Report : North America Drinking Water Adsorbents Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Zeolite, Clay, Activated Alumina, Activated Carbon, Manganese Oxide, Cellulose, Others)
Activated Carbon Segment to Dominate North America Drinking Water Adsorbents Market during 2019–2027
According to a new market research study on “North America Drinking Water Adsorbents Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Product” is expected to reach US$ 215.39 million by 2027 from US$ 156.63 million in 2019. The market is estimated to grow at a CAGR of 4.1% from 2020 to 2027. The report provides trends prevailing in the North America drinking water adsorbents market along with the drivers and restraints pertaining to the market growth. Rising demand for activated carbon is the major factor driving the growth of the North America drinking water adsorbents market. However, issues associated with presence of substitutes hinders the growth of North America drinking water adsorbents market.
Based on product, the North America drinking water adsorbents market is categorized into zeolite, clay, activated alumina, activated carbon, manganese oxide, cellulose, and others. In 2019, the activated carbon segment dominated the market by accounting for 52.7% of the total market share.
The ongoing COVID-19 pandemic has been devastating for several North American countries, especially the US. these countries have the highest acceptance and development rate of emerging technologies. Any impact on industries is, therefore, projected to have a negative influence on the region's economic development. Currently, the US is the world’s worst-affected country, which has led to sudden pause on the operation of industries in the entire region, as other North American countries are highly dependent on the industrial sector in the US. The chemical & materials industry is suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in North America has put restrictions on the supply chain and disturbed manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products. The travel bans imposed by countries in North America are hindering the business collaboration and partnership opportunities. Thus, these factors are also limiting the growth of other markets related to the North American chemical & materials industry, including the drinking water absorbents market.
BASF SE, Cyclopure Inc., Dupont, Evoqua Water Technologies LLC, KMI ZEOLITE, KURARAY CO. LTD, Lenntech B.V., Purolite, and TIGG LLC among the leading companies in the North America drinking water adsorbents market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the North America Drinking Water Adsorbents Market follows:
North America Drinking Water Adsorbents Market – By Product
- Activated Alumina
- Activated Carbon
- Manganese Oxide
North America Drinking Water Adsorbents Market – By Country
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