As per Chemra GmbH, a German-based polymeric adsorbent producer, “Polymeric adsorbents are highly porous polymers whose internal surface areas can be as high as 1400 m2/g. Depending on their composition and structure, a wide variety of complex molecules can be adsorbed. Polymeric adsorbents are used in various specialized applications such as chemical processing, food and beverage processing and pharmaceuticals.” The growth of the polymeric adsorbents market is attributed to the growth of the pharmaceutical as well as food & beverage industries, globally. However, factors such as high price of polymeric adsorbents may inhibit the growth of the market.
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MarketsandMarkets expects the global polymeric adsorbents market size to grow from USD 120 million in 2021 to USD 162 million by 2026, at a CAGR of 6.18% from 2021 to 2026. The market for polymeric adsorbents is segmented, on the basis of type, into aromatic (crosslinked polystyrenic matrix), modified aromatic (brominated aromatic matrix), Methacrylic (methacrylic ester copolymer), and phenol formaldehyde. Aromatic is projected to dominate the market for polymeric adsorbents by 2026, in terms of value. The increased use of aromatic (cross-linked polystyrenic matrix) polymeric adsorbents in various end-use industries can be attributed to their high hydrophobicity, high adsorption capacity, and excellent pressure & flow characteristics. These properties have led to an increased consumption of these adsorbents in pharmaceutical and food & beverages industries.
On the basis of end-use industry, pharmaceutical is projected to be the largest segment in the polymeric adsorbents market during the forecast period. Polymeric adsorbents are preferred in this industry owing to their high chemical and physical stability, unique pore size distribution, and the ability to adsorb low hydrophobic materials. The growth of this segment is attributed to stringent regulations set for maintaining high purity and quality of the pharmaceutical products. The regulations have increased the demand for polymeric adsorbents in the purification of pharmaceutical products such as antibiotics and enzymes.
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The polymeric adsorbents market is studied for five regions, namely, North America, APAC, Europe, Middle East & Africa and South America. The APAC region accounted for the largest market share in 2021, in terms of both value and volume. Furthermore, the market for polymeric adsorbents in the APAC region is projected to grow at the highest CAGR from 2021 to 2026, in terms of both value and volume. In 2020, the market had a nominal impact due to COVID-19 and witnessed a minimal decline in its demand in 2020. Due to COVID-19, the market is being hampered owing to slowing raw material production, supply chain disruption, hampered trade movements, and shutdown of manufacturing plants. However, with the rise in cases of COVID-19, the market has not faced any negative impact on the demand for polymeric adsorbents. The polymeric adsorbents market has observed a boost in its demand in 2020 as well as in the first quarter of 2021, owing to the rising demand for purification and separation applications across various end-use industries. This is expected to continue and the polymeric adsorbents market is expected to experience growth in its demand post-pandemic as well.
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