Global molecular sieves market is expected to grow at a significant CAGR of 4.87% in the upcoming period as the scope and its applications are rising enormously across the globe. Molecular sieves are synthetic zeolite materials contrived with pores of specific and uniform size and structure. Based on polarity and molecular size it absorbs liquids and gases. Zeolites are highly porous crystalline solids that belong to the chemical class called as aluminosilicates.
The factors that are playing a major role in the growth of the molecular sieves market are the growing awareness among populace regarding treatment for hazardous organic materials in wastewater and low cost of crude oil. However, the threat from enzymes and chemical composites may restrain overall market growth in the years to come. Molecular sieves market is segmented based on grade, product type, form, material, end-user, and region.
13X, 10X, 5A, 4A, 3A, and the other grades could be explored in molecular sieves in the forecast period. Grade 3A sector accounted for the substantial market share of molecular sieves and is estimated to lead the overall market in the years to come. The reason could be it helps to remove moisture from liquefied gases.
Zeolite, carbon, silica gel, clay, porous glass, and other product types could be explored in molecular sieves in the forecast period. Powdered, beaded, and pelleted forms could be explored in molecular sieves in the forecast period. Based on material, microporous, macro-porous, and mesoporous could classify molecular sieves in the forecast period.
The market could be categorized based on end-users like waste & water treatment, agricultural products, plastics & polymers industry, air purification, pharmaceutical industry, automotive industry, petroleum refining & petrochemicals, cosmetics, oil and gas, detergents industry, industrial gas production, and others could be explored in the forecast period.
Oil and gas sector accounted for the substantial market share of molecular sieves and is estimated to lead the overall market in the years to come. The reason could be the high demand from oil and gas industry for the dehydration and purification of gases. Desiccants, catalyst, adsorbent, and other applications could be explored in molecular sieves in the forecast period.
Asia Pacific accounted for the substantial market share of molecular sieves and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the high demand in surfactants and nuclear industries for the removal of nuclear waste. The developing countries like India and China are the major consumers of molecular sieves in this region.
North America and Eastern Europe are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. However, Eastern Europe is estimated to grow at the highest CAGR in the forecast period. The key players of molecular sieves market are Zeolyst International, Arkema, Zeochem AG, Axens, Union Showa KK, BASF SE, Honeywell International Inc., Tosoh Corporation, Bete Ceramics Co. Ltd., Luoyang Jianlong Micro Nano New Materials Co. Ltd., Calgon Carbon Corporation, Merck & Co. Inc., Dalian Absorbent Co. Ltd., and KNT Group. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Report contents include
• Analysis of the molecular sieves market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on molecular sieves including products, sales/revenues, and market position
• Market structure, market drivers and restraints.
• North America
• Asia Pacific
• Middle East and Africa
• South America
• Zeochem L.L.C.
• Ceca S.A.
• BASF SE
• Honeywell International Inc.
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Research Support Specialist, USA