Jan 23, 2023   SOURCE: BusinessWire

Global Zeolite Molecular Sieve Market Report 2022 to 2027: Industry Trends, Share, Size, Growth, Opportunities and Forecasts - ResearchAndMarkets.com

The "Zeolite Molecular Sieve Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global zeolite molecular sieve market size reached US$ 3.7 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 4.5 Billion by 2027, exhibiting a CAGR of 3.32% during 2021-2027.

Companies Mentioned

  • Arkema Group
  • BASF SE
  • CWK Chemiewerk Bad Kostritz GmbH
  • Honeywell UOP (Honeywell)
  • Interra Global Corporation
  • KNT Group
  • Tosoh Corporation
  • Tricat Group
  • W. R. Grace & Company
  • Zeochem AG (Cph Chemie & Papier)

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A zeolite molecular sieve refers to a crystalline porous material with a definitive pore size. It appears as small, opaque and pink-colored beads that act as a catalyst in various chemical processes. It is manufactured using aluminosilicate solids with uniform size and definite structure and consists of other elements, such as sodium, potassium, magnesium and calcium.

The molecular sieve is commonly used to manufacture detergents, for adsorption and separation in water treatment applications and dehydration of ethanol, air, refrigerants, methane and cracked gases. It also offers electroneutrality and facilitates selective absorption of materials based on particle size and polarity.

Significant growth in the oil and gas industry represents one of the key factors driving the market. Furthermore, the growing requirement for efficient water treatment systems across the globe is also stimulating the market growth. The molecular sieve is used for removing hazardous organic materials in wastewater, such as pesticides, herbicides, phenols, polycyclic aromatic hydrocarbons (PAHs), aliphatic and heterocyclic compounds and macro-porous materials.

In line with this, widespread adoption of high-quality detergents resulting from the increasing hygiene awareness among the masses is also contributing to the market growth. The zeolite molecular sieve is used as an effective binder in both liquid and powder detergents, as it is environment-friendly and assists in eliminating calcium and magnesium ions from water for an effective wash.

Additionally, various product innovations, such as the development of silver infused sieves with antimicrobial properties, are also favoring the market growth. Other factors, including rapid industrialization, along with extensive research and development (R&D) activities, are anticipated to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global zeolite molecular sieve market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, grade, application and end use industry.

Breakup by Material:

  • Natural Zeolite
  • Artificial Zeolite

Breakup by Grade:

  • Type 3A
  • Type 4A
  • Type 13X
  • Others

Breakup by Application:

  • Catalyst
  • Adsorbent
  • Desiccants

Breakup by End Use Industry:

  • Oil and Gas Industry
  • Agricultural Industry
  • Chemical Industry
  • Pharmaceutical Industry
  • Water Treatment Industry
  • Construction Industry
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Key Questions Answered in This Report:

  • How has the global zeolite molecular sieve market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global zeolite molecular sieve market?
  • What are the key regional markets?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the grade?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global zeolite molecular sieve market and who are the key players?
  • What is the degree of competition in the industry?

For more information about this report visit https://www.researchandmarkets.com/r/x7qxj7