PUNE, India, September 11, 2017 /PRNewswire/ --
According to a new market research report "Polymeric Adsorbents Market by Type (Aromatic (Crosslinked Polystyrene), Modified Aromatic (Brominated Aromatic), Methacrylic), End-Use Industry (Pharmaceutical, Food & Beverage, Industrial), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market was valued at USD 86 Million in 2016 and is projected to reach USD 135.20 Million by 2022, at a CAGR of 7.9% between 2017 and 2022.
Browse 69 Market Data Tables and 37 Figures spread through 119 Pages and in-depth TOC on "Polymeric Adsorbents Market"
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The growth of the polymeric adsorbents market can be attributed to the increasing consumption of polymeric adsorbents in the pharmaceutical and food & beverage end-use industries for separation and purification processes. The increased use of polymeric adsorbents in end-use industries is due to their highly effective adsorption capacity, cleaner operations, high physical and chemical stability, and powdered activated carbon.
Among types, the modified aromatic (brominated aromatic matrix) segment of the polymeric adsorbents market is projected to witness the highest growth during the forecast period from 2017 to 2022.
Based on the type, the polymeric adsorbents market has been segmented into aromatic (cross-linked polystyrenic matrix), modified aromatic (brominated aromatic matrix), and methacrylic (methacrylic ester copolymer), among others. The modified aromatic (brominated aromatic matrix) segment is expected to witness the highest growth during the forecast period from 2017 to 2022. The increased use of aromatic (cross-linked polystyrenic matrix) polymeric adsorbents in various end-use industries can be attributed to their high hydrophobicity, high adsorption capacity, excellent pressure & flow characteristics, etc. These properties have led to an increased consumption of these adsorbents in pharmaceutical and food & beverages industries.
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The food & beverages end-use industry segment of the polymeric adsorbents market is projected to witness the highest growth during the forecast period between 2017 and 2022.
The food & beverages end-use industry is estimated to be fastest-growing end-use industry segment during the forecast period. Polymeric adsorbents are being used an alternative to powdered activated carbon in food & beverages industry such as purification of citric juices, non-alcoholic beverages, alcoholic beverages, etc.
The Asia Pacific polymeric adsorbents market is projected to witness the highest growth during the forecast period.
Based on the region, the polymeric adsorbents market has been segmented into Asia Pacific, North America, Europe, South America, and the Middle East and Africa.
The Asia Pacific Polymeric Adsorbents Market is projected to witness the highest growth during the forecast period. The growth of the Asia Pacific polymeric adsorbents market can be attributed to the presence of the local as well as international polymeric adsorbent manufacturers in the region. The growing demand for polymeric adsorbents from various end-use industries, such as pharmaceutical, food & beverages, and industrial segments of the countries such as China, Japan, and India also contribute to the growth of the Asia Pacific polymeric adsorbents market. The industrial segment was a major end-use industry segment of the Asia-Pacific polymeric adsorbents market. The increasing demand for polymeric adsorbents in sugar purification, chemicals purification, and gold extraction in is expected to drive the growth of the segment in the region.
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The Dow Chemical Company (US) Mitsubishi Chemical Corporation (Japan), Purolite Corporation (US), Shanghai Bairy Technology Co., Ltd. (China), Amicogen (China) Biopharm Co., Ltd. (China), Ajinomoto Fine-Techno Co., Inc. (Japan), Thermax Limited (India), CHEMRA GmbH (Germany), and Sunresin New Materials Co. Ltd. (China) are some of the key players operating in the polymeric adsorbents market.
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