Global Molecular Sieves Market 2016-2020
About Molecular Sieves
Molecular sieves contain minuscule holes or pores of consistent size. These pores permit molecules of small dimension to enter the sieve, while larger molecules get separated. Molecular sieves are produced from raw materials such aluminosilicate minerals, silicon dioxide, and mesoporous silica. An example of molecular sieve is crystalline metal aluminosilicate, which has three-dimensional linkages between alumina tetrahedra and silica. Their unique structure helps to remove water by absorbing it in the porous crystalline structure. These pores have high affinity to absorb water or similar dimensional molecules. Grade 4-8A sieves are frequently used in gas phase application to absorb water from gases and gas mixtures. Grade 3A, 4A, 5A, and 13X sieves, in their powdered form, are appropriate for specialized applications.
Technavio’s analysts forecast the global molecular sieves market to grow at a CAGR of 6.48% by volume during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global molecular sieves market for 2016-2020. To calculate the market size, the report considers the sales volume of molecular sieves in the oil and gas, petrochemicals, process, construction, and other industries, such as the automotive, paints and coatings, packaging, and nuclear power industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Molecular Sieves Market 2016-2020
Technavio recognizes the following companies as the key players in the global molecular sieves market: BASF, CECA, Grace, Honeywell UOP, and Zeochem.
Other Prominent Vendors in the market are: Axens, Clariant, KNT, Sorbead India, and Union Showa KK.
Commenting on the report, an analyst from Technavio’s team said: “Growing demand from oil and gas industry will be a key trend for market growth. The majority of the molecular sieves are imported in the Middle East from APAC and European countries. Many global players in North America and Europe have set up their plant in APAC in order to cater to the demand for oil and gas, petrochemicals, and process industries of the Middle East.”
According to the report, high demand from refinery industry will be a key driver for market growth. Currently, oil is the key source of energy and this dominant position most undoubtedly will continue in the succeeding decades. This is basically due to the amount of maturity that has been accomplished in oil refining and petrochemistry as a result of the substantial effort in research and development. The efficiency of oil refining is largely established on the use of molecular sieves as catalysts, which has been considered as one of the major activities in the refinery industry in recent times.
Further, the report states that the health hazards associated with the ingestion and inhalation of molecular sieves products is one of the challenges manufacturers are facing in the global molecular sieves market. Molecular sieves are extensively used as a food additive in the food and beverage industry. These sieves are used as desiccants in various food products, owing to their ability to absorb moisture and prevent any moisture damage to packaged food products.
BASF, CECA, Grace, Honeywell UOP, Zeochem, Axens, Clariant, KNT, Sorbead India, Union Showa KK.