry and their purpose of cost optimization in the overall process where the adsorbents are used.
Major players in North American, European, and APAC regions include BASF, UOP, Axens, Clariant, Grace, Cabot, Zeochem, and Arkema. In North America, major market players are headquartered in U.S. Within Europe, most of the major market players are situated in countries such as Germany, France, and Switzerland.
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