The global Zeolite Molecular Sieve Market is projected to experience a growth rate of 5.2%, increasing from USD 4.46 billion in 2019 to USD 6.56 billion by 2027. The advancements in molecular chemistry have been instrumental in driving the demand for zeolite molecular sieves worldwide. These sieves have a wide range of applications, which has enabled distributors and vendors to generate new revenues.
Chromatography has become a crucial component in various chemical experiments and tests. The need for molecular separation has contributed to the popularity of chromatography in the chemical industry. As a result, the global zeolite molecular sieve market is expected to witness a rise in revenues in the coming years. Scientists have discovered numerous applications and advantages of aluminosilicates.
The requirement for sorting molecules based on their sizes has opened up new avenues for industry growth. The importance of activated charcoal and silica gel has attracted the attention of industry vendors, particularly in the petroleum sector. The demand for drying gas streams in this market has created opportunities for industry expansion. Moreover, the need to reduce the water content of liquid natural gas to less than 1 ppmv will also drive market demand. Investments in the petroleum sector have benefited vendors in the global zeolite molecular sieve market.
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Key companies in the market 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.
The Food and Drug Administration (FDA) in the US has played a significant role in popularizing molecular sieves. The use of molecular sieves in the pharmaceutical sector, especially in Europe, has gained significant attention. Additionally, the availability of various methods for the regeneration of molecular sieves has become an essential factor driving industry growth.
In terms of raw materials, the market comprises natural zeolite and synthetic zeolite. Synthetic zeolite currently holds a 56.2% market share and is expected to continue dominating the market with a growth rate of 5.2% over the forecast period. Natural zeolite is projected to exhibit the highest growth rate of 5.3% due to its usage in well-established manufacturing bases in China for petroleum refining, gas separation, water purification, and detergents.
Among the end-user segments, agricultural products currently lead the zeolite molecular sieve market with a 21.6% global market share, and it is expected to maintain its dominance with a growth rate of 5.4% over the forecasted period. The automobile industry is anticipated to witness the highest growth rate of 5.5% during the same period. The oil and gas industry is expected to grow due to increased global oil and gas activities. The manufacturing of anti-microbial zeolite molecular sieves is also expected to present future opportunities. Furthermore, the rising activities in wastewater treatment, water purification, and air purification are expected to boost the market for zeolite molecular sieves as adsorbents.
In terms of applications, detergents were the largest segment of the industry in 2019, with extensive usage across all regions. The growing demand for detergents, driven by increasing customer awareness regarding hygiene, is expected to fuel market growth. Catalysts are projected to be the fastest-growing segment within the global zeolite molecular sieve industry due to the expansion of the oil and gas industries. The increasing demand for high-performance catalysts that yield higher output will drive industry growth. Other applications include the usage of zeolite molecular sieves as adsorbents for wastewater separation and treatment in the gas industry. The growth of the gas and wastewater treatment industries is expected to propel the demand for zeolite molecular sieves.
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In terms of regional outlook, Europe dominated global industry demand in 2019, and this trend is expected to continue over the forecast period. The inclination towards reducing greenhouse gas emissions, coupled with a strong manufacturing base for detergents and refrigerants in countries such as France, Netherlands, Belgium, and Germany, is expected to drive growth. The European Commission passed the Renewable Energy Directive in 2009, which mandates 20% of EU energy manufacturing from biomass by 2020. This policy is anticipated to increase the production of bio-based chemicals.
Asia-Pacific is estimated to witness the fastest growth in the market during the forecast period due to increasing demand for detergents and catalysts. The focus on environmental protection by various governments has led to the growing utilization of zeolites for purifying gas streams and water purification. The increasing infrastructure expenditure in countries like India and China is also expected to enhance market growth, as zeolites are used in the production of lightweight construction materials and as important ingredients in the production of asphalt concrete mix.
Latin America is expected to experience decent growth of 3.9% due to rapid industrialization. In Europe, the rising demand for gasoline has increased the refining activities through fluidized catalytic cracking units, driving the demand for zeolite molecular sieves. The introduction of silver-infused sieves as antimicrobial agents will create new opportunities for market development in the forecasted period. Natural zeolites find a wide range of applications in gas stream separation, natural gas drying, and provide superior dispersion efficiency to reduce the rate of gas and liquid diffusion. The automotive sector has the highest growth rate due to the increasing demand for zeolite catalysts in automobile exhaust degradation, combined with the growth of automobile manufacturing.
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