Download PDF Brochure https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1173#utm_source=TWN&utm_medium=Nikita_K&utm_campaign=JulyThe globa...

Download PDF Brochure https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1173#utm_source=TWN&utm_medium=Nikita_K&utm_campaign=July
The global Adsorbents Market size is estimated to grow from USD 4.1 billion in 2021 to USD 5.6 billion by 2026, at a CAGR of 5.9% during the forecast period.
The driving factors for the adsorbents market is the industry growth is backed by the large-scale developments in oil & gas processing and socio-economic advancements such as the increased use of adsorbents in maintaining purity standards in various applications and because of environmental concerns

Market Dynamics
+ Driver: Increase in demand for oxygen concentrators
With the increase in COVID-19 cases and the shortage of oxygen cylinders across several states in India, oxygen concentrators are among the most sought-after devices for oxygen therapy, especially among patients in home isolation and for hospitals running out of oxygen.

+ Restraint: Reduced service life due to high level of impurities
Adsorbent materials have the ability to attract molecules on their surfaces, but this ability is limited. Once the capacity is over, further continuation with the refining and purification will create an equilibrium leading to desorption.

+ Opportunity: Denitrogenation/desulfurization technology
Increasing demand for distillate fuels and decreasing supplies of lighter, easy-to-process crude are forcing refineries to process heavier stocks. The major problems encountered during the processing of these types of stocks are the higher nitrogen and sulfur contents, which on burning produce nitrogen and sulfur oxides that cause serious environmental hazards.

+ Challenges: Depletion of raw materials
The basic raw materials that are used in the manufacturing of adsorbents are coal, bauxite, silicate, zeolite, and clay. All these mineral resources are naturally available, so to preserve them, the excess extraction and mining of these raw materials are not suitable. Since there are finite mineral resources, the exponential growth and expanding consumption are unmanageable. These depleting mineral resources can be a major challenge to the adsorbents market.