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.
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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.
The oil and gas and petrochemical industry are witnessing a significant shift from solvent-based adsorbents to non-solvent based adsorbents, due to various factors such as the need to curb pollution, stringent government regulations on fuel standards, and growing inclination toward a circular economy. The increased installation of adsorbents, primarily in the downstream industry, is predicted to propel the market. Moreover, the growing demand for cleaner fuels and increasing awareness to reduce the energy requirements to operate a plant is expected to drive the market during 2020-2025.
The report consists of an extensive study of the BTX and hydrocarbon separating adsorbents. The report includes a thorough analysis of various products, regeneration power, sales mode, and application along with end-use industries. In this study, the impact of COVID-19 outbreak on various end-use industries for various region/country has been considered.
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The demand for cleaner fuels has been increasing exponentially in colder regions as cleaner fuels have lower freezing points and lower densities. Due to these reasons, the automobiles that use fuel have increased the demand for cleaner fuels as they help eliminate the start-up problems during cold seasons. Apart from the use of adsorbents in the fuel industry, they are also used in the petrochemical industry, petrochemicals such as low-density polyethylene (LDPE) and poly-vinyl chloride (PVC) need elimination from BTX and hydrocarbons in the monomer stage itself for the polymer to sustain and prevent it from cracking by becoming brittle during the colder seasons.
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.
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