APAC Adsorbents Market - Forecast(2024 - 2030)

Report Code: CMR 1324 Report Format: PDF + Excel

APAC Adsorbents Market Overview

The APAC Adsorbents Market size is forecast to reach US$5.8 billion by 2030 after growing at a CAGR of 7.3% during 2024-2030. 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 2022 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 2023.

A prominent trend in the APAC Adsorbents Market is the increasing focus on sustainable and bio-based materials. As industries seek environmentally friendly alternatives, bio-based adsorbents derived from renewable sources gain traction. Additionally, the rising emphasis on green technologies and the push for sustainable practices in various sectors further propels the adoption of bio-based adsorbents which contributes to a positive outlook for the adsorbents industry during the forecast period.

Market Snapshot: 


Report Coverage
The report: “APAC Adsorbents Market – Forecast (2024 - 2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the global adsorbents industry.

By Type: Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites (Molecular Sieves) (Type 3A, Others), and Others
By Form: Powder, Flakes, and 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: China, Japan, South Korea, India, Australia, Indonesia, Malaysia, Thailand, Taiwan and 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 -in 2022, 212.19 million tons of crude oil were produced, with a year-on-year increase of 2.2 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.

APAC Adsorbents Market Segment Analysis – By Type

The zeolites segment held the largest share in the APAC Adsorbents Market in 2023. Zeolites have a high degree of hydration, which results in a stable low-density crystal structure with a large void volume. 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 Application
The petrochemical industry held the largest share in the market in 2023 and is expected to grow at a CAGR of 7.4% during 2024-2030. Adsorbents are utilized in the petrochemical industry to remove trace contaminants such as water and sulphur in the feed, intermediate, and product streams, for the smooth operation of the plant. 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 2023, natural gas production in Asia-Pacific increased from 579.0 billion cubic meters in 2016 to 762.1 billion cubic meters in 2023. 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 2023, owing to the bolstering growth of the oil & gas sector in China. According to the National Bureau of Statistics of China -in 2022, 212.19 million tons of crude oil were produced, with a year-on-year increase of 2.2 percent.. Natural gas production reached 199.4 billion cubic meters in 2023, up by 9.4% from last year, 19.2% increase from in 2019. With the increasing oil & gas production, the demand for petroleum refining and gas refining significantly increased, which accelerated the demand for Adsorbents in China.

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 2023 it was up to US$4024.6 million, an increase of about 26.03%. 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 2030, the Indian pharmaceutical market is projected to grow to US$120 billion and up to 8th in the world in value. 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.

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Adsorbents Industry Outlook
Top 10 companies in the APAC Adsorbents Market include:
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

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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 Hydrogen Purification Air Purification Carbon Purification Cryogenic Air Separation 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 Arkema
    15.2 Honeywell International Inc.
    15.3 BASF SE
    15.4 Cabot Corporation
    15.5 Clariant AG
    15.6 W. R. Grace & Co.-Conn
    15.7 Calgon Carbon Corporation
    15.8 Zeochem
    15.9 Porocel
    15.10 Zeolyst International

* "Financials would be provided to private companies on best-efforts basis."
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