Adsorbents Market to Register a Spectacular Rise of US$ 5.6 Billion by 2026, Says MarketsandMarkets™

The global adsorbents market size is estimated to grow from USD 4.1 billion in 2021 to USD 5.6 billion by 2026, at a CAGR of 5.9% during the forecast period. The driving factors for the adsorbents market is the industry growth is backed by the large-scale developments in oil & gas processing and socio-economic advancements such as the increased use of adsorbents in maintaining purity standards in various applications and because of environmental concerns. 

Molecular Sieves is the fastest-growing application segment in the Adsorbents market. The growth in this segment is attributed to the growing use of adsorbents in petroleum refining. Molecular sieves are often utilized in the petroleum industry, especially for the purification of gas streams and in the chemistry laboratory for separating compounds and drying materials. There are four main types of molecular sieves: 3A, 4A, 5A, and 13X. The type is dependent on the molecule’s chemical formula, and it determines the pore size of the molecular sieve.  It accounted for a share of about 38.56% of the Adsorbents market, in terms of value, in 2020.

Arkema SA(France), Honeywell International Inc(US), Axens(France), BASF SE (Germany), Cabot Corporation(US), Clariant AG (Switzerland), W.R. Grace & Co.(US) among others, are the leading adsorbents manufacturers, globally. These companies adopted new product launch, and agreements & contracts as their key growth strategies between 2019 and 2021 to earn a competitive advantage in the adsorbents market.