According to a new report by Reports and Data, the global Water Treatment Adsorbents Market is forecast to reach USD 5.9 Billion by 2027. Adsorption is the process in which atoms, ions, or molecules from a dissolved solid, liquid, or gas adhere to a targeted surface. The market is driven by the rising demand for adsorbents in many petroleum refineries. It is the most efficient separation method which is widely used in the petrochemical refineries. The increasing technological developments in the manufacturing of cost-effective adsorbents, this will generate high revenues in the global Water Treatment Adsorbents Market in the forecast timeframe. The rising demand in the energy sector will be crucial for the growth of the Water Treatment Adsorbents Market. Extension of the chemical process industry in many developing economies such as China, India, Brazil represents a golden chance for massive growth of the Water Treatment Adsorbents Market.
The constant fluctuation in the oil and gas prices will negatively impact the market. The oil prices have declined sharply owing to the political uncertainties of the major oil-producing nations such as Russia, Venezuela, and Saudi Arabia. This decline will recover if the production is lowered during the price war between the major oil-producing countries, which will drive the Water Treatment Adsorbents Market ahead.
Top Companies Operating in the Global Water Treatment Adsorbents Market:
BASF SE, Clariant Ltd., W. R. Grace Company, Cabot Corporation, Zeochem AG, UOP LLC., Axens Group, Arkema SRL, Zeolyst International, and Mitsubishi Chemical Corporation
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Key Takeaways from the report
- The petrochemical industry is expected to grow at a CAGR of over 5%; the industry is already worth several hundred billion. The widespread use of adsorbent in the industry will drive the growth of the Water Treatment Adsorbents Market shortly. Better efficient adsorbents in the industry will also help the market flourish. Petrochemicals also have a considerable usage capacity for adsorbents. Adsorbents are used in dehydration and purification of ethane/NGL/propane feed.
- The rising water demands in the water accompanied by the decrease in groundwater level, the wastewater treatment industry is forecasted to show remarkable growth in the period. The extensive use of adsorbents in water treatment plants will help the Water Treatment Adsorbents Market to show significant development.
- North America leads the Water Treatment Adsorbents Market in terms of value and volume. The technological advancement of hydrofracking in oil production was a revelation in the oil and gas industry. It has shifted the oil and gas market towards the U.S.; this will garner a considerable demand for adsorbents in the region and will be responsible for much of the market growth.
- The market has a large chunk of its share in the oil and gas sector, but it also finds its use in many fast-moving consumer goods as well. Adsorbents application as small desiccants is used to protect products such as pharmaceuticals, vitamins, food, and many more consumer goods. Odor or taste can be removed from many personal care products and plastics with high silica zeolite molecular sieves, and these odors are adsorbed.
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The Water Treatment Adsorbents Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Water Treatment Adsorbents Market.
The global Water Treatment Adsorbents Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Molecular Sieves
- Activated Carbon
- Silica Gel
- Activated Alumina
- Clay
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Petroleum Refining
- Chemicals/Petrochemicals
- Gas Refining
- Water Treatment
- Air Separation Drying
- Packaging
- Others
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