DUBLIN--(BUSINESS WIRE)--The "Polymeric Adsorbents Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
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.
- Thermax Limited
- Mitsubishi Chemical Corporation
- CHEMRA COMPANY
- Sunresin New Materials Co. Ltd., Xi'an
- Suzhou Nanomicro Technology Co., Ltd.
- Tianjin Nankai HECHENG S&T Co.,Ltd
Key Market Trends
Growing Demand for Purification Processes in Food & Beverage and Pharmaceutical Industries
- The increasing use of polymer adsorbents particularly in pharmaceutical and food & beverage industry is anticipated to drive the market growth globally. 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, the properties such as mechanical strength, adsorption capacity, selectivity can be varied.
- Furthermore, 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.
Asia Pacific Region to Dominate the Market
- Asia-Pacific is anticipated to be the dominant market for polymeric adsorbents and is projected to witness the highest CAGR during the period on account of rapid industrialization in the region.
- The increased use of polymeric adsorbents as an adsorption media in the growing food and beverage industry is expected to drive the regional growth. Furthermore, the growing use of polymeric adsorbents for treatment of industrial wastewaters containing heavy metals like arsenic, lead, and others is also expected to support the regional market growth.
- The growing use of polymeric adsorbents resins owing to their properties such as hemocompatibility for the separation of compounds from blood and other biologic fluids in pharmaceutical applications is projected to boost the demand in the region.
- China is expected to lead the regional demand owing to the presence of major end-user industries. Other Southeast Asian countries are also expected to propel the regional growth owing to increased demand for polymeric adsorbents in several end-user industries such as textile and chemicals. For instance, the industrial output in China increased by 6.3% in 2018, whereas in India, similar trend with a growth rate of 3.4% was witnessed in the first half of 2019.
- India is expected to witness significant growth during the period on account of extensive use of polymeric adsorbents for the removal of harmful organic pollutants from industrial effluents coupled with the stringent norms in the region. In addition, the varied applications of polymeric adsorbents such as fragrance extraction, sweetener decolorization, limonin removal from citrus juices and others is creating surge in the regional demand.
- Due to the aforementioned factors, the demand for polymeric adsorbents is expected to increase in the region during the forecast period.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Growing Demand for Purification Processes in Food & Beverage and Pharmaceutical Industries
4.1.2 Increasing Use of the Product in Separation and Purification Processes
4.2.1 High Cost of Polymeric Adsorbents compared to Powdered Activated Carbon
4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
5 MARKET SEGMENTATION
5.3 End-user Industry
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) /Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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