Polymeric Adsorbents Market by Type (Aromatic (Crosslinked Polystyrenic Matrix), Modified Aromatic (Brominated Aromatic Matrix), Methacrylic (Methacrylic Ester Copolymer), and Phenol Formaldehyde), End-Use Industry, and Region - Global Forecast to 2028
The Global Polymeric Adsorbents Market size is projected to grow from USD 130 million in 2023 to USD 170 million by 2028, at a CAGR of 5.5% from 2023 to 2028. Polymeric adsorbents are synthetic materials designed with porous structures for the selective adsorption and separation of specific components from diverse substances. Widely utilized in industries such as pharmaceuticals, water treatment, food, and chemical processing, they offer high adsorption capacity, chemical stability, and customization options to enhance purification and separation processes. Polymeric adsorbents play a pivotal role in ensuring product quality, environmental sustainability, and the efficient removal of contaminants in various industrial applications.
Attractive Opportunities in the Polymeric Adsorbent Market
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Polymeric adsorbent Market Dynamics
Driver: High Demand for Polymeric Adsorbents in the Pharmaceutical and Food & Beverage Industries
Polymeric adsorbents play a pivotal role in purification and separation processes within the pharmaceutical and food & beverage sectors. These industries necessitate the extraction of high-quality and purified products, involving the removal of undesired components. Polymeric adsorbents excel in this regard, offering superior efficiency and minimal contamination in comparison to other adsorbents. Their robust resistance to caustic and acidic conditions further enhances their appeal. As a result, polymeric adsorbents are the preferred choice for purifying and separating food & beverage and pharmaceutical products. This high demand from key industries significantly drives the growth of the polymeric adsorbents market.
Restraint: Volatility in Raw Material Prices
Polymeric adsorbents are primarily composed of polymer beads, often crafted from polystyrene with sulfonate or amine groups to form cation or anion exchangers. Polystyrene, a vital component, is derived from the monomer styrene, an aromatic hydrocarbon polymer. Consequently, the availability and pricing of polystyrene are intrinsically linked to the unpredictable dynamics of the oil industry. The polymeric adsorbents market has experienced price fluctuations due to the uncertainty surrounding raw material costs, further compounded by the volatility in energy and logistics expenses. This inconsistency in raw material prices poses a notable challenge for the polymeric adsorbents industry.
Opportunity: Increased Demand for Polymeric Adsorbents in Industrial Applications
Polymeric adsorbents have found extensive utility in various industrial applications, serving critical roles such as the removal of phenol and substituted phenols from aqueous and non-aqueous streams, the recovery of heterocyclic amines, purification of alkanol amines, and the extraction of benzene, toluene, and xylene. These versatile materials are also employed in the decolorization of organic streams and the treatment of Kraft pulp mill effluents, in addition to the purification of hydrogen peroxide. The adoption of improved adsorption technologies in purification processes has become essential for chemical industries worldwide, driven by stringent government regulations concerning flue and toxic gas emissions. In this context, polymeric adsorbents have emerged as a superior alternative to activated carbon, particularly in terms of their average pore diameter. These attributes position polymeric adsorbents for lucrative growth opportunities, making them a preferred choice for industrial applications in the future.
Challenge: Limited Regulatory Framework in Emerging Economies
Emerging economies in regions like APAC, the Middle East & Africa, and South America face challenges due to the absence of stringent regulatory emissions and water quality standards when compared to their developed counterparts. This regulatory gap hampers the growth of the polymeric adsorbents market. The lack of effective procedures for managing pollutants from agricultural and industrial sources contributes to water pollution and its associated health risks. While these emerging economies possess substantial potential for utilizing polymeric adsorbents in purification applications, the absence of rigorous regulations and standardized wastewater treatment procedures acts as a hindrance, limiting the demand for polymeric adsorbents and constraining their growth in these developing regions.
ECOSYSTEM
By Type Aromatic polymeric adsorbents to have highest growth in the forecast period
The aromatic segment is poised to exhibit the highest CAGR between 2023 and 2028 in the polymeric adsorbents market. This exceptional growth is attributed to the escalating utilization of aromatic polymeric adsorbents, characterized by their cross-linked polystyrenic matrix, across a diverse range of industries. Notably, these materials are preferred for their remarkable hydrophobicity, substantial adsorption capacity, and outstanding pressure and flow characteristics. These valuable properties have resulted in a notable surge in the consumption of aromatic polymeric adsorbents, particularly within the pharmaceutical and food & beverage industries.
By end-use industry, the pharmaceutical segment led the market in 2022.
The pharmaceutical industry claims the top spot among end-use industries in the polymeric adsorbents market due to several compelling factors. Firstly, pharmaceutical products demand exceptionally high purity and quality, making the purification and separation processes of paramount importance. Polymeric adsorbents, with their outstanding adsorption capacity and stability, cater to these stringent requirements effectively. Additionally, the pharmaceutical sector is constantly evolving and expanding, with emerging markets contributing to the industry's growth. The demand for polymeric adsorbents in this sector extends to applications such as the purification of antibiotics, enzymes, bulk drugs, and vaccines. These critical functions, combined with the industry's emphasis on product quality and regulatory compliance, establish pharmaceuticals as the largest end-use industry in the polymeric adsorbents market.
North America to be the second largest market in 2022:
North America ranks as the second-largest region, following the Asia-Pacific (APAC). This prominence is primarily attributed to North America's robust industrial and pharmaceutical sectors, which drive substantial demand for polymeric adsorbents. The region's advanced healthcare and food & beverage industries also play a significant role in this ranking. Moreover, stringent regulations and environmental concerns in North America necessitate effective purification and separation solutions, further fueling the demand for polymeric adsorbents. The combination of these factors positions North America as a key market in the global polymeric adsorbents industry.
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Key Market Players
The Polymeric adsorbent market comprises key manufacturers such as DuPont de Nemours, Inc. (US), Mitsubishi Chemical Corporation (Japan), Purolite Corporation (US), Chemra GmbH (Germany), Sunresin New Materials Co. Ltd. (China), Lanxess AG (Germany), and Thermax Limited (India), and others. Expansions, mergers & acquisitions, new product launches and deals were some of the major strategies adopted by these key players to enhance their positions in the polymeric adsorbent market. A major focus was given to the expansions and deals.
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- Latest News, Updates & Trend analysis
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Report Metric |
Details |
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Market size available for years |
2021–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD thousands) and Volume (thousand liters) |
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Segments Covered |
Type, End-Use industry, and Region |
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Geographies covered |
North America, Asia Pacific, Europe, South America, and Middle East & Africa. |
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Companies covered |
DuPont de Nemours, Inc. (US), Mitsubishi Chemical Corporation (Japan), Purolite Corporation (US), Chemra GmbH (Germany), Sunresin New Materials Co. Ltd. (China), Lanxess AG (Germany), and Thermax Limited (India) are the top manufacturers covered in the polymeric adsorbent market. |
This research report categorizes the polymeric adsorbent market based on type, end-use industry, and region.
Polymeric adsorbent Market, By Type
- Aromatic (crosslinked polystyrenic matrix)
- Modified aromatic (brominated aromatic matrix)
- Methacrylic (methacrylic ester copolymer)
- Phenol formaldehyde
Polymeric Adsorbent Market, By End Use Industry
- Pharmaceutical
- Food & Beverage
- Industrial
- Others
Polymeric adsorbent Market, By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Recent Developments
- In September 2023, Lanxess introduce a new mixed-bed resin tailored to produce pure water in semiconductor manufacturing.
- In January 2021, Lanxess invested between USD 97 million-145 million (EUR 80 million-120 million) in constructing a new production facility for ion exchange resins and adsorbents.
- In September 2023, DuPont launched the first ion exchange resin for the production of green hydrogen.
- In 2021, Ion Exchange (India) Ltd. was awarded a contract by the state water supply and sanitation mission for Namami Gange, and the Rural Water Supply Department as part of the Jal Jeevan Mission.
- In January 2020, DuPont completed the acquisitions of Desalitech, inge GmbH, Memcor, and OxyMem Limited, thereby adding to its leading portfolio of water purification and separation technologies, including ultrafiltration, reverse osmosis, and ion exchange resins.
Frequently Asked Questions (FAQ):
What are the major drivers driving the growth of the polymeric adsorbent market?
The major drivers influencing the growth of the polymeric adsorbent market are stringent regulations regarding water treatment and increasing pharmaceutical production.
What are the major challenges in the polymeric adsorbent market?
The major challenge in the polymeric adsorbent market are- rising oil prices, economic slowdown, and raw material price fluctuations.
What are the restraining factors in the polymeric adsorbent market?
The major restraining factor is the relatively high cost of these adsorbents.
What is the key opportunity in the polymeric adsorbent market?
Meeting the specific needs of various industries through the customization of polymeric adsorbents offers opportunities for niche and specialized markets.
Who are the key players in the global polymeric adsorbents market?
The key players operating in the polymeric adsorbents market are DuPont de Nemours, Inc. (US), Mitsubishi Chemical Corporation (Japan), Purolite Corporation (US), Chemra GmbH (Germany), Sunresin New Materials Co. Ltd. (China), Lanxess AG (Germany), and Thermax Limited (India), amongst others. .
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The study involved four major activities for estimating the current size of the global polymeric adsorbent market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of polymeric adsorbent through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the polymeric adsorbent market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the polymeric adsorbent market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies, trade directories, and databases.
Primary Research
The polymeric adsorbent market comprises several stakeholders in the supply chain, which include suppliers, processors, and end-product manufacturers. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the polymeric adsorbent market. Primary sources from the supply side include associations and institutions involved in the polymeric adsorbent industry, key opinion leaders, and processing players.
Following is the breakdown of primary respondents—
Notes: Other designations include product, sales, and marketing managers.
Tiers of the companies are classified based on their annual revenues as of 2022, Tier 1 = >USD 5 Billion, Tier 2 = USD 1 Billion to USD 5 Billion, and Tier 3= <USD 1 Billion.
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the global polymeric adsorbent market. These approaches were also used extensively to estimate the size of various segments of the market. The research methodology used to estimate the market size included the following details:
- The key players in the industry were identified through extensive secondary research.
- The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
- All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.
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Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments of the polymeric adsorbent market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.
In addition, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources—top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.
Market Definition
Polymeric adsorbents refer to synthetic materials with porous structures designed for the selective adsorption and separation of specific components from various substances. These materials are widely utilized in industries such as water treatment, pharmaceuticals, food and beverage processing, and chemical engineering, where they demonstrate high adsorption capacity, chemical stability, and customization potential to enhance purification and separation processes. Polymeric adsorbents play a critical role in ensuring product quality, environmental sustainability, and the efficient removal of contaminants in a range of industrial applications.
Key Stakeholders
- Raw material suppliers
- Polymeric adsorbent manufacturers
- Government & regulatory bodies
- Research organizations
- Associations and industry bodies
- End users
- Traders and distributors
Report Objectives
- To define, analyze, and project the size of the polymeric adsorbent market in terms of value and volume based on type, end-use industry and region.
- To project the size of the market and its segments with respect to the five main regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America
- To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders.
- To analyze the competitive developments, such as new product launches, expansions, and acquisitions, in the polymeric adsorbent market
- To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies.
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:
Product Analysis:
- Product Matrix which gives a detailed comparison of the product portfolio of each company
Regional Analysis:
- Further breakdown of the Rest of APAC market
- Further breakdown of Rest of Europe market
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Polymeric Adsorbents Market