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.
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.
A steep decline in the usage of solvent-based extraction technologies is expected in the next five years, due to the increasing competition and technological advancements in the oil and gas industry. Therefore, end-user industries are focusing on the adoption of highly efficient BTX and hydrocarbon separating adsorbents to increase their revenue and geographical presence to achieve a better position in the global market in the coming years.
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Offline sales are most prominent sales mode ever since the market began to expand owing to bigger class of end-use customers of adsorbents, which are oil and gas industries, petrochemical industries, and refineries. Since this business requires customer loyalty and extensive aftersales services, offline marketing channels provide better chances of building better customer relationships.
The petroleum refining industry is one of the largest industries globally and acts as a vital entity for the growth and development of any nation as well as its economy. With the advancement in technology, the fuels have become more efficient, as the purification process has evolved, aiding in better contamination separation. The BTX and heavy hydrocarbon (C5+) specifications have extremely strict purity requirements (ppm level). The effective removal of these compounds ensures the reduction of health and safety hazards during the manufacturing and refinery processes. It also ensures product quality in petrochemicals as well as in refinery products and in oil & gas industry. The list of technologies that have emerged for separating BTX and hydrocarbons is shown below. The following figure lists the technologies along with their basic definition.
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.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.A steep decline in the usage of solvent-based extraction technologies is expected in the next five years, due to the increasing competition and technological advancements in the oil and gas industry.
The global BTX and Hydrocarbon Separating Adsorbent market is segmented by company, region (country), by Type, and by Application.
The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/100573/global-btx-hydrocarbon-separating-adsorbent-2021-827 Segment by TypeMolecular SieveActivated CarbonSilica-GelActivated AluminaOthersSegment by ApplicationGas SeparationChemical ManufacturingOthersThe BTX and Hydrocarbon Separating Adsorbent market is analysed and market size information is provided by regions (countries).
Segment by Application, the BTX and Hydrocarbon Separating Adsorbent market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.By CompanyAxens GroupBASF SECabot CorporationCECA SA (Arkema Group)Clariant AGGuild Associates, Inc.Hengye Inc.Honeywell International Inc.JACOBI CARBONS GROUP (Osaka Gas Chemicals Co., Ltd.)Kuraray Co., LtdPall CorporationW.
R. Grace & Co.Zeochem AGZeolyst InternationalReasons to Purchase Our Research Report:1.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects4.
The market intelligence report on the BTX industry offers the readers an extensive assessment of the sector, along with the potential growth of the same to be expected in the coming years.
In the study, 2016 and 2017 have been referred to for determining the past performance, while 2018 has been assumed as the base year to predict the trajectory of the progress of the industry during the forecast years from 2019 to 2026.
The report is aimed at helping the reader get a holistic view of the market with all crucial aspects in order to decipher optimum business plans.This report covers the recent COVID-19 incidence and its impact on BTX Market.
This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.Enter your information in the form below to receive a sample copy of this Report @ https://www.reportsanddata.com/sample-enquiry-form/2705Scope of Report:The report underlines the market trends drawn after the assessment of the past data gathered from 2016 and 2017 and performs a comprehensive study of the trends in the sector to derive market insights and calculate the CAGR that can be expected in the forecast years.
The report also scrutinizes the financial performance, novel technologies, and strategic expansion undertaken by the company, which includes mergers and acquisitions and collaborations.
The study also outlines the technological advancements in the sector, especially those credited to top companies in the industry.In market segmentation by manufacturers, the report covers the following companies-BASF SE, Dow DuPont, ExxonMobil Corporation, China National Petroleum Corporation, Royal Dutch Shell PLC, Borealis AG, Covestro AG, Saudi Basic Industries Corporation, Mitsubishi Gas Chemical Company, Inc., and Reliance Industries Limited, among others.Segmentation:For the purpose of this report, Reports and Data have segmented the global BTX Market on the basis of the type, sales channel, application, end-use verticals, and region:Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)BenzeneTolueneXyleneMixedSales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)Online RetailingOffline RetailingApplication Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)SolventAdditiveGet this report at a special discounted price, visit @ https://www.reportsanddata.com/discount-enquiry-form/2705 In market segmentation by geographical regions, the report has analysed the following regions- North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, Colombia) To give better clarity of the market scenario, the report also analyzes customer preferences, the increasing levels of disposable incomes, and how these critical aspects can affect the global market scenario.
