Gas Absorbent Market size is estimated to be USD 1.5 Billion in 2024 and is expected to reach USD 2.8 Billion by 2033 at a CAGR of 7.5% from 2026 to 2033.
The global gas absorbent market was valued at approximately USD 7.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. North America dominated the market in 2022, accounting for over 30% of the global share, driven by the increasing demand from the industrial sector for gas absorption technologies, particularly in oil & gas and chemical industries. The regions well established infrastructure and the growing awareness of environmental concerns contribute to the steady market growth. Europe followed closely, with a significant contribution of around 25%, due to stringent regulations regarding emissions and the rise of environmentally sustainable technologies. The Asia Pacific region is expected to witness the fastest growth during the forecast period, with a CAGR of 7.1%, primarily due to the rapid industrialization and urbanization in emerging markets like China and India, along with an increase in demand for industrial gases and energy production.
The market is also witnessing an uptick in Latin America and the Middle East and Africa, with a moderate growth rate. The adoption of gas absorbents in these regions is expected to rise as industries, such as petrochemical and power generation, focus on enhancing efficiency and minimizing emissions. Increasing investments in infrastructure and environmental regulations are likely to boost market growth in these regions. The Middle East is expected to maintain a steady demand for gas absorbents due to expanding natural gas processing plants. The global market opportunities lie in technological advancements such as the development of more efficient absorbents and the growing trend of carbon capture and storage (CCS) applications, which are opening new avenues for market expansion.
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Peerless Materials
Huron Industries
Flow Dry Technology
Absorbent Specialty Products
Molecular Products
Confluence Energy
TIGG
PureAir Filtration
Chemical Products Industries
ABOX Automation
Eco-Absorbent Technologies
Kepler Absorbents
Desiccare
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Gas Absorbent Market
Amine-Based Absorbents
Physical Absorbents
Activated Carbon
Silica Gel
Zeolites
Industrial Processes
Oil and Gas Extraction
Water Treatment
Pharmaceuticals
Food and Beverage Processing
Chemicals
Energy and Utilities
Healthcare
Agriculture
Mining
Physical Adsorption
Chemical Absorption
Liquid Phase Absorption
Solid Phase Absorption
Membrane Separation
Granular Absorbents
Pelletized Absorbents
Powdered Absorbents
Liquid Absorbents
Coated Absorbents
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Gas Absorbent Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Gas Absorbent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Gas Absorbent Market, By Type
6. Global Gas Absorbent Market, By Application
7. Global Gas Absorbent Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Gas Absorbent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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