Polymeric Adsorbents Market Size And Forecast

Polymeric Adsorbents Market was valued at USD 107.64 Million in 2019 and is projected to reach USD 188.18 Million by 2027, growing at a CAGR of 7.8% from 2020 to 2027.

Growing applications of polymeric adsorbents in emerging economies of APAC in particular and rising importance in purifications in the pharmaceutical and food & beverage industries are two main factors responsible for the growth of the global market. The Global Polymeric Adsorbents Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Polymeric Adsorbents Market Definition

Polymeric adsorbents are synthetic components with a porous nature and high surface area. It has the ability to adsorb a wide range of chemical compounds. There are various factors that affect the forces which initiate the interaction of molecules. These can be van der Waals forces, hydrogen bonds, ionic interactions, and hydrophobic interactions. Polymeric adsorbents are used for air separation, water treatment application, and drying purposes. These adsorbents are referred to as synthetic adsorbents. They possess various useful features such as excellent adsorption capacity, high pore size, and hydrophobicity.

Adsorbents are employed for removing and controlling trace contaminants due to various industrial processes including the production of sulfur fuels. These adsorbents are widely used in various applications. Removal of mercury in large scale crude oil/natural gas wellhead and insulation of glass window are some of the examples. Moreover, adsorbents play a vital role in the process aimed to manufacture modern-day specialized products. These polymers offer useful properties such as improved porosity, high durability, and more surface area compared to conventional adsorbents. Because of excellent physicochemical properties and adsorption features, several types of polymer adsorbents are employed in several end-user industries like pharmaceuticals, food & beverages, and others to treat phenolic wastes.

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Global Polymeric Adsorbents Market Overview

Growing applications of polymeric adsorbents in emerging economies of APAC in particular and rising importance in purifications in the pharmaceutical and food & beverage industries are two main factors responsible for the growth of the global market. The adsorbent is being widely used in various end-use industries including chemicals, water, and air treatment, and petrochemicals. Demand for polymeric adsorbent is rising from the Middle East and Latin America, and Asia Pacific. The trend has been continuing from past years and likely to continue over the forthcoming years.

In addition, the increased use of polymeric adsorbents in separation and purification processes to manufacture high-quality products and simultaneously remove non-toxic industrial effluents is expected to surge the demand for the product during the period. This is mainly attributed to the increasing use of polymeric adsorbents for the separation of antibiotics, proteins, and other compounds from organic aqueous solutions in pharmaceutical applications. These polymers offer useful properties such as improved porosity, high durability, and more surface area compared to conventional adsorbents. Because of excellent physicochemical properties and adsorption features, several types of polymer adsorbents are employed in several end-user industries like pharmaceuticals, food & beverages, and others to treat phenolic wastes. Also, depending on the operational requirements, properties such as mechanical strength, adsorption capacity, selectivity can be varied.

However, concerns pertaining to the environment in regard to the use of polymeric adsorbent are increasing. The use of adsorbent is resulting in water wastage on large scale. Hence, government bodies are forming regulations restricting the use of adsorbents. This may restrain the growth of the market.

Global Polymeric Adsorbents Market: Segmentation Analysis

The Global Polymeric Adsorbents Market is segmented on the basis of Product, End-use Industry, and Geography.

Polymeric Adsorbents Market, By Product

• Aromatic (Cross-linked Polystyrenic Matrix)
• Modified Aromatic (Brominated Aromatic Matrix)
• Methacrylic (Methacrylic Ester Copolymer)
• Others (Phenol Formaldehyde-based resins)

Based on Product, the market is bifurcated Aromatic (Cross-linked Polystyrenic Matrix), Modified Aromatic (Brominated Aromatic Matrix), Methacrylic (Methacrylic Ester Copolymer), Others (Phenol formaldehyde-based resins). The modified aromatic (brominated aromatic matrix) segment of the polymeric adsorbents market is projected to witness the highest growth during the forecast period. The growth of this segment can be attributed to properties, such as high hydrophobicity, excellent physical and chemical stability, and cleaner operations, of these adsorbents. modified aromatic (brominated aromatic matrix) polymeric adsorbents are widely consumed in the pharmaceutical industry for separation and purification of antibiotics, enzymes, etc.

Polymeric Adsorbents Market, By End-Use Industry

• Pharmaceuticals
• Food & Beverages
• Industrial

Based on End-use Industry, the market is bifurcated into Pharmaceutical, Food & Beverages, and Industrial. The pharmaceutical end-use industry segment of the polymeric adsorbents market is projected to witness the highest growth between 2017 and 2022. The growth of this segment can be attributed to the increasing use of polymeric adsorbents in processes, such as separation and purification of antibiotics, enzymes, modified aromatic (brominated aromatic matrix).

Polymeric Adsorbents Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of regional analysis, the Global Polymeric Adsorbents Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The Asia Pacific region is the largest market for polymeric adsorbents across the globe. The Asia Pacific polymeric adsorbents market is projected to witness the highest growth between 2016 and 2022. The growth of the Asia Pacific polymeric adsorbents market can be attributed to the presence of various key manufacturers of polymeric adsorbents in the region. The growth of the market in the Asia Pacific is also driven by the increasing demand for polymeric adsorbents from various end-use industries, such as pharmaceuticals, food & beverages, chemical, sugar, and mining in countries such as China, South Korea, Japan, and Taiwan.

Key Players In Polymeric Adsorbents Market

The “Global Polymeric Adsorbents Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players are The DOW Chemical Company, Mitsubishi Chemical Holdings Corporation, Purolite Corporation, Thermax Limite, Chemra GmbH, Sunresin New Materials Co. Ltd., Amicogen Biopharm Co. Ltd., Ajinomoto Fine-Techno Co. Ltd., Shanghai Bairy Technology Co. Ltd.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Polymeric Adsorbents Market Report Scope

REPORT ATTRIBUTES	DETAILS
Study Period	2016-2027
Base Year	2019
Forecast Period	2020-2027
Historical Period	2016-2018
Unit	Value (USD Million)
Key Companies Profiled	The DOW Chemical Company, Mitsubishi Chemical Holdings Corporation, Purolite Corporation, Thermax Limite, Chemra GmbH, Sunresin New Materials Co. Ltd., Amicogen Biopharm Co. Ltd.
Segments Covered

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