Market Overview:
The global petrochemical adsorbent market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for petrochemicals from various end-use industries, such as oil and gas, chemical, and others. In addition, the growing awareness about environmental concerns is also propelling the demand for petrochemical adsorbents across the globe. Based on type, molecular sieves are expected to lead the global petrochemical adsorbent market during the forecast period. This can be attributed to their high efficiency in removing impurities from fluids and gases at low temperatures.
Product Definition:
A Petrochemical Adsorbent is a material used to adsorb molecules from a liquid or gas. The importance of Petrochemical Adsorbent is that it can be used to purify and cleanse liquids and gases.
Molecular Sieves:
Molecular sieves are crystalline, porous and amorphous in nature. They have the ability to adsorb gases at high temperatures and pressures. The molecular sieve structure provides maximum surface area for adsorption process which results into higher efficiency of the product as compared to other conventional materials such as activated carbon or clay.
Activated Carbon:
The global activated carbon market is expected to witness significant growth over the forecast period owing to its increasing demand in petrochemical adsorbent applications. The growing environmental concerns regarding air pollution have resulted in increased use of activated carbon for treating contaminated air. Activated carbon is widely used as an adsorbent and filter medium for gases, vapors, liquids and chemicals among others.
Application Insights:
The oil and gas application segment led the market in 2017. Petrochemical adsorbents are used to separate oil from water, mud from shale, or gas from slurry in drilling operations. The chemical properties of these products help reduce the overall cost of separation as well as provide efficient cleaning with fewer resources. This is projected to drive demand over the forecast period.
Petrochemical adsorbents are also used for other applications such as desulphurization and de-oiling in refineries and chemical plants respectively. In addition, they find application across a wide range of industries including paints & coatings, pulp & paper manufacturing etc., which further boosts growth prospects on account of increasing product penetration across end-use industries worldwide over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major petrochemical manufacturers in countries such as China, India, South Korea and Japan are driving regional growth. Rapid industrialization coupled with increasing energy needs from growing population is also anticipated to drive product demand over the coming years.
The Middle East & Africa region is projected to witness significant growth during the forecast period owing to rising oil production levels across key countries such as Saudi Arabia, UAE and Iran. In addition, rapid development of downstream industries including polymers and plastics in these regions will further boost product demand during the estimated time span.
North America accounted for a significant share of overall industry revenue due to high consumption levels associated with chemical processes involved in manufacturing pharmaceuticals, agrochemicals among others’ products within this region.
Growth Factors:
- Increasing demand for petrochemical products in developing countries
- Growing environmental concerns and regulations on emissions from petrochemical plants
- Rising investments in petrochemical industry
- Technological advancements in adsorbent manufacturing process
- Growing demand for clean energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Petrochemical Adsorbent Market Research Report
By Type
Molecular Sieves, Activated Carbon, Silica Gel, Others
By Application
Oil and Gas, Chemical, Others
By Companies
Honeywell UOP, BASF SE, Arkema, Grace, Clariant, Axens S.A, Kuraray Co. Ltd., Cabot Corporation, Calgon Carbon Corporation, CECA, CRI, Sinopec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Petrochemical Adsorbent Market Report Segments:
The global Petrochemical Adsorbent market is segmented on the basis of:
Types
Molecular Sieves, Activated Carbon, Silica Gel, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Chemical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell UOP
- BASF SE
- Arkema
- Grace
- Clariant
- Axens S.A
- Kuraray Co. Ltd.
- Cabot Corporation
- Calgon Carbon Corporation
- CECA
- CRI
- Sinopec
Highlights of The Petrochemical Adsorbent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Molecular Sieves
- Activated Carbon
- Silica Gel
- Others
- By Application:
- Oil and Gas
- Chemical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Petrochemical Adsorbent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Petrochemical adsorbent is a type of material that can be used to remove pollutants from air, water, or soil. This type of material is often made out of materials like activated carbon or zeolites.
Some of the major players in the petrochemical adsorbent market are Honeywell UOP, BASF SE, Arkema, Grace, Clariant, Axens S.A, Kuraray Co. Ltd., Cabot Corporation, Calgon Carbon Corporation, CECA, CRI, Sinopec.
The petrochemical adsorbent market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Petrochemical Adsorbent Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Petrochemical Adsorbent Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Petrochemical Adsorbent Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Petrochemical Adsorbent Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Petrochemical Adsorbent Market Size & Forecast, 2020-2028 4.5.1 Petrochemical Adsorbent Market Size and Y-o-Y Growth 4.5.2 Petrochemical Adsorbent Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Molecular Sieves
5.2.2 Activated Carbon
5.2.3 Silica Gel
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Chemical
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Petrochemical Adsorbent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Petrochemical Adsorbent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Molecular Sieves
9.6.2 Activated Carbon
9.6.3 Silica Gel
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Chemical
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Molecular Sieves
10.6.2 Activated Carbon
10.6.3 Silica Gel
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Chemical
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Molecular Sieves
11.6.2 Activated Carbon
11.6.3 Silica Gel
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Chemical
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Molecular Sieves
12.6.2 Activated Carbon
12.6.3 Silica Gel
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Chemical
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Molecular Sieves
13.6.2 Activated Carbon
13.6.3 Silica Gel
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Chemical
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Petrochemical Adsorbent Market: Competitive Dashboard
14.2 Global Petrochemical Adsorbent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell UOP
14.3.2 BASF SE
14.3.3 Arkema
14.3.4 Grace
14.3.5 Clariant
14.3.6 Axens S.A
14.3.7 Kuraray Co. Ltd.
14.3.8 Cabot Corporation
14.3.9 Calgon Carbon Corporation
14.3.10 CECA
14.3.11 CRI
14.3.12 Sinopec