Molecular Sieves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Molecular Sieves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2167
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Market Overview:

The global molecular sieves market size reached US$ 4.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.

Molecular sieves are various materials with small pores of uniform structure and size. They are produced in powdered/beaded/pelleted form by the dehydration of synthetic or naturally occurring materials like zeolite, silica, clay, etc. They adsorb gas or liquid molecules, which are smaller than the effective diameter of the pores while excluding molecules that are larger than the openings. Known for their drying capabilities, crushing strength, contamination resistant property, and a high number of utilization cycles that offer a prolonged product life, molecular sieves find widespread application across numerous industries, including detergent, water treatment and oil and gas.

Global Molecular Sieves Market

Molecular sieves are primarily utilized across industries for the separation of permanent gases (hydrogen, oxygen, nitrogen, carbon monoxide, and inert gases) and low molecular weight linear and branched-chain hydrocarbons. This represents one of the key factors driving the market growth. These sieves also find extensive application as a catalyst in the petroleum and petrochemical industries. Apart from this, increasing environmental consciousness, coupled with the implementation of stringent governmental regulations favoring the use of molecular sieves as they are environment-friendly, is also contributing to the market growth. Furthermore, the projected applications of biocompatible molecular sieves in the healthcare sector, including use for controlled drug release in the human body, are expected to act as another major growth-inducing factor. Besides this, the rising water treatment activities for the purification of water and gas streams, along with the removal of nuclear waste with the use of molecular sieves, are anticipated to further increase the product demand across the globe.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global molecular sieves market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, material type, application, shape, size and end-use industry.

Breakup by Type:

  • Type 3A
  • Type 4A
  • Type 5A
  • Type 13X
  • Type Y
  • Pentacil
  • Others
     

Breakup by Material Type:

  • Carbon
  • Clay
  • Porous Glass
  • Silica Gel
  • Zeolite
  • Others
     

Breakup by Application:

  • Catalyst
  • Adsorbent
  • Desiccants
     

Breakup by Shape:

  • Pelleted
  • Beaded
  • Powdered
     

Breakup by Size:

  • Microporous
  • Mesoporous
  • Macroporous
     

Breakup by End-Use 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:

The report has also analysed the competitive landscape of the market with some of the key players being Axens, BASF SE, Bear River Zeolite Company (USAC), Caledon Laboratories Limited, CECA (Arkema), Clariant Produkte (Schweiz AG), Honeywell UOP, Interra Global Corporation, KNT Group, Merck & Co., Sorbead India, Tosoh Corporation, Zeochem AG (Cph Chemie & Papier), etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Material Type, Application, Shape, Size, End-Use Industry, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Axens, BASF SE, Bear River Zeolite Company (USAC), Caledon Laboratories Limited, CECA (Arkema), Clariant Produkte (Schweiz AG), Honeywell UOP, Interra Global Corporation, KNT Group, Merck & Co., Sorbead India, Tosoh Corporation, and Zeochem AG (Cph Chemie & Papier)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global molecular sieves market was valued at US$ 4.0 Billion in 2022.

We expect the global molecular sieves market to exhibit a CAGR of 4.6% during 22023-2028.

The rising demand for molecular sieves across various industries, including chemical, pharmaceuticals, water treatment, etc., as they offer drying capabilities, crushing strength, prolonged product life, etc., is primarily driving the global molecular sieves market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for molecular sieves.

Based on the material type, the global molecular sieves market can be segmented into carbon, clay, porous glass, silica gel, zeolite, and others. Currently, zeolite holds the majority of the total market share.

Based on the shape, the global molecular sieves market has been divided into pelleted, beaded, and powdered. Among these, pelleted currently exhibits a clear dominance in the market.

Based on the end-use industry, the global molecular sieves market can be categorized into oil and gas industry, agricultural industry, chemical industry, pharmaceutical industry, water treatment industry, construction industry, and others. Currently, the oil and gas industry accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global molecular sieves market include Axens, BASF SE, Bear River Zeolite Company (USAC), Caledon Laboratories Limited, CECA (Arkema), Clariant Produkte (Schweiz AG), Honeywell UOP, Interra Global Corporation, KNT Group, Merck & Co., Sorbead India, Tosoh Corporation, Zeochem AG (Cph Chemie & Papier), etc.

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Molecular Sieves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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