Molecular Sieves - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Molecular Sieves Market is accounted for $3,683.00 million in 2020 and is expected to reach $5,870.14 million by 2028 growing at a CAGR of 6.0% during the forecast period. Increasing demand for processing from the oil and gas industry and rising awareness about the treatment of hazardous organic materials in wastewater are driving the market growth. However, the threat from chemical composites, enzymes, and other substitutes may hamper the market growth.
Molecular sieves are adsorbents and can be used as desiccants, with uniform pore sizes. Molecular sieves are primarily used for the separation of permanent gases like hydrogen, oxygen, nitrogen, carbon monoxide, and inert gases and low molecular weight linear and branched-chain hydrocarbons.
Based on shape, the pelleted segment is going to have lucrative growth during the forecast period. The pellet molecular sieve has better properties compared to other shaped molecular sieves. It has very high water adsorption capacity and mechanical strength and at the same time very low attrition loss. The main use is in the air & associated gas drying.
By geography, Asia Pacific is going to have high growth during the forecast period due to the increasing demand for surfactants and the major role of molecular sieves in nuclear industries to remove nuclear waste will boost the molecular sieves in the Asia Pacific region.
Some of the key players profiled in the Molecular Sieves include Arkema, Axens, BASF SE, Cabot Corporation, CarboTech, Clariant, Dalian Absortbent Co., Ltd, Desicca Chemicals Pvt.Ltd., Hengye Inc., Honeywell International Inc, JIUZHOU CHEMICALS, KNT Group, Kuraray Co., Ltd., Luoyang Jalon Micro-Nano New Materials Co., Ltd, Merck KGaA, and Sorbead India.
Estimated Market Size in 2020:
USD 3,683.00 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 5,870.14 million
Tables, Graphs & Figures
Shape, Size, Type, Product Type, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Zeolite Y
Product Types Covered:
• Silica Gel
• Porous Glass
• Activated Carbon
End Users Covered:
• Manufacturing Industry
• Waste Water Treatment/Effluent Treatment
• System Protection Devices
• LNG (Liquid Natural Gas) Industry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Molecular Sieves Market is majorly driven by rising awareness for the treatment of hazardous organic materials in the wastewater and increasing demand for processing from the oil and gas industry.
The pelleted segment is growing at a highest CAGR owing to the factors such as high water adsorption capacity and mechanical strength and at the same time very low attrition loss.
Asia Pacific dominated with a significant market share due to the fastest developing economies, growing industrialization and abundance of labor availability.
North America market is growing at a highest CAGR due to the rise in government spending has led to increased demand on the market for molecular sieves of zeolites.
Key players in Molecular Sieves Market include Arkema, Axens, BASF SE, Cabot Corporation, CarboTech, Clariant, Dalian Absortbent Co., Ltd, Desicca Chemicals Pvt.Ltd., Hengye Inc., Honeywell International Inc, JIUZHOU CHEMICALS, KNT Group, Kuraray Co., Ltd., Luoyang Jalon Micro-Nano New Materials Co., Ltd, Merck KGaA, and Sorbead India.
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