Polymeric Adsorbents Market 2019 Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2023

Market Overview:

Adsorbents are materials which can interact with specific substances and separate them from mixtures. Polymeric Adsorbents are synthetic materials which have the ability to adsorb various organic and inorganic compounds; hence they find their application in various industries such as food & beverage, textiles, pharmaceuticals, and chemical among others. Polymeric Adsorbents offer physical and chemical stability and better adsorption capacity as compared to other adsorbents. Polymeric Adsorbents have definite pore structure and high surface area.

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Polymeric Adsorbents are used in the food & beverage industry for removal of citrus juice debittering. They remove bitterness of the juices without altering the flavor and other components. They are also used for extraction of polyphenol (antioxidants) and recovery of plant extracts or natural sources from blueberries, cranberries and pomegranates, grape seeds and skins, pine bark, olive pulp, etc., for neutraceutical purposes. They are also used in Patulin removal from fruits, corn sweetener refining and more. Polymeric Adsorbents also find their application in adsorption of gases and organic vapors, adsorption of organic pollutants from aqueous solutions, enzyme immobilization, and size exclusion chromatography for inorganic salts. In the pharmaceutical industry, polymeric adsorbents are used for extracting peptides, antibiotics and proteins and also for purification and separation process. Polymeric Adsorbents are used for wastewater treatment in chemical industries, dye recovery in textile industry and also dye removal from industrial effluents. Polymeric Adsorbents also find their application in adsorption of gases and organic vapors, adsorption of organic pollutants from aqueous solutions, enzyme immobilization, and size exclusion chromatography for inorganic salts. The demand of polymeric adsorbents in various end-use industries has driven the market for Polymeric Adsorbents. Also, increasing concerns of regulatory authorities over water contamination and water treatment has affected the Polymeric Adsorbent Market as they have proven to be very effective in wastewater treatment.

According to a research report published by Market Research Future (MRFR), the Global Adsorbent Market is set a capture a CAGR of 6.5% in coming years which will reflect favorably on the Global Polymeric Adsorbents Market.

The most important advantage that Polymeric Adsorbents offer is availability at a low price and easy regeneration. Other adsorbents such as activated carbon are not only costly but also the regeneration of carbon is a complicated and expensive process. Polymeric Adsorbents are a safe, cost-effective and efficient alternative to conventional adsorbents.

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While Polymeric Adsorbents are being used intensively in industries, used Polymeric Adsorbents are a matter of concern. Used Polymeric Adsorbents have low degradability and high environmental accumulation and have been reported to cause fire, stinks and explosions on being released into the environment. Stabilization or proper disposal of used adsorbents involve high costs, although they can be reused. However, R&D activities are undertaken which will help overcome the price and disposal concerns.

Segmentation:

The Global Polymeric Adsorbents Market is segmented into three key dynamics based on Region, End-Use Industry and Type.

Based on Types, the market is segmented into aromatic (cross-linked polystyrenic matrix), modified aromatic (brominated aromatic matrix) and methacrylic (methacrylic ester copolymer) and others.

Based on End-Use Industries, the market is segmented into textile, chemicals, pharmaceuticals, and food & beverage and others.

By Region, the market is segmented into five key dynamics – Asia-Pacific, North America, Latin America, Europe and Middle East & Africa.

Competitive Analysis:

The Global Polymeric Adsorbents Market comprises of many large and small vendors. Companies like Mitsubishi Chemical Holdings Corporation (Japan), Ajinomoto Fine-Techno Co. Inc. (Japan), Sunresin New Materials Co. Ltd. (China), Biopharm Co., Ltd (China), Amicogen (China), Shanghai Bairy Technology Co., Ltd. (China), The DOW Chemical Company (U.S), Purolite (U.S.), Sigma-Aldrich Co. LLC (U.S.), CHEMRA COMPANY (Germany), and Thermax Global (India) are the major players operating in the industry.

Regional Analysis:

The Global Polymeric Adsorbents Market is segmented into five key regions – Asia-Pacific, North America, Europe, Latin America and Middle East & Africa. Asia-Pacific holds the most significant market share and is also the fastest growing market for polymeric adsorbents owing to the rapid development of pharmaceuticals and chemical sector in the region. India and China contribute mainly to this market share on account of the presence of many end-user industries. North America follows Asia-pacific in the market share. The U.S. is the largest market in the North American region which growing considerably due to the growth of the chemical and food & beverage industry. The Europe Polymeric Adsorbents Market is comparatively smaller than the other markets. There is a massive demand in Germany, Belgium, and U.K. for Polymeric Adsorbents in end-use industries such as food & beverage and textiles industry which makes these countries the key contributors in the region. Also, the presence of many major players in the region can drive the market in future. The growth of end-use industries such chemical and pharmaceutical in Latin America holds potential growth opportunities and the market is foreseen to grow at a significant CAGR during the forecast period. The Middle East and Africa region store potential growth and investment opportunities in end-use industries such as chemical and textile which would result in the expansion of the market in the coming years.

Industry Updates:

CycloPure Inc., a company which deals with next-gen water purification adsorbents, announced in March 2018 the receipt of Small Business Innovation Research (SBIR) Phase I grant being awarded by the National Institutes of Health. The company intends to develop its CD-PFAS High-Affinity Cyclodextrin Polymer (HACP) adsorbent which finds its application in wastewater treatment.

The Council for Scientific and Industrial Research (CSIR) is in the process of developing a low-cost polymer based adsorbent technology known as Nanoclay. It is being designed primarily to address the issue of acid mine drainage.

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Polymeric Adsorbents Market is growing at CAGR of ~6.5% to reach a billion dollar figure in coming years

Market Segmentation:
The Global Polymeric Adsorbent Market is segmented on the basis of type, end use industry, and region. On the basis of type, the market is divided modified Aromatic (brominated aromatic matrix), aromatic (cross-linked polystyrenic matrix), and methacrylic (methacrylic ester copolymer), and others. Among these types, the modified aromatic adsorbent is holding major share of the overall demand of polymeric adsorbents. During the forecast period, this segment is expected to grow at highest CAGR. This is attributed to it low cost and major usage in end use industry in such as pharmaceutical. Its exhibits greater hydrophobicity and suitable for adsorption of organic substances of very low concentration. Aromatic adsorbent is another significant type polymeric adsorbent. It is based on cross-linked polystyrenic matrix. They are widely used in different industrial applications including extraction of antibiotic intermediates from fermentation broth, separation of peptides, and reduce bittering of citrus juice. Growing food & beverages industry is growing at significantly higher rate, which may fuel the demand of aromatic polymer adsorbents.

Based on end use industry, the Global Polymeric Adsorbent Market is segmented into pharmaceuticals, food & beverages, textile, and chemicals, among the others. Among these end use industries, pharmaceutical industry is growing at highest CAGR. This attributed to a growing use of polymeric adsorbent in separation and purification processes to recover more essential material and discharge less harmful effluent. Global pharmaceutical market is estimated to reach ~USD 1.2 trillion by the end of 2023. This is expected to boost the demand of polymeric adsorbents. Food & beverages industry is one of the major consumer of Polymeric Adsorbents. Polymeric adsorbents are mainly used to extract an essential bacteria and enzymes to use them in fermentation process. Global food and beverage waste management market is estimated to grow at ~6% CAGR during the forecast period, which may drive the demand of Polymeric Adsorbents. The government regulations compelling treatment of an effluent from textile and dye industry is anticipated to propel growth in demand of Polymeric Adsorbent in its global market.

Geographically, the Global Polymeric Adsorbent Market is segmented into five major regions including, Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest and fastest growing region in the Global Polymeric Adsorbent Market. India and China are the leading markets in this region on account of the presence of major end use industries such as pharmaceutical and chemicals. Asian pharmaceutical market is poised to become the biggest pharmaceutical market in the world. This is attributed to an increasing amount of R&D and manufacturing that are migrating to Asia are fueling the region’s dynamic growth. World Health Organization (WHO) recently has appreciated the efforts of South East Asian countries for their pharmaceutical waste management. This is expected to further push the growth of the regional market. In addition to pharmaceutical, food and beverages industry is growing at considerable rate in the region. The growing concern of waste discharged and generated from textile and other chemicals industry has driven the authorities to put some regulatory measures in place, which is expected to fuel the demand of Polymeric Adsorbents in these industries.

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North America is closely following Asia Pacific in terms of market size in the Global Polymeric Adsorbents Market. U.S. is the largest market in this region, which is attributed to the growing food & beverage industry along with the chemicals industry. The trend of packaged and processed food in this region is a major factor driving demand of Polymeric Adsorbents. Food packing also involves major use of polymeric adsorbents due to its hydrophobicity. Apart from food and beverage industry, chemical industry is also growing at sufficiently higher CAGR. The U.S chemical exports stands nearly 15% of the global chemical shipment. In coming years with the stringent measures already in place to treat waste from pharmaceutical, food & beverages and other chemical industries. Europe is holding comparatively smaller share in the Global Polymeric Adsorbent Market, on account sluggish economic growth in major end use industries in recent times. Yet, countries namely U.K., Germany, and Belgium are major markets in this region owing to the growing demand of Polymeric Adsorbents by end use industries such as food & beverages and textile industry. Apart from this, there is a significant presence of key players which may help push growth of the regional market. Latin America is anticipated to grow at significant CAGR in coming years on account of growing end use industries such as chemicals and pharmaceutical in this region. The Middle East and Africa would join hand with the leading regions in the global polymeric adsorbents market owing to the vast investment potential and growth opportunities in end use industries such as chemicals and textile.