The global nanoporous materials market was valued at $6,411.7 million in 2015, and it is expected to grow at a CAGR of 8.3% during 2016 – 2022. The factors driving the growth of the global market include large base of end-use industries, stringent water regulations and increasing demand for adsorbents.
The growth of the global nanoporous materials market is largely driven by high demand for nanoporous materials for water treatment and environment applications. The emerging economies of Asia-Pacific and Latin America, such as India, China and Brazil offer ample revenue generation opportunities to the manufacturers of nanoporous materials.
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Among the various types of nanoporous materials, the zeolites segment held the largest share (44.3%) with market size of $2,837.6 million in 2015 in the global nanoporous materials market. The activated carbon segment is anticipated to witness the highest growth at a CAGR of 11.5% during the forecast period. The increasing usage of activated carbon in water purification and air purification are driving the growth of the activated carbon segment.
In 2015, Asia-Pacific held the largest share (33.8%) in the global nanoporous materials market with a market size of $2,164.0 million. The nanoporous materials market in the region is anticipated to witness the highest growth at a CAGR of 9.6% during the forecast period. The major reasons behind the growth of the nanoporous materials market in the region include increasing compliance for international environmental norms in industrial sector and large consumer base in the region.
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Some of the major players operating in the global nanoporous materials market include Albemarle Corporation, BASF SE, Chemviron Carbon, Mineral Technologies Inc., Exxon Mobil Corporation, Calgon Carbon Corporation, Zeochem AG, Kuraray Chemical Co. Ltd., Clariant AG, and Zeolyst International.
GLOBAL NANOPOROUS MATERIALS MARKET SEGMENTATION
- Natural Zeolites
- Synthetic Zeolites
- Activated Carbon
- Powdered Activated Carbon
- Granular Activated Carbon
- Silica Gel
- Activated Alumina
- Petroleum Refining
- Pet Litter
- Water Treatment
- Food and Beverages
- Chemical Processing
- North America
- Rest of the World
This post was originally published on Financial Sector