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Polymeric Adsorbents Market 2018 | Emerging Trends, Highlights and Challenges Forecast 2023

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An Adsorbent is a material that attracts or provide surface area for another substance to rest on itself. Adsorbent material prevent particles to pass through it. Polymeric Adsorbents are the synthetic adsorbent materials which are used in various applications in a number of industries such as pharmaceuticals, foods & beverages, chemicals, and textiles, among the others. These adsorbents exhibit properties such as excellent chemical and physical stability, greater adsorption capacity, and cleaner operations. Their applications can be found in treatment of waste or effluents from chemicals industries, recovery of dye in textile industry and in separation and purification process in pharmaceutical industry. In addition to this the Polymeric Adsorbents find their applications in refining of gas, separation of air, drying and in packaging. The choice of polymeric adsorbent is generally based on its properties that meet basic operational requirements such as high selectivity, large capacity of adsorption, favorable kinetic features, physical-chemical stability, mechanical strength, easy regeneration and most importantly availability at low cost.

Global Adsorbent Market is growing at CAGR of ~6.5% to reach a billion dollar figure in coming years, which is expected to drive the demand of Polymeric Adsorbents. Higher growth of end use industries such as pharmaceutical and food & beverages, which consume major share of overall Polymeric Adsorbent, is expected to fuel the demand of Polymeric Adsorbents during the forecast period. Global textile dye market is estimated to reach ~USD 10 billion by the end of 2023 against the growing demand of sustainable and style enhancing cloths around the world. This is anticipated to fuel the demand of Polymeric Adsorbents for recovery and effluent treatment in textile and dye industry. Growing concerns over health of natural water bodies such as rivers, lake and small distributaries inviting stringent regulations against discharge of untreated waste from pharmaceutical, textile, chemicals, and other industrials processes. This is necessitating the use of Polymeric Adsorbents in treatment of effluent before discharge, which may drive the growth of Global Polymeric Adsorbents Market. However, the major factor posing as bottleneck in growth trajectory of the Global Polymeric Adsorbents is the higher price of polymeric or synthetic adsorbents as compared to its counterparts. Nevertheless, ongoing research in development of highly efficient and cheaper synthetic adsorbents would help overcome the price concerns, during the forecast period.

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Regional Analysis:

The Global Polymeric Adsorbents Market is divided into five key regions including, Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is the fastest growing market among them due to of growing pharmaceutical and chemicals industry in the region. India and China are the major markets in this region on account of the presence of major end use industries. North America is closely following Asia Pacific in terms of market size in the Global Polymeric Adsorbents Market. U.S. is the largest market in this region, which is attributed to the growing food & beverage industry along with the chemicals industry. Europe is holding comparatively smaller share in the Global Polymeric Adsorbent Market. Countries namely, U.K., Germany, and Belgium are the key contributors to the regional market in this region owing to the growing demand of Polymeric Adsorbents by end use industries such as food & beverages and textile industry. Apart from this, there is a significant presence of key players which may help push growth of the regional market. Latin America is anticipated to grow at significant CAGR in coming years on account of growing end use industries such as chemicals and pharmaceutical in this region. The Middle East and Africa would join hand with the leading regions in the Global Polymeric Adsorbents Market owing to the vast investment potential and growth opportunities in end use industries such as chemicals and textile.

Segmentation:

The Global Polymeric Adsorbents Market is segmented on the basis of type, end use industry and region. On the basis of type the market is divided into modified aromatic (brominated aromatic matrix), aromatic (cross-linked polystyrenic matrix), and methacrylic (methacrylic ester copolymer), and others. Among these types, the modified aromatic adsorbent is holding major share of the overall demand of Polymeric Adsorbents. Based on end use industries, the Global Polymeric Adsorbent Market is segmented into pharmaceuticals, food & beverages, textile, and chemicals, among the others.  Geographically, the market is divided into five key regions including Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.

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