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North America and APAC Adsorbent Market Size Worth $7.1 Billion By 2030: IndustryARC

Aug 29, 2024 9:20 AM ET

North America and APAC Adsorbent Market Size Worth $7.1 Billion By 2030: IndustryARC

Global North America and APAC Adsorbent Market size is predicted to reach $7.1 billion by 2030, growing at a CAGR of 5.9% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. Adsorbents are used in a wide range of industries such as petrochemical, water treatment, medical, metallurgy, textile and other industries. Among these, activated carbon holds the largest market share due to its extensive use in water treatment plants and air purification applications, finds IndustryARC in its recent report, titled “North America and APAC Adsorbent Market – By Type (Activated Alumina, Activated Carbon, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites (Molecular Sieves) (Type 3A, Others) and Others), By Form (Powder, Flakes, 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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United States to Register Highest Growth:

In 2023, United States dominated the North America and APAC Adsorbent market with largest share of 23%. The consumption of adsorbents is particularly high in this region due to its increasing demand from the petrochemical sectors in the country. For instance, Royal Dutch Shell invested around US$6 billion for the development of the petrochemicals plant in Pennsylvania, U.S. Adsorbents are primarily used in petrochemical plants as a medium for the separation process in order to extract a component from a mixture. They are also used for the removal of various pollutants and recovery of oil from wastewater in such petrochemical plants. Thus, the surging development associated with the petrochemical sectors in the country is expected to increase the demand for adsorbents for refining applications in such plants. This is expected to accelerate the growth of the North America and APAC Adsorbent market during the forecast period.

North America and APAC Adsorbent Market 2023-2030: Scope of the Report

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

5.9%

Market Size in 2030

$7.1 billion

Segments Covered

By Type, By Form, By End-Use Industry and By Region

Geographies Covered

North America (U.S., Canada and Mexico), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and the Rest of Asia-Pacific)

Key Market Players

Arkema

Honeywell International Inc.

Basf SE

Cabot Corporation

Clariant AG

W. R. Grace & Co.-Conn

Calgon Carbon Corporation

Zeochem

Porocel

Zeolyst International

Akens

Delta Adsorbents

W. R. Grace & Company

Global Adsorbents Pvt. Ltd.

Dorf Ketal

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North America and APAC Adsorbent Market Report – Key Takeaways:

  • Rapid Industrialization and Urbanization

The rapid industrialization and urbanization in the Asia-Pacific (APAC) region and, to a lesser extent, in North America, are significant drivers of the adsorbent market. In APAC, countries like China, India, and Southeast Asian nations are witnessing unprecedented industrial growth, particularly in sectors such as chemicals, petrochemicals, food and beverages, and pharmaceuticals. This industrial boom has led to increased pollution levels, necessitating the use of adsorbents for water and air purification, gas separation, and resource recovery. Urbanization, which often accompanies industrial growth, has also increased the demand for clean water and air in densely populated urban areas, further driving the need for adsorbent technologies. In North America, although the pace of industrialization is slower, ongoing urban development and the expansion of industries such as oil and gas and pharmaceuticals continue to sustain demand for adsorbents. The growing need to manage industrial waste, reduce environmental impact, and meet the rising expectations of urban populations for clean living conditions will continue to drive the adsorbent market in both regions.

  • Expansion of the Pharmaceutical and Healthcare Industries

The expansion of the pharmaceutical and healthcare industries in North America and APAC is a significant driver of the adsorbent market. In the pharmaceutical industry, adsorbents are used in various processes, including purification, separation, and decolorization, to ensure the quality and efficacy of drugs. The growing demand for pharmaceuticals, driven by aging populations, increasing prevalence of chronic diseases, and the rise of generic drug production, has boosted the need for adsorbent materials. In North America, the well-established pharmaceutical industry and the push for advanced drug formulations have led to increased use of specialized adsorbents. In APAC, the rapid growth of the pharmaceutical sector, particularly in countries like India and China, is driving demand for adsorbents, as companies strive to meet global quality standards and expand their manufacturing capabilities. Additionally, the healthcare sector’s focus on clean and sterile environments, particularly in response to the COVID-19 pandemic, has further increased the use of adsorbents in air and water purification systems. As the pharmaceutical and healthcare industries continue to grow, the demand for high-quality adsorbents is expected to rise, driving market expansion in both regions.

  • High Cost of Advanced Adsorbent

Advanced adsorbents, such as activated carbon, zeolites, and metal-organic frameworks (MOFs), offer superior performance in terms of adsorption capacity, selectivity, and regeneration capabilities. However, their production involves complex processes and expensive raw materials, leading to higher costs. For industries operating on tight budgets, particularly in developing regions of APAC, the high cost of these adsorbents can be prohibitive. In North America, while the market is more mature, the cost factor still poses a challenge, especially for small and medium-sized enterprises (SMEs) that may struggle to afford the latest adsorbent technologies. Additionally, the cost of implementing and maintaining adsorbent systems, including the necessary infrastructure and operational expenses, can add to the financial burden. Addressing this challenge requires continued research and development to find cost-effective production methods and alternative materials that maintain high performance while reducing costs.

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Key Opportunity Analysis:

Expansion in Renewable Energy Sector

The growing emphasis on renewable energy sources presents a significant future opportunity for the adsorbent market in North America and APAC. Adsorbents play a crucial role in various renewable energy technologies, including biogas purification, carbon capture and storage (CCS), and hydrogen production. In biogas purification, adsorbents are used to remove impurities such as carbon dioxide and hydrogen sulfide, enabling the use of biogas as a clean energy source. Carbon capture technologies, essential for reducing greenhouse gas emissions, rely on advanced adsorbents to capture and store carbon dioxide from industrial processes and power plants. The hydrogen economy, which is gaining momentum as a clean energy alternative, also depends on adsorbents for hydrogen purification and storage. For instance, Qatar Petroleum partnered with ExxonMobil for the development of the LNG expansion liquefaction plant worth US$10 billion in Texas, United States. The facility is scheduled for completion in 2024. In this way, such new development of petrochemical plants in the region is expected to increase the demand for adsorbents as a medium for petroleum refining applications as stated above. As governments and industries in North America and APAC increasingly invest in renewable energy projects to meet climate goals and reduce reliance on fossil fuels, the demand for adsorbents in these applications is expected to rise.

Advancements in Water Treatment Technologies

The advancements in water treatment technologies offer a promising opportunity for the adsorbent market in North America and APAC. As water scarcity and pollution become more pressing global issues, there is a growing need for effective water treatment solutions. Adsorbents are key components in removing contaminants from water, including heavy metals, organic pollutants, and microplastics. In North America, the aging water infrastructure and stricter regulatory standards are driving demand for advanced water treatment technologies, creating opportunities for adsorbent manufacturers. In APAC, rapid industrialization and urbanization have led to significant water pollution challenges, prompting governments and industries to invest in modern water treatment systems. For instance, Government initiatives in the US and Canada, like the Infrastructure Investment and Jobs Act and the Investing in Canada Infrastructure Plan, are allocating billions towards water infrastructure projects. This financial backing is translating into concrete developments like Pennsylvania American Water’s new $8.7 million treatment plant and Acciona’s $159 million project in Mexico. Furthermore, Acciona announced its plans to build a water treatment plant in the municipality of Los Cabos in Mexico. The project has a budget of around US$159 million. The project is estimated to have a water treatment capacity of 250 liters per second, equivalent to 7,884,000 m3 per year. The new facility is scheduled to be delivered by 2023.The increasing focus on sustainable water management practices, coupled with technological advancements, is expected to drive the adoption of innovative adsorbents in water treatment applications across both regions.

Development of Smart and Functional Adsorbents

The development of smart and functional adsorbents represents a significant future opportunity for the adsorbent market in North America and APAC. Smart adsorbents are designed to respond to specific environmental triggers, such as changes in temperature, pH, or concentration of pollutants, to enhance their adsorption performance. These materials offer greater efficiency, selectivity, and the ability to be regenerated and reused, making them highly attractive for various industrial applications. Functional adsorbents, which are engineered with additional properties such as catalytic activity or antimicrobial effects, are expanding the application scope of adsorbents in fields like water treatment, air purification, and chemical processing. In North America, the emphasis on technological innovation and sustainability is driving the development of these advanced adsorbents. In APAC, the growing industrialization and the need for efficient pollution control solutions are creating demand for smart and functional adsorbents.

Increasing Demand in textile production

Adsorbents such as activated carbon, silica gel and molecular sieves are primarily used in the textile industry for the removal of textile dyes and for treating dyes contained in textile wastewaters and effluents, owing to their low cost and ease of operation. The surging investments, new facility development and government initiatives related to the textile industry are the key determinants that are driving the growth of the textile industry in North America. This increasing production from the textile industry in North America is expected to increase the demand for adsorbents utilized in such industries for the removal of textile dyes and treatment of dyes contained in textile wastewater and effluents. This is anticipated to drive the growth of the market in North America in the upcoming years. Increased textile production might indirectly lead to higher demand for adsorbents in wastewater treatment. Textile manufacturing generates wastewater laden with dyes, chemicals, and fibers that require treatment before discharge. However, this effect wouldn’t be solely attributable to textile production growth and would depend on overall industrial activity and stricter regulations. Similarly, adsorbents are used in air filtration systems within textile factories to control dust and emissions. Growth in textile production could translate to more demand for such filtration systems, leading to increased use of adsorbents.

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The report also covers the following areas:

  • North America and APAC Adsorbent Market Size and Forecast
  • North America and APAC Adsorbent Market Trends
  • North America and APAC Adsorbent Market Analysis by Product Type

North America and APAC Adsorbent Market 2023-2030: Key Highlights

  • CAGR of the market during the forecast period 2023-2030
  • Value Chain Analysis of key stakeholders
  • Detailed analysis of market drivers and opportunities during the forecast period
  • North America and APAC Adsorbent Market size estimation and forecast
  • Analysis and predictions on end users’ behavior and upcoming trends
  • Competitive landscape and Vendor market analysis including offerings, developments, and financials
  • Comprehensive analysis of challenges and constraints in the North America and APAC Adsorbent Market

Covid and Ukrainian Crisis Impact:

  • The COVID-19 pandemic had a mixed impact on the growth of the adsorbent market in North America and APAC. On one hand, the pandemic disrupted global supply chains, leading to shortages of raw materials and delays in production, which affected the availability and cost of adsorbents. Industrial slowdowns and reduced demand from sectors like oil and gas, automotive, and manufacturing further hindered market growth. However, the pandemic also heightened the focus on healthcare, water treatment, and air purification, driving demand for adsorbents in these critical areas. In particular, the need for clean water and air in medical facilities and urban areas, as well as the increased production of pharmaceuticals, supported the market’s resilience. Overall, while COVID-19 created short-term challenges, it also underscored the importance of adsorbents in essential applications, positioning the market for recovery and long-term growth as economies stabilize.
  • The Russia-Ukraine war has had a significant impact on the adsorbent market in both North America and APAC, primarily through disruptions in supply chains and raw material shortages. The conflict has exacerbated global supply chain issues, affecting the availability and cost of essential materials used in adsorbent production, such as activated carbon and certain chemicals. This has led to increased production costs and delays in the delivery of adsorbents. In North America, where industries are heavily reliant on a stable supply of these materials, the conflict has created uncertainty and operational challenges. In APAC, where rapid industrial growth and environmental issues drive demand for adsorbents, the disruption has similarly strained supply chains and heightened costs. Additionally, the geopolitical instability has influenced global market dynamics and investment flows, affecting strategic decisions and growth prospects in both regions.

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List of Key Market Players in the North America and APAC Adsorbent Market:

The Global North America and APAC Adsorbent 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:

  • Arkema
  • Honeywell International Inc.
  • Basf SE
  • Cabot Corporation
  • Clariant AG
  • R. Grace & Co.-Conn
  • Calgon Carbon Corporation
  • Zeochem
  • Porocel
  • Zeolyst International
  • Akens
  • Delta Adsorbents
  • R. Grace & Company
  • Global Adsorbents Pvt. Ltd.
  • Dorf Ketal

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About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

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