London, 26 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the adsorbents market in the Americas 2015-2019, which is expected to grow at a CAGR of 6.12% during the forecast period of 2014-2019.
Market growth can be attributed to the significant industrial development in the Latin American region. This market is also expected to benefit from the implementation of stringent government regulations on wastewater treatment. Recent increase in air pollution levels is also expected to boost market growth as adsorbents are used to clean industrial air streams by removing harmful volatile organic compounds (VOCs).
“Consumers in the Americas, especially in the process industries and water purification segments in the US, are working closely with manufacturers of adsorbents to create specialized products for their specific process requirements,” says Faisal Ghaus, Vice President of Technavio.
“Such collaborations also help reduce the number of intermediaries required in the selling process, allowing vendors to increase their overall revenues.”
Key Market Drivers:
- Government Regulations Regarding Wastewater Treatment.
- Emphasis on Reducing Toxic Gas Emissions.
- Demand for Advanced Adsorbents in Healthcare Packaging.
Key Market Trends:
- Increased Application of Activated Carbon-based and Specialty Adsorbents.
- Increased Collaboration between Consumers and Manufacturers.
- Growing Emphasis on Expansion in Developing Nations.
- Emphasis on New Product Development.
Key Market Vendors:
- Arkema Group
- Axens SA
- BASF SE
- Cabot Corp.
- Calgon Carbon Corp.
- Clariant AG
- W.R. Grace & Co.
- UOP LLC
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
