Market Overview:
The global refining adsorbent market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for refined products, especially in developing countries. Additionally, the growing petrochemical industry is also contributing to the growth of this market. The global refining adsorbent market can be segmented on the basis of type into molecular sieves, activated alumina, and others. The activated alumina segment is expected to hold a major share of the global refining adsorbent market during the forecast period owing to its high efficiency and low cost as compared to other types of adsorbents available in the market. On the basis of application,the refinery Adsorbent Market can be divided into petroleum refining, chemical processing, and others segments.
Product Definition:
Refining Adsorbent is the process of purifying or upgrading an adsorbent by removing impurities and/or adding desirable properties. The importance of refining adsorbent is that it can improve the performance of the adsorbent, making it more effective at removing pollutants from air or water.
Molecular Sieves:
Molecular sieves are inorganic compounds that consist of an amorphous solid material. It is a group of adsorbents which includes activated carbon and metal oxide among others. The product has high surface area, low pore size and exhibits good chemical stability. Molecular sieve is used as adsorbent for the removal of water vapor in petroleum refining process and also finds application as drying agent for resins, oils & greases during the manufacturing process.
Activated Alumina:
Activated alumina is a highly porous, microporous solid material that has been modified by the addition of alkaline earth metal salts. The most common activated alumina products are sodium and calcium activated alumina. It is used as adsorbents in refining operations and finds application in petroleum refining, chemical processing, food & beverage processing among others.
The global Activated Alumina market size was valued at USD 856 million in 2016.
Application Insights:
Petroleum refining was the largest application segment in 2016, accounting for over 60.0% share of the global refining adsorbent market. The growth can be attributed to growing demand for petroleum products in developing economies owing to rising disposable income and rapid urbanization along with a growing preference towards cleaner fuels due to environmental concerns.
Refining process involves several operations such as crude oil processing, hydrocracking, catalytic reforming and others that result in higher energy consumption along with industrial effluent generation from various units of refinery including crude distillation column (CDC), hydrotreating unit (HTU), catalytic reforming unit (CRU) and other units such as boiler FCC & MCC plants etc. Petroleum refiners utilize adsorbents during these processes wherein molecular sieve is used as an effective separation medium between catalyst particles and liquid hydrocarbons while treating various refinery feedstocks including vacuum gas oil (VGO) & lube-base stock/washings etc.
Regional Analysis:
Asia Pacific accounted for the largest share of global refining adsorbent market in 2017. The region is expected to witness a high growth rate over the forecast period owing to increasing demand from petroleum refineries and chemical industries. Increasing population coupled with rising disposable income has led to an increase in domestic consumption, which is anticipated to drive product demand over the coming years.
The Middle East & Africa are also likely to witness significant growth due its large oil reserves and presence of major companies such as Saudi Refining Company (SARCO), Shell Chemicals, Kuwait Petroleum Corp., Abu Dhabi National Oil Co., and others. These companies are engaged in upgrading their facilities by introducing new technologies such as molecular sieve technology that will enhance their capacity utilization rates up-to 98%. This factor will further boost product demand across the region during the forecast period.
Growth Factors:
- Increasing demand for refined petroleum products: The global demand for refined petroleum products is increasing due to the growth of the transportation sector and the expanding middle-class population in developing countries. This is driving the refining adsorbent market as refineries need to install adsorbents to meet stringent product quality specifications.
- Stringent environmental regulations: Stringent environmental regulations are encouraging refineries to adopt cleaner production technologies, which require more efficient and selective adsorbents. This is boosting the refining adsorbent market growth.
- Technological advancements: The refining Adsorbent market is witnessing rapid technological advancements, with new and improved adsorption technologies being developed every day. This is helping fuel the growth of this market as it enables refineries to produce high-quality products while reducing emissions levels significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Refining Adsorbent Market Research Report
By Type
Molecular Sieves, Activated Alumina, Others
By Application
Petroleum Refining, Chemical, Others
By Companies
Honeywell UOP, BASF, Arkema, Axens S.A, Clariant, Grace, CHALCO, Zeochem, Linde, 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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Refining Adsorbent Market Report Segments:
The global Refining Adsorbent market is segmented on the basis of:
Types
Molecular Sieves, Activated Alumina, 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
Petroleum Refining, 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
- Arkema
- Axens S.A
- Clariant
- Grace
- CHALCO
- Zeochem
- Linde
- CECA
- CRI
- Sinopec
Highlights of The Refining 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 Alumina
- Others
- By Application:
- Petroleum Refining
- 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 Refining 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
Refining adsorbent is a type of adsorbent that can be used to remove contaminants from water. It is made from materials that have been treated to improve their ability to absorb liquids and chemicals.
Some of the major players in the refining adsorbent market are Honeywell UOP, BASF, Arkema, Axens S.A, Clariant, Grace, CHALCO, Zeochem, Linde, CECA, CRI, Sinopec.
The refining adsorbent market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refining 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 Refining Adsorbent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refining 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 Refining 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 Refining Adsorbent Market Size & Forecast, 2020-2028
4.5.1 Refining Adsorbent Market Size and Y-o-Y Growth
4.5.2 Refining 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 Alumina
5.2.3 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 Petroleum Refining
6.2.2 Chemical
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refining 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 Refining 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 Alumina
9.6.3 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 Petroleum Refining
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 Alumina
10.6.3 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 Petroleum Refining
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 Alumina
11.6.3 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 Petroleum Refining
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 Alumina
12.6.3 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 Petroleum Refining
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 Alumina
13.6.3 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 Petroleum Refining
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 Refining Adsorbent Market: Competitive Dashboard
14.2 Global Refining Adsorbent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell UOP
14.3.2 BASF
14.3.3 Arkema
14.3.4 Axens S.A
14.3.5 Clariant
14.3.6 Grace
14.3.7 CHALCO
14.3.8 Zeochem
14.3.9 Linde
14.3.10 CECA
14.3.11 CRI
14.3.12 Sinopec
