According to our latest market study on “Drinking Water Adsorbents Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product (Zeolite, Clay, Activated Alumina, Activated Carbon, Manganese Oxide, Cellulose, and Others),” the market was valued at US$ 511.81 million in 2019 and is projected to reach US$ 698.17 million by 2027; it is expected to grow at a CAGR of 4.0% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Adsorbents material are those material which possesses the capability to absorb another substance. Adsorbents are extensively used to treat and remove impurities from drinking water and helps to enhance the overall water quality. The stringent regulations pertaining to quality of water backed by positive initiatives taken by government to invest in water treatment industries are some factors which are expected to promote the demand for drinking water adsorbents market. Rapid urbanization coupled with economic growth and rising demand for bio-adsorbents are also expected to promote the demand for drinking water adsorbents market.
Water quality has deteriorated over time, owing to the factors such as anthropogenic activity, unplanned urbanization, rapid industrialization, and unskilled use of natural water supplies. Further, increased awareness of the importance of providing impacts because of current environmental policies has moved the research community toward the creation of robust, economically viable, and environmentally sustainable processes capable of extracting pollutants from water while still protecting the health of populations. Owing to this, the demand for a few bio-based or organic adsorbents such as coconut shells, coal, and wood is growing in the drinking water adsorbents industry. Because of their superior adsorption performance, these products are highly useful in water quality management and purification. Further, they can also be used in a variety of applications for environmental preservation and regeneration. Moreover, bio-based adsorbents (also known as bio sorbents) are useful for purifying water as they can be generated from low-cost feedstocks, such as waste agricultural biomass or byproducts, have adsorption capacities comparable to other chemical adsorbents, and can be disposed of safely. Thus, the increasing focus on environment, which paves the way for the adoption of bio-based adsorbents, is emerging as a crucial trend in the drinking water adsorbents market.
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The COVID-19 outbreak has been adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemicals & materials industry is one of the major industries that are suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of the outbreak pandemic. For instance, China is the global manufacturing hub and largest raw material supplier for various industries, and it is also one of the worst affected countries. The lockdown of various plants and factories in China is restricting the global supply chains and negatively impacting the manufacturing activities, delivery schedules, and various chemicals & materials sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the chemicals & materials industry, and thus acting as a restraining factor for the growth of various markets related to this industry.
Some of the major key players operating in the global drinking water adsorbents market include BASF SE, CYCLOPURE INC., DuPont de Nemours, Inc., Geh Wasserchemie, Kuraray Co. Ltd, Evoqua Water Technologies LLC, KMI Zeolite, Lenntech B.V., Purolite, Tigg LLC, among many others. The companies have been involved in implementing various strategies that have helped the growth of the company and in turn, have brought about various changes in the market. The major players in the drinking water adsorbents market are focused on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally. Additionally, the manufacturers are striving towards acquiring more customer base by launching innovative products and expanding their presence globally so as to acquire better market acquisition.
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