BTX and Hydrocarbon Separating Adsorbent Market to Grow at a 4.68% CAGR by 2025 | BIS Research

The global BTX and hydrocarbon separating adsorbents market is currently in a nascent phase. Rising demand for BTX and hydrocarbon separating adsorbents from oil and gas industries
 
FREMONT, Calif. - June 14, 2021 - PRLog -- The oil and gas, petrochemical and refining industries are currently dominated by solvent-based extraction methods, such as stripping, extractive distillation, and other liquid-liquid operations. However, research and developments in adsorbents, focusing on BTX and hydrocarbon separation in the past decade have contributed significantly to the transformation of the global market for the same. The advent and further advancements of technologies, manufacturing processes as well as manufacturing substrates help adsorbent suppliers to attract consumer attention toward better quality and sustainable products.

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Adsorbent-based extraction offers several advantages over solvent-based extraction, which has shown an overall decrease in demand over recent years. In addition, adsorbents are preferred due to their excellent property to operate over a wide range of conditions and variable selectivity and their ability to regenerate and reactivate. This factor is anticipated to create tremendous opportunities for various industries using adsorbents in the coming years.

Solvent-based extraction dominated the market for over the past ten years for oil and gas, and petrochemical industries and refineries. Adsorbents have become increasingly popular for these industries as the applications, lifespan, and the waste reduction capabilities of adsorbent-based extractions provide an edge over solvent-based extraction.

The growth in the global BTX and hydrocarbon separating adsorbent market is attributable to the ongoing demand for efficient and non-solvent based adsorption methods. The increasing number of application areas for BTX and hydrocarbon separating adsorbent products has led to the surging demand for various types of adsorbent, such as upstream, midstream and downstream industries.

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The competitive landscape of the BTX and hydrocarbon separating adsorbent market consists of different strategies undertaken by major players across the adsorbent manufacturers to gain market presence.

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Industry:Business
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