Market Size of Polymeric Adsorbents Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Polymeric Adsorbents Market Analysis
The market for polymeric adsorbents is expected to grow at a CAGR of more than 6% globally. Major factor driving the market studied is the growing demand for polymeric adsorbents in purification processes in food & beverage and pharmaceutical industries, along with increasing use of the product in separation and purification processes. On the flip side, high cost of polymeric adsorbents in comparison to powdered activated carbon and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
- The pharmaceutical industry is expected to dominate the end-user industry segment of the global polymeric adsorbents market mainly because of high demand for the removal of antibiotics, proteins, and other compounds from organic aqueous solutions in pharmaceutical applications.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, India, and Japan.
Polymeric Adsorbents Industry Segmentation
The Polymeric Adsorbents Market report includes:
Type | |
Methacrylic | |
Aromatic | |
Modified Aromatic | |
Others |
Application | |
Anthocyanin Removal | |
Chlorinated Solvents Removal | |
Heterocyclic Amines Removal | |
Purification of Alkanolamines | |
Sugar Decolorization | |
Others |
End-user Industry | |
Food and Beverage | |
Industrial | |
Chemicals | |
Pharmaceutical | |
Textile | |
Others |
Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Polymeric Adsorbents Market Size Summary
The polymeric adsorbents market is poised for significant growth, driven by increasing demand in the food & beverage and pharmaceutical industries. These adsorbents are increasingly utilized in purification processes, particularly for the separation of antibiotics, proteins, and other compounds from organic aqueous solutions. Their superior properties, such as enhanced porosity, durability, and surface area, make them preferable over traditional adsorbents like powdered activated carbon. However, the high cost of polymeric adsorbents and challenges posed by the COVID-19 pandemic are potential barriers to market expansion. The pharmaceutical sector is expected to be the leading end-user, with the Asia-Pacific region anticipated to dominate the market due to rapid industrialization and growing demand in countries like China, India, and Japan.
The Asia-Pacific region is projected to experience the highest growth rate, fueled by the increasing application of polymeric adsorbents in the food and beverage industry and the treatment of industrial wastewater containing heavy metals. The region's growth is further supported by the use of these adsorbents in pharmaceutical applications, such as the separation of compounds from blood and other biological fluids. China is expected to lead regional demand due to its robust end-user industries, while India is anticipated to see significant growth due to stringent environmental regulations and extensive use in removing organic pollutants from industrial effluents. The market is partially consolidated, with major players like Purolite, DuPont, Thermax Limited, LANXESS, and Mitsubishi Chemical Corporation holding substantial market shares.
Polymeric Adsorbents Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Growing Demand for Purification Processes in Food & Beverage and Pharmaceutical Industries
-
1.1.2 Increasing Use of the Product in Separation and Purification Processes
-
-
1.2 Restraints
-
1.2.1 High Cost of Polymeric Adsorbents compared to Powdered Activated Carbon
-
1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porters Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Methacrylic
-
2.1.2 Aromatic
-
2.1.3 Modified Aromatic
-
2.1.4 Others
-
-
2.2 Application
-
2.2.1 Anthocyanin Removal
-
2.2.2 Chlorinated Solvents Removal
-
2.2.3 Heterocyclic Amines Removal
-
2.2.4 Purification of Alkanolamines
-
2.2.5 Sugar Decolorization
-
2.2.6 Others
-
-
2.3 End-user Industry
-
2.3.1 Food and Beverage
-
2.3.2 Industrial
-
2.3.3 Chemicals
-
2.3.4 Pharmaceutical
-
2.3.5 Textile
-
2.3.6 Others
-
-
2.4 Geography
-
2.4.1 Asia-Pacific
-
2.4.1.1 China
-
2.4.1.2 India
-
2.4.1.3 Japan
-
2.4.1.4 South Korea
-
2.4.1.5 Rest of Asia-Pacific
-
-
2.4.2 North America
-
2.4.2.1 United States
-
2.4.2.2 Canada
-
2.4.2.3 Mexico
-
-
2.4.3 Europe
-
2.4.3.1 Germany
-
2.4.3.2 United Kingdom
-
2.4.3.3 France
-
2.4.3.4 Italy
-
2.4.3.5 Rest of Europe
-
-
2.4.4 South America
-
2.4.4.1 Brazil
-
2.4.4.2 Argentina
-
2.4.4.3 Rest of South America
-
-
2.4.5 Middle-East and Africa
-
2.4.5.1 Saudi Arabia
-
2.4.5.2 South Africa
-
2.4.5.3 Rest of Middle-East and Africa
-
-
-
Polymeric Adsorbents Market Size FAQs
What is the current Polymeric Adsorbents Market size?
The Polymeric Adsorbents Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Polymeric Adsorbents Market?
Purolite, DuPont, Thermax Limited, LANXESS and Mitsubishi Chemical Corporation are the major companies operating in the Polymeric Adsorbents Market.