Various factors are propelling the polymeric adsorbents market growth. Some of these factors according to the Market Research Future (MRFR) report, include the growing demand in various high-end applications in the food and beverage and pharmaceutical industry, technological advancements, and huge investments in research and technology. Additional factors pushing market growth include its wide use in removing organic pollutants from aqueous wastes, groundwater, and vapor streams, removal of nonpolar or polar compounds from polar or non-aqueous solvents, enzyme immobilization, and recovery of plant extracts. Moreover, polymeric adsorbents have excellent physical and thermal stability, which again is pushing market growth.
The polymeric adsorbents market is predicted to grow at a 6.5% CAGR over the forecast period (2016-2030), states the new Market Research Future (MRFR) report. Polymeric adsorbent, simply put, is a synthetic adsorbent material that is used in several applications in various industries including textiles, chemicals, food and beverage, pharmaceutical, and others. Such adsorbents possess excellent properties such as greater adsorption capacity, cleaner operations, and good physical and chemical stability.
On the contrary, the high cost may hamper the polymeric adsorbents market growth over the forecast period.
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Competitive Landscape
Some of the key companies profiled in the MRFR’s report include CHEMRA COMPANY (Germany), Thermax Global (India), Shanghai Bairy Technology Co., Ltd. (China), Ajinomoto Fine-Techno Co., Inc. (Japan), Sigma-Aldrich Co. LLC. (U.S.), The DOW Chemical Company (U.S), Purolite (U.S.), Biopharm Co., Ltd. (China), Mitsubishi Chemical Holdings Corporation (Japan), Amicogen (China) and Sunresin New Materials Co. Ltd. (China).
Market Segmentation
The MRFR report provides a complete segmental analysis of the polymeric adsorbents market on the basis of end use industry and type.
Based on Type, the polymeric adsorbents market is segmented into modified aromatic, aromatic, methacrylic, and others. The modified aromatic segment is further segmented into brominated aromatic matrix, the aromatic segment is further segmented into cross-linked polystyrenic matrix, and the methacrylic segment is further segmented into methacrylic ester copolymer. Of these, the modified aromatic adsorbent segment will have the largest share in the market over the forecast period.
Based on End Use Industry, the polymeric adsorbents market is segmented into chemicals, textile, food and beverages, pharmaceuticals, and others. Of these, the pharmaceutical segment will dominate the market over the forecast period. This is owing to its rising use in processes including separation as well as purification of modified aromatic, enzymes, and antibiotics.
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Global Polymeric Adsorbents Market: Regional Segmentation
On the basis of region, the market has been segmented into the Middles East & Africa (MEA), Latin America, Europe, North America and Asia Pacific (APAC). Of these, Asia Pacific holds a standout market position owing to the robust growth of industries such as chemicals and pharmaceutical in the region. Within APAC, China and India are viewed as the two most crucial markets for polymeric adsorbents. On the back of rampant growth of end use industries, market players are finding significant growth opportunities in these two countries. Following on the heels of Asia Pacific is North America, which represents an impressive market for polymeric adsorbents. North America, led by the U.S. holds the second spot and is expected retain its position over 2023. Presence of several large-scale end-use industries such as chemicals and F&B supports the market growth in the region. Whereas, regions such as Europe, LatAm and MEA accounts for relatively smaller market share. Of the three regions, Europe represents the most radiant market for polymeric adsorbents. In Europe, market growth will be more prominent in countries such as Germany, the U.K. and Belgium. The LatAm and MEA markets are also expected to witness a steady growth but from a lower base. In these regions, market growth is likely to be stronger towards the end of the forecast period.
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