Zeolite Molecular Sieve Market size is expected to value at USD 4.27 billion by 2022. The zeolite molecular sieve industry is subject to witness a substantial growth due to the rising demand for production of detergent and catalysts. Additionally, zeolite molecular sieve is increasingly utilized as an absorbent due to of its sieve-like structure. Zeolite molecular sieve are crucial for separation and adsorption in various manufacturing process for production of detergents..
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The key driving factors responsible for the growth of Zeolite Molecular Sieve market :
Zeolite molecular sieve used as an absorbent, particularly in oil & gas sector and for water treatment. Rising demand for detergents due to increase in hygiene awareness among consumers is anticipated to boost demand for zeolite molecular sieve as a builder in liquid and powder detergents. Globally, the zeolite molecular sieve market is predicted to grow at CAGR of 2.3% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
Rapid expansion of oil & gas industry, particularly in the North America & South America region, and end-use demand for catalysts to provide higher yield are estimated to aggravate market growth over the next seven years. In addition, substantial increase in the number of water treatment activities for wastewater treatment and purification of water are propelling market demand for zeolite molecular sieve, in the recent years.
However, availability of various alternatives such as enzymes, metals and other chemical compounds and their relatively lower cost in comparison with zeolite molecular sieve are expected to limit market demand to a certain extent. Additionally, volatility in cost of raw materials is restraining market growth, in the last few years. Yet, introduction of silver infused sieves as an antimicrobial is expected to amplify market expansion in the near future.
Zeolites, which are micro-porous in nature and contains alumino-silicate minerals are commonly used as industrial adsorbents and catalysts. Zeolites are naturally found compounds. However, zeolites are manufactured for industrial use on a large scale. Industrially important zeolites are manufactured via various synthetic technique. Industrial zeolites are produced by heating aqueous solutions of alumina and silica with sodium hydroxide, while sodium aluminate and sodium silicate acts as a catalyst. Industrial application of zeolites include ion-exchange beds in residential and commercial water purification, softening, and other applications. Primary use of zeolites is in production of detergents.
The zeolite molecular sieve industry is broadly categorized into four major segments based on the application type such as detergents, catalysts, wastewater management and oil & gas industry. The detergents is considered as one of the fastest growing segment in the zeolite molecular sieve market with substantial revenue generation in the last few years. Growing popularity of zeolite molecular sieve in the detergents segment is attributed to the extensive use as binders. The oil & gas industry segment has also witnessed substantial growth owing to the increasing demand for absorbents.
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The global Zeolite Molecular Sieve Market size is expected to value at USD 4.27 billion by 2022.
Additionally, zeolite molecular sieve is increasingly utilized as an absorbent due to of its sieve-like structure.
Zeolite molecular sieve are crucial for separation and adsorption in various manufacturing process for production of detergents.Zeolite molecular sieve used as an absorbent, particularly in oil & gas sector and for water treatment.
Globally, the zeolite molecular sieve market is predicted to grow at CAGR of 2.3% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/zeolite-molecular-sieve-market/request-sampleRapid expansion of oil & gas industry, particularly in the North America & South America region, and end-use demand for catalysts to provide higher yield are estimated to aggravate market growth over the next seven years.
In addition, substantial increase in the number of water treatment activities for wastewater treatment and purification of water are propelling market demand for zeolite molecular sieve, in the recent years.However, availability of various alternatives such as enzymes, metals and other chemical compounds and their relatively lower cost in comparison with zeolite molecular sieve are expected to limit market demand to a certain extent.
Additionally, volatility in cost of raw materials is restraining market growth, in the last few years.
Zeolite Molecular Sieve Market was valued US$ 4.81 Bn in 2017 and is estimated to reach US$ 6.72 Bn by 2026 at a CAGR of 4.27 % during the forecast.Zeolite molecular sieve is widely used as a catalyst in a variety of chemical processes.
Zeolite molecular sieve finds its necessity in industrial and residential purposes for wastewater treatment.
As has become an extremely challenging issue in recent times.
Zeolites are the best-known adsorbents, as the activated carbon is a matter of high-regeneration and production costs influencing positively on the market.Detergents segment held a two-third share of the global zeolite molecular sieve market.
Zeolite molecular sieves possess the ability to produce demineralized water through calcium ion exchange which helps in the removal of any kind of dirt resulting in tremendous demand for zeolite molecular sieves.
Molecular sieves are used for a wide range of catalytic applications.
December 10, 2018: Adroit Market Research launched a study titled, “Global Zeolite Molecular Sieve Market Size 2017 By Application (Detergents, Catalysts, Others), By Region and Forecast 2018 to 2025”.
The global zeolite molecular sieve market report also includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics.
The global zeolite molecular sieve market is driven majorly by the rising demand from oil and gas industries for the highly efficient zeolite molecular sieve absorbents, in order to curb the environmental ill effects caused by excessive resource usage.
Molecular sieves are alumino silicate solids with uniformly sized and precise forms.
The molecular sieves include Zeolites, porous glass, activated carbon, and clay.
With the development of new commercial zeolites from newly discovered composition and structures, and chemical modifications of present commercial products has resulted in the emergence of new application areas for global molecular sieve industry.
The prime objective of Molecular Sieve Adsorbents Market report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches.
Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/98468/global-molecular-sieve-adsorbents-2021-394 Molecular Sieve Adsorbents market, molecular sieves are crystalline, highly porous materials, which belong to the class of aluminosilicates and are available in the form of beads, pellets and powder.
These crystals are characterised by a three-dimensional pore system, with pores of precisely defined diameter.
Molecular sieve adsorbent downstream is widely, the major fields are petroleum refining and air separation, etc.
For demand market of molecular sieve adsorbent, there is also a certain space in the next few years, especially in the Chinese market.By Market Verdors:UOP (Honeywell)CECA (Arkema)Tosoh CorporationGraceZeochem AGCWKKNT GroupZeolites & Allied ProductsHaixin ChemicalShanghai HengyeFulong New MaterialsPingxiang XintaoZhengzhou SnowLuoyang Jianlong ChemicalHenan Huanyu Molecular SieveShanghai Jiu-Zhou ChemicalAnhui Mingmei MinchemShanghai Zeolite Molecular SieveZhongbao Molecular SieveBy Types:3A4A5AType XBy Applications:Air SeparationPetroleum RefiningPetrochemicalsRefrigerantsNatural GasKey Indicators AnalysedMarket Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027.
With detailed analysis by types and applications.Market Trends: Market key trends which include Increased Competition and Continuous Innovations.Opportunities and Drivers: Identifying the Growing Demands and New TechnologyPorters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.Key Reasons to PurchaseTo gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.Assess the production processes, major issues, and solutions to mitigate the development risk.To understand the most affecting driving and restraining forces in the market and its impact in the global market.Learn about the market strategies that are being adopted by leading respective organizations.To understand the future outlook and prospects for the market.Besides the standard structure reports, we also provide custom research according to specific requirements.Reasons to Purchase Our Research Report:1.
