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(MoneyNewsWire.Net, May 30, 2018 ) The polymeric adsorbents 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% from 2017 to 2022. The increased demand for polymeric adsorbents in the high-end applications in the pharmaceutical and food & beverages industries is expected to drive the growth of the polymeric adsorbents market during the forecast period.
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The polymeric adsorbents market has been segmented on the basis of type 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 of the polymeric adsorbents market is projected to witness the highest growth during the forecast period. The growth of this segment can be attributed to properties, such as high hydrophobicity, excellent physical and chemical stability, and cleaner operations, of these adsorbents. modified aromatic (brominated aromatic matrix) polymeric adsorbents are widely consumed in the pharmaceutical industry for separation and purification of antibiotics, enzymes, etc.
On the basis of the end-use industry, the polymeric adsorbents market has been classified into pharmaceutical, food & beverages, and industrial. The pharmaceutical end-use industry segment of the polymeric adsorbents market is projected to witness the highest growth between 2017 and 2022. The growth of this segment can be attributed to the increasing use of polymeric adsorbents in processes, such as separation and purification of antibiotics, enzymes, modified aromatic (brominated aromatic matrix).
The Asia Pacific region is the largest market for polymeric adsorbents across the globe. The Asia Pacific polymeric adsorbents market is projected to witness the highest growth between 2016 and 2022. The growth of the Asia Pacific polymeric adsorbents market can be attributed to the presence of various key manufacturers of polymeric adsorbents in the region. The growth of the market in Asia Pacific is also driven by the increasing demand for polymeric adsorbents from various end-use industries, such as pharmaceutical, food & beverages, chemical, sugar, and mining in countries such as China, South Korea, Japan, and Taiwan.
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Key factors restraining the growth of the polymeric adsorbents market across the globe are the high prices of polymeric adsorbents as compared to powdered activated carbon, due to which, end-use industries such as pharmaceutical and food & beverages are preferring low-cost adsorbents.
Some of the key players operating in the polymeric adsorbents market are 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). These players compete on the basis of prices and quality of the products, product portfolios, after sale services, customized solutions, etc.
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