Saudi Arabia Adsorbent Market to Grow at a CAGR of 3.67% in the Forecast Period
Rising demand for various
applications are expected to drive Saudi Arabia Adsorbents
Market in the forecast period, 2024-2028.
According to TechSci Research
report, “Saudi Arabia Adsorbents Market – By Region, Forecast
and Opportunities, 2018-2028”,
Saudi
Arabia Adsorbents Market is anticipated to value at USD 138.08 million at a growth
rate of 3.67% in the forecast period. The rising demand for adsorbents in
various applications such as gas refining, petroleum refining, water treatment,
and others is driving Saudi Arabia Adsorbents market. Multiple advancements and studies align
towards the sustainable use of agro waste as the adsorbent in wastewater
treatments and other adsorbent uses. In general, choosing the right adsorbent
types to remove pollutants from an aqueous medium is a crucial task. There are
numerous adsorbents available with a range of chemical and physical
characteristics. Adsorbents can be divided into two categories: conventional
and non-conventional. Additionally, natural adsorbents and bio-sorbents are
non-conventional adsorbents. Conventional adsorbents include activated carbon
and silica gel. Natural materials are widely available, inexpensive, and have a
great deal of potential for application as adsorbents in a variety of
compounds. Activated carbon is one of the most
significant adsorbents for removing various salts from ground and surface water.
Natural zeolite is used as a low-cost adsorbent for dye and heavy metal removal
from water and wastewater.
However, the scarcity of raw materials like
coal, silicate, bauxite, zeolite, and clay and their limited coverage may hamper the growth of
the market in the forecast period.
Browse over 21 market
data Figures spread through 90 Pages and an in-depth TOC on “Saudi Arabia Adsorbents Market“.
Saudi Arabia Adsorbents
Market is segmented into type, application, region, and company.
Based on type,
the market is divided into activated carbon, molecular sieves, silica gel, and
others. The segment activated carbon is expected to
witness a rise over the forecast period. This is attributed to the rising
demand for activated carbon in waste segregation, water treatment,
and gas refining industry for various uses.
Based on application,
the market is segmented into petroleum refining, gas refining, water treatment,
and others. Petroleum refining is anticipated to grow at a faster rate during
the forecast period. Saudi Arabia is one of the largest producers of oil and the
largest export of fossils across the globe, hence demand adsorbents from
petroleum refining is boosting the demand for adsorbents in Saudi Arabia
Adsorbents Market.
Major
companies operating in Saudi Arabia Adsorbents Market are:
- BASF Saudi Arabia
Co. Ltd.
- Honeywell UOP
- Arkema
- Cabot Corporation
- Axens Catalyst
Arabia Ltd (ACAL)
- Sinopec Catalyst
Co. Ltd.
- Shell plc (Shell Catalysts
& Technologies)
- SABIC Industrial
Catalyst Company
- Clariant
Speciality Solutions
- AFI Group
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“Eastern region is expected to witness significant
growth in the upcoming years, due to the presence of most of the oil field and
hydrocarbon production plants in the region accounting for their application in
the petroleum industry. However, New technological advancement for sustainable development
of adsorbent via agro waste is driving market. Over 72 million tonnes of
agro-industrial waste are produced annually, with palm oil residues continues
to dominate. In the palm business, 17% of the weight of a bunch of fresh fruit
is equivalent to fiber residues (around 500 t/year) that are not used. Making
adsorbent materials is one common application for fiber to flourish the market
in the forecasted period.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
Saudi Arabia Adsorbents
Market, By Type (Activated Carbon, Silica Gel, Molecular
Sieves, Others), By Application (Gas Refining, Petroleum Refining, Water
Treatment, Others), By Region, Competition Forecast and Opportunities, 2028 has evaluated the future
growth potential of Saudi Arabia Adsorbents Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Saudi Arabia Adsorbents Market.
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