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The global zeolite molecular sieve market was valued at US$ 3.7 Billion in 2021.
We expect the global zeolite molecular sieve market to exhibit a CAGR of 3.57% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for zeolite molecular sieve.
The growing adoption of zeolite molecular sieve as a binder in liquid as well as powder detergents, as it is environment-friendly in nature and assists in eliminating calcium and magnesium ions from water for an effective wash, is primarily driving the global zeolite molecular sieve market.
Based on the material, the global zeolite molecular sieve market has been segmented natural zeolite and artificial zeolite. Currently, natural zeolite holds the majority of the total market share.
Based on the end use industry, the global zeolite molecular sieve market can be categorized into oil and gas industry, agricultural industry, chemical industry, pharmaceutical industry, water treatment industry, construction industry, and others. Among these, the oil and gas industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global zeolite molecular sieve market include 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, and Zeochem AG (Cph Chemie & Papier).
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