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Global APAC Adsorbents Market is predicted to reach $5.8 billion by 2030, growing at a CAGR of 7.3% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The market for adsorbents in Asia-Pacific is expanding rapidly due to increasing industrial activity, growing pollution concerns, and strict environmental regulations. The need for sophisticated adsorbent materials for gas separation, catalysis, and air and water purification is fueled by the growth of the manufacturing, petrochemical, and pharmaceutical industries. The rise in market demand is also attributed to the region’s emerging economies’ growing industrialization and urbanization. Market expansion is further supported by technological advancements and improvements in adsorbent materials, such as zeolites and activated carbon. The Asia-Pacific adsorbents market is expected to increase as environmental sustainability gains prominence and regulatory frameworks become more stringent. Finds IndustryARC in its recent report, titled “APAC Adsorbents Market – By Type (Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites (Molecular Sieves) (Type 3A, Others), and Others), By Form (Powder, Flakes, and Others), By End-Use Application (Oil and Gas Industry (Natural Gas Purification, Gasoline, Diesel and Jet Fuel Production, Others), Petrochemical Industry (Ethylene Production, Propylene Production, Xylene Separation, Others), Chemical Industry (Industrial Gases, CASE (Coatings, Sealants, Adhesives, and Elastomers), Others), Automotive and Transportation, Pharmaceutical and Food, Water Treatment, Nuclear Waste Remediation, Refrigerant (Commercial, Industrial), Building & Construction, Personal Care and Cosmetic, and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030”
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India to Register Highest Growth:
The India segment of the APAC Adsorbents Market is projected to experience significant growth CAGR of 8.5% during the forecast period. The need for adsorbents is being driven by India’s fast industrialization as well as the country’s growing petrochemical, chemical, and pharmaceutical industries. For instance, in May 2024, the combination of Sorbead India and Swambe Chemicals, which created Sorbchem India Private Limited, improved the availability of desiccants and adsorbents. Swambe Chemicals specializes in silica gel products and column chromatographic techniques, which are mostly used in air and gas drying. These materials are vital to many sectors, including water treatment, air separation, and oil refining, because they are used in processes of purification, drying, and separation. The need for adsorbents is being further driven by India’s increasing focus on environmental sustainability and more stringent government regulations aimed at lowering industrial emissions and improving water quality. Effective adsorption technologies are becoming more and more necessary for waste management and air purification as a result of growing urbanization and population growth, which are also contributing to greater energy consumption and pollution levels. Furthermore, India’s market is expanding due to the country’s abundance of raw materials, cheap labor, and the presence of both domestic and foreign businesses.
APAC Adsorbents Market 2023-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
7.3% |
|
Market Size in 2030 |
$5.8 billion |
|
Segments Covered |
By Type, By Form, By End Use Application, and By Region |
|
Geographies Covered |
China, Japan, South Korea, India, Australia, Indonesia, Malaysia, Thailand, Taiwan and Rest of APAC |
|
Key Market Players |
1. Arkema 2. Honeywell International Inc. 3. BASF SE 4. Cabot Corporation 5. Clariant AG 6. W. R. Grace & Co.-Conn 7. Calgon Carbon Corporation 8. Zeochem 9. Porocel 10. Zeolyst International |
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APAC Adsorbents Market Report – Key Takeaways:
Activated Alumina Segment to Register the Highest Growth
Activated Alumina segment analyzed to grow with the highest CAGR of 8.3% during the forecast period 2024 to 2030. The activated alumina sector is anticipated to develop at the fastest rate in the Asia-Pacific (APAC) adsorbents market, which is anticipated to experience substantial expansion. Because of its exceptional adsorption capabilities, especially about moisture, fluoride, and other pollutants, activated alumina finds extensive application in fields including water treatment, air and gas drying, and petrochemical refining. This market is expanding as a result of the fast-rising levels of industrialization and urbanization in Asia-Pacific, which are creating a greater need for efficient air and water filtration systems in nations like China, India, and Southeast Asia. Activated alumina is utilized in the region’s growing petrochemical and gas industries for drying and purification procedures. The demand for activated alumina in the area is being further stimulated by environmental rules that are designed to reduce industrial emissions and improve the quality of the air and water.
Water Treatment Segment to Register the Highest Growth
The Water Treatment segment is analyzed to grow with the highest CAGR of 8.6% during the forecast period 2024 to 2030. The water treatment industry is anticipated to grow at the fastest rate in the APAC absorbents market, which is predicted to experience substantial growth. For instance, in March 2022, an innovative nano-adsorbent for the treatment of wastewater has been developed at IIT Kanpur. With a quick production process, this nano-adsorbent might aid in the selective elimination of metal- and antibiotic-resistant microorganisms from contaminated water. The need for effective water treatment technologies is growing as nations in the Asia-Pacific area, such as China, India, and Southeast Asian countries, deal with growing water pollution and shortage problems. Adsorbents are indispensable to industrial and municipal water treatment systems because they remove hazardous chemicals, heavy metals, and organic compounds, among other impurities, from water. In APAC, rapid urbanization and industrialization have increased wastewater creation, which has increased need for cutting-edge water treatment technologies. Adsorbents are being used by industries in their treatment processes as a result of the region’s governments enforcing stronger environmental requirements to guarantee water quality.
Fluctuating Raw Material Prices is a Major Challenge
The volatile pricing of raw materials are a serious obstacle for the Asia-Pacific (APAC) Adsorbents Market. Adsorbents, which are utilized in a variety of sectors, including water treatment, oil and gas extraction, and chemical processing, are mostly dependent on raw materials such as silica gel, activated carbon, and zeolites. Production costs and market stability can be severely impacted by volatile pricing for these resources, which are frequently caused by trade regulations, geopolitical issues, and imbalances in supply and demand. A major worry for many businesses is how to manage variable raw material costs while maintaining competitive pricing. The growing cost of energy and transportation exacerbates this problem even more in nations like China and India, which are significant participants in the APAC adsorbents market. These swings may make it challenging for businesses to plan long-term pricing and production strategies, which could have an effect on profitability.
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Key Opportunity Analysis:
Growing Demand for Water Treatment Solutions
The growing need for water treatment solutions throughout the Asia-Pacific (APAC) region is fueling the market’s notable expansion. Severe problems with water contamination have resulted from rapid industrialization and urbanization, especially in nations like China, India, and Southeast Asia. Adsorbents are becoming more and more necessary in water treatment procedures as governments and businesses work to comply with strict environmental requirements. Adsorbents are essential for maintaining clean and safe water for home and commercial use because they aid in the removal of pollutants and impurities from water. Furthermore, APAC’s expanding metropolitan areas and expanding population are placing strain on the region’s water supplies, which increases the demand for effective water treatment solutions. Addressing water scarcity and quality issues requires the use of adsorbents in municipal water treatment plants as well as in the treatment of wastewater from industrial activities.
Rising Environmental Awareness and Sustainability Initiatives
The implementation of sustainability measures throughout the area and growing environmental consciousness are driving considerable growth in the APAC Adsorbents Market. There is an increasing need for adsorbents in industrial processes as a result of nations like China, India, Japan, and South Korea putting more of an emphasis on lowering pollution and enhancing the quality of their air and water. The use of adsorbents in industries such as chemical manufacture, petroleum refining, and wastewater treatment has increased due to environmental restrictions that aim to limit emissions, industrial waste, and water purification. Adsorbents are essential for eliminating pollutants, heavy metals, and dangerous materials from industrial emissions and effluents. They also help ensure that strict environmental regulations are followed and sustainability initiatives are supported.
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The report also covers the following areas:
APAC Adsorbents Market 2023-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
The APAC Adsorbents Market faced temporary setbacks during the COVID-19 pandemic, primarily due to supply chain disruptions and delays in construction projects. However, as the economy stabilizes and the construction industry begins to recover, demand for adsorbents has surged, driven by a rise in home repair activities and an increased emphasis on energy efficiency.
In addition, the ongoing conflict between Russia and Ukraine has further exacerbated the situation, leading to higher material costs and additional supply chain disruptions. Geopolitical tensions and trade restrictions have impacted the pricing and availability of critical insulating materials, contributing to market volatility and causing delays in various projects across the region.
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List of Key Market Players in the APAC Adsorbents Market:
The Global APAC Adsorbents Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
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