Global Btx And Hydrocarbon Separating Adsorbents Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 1,010.00 Million |
 Market Size (Forecast Year) |
USD 1,230.58 Million |
 CAGR |
% |
| Major Markets Players |
Global BTX and Hydrocarbon Separating Adsorbents Market, By Product (Molecular Sieve, Activated Carbon, Silica-Gel, Activated Alumina, Others), End-Use Industry (Upstream, Midstream, Downstream), Mode of Business (Offline, E-Business), Applications (Gas Separation, Chemical Manufacturing, Other) – Industry Trends and Forecast to 2030.
BTX and Hydrocarbon Separating Adsorbents Market Analysis and Size
The BTX and hydrocarbon separating adsorbents market is anticipated to register a significant growth rate during the forecast period. Solvent-based extraction methods, such as extractive distillation, stripping and other liquid-liquid operations, presently dominate the petrochemical, oil and gas and refining industries. However, with the help of research and development activities in adsorbents, major market players have been focusing on BTX and hydrocarbon separation in the last few years and have contributed considerably to the transformation of the market globally. The advent and further advancements of technologies, manufacturing substrates and manufacturing processes ahelp adsorbent suppliers to attract more consumer attention toward sustainable and better quality products.
Data Bridge Market Research analyses that the BTX and hydrocarbon separating adsorbents market is expected to reach USD 1230.58 million by 2030, which is USD 1010.00 million in 2022, registering a CAGR of 2.50% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
BTX and Hydrocarbon Separating Adsorbents Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2023 - 2030 |
|
Base Year |
2022 |
|
Historic Years |
2021 (Customizable to 2015 - 2020) |
|
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
|
Segments Covered |
Product (Molecular Sieve, Activated Carbon, Silica-Gel, Activated Alumina, Others), End-Use Industry (Upstream, Midstream, Downstream), Mode of Business (Offline, E-Business), Applications (Gas Separation, Chemical Manufacturing, Other) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
|
Market Players Covered |
BASF SE (Germany), Dow (U.S.), Clariant AG (Switzerland), Dow (U.S.), Honeywell International Inc. (U.S.), Osaka Gas Co., Ltd. (Japan), Cabot Corporation (U.S.), Kuraray Co. Ltd. (Japan), W. R. Grace & Co. (U.S.), Hengye, Inc (U.S.), Axens (France), Arkema (France), Zeolyst (U.S.), Johnson Matthey (U.K.), Pall Corporation (U.S.) |
|
Market Opportunities |
|
Market Definition
BTX and hydrocarbon separating adsorbents are aqueous dispersion of petroleum polymers made in the laboratory. These polymers provide flexibility, high-strength and water-resistance properties, making them suitable and perfect for an extensive range of industrial applications. BTX and hydrocarbon separating adsorbents are highly similar in properties to natural ones. These polymers are also cheaper in nature.
BTX and Hydrocarbon Separating Adsorbents Market Dynamics
Drivers
- Increasing demand of BTX and hydrocarbon separating adsorbents due to their unique properties
BTX and hydrocarbon separating adsorbents are preferred owing to their excellent property to operate over variable selectivity and an extensive range of conditions and their ability to reactivate and regenerate. This factor is anticipated to drive the market's growth rate during the forecast period. Solvent-based extraction has dominated this market over the last few years for petrochemical and oil and gas industries and refineries. These adsorbents have become progressively popular for these industries as the lifespan, applications and the waste reduction capabilities.
Opportunities
- Surging demand of BTX and hydrocarbon separating due to growing number of application areas
The growth in the BTX and hydrocarbon separating adsorbent market is contributed to the continuous demand for non-solvent based and effective adsorption methods. The growing number of application areas for the usage of BTX and hydrocarbon separating adsorbent products has led to the increasing demand for numerous types of adsorbent, such as midstream upstream, and downstream industries. These factors are likely to increase the demand for the BTX and hydrocarbon separating adsorbent in the market and will create lucrative and immense opportunities for the growth of the market during the forecast period.
Restraints/ Challenges
- Issues associated with BTX and hydrocarbon separating adsorbents market
Several untrained professionals who failed to use BTX and hydrocarbon separating adsorbents properly are expected to restrain the market's growth. Additionally, the excessive cost of BTX and hydrocarbon separating adsorbents makes it difficult for the lower and middle economic groups to use it abundantly thus limiting the growth of the market in the forecast period mentioned above.
This BTX and hydrocarbon separating adsorbents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the BTX and hydrocarbon separating adsorbents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global BTX and Hydrocarbon Separating Adsorbents Market Scope
The BTX and hydrocarbon separating adsorbents market is segmented on the basis of product, end-use industry, mode of business and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Molecular Sieve
- Activated Carbon
- Silica-Gel
- Activated Alumina
- Others
End-Use Industry
- Upstream
- Midstream
- Downstream
Mode of Business
- Offline
- E-Business
Applications
- Gas Separation
- Chemical Manufacturing
- Other
BTX and Hydrocarbon Separating Adsorbents Market Regional Analysis/Insights
The BTX and hydrocarbon separating adsorbents market is analyzed and market size insights and trends are provided by country, product, end-use industry, mode of business and application as referenced above.
The countries covered in the BTX and hydrocarbon separating adsorbents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the BTX and hydrocarbon separating adsorbents in revenue growth and market share because of this region's stringent environmental protection regulatory standards.
Asia-Pacific is anticipated to be the fastest growing region in BTX and hydrocarbon separating adsorbents market during the forecast period of 2023-2030 due to increasing Integration of petrochemical plants that are producing diolefins, olefins and polymers in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and BTX and Hydrocarbon Separating Adsorbents Market Share Analysis
The BTX and hydrocarbon separating adsorbents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to BTX and hydrocarbon separating adsorbents market.
Some of the major players operating in the BTX and hydrocarbon separating adsorbents market are:
- BASF SE (Germany)
- Dow (U.S.)
- Clariant AG (Switzerland)
- Dow (U.S.)
- Honeywell International Inc. (U.S.)
- Osaka Gas Co., Ltd. (Japan)
- Cabot Corporation (U.S.)
- Kuraray Co. Ltd. (Japan)
- W. R. Grace & Co. (U.S.)
- Hengye, Inc (U.S.)
- Axens (France)
- Arkema (France)
- Zeolyst (U.S.)
- Johnson Matthey (U.K.)
- Pall Corporation (U.S.)
SKU-
Get online access to the report on the World's First Market Intelligence Cloud
- Interactive Data Analysis Dashboard
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
- Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
