The global polymeric adsorbents market is expected to exhibit a steady 7.89% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global polymeric adsorbents market was valued at USD 99.78 million in 2018 and is expected to rise to a valuation of USD 169.43 million by 2025. Polymeric adsorbents are widely used in the pharmaceutical and food and beverage industries thanks to their superior porosity and durability over conventional adsorbents. Polymeric adsorbents are artificial adsorbents produced from various polymers and offer high levels of adsorption, enabling a more efficient cleaning process. This has driven the global polymeric adsorbents market at a robust growth rate.
Leading players in the global polymeric adsorbents market include Mitsubishi Chemical Corporation, Tianjin Nankai HECHENG ST Co. Ltd., Suzhou Nanomicro Technology Co. Ltd., LANXESS, Merck KGaA, Thermax Limited, Sunresin New Materials Co. Ltd. Xi’an, Chemra Company, The Dow Chemical Company, and Purolite.
Major players in the polymeric adsorbents market are likely to focus on product advancement in the coming years, as there is significant demand for polymeric adsorbents from the various end use industries.
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The global castor wax market has been broadly segmented on the basis of applications, end use industries, and region. Based on applications the market is segmented into personal care, healthcare, lubricants, grease, polishing agent, and others. Wherein lubricants and grease dominated the market till 2016, particularly in Asia Pacific. In future, during the forecast period, personal care and healthcare are expected to drive the market forward. Additionally, characteristic features of castor wax such as emulsifier, plasticizer, dispersing agent make them the most preferred ingredient in cosmetics personal care industry and paints industry as well. The understanding of masses regarding the vast and ever increasing uses of castor wax is growing swiftly which help boost its demand during forecast period. Strict regulations by developed countries against the use of synthetic waxes in various application such as personal care and food coating would see the rise in the global market of castor wax.
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Asia Pacific is the leading regional market for polymeric adsorbents. The growing food and beverage and water and wastewater treatment industries in Asia Pacific are the major contributors to the global polymeric adsorbents market. The packaged food industry has grown rapidly in Asia Pacific in recent years due to rapid urbanization and the increasing disposable income of consumers in the region. This has led to a growing demand for effective safety processes intended to make the food safe and harmless for consumers. This has driven the demand for effective cleaning agents such as polymeric adsorbents. The wastewater treatment industry is also likely to present the polymeric adsorbents market with significant growth prospects due to the growing demand for effective waste water treatment applications from Asia Pacific, where urbanization has accelerated the demand for civil services such as water treatment.
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