The global drinking water adsorbents 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.
Adsorbent materials possess the capability to absorb another substance. Adsorbents are extensively used to treat and remove impurities from drinking water, and they help in enhancing the overall water quality. The stringent regulations pertaining to water quality backed by initiatives taken by government to invest in water treatment industries promote the demand for drinking water adsorbents. Further, rapid urbanization coupled with economic growth and rising demand for bio-adsorbents are driving the growth of the drinking water adsorbents market.
Based on product, the drinking water adsorbents market is segmented into zeolite, clay, activated alumina, activated carbon, manganese oxide, cellulose, and others. The activated carbon segment led the market with the largest share in 2019. The market growth for this segment is attributed to the rising adoption of these material in removal of organic contaminants. Activated carbon is composed of a family of substances along with several types of carbonaceous materials that possess adsorptive properties. These materials exhibit rare physical properties that help in minimizing dissolved contaminants along with the taste and odor, color, and toxic impurities. Strict government regulations along with significant focus on research & development activities are expected to bolster the demand for activated carbon in global market during the forecast period.
By region, the drinking water adsorbents market is segmented into North America, Europe, Asia Pacific (APAC), South America (SAM), and Middle East & Africa (MEA). In 2019, North America contributed to the largest share in the market. The market growth in this region is primarily attributed to the presence of strong industrial base along with prominent manufactures significantly contributing to market growth, rapid urbanization, and surge in demand for fresh and portable water. The easy accessibility and availability of raw materials is yet another factor that propels the drinking water adsorbents market in North America.
The COVID-19 outbreak pandemic is adversely affecting economies and industries in various countries due to government-imposed lockdowns and travel bans, and business shutdowns. The chemical & materials is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in North America, Europe, Asia Pacific, South America, and the Middle East and Africa has restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products. The travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering activities in the chemical & materials industry, which are restraining the growth of various markets related to this industry.
BASF SE; CYCLOPURE INC; DuPont de Nemours, Inc; Geh Wasserchemie; Kuraray Co. Ltd; Evoqua Water Technologies LLC; KMI Zeolite; Lenntech B.V; Purolite, and Tigg LLC are among the major players operating in the global drinking water adsorbents market.
The overall global drinking water adsorbents market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the global drinking water adsorbents market.