#Xylene Market size

[poonam21maximize]

Meta Xylene Market Share and Growth Outlook: Key Factors Shaping the Industry

Meta-Xylene Market Share  Projected to Reach USD 2.26 Billion by 2032

Rising Demand in PET Production and Technological Advancements Drive Market Growth

The Global Meta-Xylene Market Share, valued at USD 1.55 billion in 2024, is anticipated to reach USD 2.26 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2025 to 2032.

Access your sample copy of this report right now: https://www.maximizemarketresearch.com/request-sample/188421/

Market Definition and Overview

Meta-xylene (m-xylene) is an aromatic hydrocarbon with the molecular formula C₈H₁₀, also known as 1,3-dimethylbenzene. It is a colorless liquid with a sweet odor, primarily utilized as a chemical raw material in the production of plastics, polyester resins, and synthetic fibers. Derived from the refining of petroleum or the processing of coal tar, meta-xylene is a crucial feedstock in manufacturing isophthalic acid (IPA), which is integral to producing polyethylene terephthalate (PET) resins. These resins are extensively used in creating polyester fibers, films, and packaging materials.

Secure your sample copy of this report immediately: https://www.maximizemarketresearch.com/request-sample/188421/

Market Growth Drivers and Opportunities

Several factors are propelling the expansion of the meta-xylene market:

Surging PET Industry Demand: The robust growth of the PET industry significantly influences the meta-xylene market. PET resins, known for their high strength, transparency, and recyclability, are in high demand across sectors such as packaging, textiles, and automotive. This demand directly correlates with increased meta-xylene consumption, as it is a vital component in PET production.

Technological Advancements in Production Processes: Innovations in meta-xylene production, including the development of more efficient catalytic processes and extraction techniques, have enhanced yield and purity. These advancements reduce production costs and environmental impact, making meta-xylene more accessible and sustainable for various applications.

Growth in End-Use Industries: Industries such as automotive, aerospace, and construction are increasingly utilizing meta-xylene-derived materials. The automotive sector, for instance, leverages PET and other polymers for lightweight, fuel-efficient vehicle components, thereby boosting meta-xylene demand.

Emphasis on Sustainability and Recycling: The global shift towards a circular economy has heightened the focus on recycling PET products. Meta-xylene plays a role in producing recycled PET, offering an environmentally friendly alternative to virgin materials and aligning with sustainability goals.

Grab your free sample copy of this report today: https://www.maximizemarketresearch.com/request-sample/188421/

Segmentation Analysis

The meta-xylene market is segmented based on application and end-use industry.

By Application:

Isophthalic Acid Production: Meta-xylene is predominantly used in synthesizing isophthalic acid, a key intermediate in producing high-performance polymers and resins.

Solvents: Utilized as a solvent in various industrial processes due to its effective dissolving properties.

Other Derivatives: Includes the production of dyes, pigments, and other chemicals where meta-xylene serves as a precursor.

By End-Use Industry:

Packaging: The largest consumer of PET resins, driven by the demand for lightweight and durable packaging solutions.

Textiles: Utilizes polyester fibers derived from PET for fabric production.

Automotive: Employs PET and related polymers for manufacturing components that enhance fuel efficiency and performance.

Construction: Uses meta-xylene derivatives in producing materials like coatings and adhesives.

Country-Level Analysis

United States: The U.S. market benefits from a well-established petrochemical industry and significant demand from packaging and automotive sectors. Ongoing investments in research and development further bolster meta-xylene applications.

Germany: As a leading player in automotive manufacturing and industrial production, Germany exhibits a strong demand for meta-xylene. The country's emphasis on innovation and sustainability drives the adoption of advanced materials derived from meta-xylene.

Interested in market data? The research report summary provides critical insights: https://www.maximizemarketresearch.com/market-report/meta-xylene-market/188421/

Competitive Landscape

The meta-xylene market is characterized by strategic initiatives such as mergers, acquisitions, collaborations, and technological innovations aimed at enhancing market presence and meeting diverse industry requirements. Notable companies include:

Merck KGaA: A global science and technology company, Merck KGaA offers a range of chemicals and materials, including meta-xylene, catering to various industrial applications.

Honeywell International Inc.: A diversified technology and manufacturing leader, Honeywell provides meta-xylene for use in high-performance materials and specialty chemicals.

Chevron Phillips Chemical Company: Specializing in petrochemicals and polymers, Chevron Phillips produces meta-xylene as part of its extensive portfolio, serving industries worldwide.

Mitsubishi Gas Chemical Company, Inc.: A prominent chemical manufacturer, Mitsubishi Gas Chemical offers meta-xylene and its derivatives, focusing on innovation and sustainability.

Explore Our Top Trends:

Coated Fabrics Market

Toluene Market

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

[theinsightpartnerschemical]

Mixed Xylene Market Proliferation and Advancement Forecast 2031

The market research study titled “Mixed Xylene Market Share, Trends, and Outlook | 2031,” guides organizations on market economics by identifying current Mixed Xylene market size, total market share, and revenue potential. This further includes projections on future market size and share in the estimated period. The company needs to comprehend its clientele and the demand it creates to focus on a smaller selection of items. Through this chapter, market size assists businesses in estimating demand in specific marketplaces and comprehending projected patterns for the future.

The Mixed Xylene market report also provides in-depth insights into major industry players and their strategies because we understand how important it is to remain ahead of the curve. Companies may utilize the objective insights provided by this market research to identify their strengths and limitations. Companies that can capitalize on the fresh perspective gained from competition analysis are more likely to have an edge in moving forward.

With this comprehensive research roadmap, entrepreneurs and stakeholders can make informed decisions and venture into a successful business. This research further reveals strategies to help companies grow in the Mixed Xylene market.

Market Analysis and Forecast

This chapter evaluates several factors that impact on business. The economics of scale described based on market size, growth rate, and CAGR are coupled with future projections of the Mixed Xylene market. This chapter is further essential to analyze drivers of demand and restraints ahead of market participants. Understanding Mixed Xylene market trends helps companies to manage their products and position themselves in the market gap.

This section offers business environment analysis based on different models. Streamlining revenues and success is crucial for businesses to remain competitive in the Mixed Xylene market. Companies can revise their unique selling points and map the economic, environmental, and regulatory aspects.

Report Attributes

Details

Segmental Coverage

Grade

Isomer Grade

Solvent Grade

Application

Fuel Blending

Solvents

Thinners

Raw Materials

End Use Industries

Paints and Coatings

Pesticides

Chemicals

Gasoline

Printing

Rubber and Leather

Regional and Country Coverage

North America (US, Canada, Mexico)

Europe (UK, Germany, France, Russia, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, Australia, Rest of APAC)

South / South & Central America (Brazil, Argentina, Rest of South/South & Central America)

Middle East & Africa (South Africa, Saudi Arabia, UAE, Rest of MEA)

Market Leaders and Key Company Profiles

Chevron Phillips Chemical Company LLC

China National Petroleum Corporation

Exxon Mobil Corporation

Flint Hills Resources, LLC

GS Caltex Corporation

Idemitsu Kosan Co., Ltd.

LOTTE Chemical CORPORATION

Royal Dutch Shell plc

TOTAL S.A.

YPF Sociedad An?nima

Other key companies 

Our Unique Research Methods at The Insight Partners

We offer syndicated market research solutions and consultation services that provide complete coverage of global markets. This report includes a snapshot of global and regional insights. We pay attention to business growth and partner preferences, that why we offer customization on all our reports to meet individual scope and regional requirements.

Our team of researchers utilizes exhaustive primary research and secondary methods to gather precise and reliable information. Our analysts cross-verify facts to ensure validity. We are committed to offering actionable insights based on our vast research databases.

Strategic Recommendations

Strategic planning is crucial for business success. This section offers strategic recommendations needed for businesses and investors. Forward forward-focused vision of a business is what makes it through thick and thin. Knowing business environment factors helps companies in making strategic moves at the right time in the right direction.

Summary:

Mixed Xylene Market Forecast and Growth by Revenue | 2031

Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities

Market Segmentation – A detailed analysis by product, types, end-user, applications, segments, and geography

Competitive Landscape – Top key players and other prominent vendors

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us: www.theinsightpartners.com

[chemicalresearchupdates]

Navigating the Global Benzene Toluene Xylene Market: Key Players and Growth Factors

Definition: Benzene, toluene, and xylene are organic compounds characterized by a six-carbon ring structure with alternating single and double bonds. They are classified as aromatic hydrocarbons due to their unique ring arrangement and exhibit distinct chemical properties. These compounds serve as fundamental building blocks in the chemical industry, finding applications in the production of various products, including plastics, resins, synthetic fibers, and solvents.

Market Overview: The BTX market is a vital segment of the global petrochemical industry. These aromatic compounds are primarily derived from crude oil or natural gas through processes such as catalytic reforming and steam cracking. The market is characterized by its significance in supplying raw materials to numerous downstream industries, making it a critical component of the global supply chain.

Market Growth: The Benzene toluene xylene market has witnessed steady growth over the years, driven by factors such as increasing demand for plastics, polymers, and synthetic fibers in various industries, including automotive, packaging, and textiles. Additionally, the rising focus on the development of eco-friendly and sustainable products has spurred innovations in the BTX market, further fueling its growth.

Market Industry: The BTX market serves as a cornerstone for several industries, including petrochemicals, chemicals, and manufacturing. Benzene, toluene, and xylene are essential raw materials for the production of a wide range of products. For instance, benzene is a key ingredient in the manufacturing of styrene, used in the production of plastics, while toluene is a vital component in the production of adhesives and paints. Xylene is crucial in the production of plastics and synthetic fibers.

Trends: Several Benzene toluene xylene market trends have shaped market in recent years. Environmental concerns have prompted the development of bio-based alternatives to traditional BTX products, reflecting a growing emphasis on sustainability. Additionally, there is a rising interest in the Asia-Pacific region, particularly in countries like China and India, as emerging markets for BTX consumption, driven by their expanding manufacturing sectors and consumer markets.

In conclusion, the BTX market plays a pivotal role in various industries, supplying essential raw materials for the production of a diverse array of products. Its continued growth is influenced by global demand patterns, environmental considerations, and evolving industry trends, making it a dynamic and integral component of the modern industrial landscape.

[priteshwemarketresearch]

Global Green Solvent Market Share, Size, Demand, Key Players by Forecast 2034

Exploring the Global Green Solvent Market: A Step Toward Sustainable Chemistry

The global green solvent market has gained significant attention as industries look for more sustainable alternatives to traditional chemical solvents. Green solvents, often referred to as eco-friendly or bio-based solvents, have been gaining traction due to their lower environmental impact, non-toxicity, and renewable sources. These solvents are part of a broader movement in the chemical industry toward sustainability and reducing the carbon footprint of industrial processes. The green solvent market is set for significant growth as more industries realize the benefits of these sustainable alternatives, and regulatory pressures continue to push for greener solutions.

Request Sample Pdf Copy:https://wemarketresearch.com/reports/request-free-sample-pdf/green-solvent-market/1528

What are Green Solvents?

Green solvents are chemical compounds used in industrial processes and applications that are derived from renewable resources and possess low toxicity and environmental impact compared to conventional solvents. Unlike traditional solvents, which may be derived from petroleum or contain hazardous chemicals, green solvents are designed to reduce pollution, waste, and health risks while maintaining or improving performance.

There are several types of green solvents available, including:

Bio-based solvents: Derived from renewable plant-based sources such as corn, sugarcane, and soybeans. Examples include ethanol, d-limonene, and ethyl lactate.

Water-based solvents: Water is used as the solvent or a major component, making it one of the most sustainable and abundant resources.

Supercritical fluids: These solvents use carbon dioxide in its supercritical state, which allows it to act as both a gas and a liquid, offering environmentally friendly alternatives in certain extraction processes.

Ionic liquids: These are salts that remain liquid at low temperatures and are used for their excellent solvating properties in various industrial applications.

Driving Forces Behind the Growth of the Green Solvent Market

Several factors contribute to the accelerating growth of the global green solvent market, including environmental concerns, regulatory mandates, and advancements in sustainable chemistry.

Environmental Awareness: As the world becomes increasingly aware of the negative environmental impact of traditional solvents, there is a growing demand for alternatives. Traditional solvents, such as toluene, acetone, and xylene, contribute to air pollution, greenhouse gas emissions, and pose significant risks to human health. Green solvents, on the other hand, are biodegradable, non-toxic, and typically produced from renewable resources, helping to mitigate these environmental issues.

Regulatory Pressure: Governments and regulatory bodies around the world are enacting stricter environmental regulations aimed at reducing the use of hazardous chemicals. For example, the European Union’s REACH (Registration, Evaluation, Authorisation, and Restriction of Chemicals) regulations and the U.S. Environmental Protection Agency’s (EPA) guidelines encourage the development and adoption of green solvents. As regulations become more stringent, businesses are looking for solvents that comply with environmental standards and can reduce their carbon footprint.

Sustainability Goals of Companies: In line with the global shift toward sustainability, businesses are increasingly adopting green chemistry principles. Companies are not only looking to reduce their environmental footprint but are also under pressure from consumers, investors, and stakeholders to improve sustainability. Green solvents help companies meet these sustainability goals while maintaining product quality and operational efficiency.

Technological Advancements: Ongoing research and development in green chemistry are making it easier and more cost-effective to produce green solvents. Scientists are discovering new bio-based feedstocks and improving production techniques to make green solvents more viable for large-scale use. Moreover, green solvents are becoming more affordable as production methods evolve, making them more attractive to industries that are considering the switch from conventional solvents.

 Key Market Players

BASF SE

The Dow Chemical Company

Huntsman Corporation

Solvay S.A.

LyondellBasell Industries Holdings B.V.

Vertec BioSolvents Inc.

Cargill, Incorporated

BioAmber Inc.

Cremer Oleo GmbH & Co. KG

Gevo, Inc.

Other

Market Segmentation

Market Segments

By Type

Bio-Alcohols

Bio-Methanol

Bio-Ethanol

Others

Bio-Glycols

Lactate Esters

D-Limonene

Methyl Soyate

Others

By End-use

Chemical Intermediate

Pharmaceuticals

Printing Inks

Paints & Coatings

Cosmetics & Personal Care

Other

Challenges Facing the Green Solvent Market

While the green solvent market is expanding, it is not without challenges. One of the major hurdles is the cost of production. Green solvents, particularly bio-based ones, often have higher production costs compared to their petrochemical counterparts. Although prices are decreasing due to technological advancements, they can still be a barrier for widespread adoption, especially in price-sensitive industries.

Additionally, there is a need for greater standardization and regulatory frameworks across regions to ensure the safety and quality of green solvents. This will help facilitate global trade and adoption of these sustainable products.

Conclusion

The global green solvent market is on an upward trajectory as industries seek to adopt more sustainable, eco-friendly alternatives to Traditional solvents. Driven by environmental concerns, regulatory pressures, and the growing emphasis on sustainability, green solvents are poised to play a critical role in reducing the carbon footprint of many industries. As technological advancements continue and production costs decrease, the market for green solvents will likely expand, offering businesses a practical and responsible solution for their chemical needs. The future of chemistry is green, and the green solvent market is helping to lead the charge toward a more sustainable, eco-friendly industrial landscape.

[hariganesh858]

Aromatic Solvents Market

Aromatic Solvents Market Size, Share, Trends: ExxonMobil Corporation Leads

Increasing Demand for High-Performance Solvents Driving Market Growth

Market Overview: 

The global aromatic solvents market is expected to grow at a CAGR of X.X% during the forecast period of 2024-2031, reaching a market size of USD YY billion by 2031 from USD XX billion in 2024. The Asia-Pacific region is projected to dominate the market, driven by the rapid industrialization, growing demand from end-use industries, and increasing investments in infrastructure development. The growth of the aromatic solvents market is fueled by factors such as the rising demand for high-performance solvents in various applications, increasing adoption of environmentally friendly solvents, and growing focus on product innovation. However, stringent regulations regarding the use of certain aromatic solvents may restrain the market growth to some extent.

The increased demand for high-performance solvents in a variety of applications, including paints and coatings, adhesives, and printing inks, is a major trend driving the aromatic solvents market. Aromatic solvents, particularly xylene and toluene, have high solvency, rapid evaporation rates, and are compatible with a wide range of resins and polymers. These characteristics make them excellent for use in high-performance compositions that demand exceptional quality and endurance. The growing need for high-quality paints, coatings, and adhesives in the automotive, construction, and packaging industries is likely to drive up consumption of aromatic solvents in the coming years.

DOWNLOAD FREE SAMPLE

Market Trends: 

The rising use of ecologically friendly solvents is a major driver of the aromatic solvents industry. Growing worries about the environmental and health consequences of traditional solvents have prompted the development of cleaner, more sustainable alternatives. Bio-based and low-VOC (volatile organic compound) aromatic solvents are gaining popularity due to their lower environmental impact and adherence to strict requirements. Major market participants are investing in the development of green solvents, such as those generated from renewable feedstocks, to address the growing need for environmentally friendly solutions.

Despite the favourable prognosis, tight rules governing the use of some aromatic solvents may stifle market growth. Some aromatic solvents, such as benzene, have been classified as carcinogenic and are subject to stringent laws in several countries. The European Union, for example, has enacted the Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) legislation, which limits the use of some hazardous compounds, such as certain aromatic solvents. Compliance with these laws may raise production costs and reduce the availability of some aromatic solvents, hurting market growth. However, the development of safer and more compliant alternatives is projected to reduce the impact of regulatory challenges to some degree.

Market Segmentation: 

The toluene segment is estimated to account for the majority of the aromatic solvents market throughout the forecast period. Toluene is widely utilised as a solvent in a variety of applications, including paints & coatings, adhesives, printing inks, and pharmaceuticals, due to its high solvency, rapid evaporation rate, and low toxicity when compared to other aromatic solvents. This segment's expansion is being driven by rising demand for toluene in the manufacture of high-performance coatings, adhesives, and inks, particularly in the automotive and construction industries.

Major aromatic solvent producers, like ExxonMobil Corporation and Royal Dutch Shell plc, are focussing on increasing toluene production capacity to meet rising demand from end-use industries. For example, in 2023, ExxonMobil announced intentions to enhance toluene production capacity at its Singapore refinery in response to rising demand in Asia-Pacific.

Market Key Players:

ExxonMobil Corporation

Royal Dutch Shell plc

BASF SE

Lyondellbasell Industries Holdings B.V.

Chevron Phillips Chemical Company LLC

Ineos Group AG

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[ravinderimarc]

The global meta-xylene market size reached US$ 1.4 Billion in 2023. The market expects to reach US$ 1.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.91% during 2024-2032. The significant growth in the construction industry, widespread product utilization in protective coatings, and the increasing product demand for the formulation of isophthalic acid represent some of the key factors driving the market.

[communicationblogs]

Adsorbents Market- By Type, By Form, By End-Use Application — Global Opportunity Analysis & Industry Forecast, 2024–2030

Market Overview

Adsorbents market size is forecast to reach US$10.8 billion by 2030 after growing at a CAGR of 6.3% during 2024–2030. Adsorption is the accumulation of atoms or molecules on the surface of a material. This process creates a film of the adsorbate on the adsorbent’s surface. Adsorbents are used to remove pollutants from oil and gas streams in the oil and gas sector and are also increasingly being used in the gas drying process. The escalating demand for adsorbents stems from their efficacy in ensuring clean air and water.

A prominent trend in the adsorbents market is the increasing focus on sustainable and bio-based materials. As industries seek environmentally friendly alternatives, bio-based adsorbents derived from renewable sources gain traction. Additionally, the rising emphasis on green technologies and the push for sustainable practices in various sectors further propels the adoption of bio-based adsorbents which contributes to a positive outlook for the adsorbents industry during the forecast period.

Report Coverage :

The report: “Adsorbents Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the global adsorbents industry.

By Type: Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites (Molecular Sieves) (Type 3A, Others), and Others

By Form: Powder, Flakes, and Others

By End-Use Application: Oil and Gas Industry (Natural Gas Purification, Gasoline, Diesel and Jet Fuel Production, Others), Petrochemical Industry (Ethylene Production, Propylene Production, Xylene Separation, Others), Chemical Industry (Industrial Gases, CASE (Coatings, Sealants, Adhesives, and Elastomers), Others), Automotive and Transportation, Pharmaceutical and Food, Water Treatment, Nuclear Waste Remediation, Refrigerant (Commercial, Industrial), Building & Construction, Personal Care and Cosmetic, and Others

By Geography: North America (U.S.A., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Denmark, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

Inquiry Before Buying

Key Takeaways : 

The Asia Pacific dominates the Adsorbents Market owing to the rising growth and increasing investments in the pharmaceutical and food industry.

The strict government regulations governing pharmaceutical product manufacture, hygiene, and quality control lead to a surge in the demand for adsorbents.

The rising demand for adsorbents in water and wastewater treatment application, has been a critical factor driving the growth of the Adsorbents Market in the upcoming years.

Adsorbents Market Segment Analysis — By Type

The zeolites segment held the largest share in the Adsorbents Market in 2023. Zeolites have a high degree of hydration, which results in a stable low-density crystal structure with a large void volume. Zeolites have been employed as an adsorbent in non-technically demanding, non-regenerative applications over the past two decades. New lightweight cementing methods for oil and gas completions to new modified zeolite adsorbents for extracting metals or organics from water are just a few of the new inventive applications. Systems for zeolite gas treatment, pressure swing adsorption, smell control, and other specific applications are being developed. Inorganic adsorbents, particularly for environmental applications, industrial gas production, and specialized chemicals, are the most valuable applications for zeolites and synthesized zeolites. Thus, the rising usage of zeolites in various applications, have uplifted the Adsorbents Market growth, in the forecast period.

Schedule a Call

Adsorbents Market Segment Analysis — By End-Use Application

The petrochemical industry held the largest share in the market in 2023 and is expected to grow at a CAGR of 7.4% during 2024–2030. Adsorbents are utilized in the petrochemical industry to remove trace contaminants such as water and sulphur in the feed, intermediate, and product streams, for the smooth operation of the plant. The usage of the right adsorbent is necessary for the petrochemical plants due to the reactivity of ethylene plant streams. In the petrochemical industry, adsorbents are used for the effective removal of a wide range of contaminants from olefin-containing streams, complete system solutions for the treatment of off-gas streams from catalytic crackers (FCC, DCC, CPP) and acetylene producing units, and long lifetime and easy operability. The surging demand for adsorbents is due to the rising investments in its end use industry such as petrochemical industry. For instance, according to Alberta’s Industrial Heartland Association, the petrochemical sector in Alberta has the potential to increase by more than US$30 billion by 2030. Thus, the rising investments in the petrochemical industry of various countries will further drive the growth of the adsorbents market over the forecast period.

Adsorbents Market Segment Analysis — By Geography

Asia-Pacific region dominated the adsorbents market in terms of revenue with a share of 38% in 2023 and is projected to dominate the market during the forecast period 2024–2030. The growing demand for adsorbents, along with the high purchasing power in countries such as China, India, and Japan, tends to become a potential market for adsorbents during the forecast period. The surging adoption of adsorbents in the petrochemical, oil, and gas, and other sectors are driving the adsorbents market in China. Currently, several initiatives taken by organizations for the development of new petrochemical plants in the country have increased the demand for adsorbents. In November 2022, Saudi Aramco announced plans to invest in a US$7 billion project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp’s refining complex in the port city of Ulsan. In March 2023, Indian Oil announced plans to build a petrochemicals complex at Paradip with an investment of $7.3 billion. Such investments will drive the demand for adsorbents in this region during the forecast period. Adsorbents Market Driver :

Strict Government Regulations Governing Pharmaceutical Product Manufacture, Hygiene, And Quality Control Are Boosting Demand for Adsorbents

Pharmaceutical companies are putting a greater emphasis on quality control, which includes the use of adsorbents in procedures like instrument drying, drying of air-synthesis products, and deodorization. Several types of adsorbents are utilized in the pharmaceutical sector, with a selection depending on the application requirement. Activated carbon, for instance, is used to remove contaminated or by-products during the drug formulation process, whereas activated alumina is used to recover Pyrogen-free pharmaceuticals and as a desiccant for drying air and industrial gases. Also, silica gel is also employed in column chromatography as a pharmaceutical adsorbent, where it assists in the separation or collection of various medication components. Regulations mandating the use of adsorbents in the pharmaceuticals sector such as, by the United States Pharmacopeia (USP), Japanese Pharmacopeia (JP), and so on are also influencing the adsorbents market growth in the pharmaceutical sector. For instance, according to Invest India, the pharmaceutical industry in India is expected to reach $65 billion by 2024 and to $130 billion by 2030.

Buy Now

Adsorbents Market Challenge

Reduced Shelf Life Due to High Level of Impurities Will Hamper the Market Growth

Although adsorbent materials can attract molecules to their surfaces, this ability is limited. Once the capacity has been reached, continued refining and purification will produce an equilibrium, which will lead to desorption. Adsorbents are utilized for adsorption of various pollutants and impurities such as carbon dioxide or hydrogen sulphide, mercaptans, manufacturing chemicals, and hydrate inhibitors in refining and purifying processes. The current contaminants react with the adsorbents at this point, causing the adsorbent to regenerate. These pollutants either renew or eliminate the adsorbent. The service life of adsorbents is determined by the material’s regeneration capacity, which could be a stumbling block for the overall adsorbents market.

Adsorbents Industry Outlook

Top 10 companies in the adsorbents market include:

BASF SE

Arkema SA

Honeywell International Inc.

Cabot Corporation

W. R. Grace & Co.

Clariant AG

Mitsubishi Chemical Corporation

Calgon Carbon Corporation (Kuraray)

Evonik Industries

Axens Group

For more Chemicals and Materials related reports, please click here

[adityarana1687-blog]

Petrochemicals Market Size To Reach $1002.45 Billion By 2030

The global petrochemicals market size is expected to reach USD 1002.45 billion by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.3% from 2024 to 2030. It is expected to expand at a CAGR of 7.0% from 2023 to 2030. The demand for petrochemicals is attributed to an increase in demand from the end-use industries such as construction, textile, medical, pharmaceuticals, consumer goods, automotive, and electronics.

Products such as ethylene, propylene, and benzene are widely used in various industries such as packaging, electronics, plastics, and rubber. The ethylene product segment dominated the market in 2021 and is expected to maintain its lead in the forecast period owing to its wide application scope across several industries. Asia Pacific is anticipated to dominate the market in the forecast period owing to the favorable regulatory policies in the region.

Crude oil and natural gas are the major raw materials used for the manufacturing of petrochemical products. The volatile prices of crude oil are a major challenge in the procurement process of crude oil as a raw material for manufacturers. The industry players that are reliant on crude oil as a feedstock for manufacturing are likely to face difficulties in the coming years. However, declining prices of natural gas owing to a rise in its production are expected to augment the growth of the product over the forecast period.

The competitiveness among the producers of the product is high as the market is characterized by the presence of a large number of global players with strong distribution networks. Top players are dominating the industry for the past few years owing to the increasing investment in R&D activities related to new product development.

Request a free sample copy or view the report summary: Petrochemicals Market Report

Petrochemicals Market Report Highlights

The methanol product segment is expected to expand at the highest revenue-based CAGR of 8.9% over the forecast period. The demand is attributed to the increase in demand for methanol in manufacturing biodiesel, which is biodegradable, safe, and produces fewer air pollutants as compared to other fuels

Surged use of polyethylene, High-density Polyethylene (HDPE), and Low-density Polyethylene (LDPE) is expected to foster the overall growth of the market for petrochemicals.

The butadiene product segment is expected to be an emerging segment in the coming years as it is a key building block used in the manufacturing of several chemicals and materials employed in the industries such as consumer durables, healthcare, and building and construction

Manufacturers have adopted joint ventures and acquisitions as major strategies to increase their global presence

Petrochemicals Market Segmentation

Grand View Research has segmented the global petrochemical market report on the basis of Product, and region

Petrochemicals Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

Ethylene

Polyethylene

Ethylene oxide

EDC

Ethyl benzene

Others

Propylene

Polypropylene

Propylene oxide

Acrylonitrile

Cumene

Acrylic acid

Isopropanol

Other

Butadiene

SB Rubber

Butadiene rubber

ABS

SB latex

Others

Benzene

Ethyl benzene

Phenol/cumene

Cyclohexane

Nitrobenzene

Alkyl benzene

Other

Xylene

Toluene

Solvents

TDI

Others

Methanol

Formaldehyde

Gasoline

Acetic acid

MTBE

Dimethyl ether

MTO/MTP

Other

Petrochemicals Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

North America

U.S.

Canada

Europe

Germany

UK

France

Belgium

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Latin America

Brazil

Middle East

Africa

List of Key Players of Petrochemicals Market

BASF SE

Chevron Corporation

China National Petroleum Corporation (CNPC)

China Petrochemical Corporation

ExxonMobil Corporation

INEOS Group Ltd.

LyondellBasell Industries Holdings B.V.

Royal Dutch Shell PLC

SABIC

Dow