According to the latest report by IMARC Group, titled “Zeolite Molecular Sieve Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global zeolite molecular sieve market size reached US$ 3.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2027, exhibiting a growth rate (CAGR) of 3.57% during 2022-2027.
Zeolite molecular sieves are crystalline aluminosilicates minerals that involve a definite pore size and structure. They are small, pink-colored beads that are composed of sodium, potassium, magnesium, and calcium. Zeolite molecular sieves mainly act as a catalyst and an efficient absorbent in chemical and separation processes. Consequently, they are commonly used in the oil and gas sector to manufacture detergents and refrigerants, facilitate separation in water treatment applications, and dehydrate ethanol, methane, air, and cracked gases.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The escalating demand for high-performance catalysts in the oil and gas industry is majorly driving the global zeolite molecular sieve market growth. The escalating need for efficient water treatment systems is further catalyzing the market growth. Moreover, since zeolite molecular sieve are used as a binding agent in liquid and powder substances, the inflating sales of products, such as soaps and detergents, are contributing to the market growth. Besides this, continuous product innovations, such as silver-infused sieves with antimicrobial properties, are creating a positive outlook for the market further.
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 User 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
Competitive Landscape with Key Player:
- Arkema Group
- BASF SE
- CWK Chemiewerk Bad Köstritz GmbH
- Honeywell UOP (Honeywell)
- Interra Global Corporation
- KNT Group
- Tosoh Corporation
- Tricat Group
- W. R. Grace & Company
- Zeochem AG (Cph Chemie & Papier)
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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