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 is largely driven by high demand for nanoporous materials for water treatment and environment applications.
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.
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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.
An amalgamation of bottom-up and top-down has been used to calculate the market size. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
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Among the various end-users of nanoporous materials, the petroleum refining segment held the largest share in the global market in 2015 and the environmental segment is anticipated to witness the highest growth during 2016 - 2022.
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.
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