Global Adsorbents Market Expected to Reach XX Million by 2025—
According to a new report published by Reports Monitor titled, “Adsorbents Market By Type & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the adsorbents market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America dominates the adsorbents market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
The major driver for adsorbents market is increase in production of crude oil & natural gas. As, it is necessary to extract water contents from oil & natural gas during dehydration process, the use of adsorbents plays crucial role. Also pharmaceutical industries used adsorbents to maintain the quality of product while manufacturing processes such as instrument drying, drying of air-synthesis products and deodorization.
However, limited growth in application industries slows down the growth of this market.
North America region consist of countries like U.S., Canada & Mexico is the global leader for adsorbents market in terms of value & volume. Due to increase in urbanization in Asia Pacific region, small & major companies use silica gel to protect products from moisture which leads to growth of this market. Increasing electronics industries in countries like China, Japan, South Korea & Taiwan required desiccants for packaging process.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global adsorbents market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Arkema S.A., Axens S.A., BASF SE, Calgon Carbon Corporation, Cabot Corporation, W.R.Grace, Graver Technologies, Sorbead, UOP LLC, Zeochem, Zeolyst International
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