The global Zeolite Molecular Sieve Market is forecast to reach USD 6.56 Billion by 2027, according to a new report by Reports and Data. Rising demand for energy combined with stress on green technologies has resulted in increasing demand for zeolite molecular sieves as catalysts for petroleum refining. Higher yield and efficiency, and non-toxicity property of zeolites has resulted in the extensive usage of the mineral for catalytic operations. In addition, increasing demand for adsorbents due to rising awareness regarding the presence of hazardous organic materials in wastewater is anticipated to augment zeolite molecular sieve market demand over the forecasted period.
Detergents accounted for around 70% of the global zeolite molecular sieve market volume share in 2019. It is used in detergents due to its ability to produce demineralized water through calcium ion exchange, which aids in the removal of all kinds of dirt. This has resulted in enhanced demand for zeolite molecular sieves from the detergent segment. Zeolite molecular sieves being extensively used in the petroleum industry as catalysts that are expected to drive industry growth.
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Further key findings from the report suggest
- Global zeolite molecular sieve demand is expected to grow at a CAGR 5.4% over the forecasted period owing to its increasing usage in the petroleum industry.
- Asia Pacific is expected to be a lucrative market with a 21.7% global market share in 2019. Growing demand for detergents & refrigerants and increasing utilization of zeolites in processing methods in the nuclear industry for the removal of nuclear waste is anticipated to have a positive impact in the region over the forecast period.
- China was the largest consumer of natural zeolites in 2019, owing to a well-established manufacturing base for petroleum refining, gas separation, water purification, and detergents.
- Among the regional segment of the zeolite molecular sieve market, Europe is presently leading the market with 42.8% of the global market share, and it will continue to dominate with an estimate to register the highest growth rate of 5.4% over the forecasted period.
- Zeolite molecular sieves are used to crack petroleum as it causes certain structural changes during the chemical reaction, which aids in the production of petrochemicals.
- Key participants include Tosoh Corporation, Arkema Group, BASF SE, Interra Global Corporation, UOP LLC, Zeochem AG, Grace Catalysts Technologies, Chemiewerk Bad Köstritz, Tricat Group, and KNT Group, among others.
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For the purpose of this report, Reports and Data have segmented the global zeolite molecular sieve market on the basis of raw material, end-users, application and region:
Raw Material Outlook (Revenue, USD Billion; 2017-2027)
- Natural Zeolite
- Synthetic Zeolite
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Agricultural Products
- Air Purification
- Automobile Industry
- Cosmetics
- Detergents
- Paints and Plastics Industry
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Detergents
- Catalysts
- Others
Regional Outlook (Revenue in USD Billion; 2017–2027)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Highlights of the TOC:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Zeolite Molecular Sieve Market Segmentation & Impact Analysis
4.1. Zeolite Molecular Sieve Market Material Segmentation Analysis
4.2. Industrial Outlook
Continue….
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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the Zeolite Molecular Sieve market and its competitive landscape.
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