Adsorbents Market Summary
As per Market Research Future Analysis, the global Adsorbents Market was valued at USD 3.9 Billion in 2022 and is projected to grow from USD 3.89 Billion in 2023 to USD 8.2 Billion by 2030, with a CAGR of 6.4% during the forecast period. The demand for adsorbents is primarily driven by their application in water treatment and the petroleum refining industry. Recent advancements include low-cost polymer-based adsorbents for wastewater treatment and innovative technologies for air conditioning systems. The Asia Pacific region is a significant consumer and producer, with major manufacturers shifting operations there due to cost efficiency. North America leads in market value and volume, driven by its large petroleum refining sector.
Key Market Trends & Highlights
Key trends influencing the Adsorbents Market include technological advancements and increasing applications across various industries.
- Market Size in 2022: USD 3.9 Billion.
- Projected Market Size by 2030: USD 8.2 Billion.
- CAGR during 2023-2030: 6.4%.
- Asia Pacific is a leading consumer and producer of adsorbents.
Market Size & Forecast
2022 Market Size | USD 3.9 Billion |
2023 Market Size | USD 3.89 Billion |
2030 Market Size | USD 8.2 Billion |
CAGR (2023-2030) | 6.4% |
Major Players
Major players include Arkema S.A (France), BASF SE (Germany), W.R Grace and Company (U.S), Calgon Carbon Corporation (U.S), Axens S.A (France), and others.