Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,829.50 Million | USD 5340.62 Million | 18.5% | 2021 |
FrequentlyAsked Questions
The main reasons anticipated to propel the adsorbents market during the forecast period is large-scale innovations in oil and gas processing, as well as socioeconomic changes such as the greater usage of adsorbents in maintaining purity requirements in numerous applications and due to environmental concerns, are driving market expansion.
According to the report, the global adsorbents market size was worth USD 3,829.50 million in 2021 and is estimated to grow to USD 5340.62 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.70 percent over the forecast period.
The North American adsorbents market is predicted to increase significantly over the forecast period. This is mostly due to the commercial extraction of shale gas in North America, as well as the consequent need for adsorption materials for petroleum gas processing.
Some of the main competitors dominating the global adsorbents market include - include Arkema, Honeywell International Inc., Axens, Basf Se, Cabot Corporation, Clariant Ag, W. R. Grace & Co.-Conn, Calgon Carbon Corporation, Zeochem, Jalon, Porocel, Zeolyst International, Haycarb Plc, Fuji Silesia Chemical, Ltd., AGC Chemicals Americas, Interra Global, Graver Technologies, Llc, Silicycle Inc, Kureha Corporation, Molsivcn Adsorbent Co., Ltd, Sorbead India, Hengye Inc, Cilicant, and Zettachem International.
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