Data Bridge Market Research analyses that the molecular sieves market will witness a CAGR of 5.6% for the forecast period of 2021 to 2028 and is likely to reach at USD 6,100.0 million by 2028.
Molecular sieves are the type of synthetic zeolite materials engineered with pores of even sizes and structures. They are used for riveting liquids and gas molecules that are smaller than the effective diameters of the pores. It is a kind of a fast-drying agent and keeps the ability to trap moisture quickly compared to silica gel.
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The increase in demand in the oil and gas industry acts as one of the major factors driving the growth of molecular sieves market. The rise in the demand in the automotive and transportation industries, rising awareness for the treatment of hazardous organic materials in the wastewater, increase in government initiatives and rise in per capita disposable incomes accelerate the molecular sieves market growth. Furthermore, rapid development of anti-microbial zeolite molecular sieves and the high growth prospects in the pharmaceutical industry extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost of molecular sieves and threat from chemical composites, enzymes, and other alternatives are expected to obstruct the market growth. Illegal trade of refrigerants are projected to challenge the molecular sieves market in the forecast period of 2021-202
Competitive Landscape and Molecular Sieves Market Share Analysis
The molecular sieves market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to molecular sieves market.
The major players operating in the molecular sieves market report are Honeywell International Inc., BASF SE, Clariant AG, Tosoh Corporation, W. R. Grace & Co.-Conn., SHOWA DENKO K.K., ZEOCHEM AG, KNT Group, Arkema, PQ Corporation, CWK Chemiewerk Bad Köstritz GmbH, NALCO India., Dalian Haixin Chemical Industrial Co., Ltd.., Sorbead India, Rive Technology, ANTEN CHEMICAL CO., LTD., Industrias Químicas del Ebro, S.A., International Zeolite Corp, St. Cloud Mining and Huiying Chemical Industry(Xiamen) Co., Ltd., among others. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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This molecular sieves market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on molecular sieves market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Molecular Sieves Market Scope and Market Size
The molecular sieves market is segmented on the basis of type, size, shape, product, and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the molecular sieves market is segmented into 4A, 3A, 5A, 13X, zeolite Y, and others.
- On the basis of size, the molecular sieves market is segmented into microporous, mesoporous, and macroporous.
- On the basis of shape, the molecular sieves market is segmented into beads, pellets, and powder.
- On the basis of product, the molecular sieves market is segmented into carbon, clay, porous glass, silica gel, zeolite, and others.
- On the basis of end-user industry, the molecular sieves market is segmented into oil and gas, automotive, packaging, coatings, wastewater treatment, detergents, and others.
Molecular Sieves Market Country Level Analysis
The molecular sieves market is analyzed and market size, volume information is provided by country, type, shape, product, and end-user industry as referenced above.
The countries covered in the molecular sieves market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the molecular sieves market and will continue to flourish its dominance during the forecast period due to growing urbanization and rapid industrialization. Europe is projected to register the highest growth for the forecast period of 2021 to 2028 due to owing to the high growth of various end-use industries, such as packaging, oil and gas, automotive, and coatings.
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