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
By: BIS Research
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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.