Adsorption equipment is used to adhere or bind atoms, ions, molecules, or particles from a liquid, gas, or dissolved solid on to a surface. It is used in industrial applications for odor control, recovery of volatile solvents such as benzene, ethanol, and trichloroethylene, and drying of process gas streams. Adsorption equipment is also incorporated into environmental systems for reclamation and remediation of contaminated water or air streams.
Global Adsorption Equipment Market: Trends & Developments
Various global government bodies have enacted stringent regulations on the emission of Volatile Organic Compounds (VOCs) from various end-use industries such as automotive paint shop, chemical, printing, pharmaceutical, food & beverages, and semiconductor. This is expected to drive the demand for adsorption equipment, which help keep VOCs) in check. However, the availability of less expensive alternatives, such as fixed-bed adsorbers and fluidized-bed adsorbers, with low installation and maintenance costs is anticipated to restrain the global adsorption equipment market during the forecast period.
Global Adsorption Equipment Market: Segmentation
Based on end-use industry, the global adsorption equipment market can be segmented into automotive paints, printing, chemicals, semiconductor, and others. The automotive paints segment is expected to expand at a significant pace during the forecast period. This can be ascribed to the implementation of stringent regulations on VOC emissions in automotive paint finishing facilities. Based on medium, the global adsorption equipment market can be divided into activated alumina, activated carbon, zeolites, and silica gel. Activated alumina is an adsorbent made of aluminum oxide. It is used as a desiccant for drying gases and air, and as fluoride filter for drinking water. It is also commonly employed as an alternative to activated carbon for the removal of VOCs. Activated carbon is the commonly used industrial adsorbent. It is an inexpensive and versatile adsorbent used in air, gas, water, and metal purification. Zeolites are naturally occurring adsorbents used as dehumidifiers and air purifiers owing to their high retention and adsorption capacities even at high temperatures. They are often used with activated carbon for combined effectiveness.
Global Adsorption Equipment Market: Regional Outlook
In terms of region, the global adsorption equipment market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to dominate the global adsorption equipment market during the forecast period owing to the growth in industrialization in countries such as China and India. The market in the region is projected to expand at a healthy pace during the forecast period. China, India, and Japan are the major consumers of adsorption equipment in Asia Pacific. These countries are likely to retain their dominance throughout the forecast period. Expansion in the automotive industry in China and India is expected to create significant opportunities for the adsorption equipment market owing to the stringent regulations on VOC emissions generated by automotive paint finishing systems. The adsorption equipment market in Europe has reached maturity and is anticipated to expand at a sluggish pace during the forecast period.
Global Adsorption Equipment Market: Key Players
Key players operating in the global adsorption equipment market include CECO Environmental, Monroe Environmental Corp., Taikisha Engineering India Pvt. Ltd., Chemische Thermische Prozesstechnik GmbH, Evoqua Water Technologies LLC, Environmental C & C Inc, TIGG LLC, Durr Group, and, Coastal Environmental Systems, Inc.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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