Adsorbents, which also act as desiccant and catalyst, are used in
various industrial applications to adsorb other substances. Adsorbents are used
for metal purification, water purification, deodorization of gases, drying of
gases and refrigerant gases and for many other purposes.
According to IndustryARC Research, the GlobalAdsorbents Market is estimated to grow at CAGR of 6.5% to reach $5.47 Billion by 2021.
Demand for Adsorbents from Oil & Gas and
Chemicals/Petrochemicals Applications Due To High Shale Oil and Gas Production
in North America
Adsorbents are used in oil & gas refining, water
treatment, air separation, VOC removal and many other applications. Crude
deliveries from oil sands and heavy reservoirs contain numerous contaminants
elements which need to be removed during the refining process. Adsorbents are
used to separate the hosting contaminants such as CS2, H2S, HF, oxygenates,
ammonia, nitrogen and sulphur compounds from hydrocarbon streams in diverse
refinery applications. Adsorbents market has the major share in North America
due to the high oil production from U.S. and Canada from shale sources.
Asia-Pacific (APAC) region was the major market
for adsorbent market and is estimated to grow at a high growth rate during the
forecast period 2016-2021. In the APAC
region, China, India and Japan are the major markets for adsorbents industry.
North America, which followed APAC in adsorbent
market, has a definite potential due to increase in demand for adsorbents in
oil & gas refining and chemicals/petrochemicals applications.
With several legislations in Europe related to
nuclear waste handling such as Radioactive Substances Act 1993 (RSA93), Environmental
Permitting (England and Wales) Regulations 2010, pull the demand for adsorbents
in the region during the forecast period.
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