Global Zeolite Molecular Sieves Market - Segmented by Raw Material, End-user Industry, and Geography - Trends and Forecasts (2017 - 2022)
The Global Zeolite Molecular Sieve Market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of XX% during the forecast period from 2015 to 2020.
Zeolite molecular sieves are used in numerous systems for the drying and purification of liquids and gases. They are either produced from naturaly occurring zeolites or they are synthetically produced crystalline metal aluminosilicates that have been activated for adsorption by removing their water of hydration. Their structure remains unchanged during the process which leads to the formation of highly porous adsorbents with uniform pore sizes and molecular dimensions. They are used to dry, purify and separate liquids and gases. They can be reused by regeneration where the adsorbate molecules are removed from the molecular sieve bed by heating and purging with a carrier gas.
Molecular sieves are mostly used in petroleum refineries where they provide energy efficient options to certain separation processes that involve heating of the oils. Another major end-user industry is detergents industry. For purification purposes, they are use in waste & water treatment industries, air purification, nuclear industry, etc. Some of the other end-user industries include agricultural products, automotive, cosmetics, industrial gas production, heating & refrigeration, nuclear industry and pharmaceutical industry.
A number of factors, such as low crude oil prices, high demand from the detergents market drive this market. However, this market faces certain drawbacks, such as threat from chemical composites, enzymes and other substitutes. This factor may act as a roadblock to the growth of the market.
The global Zeolite Molecular Sieves market, on the basis of raw material has been segmented into natural and artificial zeolite. The market has also been geographically segmented into Asia-pacific, Europe, North America, South America, and Middle East & Africa. The regions are further segmented into countries such as China, India, Japan, South Korea, Australia & New Zealand, Germany, UK, France, Italy, USA, Canada, Mexico, Brazil, Argentina, South Africa and Saudi Arabia.
The market is expected to grow rapidly due to factors such as an increasing demand from various sectors for using green technologies and the development of anti-microbial zeolite molecular sieves. Apart from that, the FDA approval for the use of these materials in food items has opened new prospects for the global molecular sieve market. Some of the major companies dominating this market for its products, services, and continuous product developments are Tosoh Corp, BASF, Zeolyst, and Union Showa KK
Key Deliverables in the Study
Market analysis for the Global Zeolite Molecular Sieves Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global Zeolite Molecular Sieves market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped