APAC Adsorbents Market - Forecast(2023 - 2028)

Report Code: CMR 1324 Report Format: PDF + Excel

APAC Adsorbents Market Overview

The APAC Adsorbents Market size is projected to reach US$3.2 billion by 2027, after growing at a CAGR of 7.8% during the forecast period 2022-2027. Adsorbents such as silica gel, molecular sieve, polymeric adsorbent, activated alumina, zeolites and others are becoming more popular across a range of end-use industries due to their numerous potential advantages, including superior thermal stability and abrasion resistance. APAC Adsorbents are widely employed in the petroleum and oil refining industry, which is supporting the adsorbents industry's growth. For example, with average daily processing of 1.929 million tonnes, the amount of crude oil processed was 59.79 million tonnes, an increase of 19.7 percent year over year, 11.8 percent over March 2019 and 5.8 percent on average over the previous two years. China dominates the APAC Adsorbents Market, owing to the increasing oil & gas production. Several end-use industries in the APAC Adsorbents industry suffered negative effects as a result of the COVID-19 pandemic. The production halt owing to enforced lockdown resulted in decreased supply, demand and consumption of Adsorbents in APAC. They had a direct impact on the APAC Adsorbents Market size in 2020.

APAC Adsorbents Market Report Coverage

The report: “APAC Adsorbents Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the APAC Adsorbents industry.

By Type: Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymeric Adsorbents, Zeolites (Molecular Sieves) (Type 3A and Others) and Others.
By Form: Powder, Flakes and Others.
By End-use Industry: Oil & Gas (Natural Gas Purification, Gasoline, Diesel and Jet Fuel Production and Others), Petrochemical (Ethylene Production, Propylene Production, Xylene Separation and Others), Chemical [Industrial Gases (Hydrogen Purification, Air Purification, Carbon Purification, Cryogenic Air Separation and Medical & Industrial Oxygen Concentrator), Coatings, Sealants, Adhesives and Elastomers (CASE) and Others], Automotive & Transportation, Pharmaceutical & Food, Water Treatment, Nuclear Waste Remediation, Refrigerant (Commercial and Industrial), Building & Construction, Personal Care & Cosmetics and Others.
By Country: China, Japan, India, South Korea, Indonesia, Malaysia, Australia, Taiwan and the Rest of APAC.

Key Takeaways

  • China dominates the APAC Adsorbents Market, owing to the increasing oil & gas production. According to the National Bureau of Statistics of China - Energy production in October of 2021 press release, from January to October, 166.19 million tons of crude oil were produced, with a year-on-year increase of 2.5 percent.
  • The large-scale developments in oil & gas processing, increased use of Adsorbents to maintain purity standards in various applications and environmental concerns are the driving forces behind the APAC Adsorbents Market size.
  • To meet domestic chemical demand, major chemical-producing companies are increasing their production capacity in APAC countries. The demand for Adsorption materials to remove impurities from the chemicals is anticipated to increase as a result of the increase in chemical production.
  • It is estimated that the depletion of raw materials used in the manufacturing of adsorbents such as coal, bauxite, silicate, zeolite, clay and more would impede the APAC Adsorbents Market expansion.

Figure: APAC Adsorbents Revenue Share, By Country, 2021 (%)

APAC Adsorbents Market

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APAC Adsorbents Market Segment Analysis – By Type

The molecular sieves (zeolites) segment held the largest share in the APAC Adsorbents Market in 2021 and is projected to grow at a CAGR of 8.9% during the forecast period 2022-2027. Natural zeolites are hydrophilic and contain aluminum. These materials function well as polar substance absorbents (e.g. water and water-soluble substances). The zeolite becomes hydrophobic and is able to adsorb apolar substances like VOCs when the aluminum is removed. Natural zeolites have been used extensively as adsorbents in separation and purification processes over the past few decades due to their high cation-exchange ability and molecular sieve properties. As a result, the demand for molecular sieves (zeolites) Adsorbents is on the rise, thereby driving segmental growth.

APAC Adsorbents Market Segment Analysis – By End-use Industry

The oil & gas segment held the largest share in the APAC Adsorbents Market share in 2021 and is expected to grow at a CAGR of 7.9% during the forecast period 2022-2027. Adsorbents such as zeolite molecular sieves, active carbons, impregnated carbons, resins and polymers play a significant role in the oil and gas sector. The alkylation feed dehydration process in petroleum refining uses adsorption materials to clean the feedstock. Flue gases can be removed efficiently and there is evidence that heavy metals and dyes can also be removed through adsorption. According to the BP Statistical Review of World Energy 2021, natural gas production in Asia-Pacific increased from 579.0 billion cubic meters in 2016 to 652.1 billion cubic meters in 2020. The oil production in thousands of barrels per day increased from 7,610 in 2018 to 7,628 in 2019. As a result of this aforementioned expansion, the APAC Adsorbents Market is also being propelled.

APAC Adsorbents Market Segment Analysis – By Geography

China held the largest share of up to 41.2% in the APAC Adsorbents Market in 2021, owing to the bolstering growth of the oil & gas sector in China. For instance, according to the National Bureau of Statistics of China - Energy production in March of 2021 press release, the production of crude oil increased and so did the processing capacity. 17.09 million tonnes of crude oil were produced in March, an increase of 3.3 percent over March of the previous year and an average growth of 1.6 percent over the previous two years. According to the October of 2021 press release, 166.19 million tonnes of crude oil were produced from January to October, with an increase of 2.5% year over year, 4.2% over the same period in 2019 and an average increase of 2.1% over two years. Natural gas production reached 168.4 billion cubic meters from January to October, up by 9.4% from the same period last year, 19.2% increase from the same time in 2019 and an average of 9.2% increase over the previous two years. With the increasing oil & gas production, the demand for petroleum refining and gas refining significantly increased, which accelerated the demand for Adsorbents in China.

Figure: APAC Adsorbents Revenue Share, By Country, 2021 (%)

APAC Adsorbents Revenue Share

APAC Adsorbents Market Drivers:

Flourishing Water Treatment Projects:

Adsorbents are regarded as one of the most suitable water treatment methods due to their ease of use. Adsorbents are most frequently used to remove non-biodegradable organic compounds at low concentrations from groundwater, to prepare drinking water and more. The increased demand for potable water has led to the establishment of new wastewater treatment facilities. For instance, Rean Watertech and P C Snehal Construction Co. (JV) plan to construct a new water treatment facility in India. In June 2022, the Phnom Penh Water Supply Authority made a public announcement regarding its intention to submit a proposal to South Korea for a water treatment facility in Kandal Province. Since the water treatment projects are booming in APAC, the demand for adsorbents is also growing in the region. Thus, the increasing number of water treatment projects act as a driver for the APAC Adsorbents Market during the forecast period.

Bolstering Growth of the Pharmaceutical Industry:

Adsorbents are used in the pharmaceutical industry for a variety of applications. Activated carbon is used to remove impurities or byproducts from the drug formulation process, while activated alumina is used to recover pyrogen-free drugs. Additionally, Silica Gel is utilized in column chromatography as a pharmaceutical adsorbent to separate or gather various drug components. In various APAC countries, there is bolstering growth in the pharmaceutical industry. For instance, according to the General Statistics Office of Vietnam, in 2019, the total pharmaceuticals production in Vietnam was US$3255.6 million and in 2020 it was US$3484.5 million, an increase of about 7.03%. According to Invest India, India's pharmaceutical sector is significant. By volume, India is third in the world for production and 14th by value. By 2024 and 2030, the Indian pharmaceutical market is projected to grow to US$65 billion and US$120 billion, respectively. With the growing pharmaceutical industry, the demand for pharmaceutical adsorbents is increasing at a robust pace in APAC, thereby driving the APAC Adsorbents Market.

APAC Adsorbents Market Challenge:

High Level of Impurities Lead to Reduced Service Life:

The capacity of Adsorbent materials to attract molecules to their surfaces is constrained. Once the capacity has been reached, further refinement and purification would create an equilibrium that would result in desorption. For the adsorption of various contaminants and impurities, such as (carbon dioxide or hydrogen sulfide), mercaptans, production chemicals and hydrate inhibitors, adsorbents are used in refinement and purification processes. At this point, the adsorbent is being renewed as a result of a reaction between the current impurities and adsorbents. These impurities either eliminate the adsorbent or regenerate it. The market for Adsorbents, as a whole, may be constrained by the fact that the service life of Adsorbents is dependent on the material's capacity for regeneration.

APAC Adsorbents Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the APAC Adsorbents Market. The top 10 companies in the APAC Adsorbents Market are:

  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

Recent Developments

  • In June 2021, to boost oxygen production, Honeywell collaborated with the Defense Research Development Organization (DRDO) and the Council of Industrial Research - Indian Institute of Petroleum (CSIR-IIP) of the Indian government.
  • In February 2021, Natural VOC-trapping DESVOCANT Adsorbents were introduced by Clariant for use in packaging and cargo shipments.
  • In November 2019, Durasorb HRU was developed and launched by BASF to remove heavy hydrocarbons and BTX.

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1. APAC Adsorbents Market - Market Overview
    1.1 Definitions and Scope
2. APAC Adsorbents Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-use Industry
    2.4 Key Trends by Country
3. APAC Adsorbents Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. APAC Adsorbents Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. APAC Adsorbents Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. APAC Adsorbents Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. APAC Adsorbents Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. APAC Adsorbents Market - by Type (Market Size - US$ Million/Billion)
    8.1 Activated Alumina
    8.2 Activated Charcoal
    8.3 Activated Clay
    8.4 Silica Gel
    8.5 Metal Oxides
    8.6 Polymeric Adsorbents
    8.7 Zeolites (Molecular Sieves)
    8.7.1 Type 3A
    8.7.2 Others
    8.8 Others
9. APAC Adsorbents Market - by Form (Market Size - US$ Million/Billion)
    9.1 Powder
    9.2 Flakes
    9.3 Others
10. APAC Adsorbents Market - by End-use Industry (Market Size - US$ Million/Billion)
    10.1 Oil & Gas
        10.1.1 Natural Gas Purification
        10.1.2 Gasoline, Diesel and Jet Fuel Production
        10.1.3 Others
    10.2 Petrochemical
        10.2.1 Ethylene Production
        10.2.2 Propylene Production
        10.2.3 Xylene Separation
        10.2.4 Others
    10.3 Chemical
        10.3.1 Industrial Gases
        10.3.1.1 Hydrogen Purification
        10.3.1.2 Air Purification
        10.3.1.3 Carbon Purification
        10.3.1.4 Cryogenic Air Separation
        10.3.1.5 Medical & Industrial Oxygen Concentrator
        10.3.2 Coatings, Sealants, Adhesives and Elastomers (CASE)
        10.3.3 Others
    10.4 Automotive & Transportation
    10.5 Pharmaceutical & Food
    10.6 Water Treatment
    10.7 Nuclear Waste Remediation
    10.8 Refrigerant
        10.8.1 Commercial
        10.8.2 Industrial
    10.9 Building & Construction
    10.10 Personal Care & Cosmetic
    10.11 Others
11. APAC Adsorbents Market - by Country (Market Size - US$ Million/Billion)
    11.1 China
    11.2 Japan
    11.3 India
    11.4 South Korea
    11.5 Indonesia
    11.6 Malaysia
    11.7 Australia
    11.8 Taiwan
    11.9 The Rest of APAC
12. APAC Adsorbents Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. APAC Adsorbents Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share by Key Country - Major companies
    13.3 Market Share by Key Application - Major companies
    13.4 Market Share by Key Product Type/Product category - Major companies
14. APAC Adsorbents Market – Key Company List by Country Premium Premium
15. APAC Adsorbents Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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