Polymeric Adsorbents Market Trend, Covid-19 Outbreak, Information by Type, Modified Aromatic, Regional Analysis and Forecast to 2025

The growing use of polymer adsorbents, particularly in the pharmaceutical and food & beverage industry is expected to drive the global market growth during the forecast period. This is largely attributed to the growing demand for polymeric adsorbents for the removal of antibiotics, proteins, and other compounds from organic aqueous solutions in pharmaceutical applications. In addition, the increasing use of polymeric adsorbents in separation and purification processes to produce high-quality products and simultaneously discharge non-toxic industrial effluents is likely to fuel the demand for the product in the coming years.

The extraction processes carried out by employing synthetic polymeric adsorbents enables less solvent utilization and thus is a safe and cost-effective technique which is expected to drive demand for polymeric adsorbents globally.

Furthermore, the increased use of polymeric adsorbents in textile industries coupled with innovative advancements in the production of hybrid polymeric adsorbents suitable for both organic and inorganic aqueous solutions are further creating lucrative opportunities for the players operating in polymeric adsorbents market.

However, the high cost of polymeric adsorbents is likely to hamper the growth of the global market. Also, the conventional substitutes such as activated carbon and others that exhibit comparable performance characteristics are expected to pose a limitation to the polymeric adsorbents market

Regional Analysis

Global Polymeric Adsorbents Market Trend is analyzed for five major regions, namely North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.

Asia-Pacific was the dominant market for polymeric adsorbents in 2018 and is projected to register the highest CAGR during the forecast period owing to the rapid industrialization in the region. The increasing use of polymeric adsorbents as an adsorption media in the expanding food and beverage is expected to drive the growth of the regional market. Furthermore, the escalating use of polymeric adsorbents for the treatment of industrial wastewaters containing heavy metals such as arsenic, lead, and others is also expected to support the regional market growth. China, being one of the leading countries on the account of the presence of major end-use industries and is expected to the fastest-growing country-level market in the region. India and other Southeast Asian countries are also expected to propel the regional market growth owing to increasing demand for polymeric adsorbents in various end-use industries such as textile and pharmaceutical. For instance, the industrial output in China increased by 6.3% in 2018, whereas a similar trend has been observed in India with a growth rate of 3.4% in the first half of 2019.

Segmentation

The global polymeric adsorbents market has been segmented based on product, end-use industry, and region.

Based on type, the global market has been classified into aromatic (cross-linked polystyrene matrix), modified aromatic (brominated aromatic matrix) and methacrylic (methacrylic ester copolymer), and others.

Based on end use industry, the global market has been divided into food & beverages, pharmaceuticals, textile, chemical, and others

The global market, by region, has been categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Key Players

Purolite (US), The DOW Chemical Company (US), CHEMRA COMPANY (Germany), Sunresin New Materials Co.Ltd., Xi'an (China), Thermax Limited (India), Merck KGaA (Germany), LANXESS (Germany), Suzhou Nanomicro Technology Co., Ltd (China), Tianjin Nankai HECHENG S&T Co.,Ltd (China), and Mitsubishi Chemical Corporation (Japan).

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.