Global Molecular Sieves Market, By Type (4A, 3A, 5A, 13X, Zeolite Y, and Others), Size (Microporous, Mesoporous, and Macroporous), Shape (Beads, Pellets, and Powder), Product (Carbon, Clay, Porous Glass, Silica Gel, Zeolite, and Others), End User (Oil & Gas, Automotive, Packaging, Coatings, Wastewater Treatment, Detergents, and Others) - Industry Trends and Forecast to 2030.
Molecular Sieves Market Analysis and Size
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.
The increase in demand in the oil and gas industry acts as one of the major factors driving the growth of the 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, the rapid development of anti-microbial zeolite molecular sieves and the high growth prospects in the pharmaceutical industry extends profitable opportunities to the market players.
Data Bridge Market Research analyses that the molecular sieves market which was USD 4,398.92 million in 2022, would rocket up to USD 6,802.33 million by 2030, and is expected to undergo a CAGR of 5.6% during the forecast period of 2023 to 2030.
“Zeolite Y” dominates the type segment of the molecular sieves market owing to its broad range of applications across various industries. They are extensively used in gas separation, petrochemical refining, adsorption processes, catalysis, and other industrial processes. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Molecular Sieves Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Type (4A, 3A, 5A, 13X, Zeolite Y, and Others), Size (Microporous, Mesoporous, and Macroporous), Shape (Beads, Pellets, and Powder), Product (Carbon, Clay, Porous Glass, Silica Gel, Zeolite, Others), End User (Oil & Gas, Automotive, Packaging, Coatings, Wastewater Treatment, Detergents, and Others)
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Countries Covered
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North America (U.S., Canada, and Mexico), South America (Brazil, Argentina, and Rest of South America), Europe (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific), Middle East and Africa (U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and the rest of Middle East and Africa)
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Market Players Covered
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Honeywell International Inc. (U.S.), BASF SE (Germany), Clariant AG (Switzerland), Tosoh Corporation (Japan), W. R. Grace & Co.-Conn. (U.S.), SHOWA DENKO K.K. (Japan), ZEOCHEM AG (Switzerland), KNT Group (South Korea), Arkema (France), PQ Corporation (U.S.), CWK Chemiewerk Bad Köstritz GmbH (Germany), NALCO India (India), Dalian Haixin Chemical Industrial Co., Ltd. (China), Sorbead India (India), Rive Technology (U.S.), ANTEN CHEMICAL CO., LTD. (Taiwan), Industrias Químicas del Ebro, S.A. (Spain), International Zeolite Corp (Canada), St. Cloud Mining (U.S.), and Huiying Chemical Industry (Xiamen) Co., Ltd. (China).
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Market Opportunities
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Market Definition
Molecular sieves refers to highly porous materials with a well-defined structure composed of regular cavities and channels. They are typically crystalline metal aluminosilicates or other inorganic materials. Molecular sieves have the ability to selectively adsorb molecules based on their size and shape. The structure of molecular sieves consists of a network of interconnected channels and cavities of precise dimensions. These channels act as molecular-sized sieves, allowing small molecules to enter and be adsorbed while excluding larger molecules.
Molecular sieves are widely used in various applications such as gas separation, dehydration of liquids and gases, purification of chemicals, catalysis, and drying of solvents. They are particularly effective in removing water and other impurities from liquids and gases, making them essential in industries such as oil and gas, petrochemical, pharmaceuticals, and electronics.
Global Molecular Sieves Market Dynamics
Drivers:
- Growing demand from oil and gas industry: The oil and gas industry is a significant driver of the molecular sieves market. Molecular sieves are extensively used in the oil and gas sector for the separation and purification of gases, removal of impurities, and dehydration processes. With the increasing global energy demand and exploration of unconventional oil and gas reserves, the demand for molecular sieves is expected to rise.
- Increasing demand for cleaner fuels: The focus on environmental sustainability and the need for cleaner fuels has led to the growing demand for molecular sieves in fuel refining processes. Molecular sieves play a crucial role in the removal of impurities, such as sulfur compounds, from fuels, thus improving their quality and reducing emissions. Stringent regulations regarding fuel quality and emission standards are driving the demand for molecular sieves in the refining industry.
- Growing demand for water treatment solutions: The need for efficient water treatment solutions is a key driver for the molecular sieves market. Molecular sieves are used in water treatment processes to remove contaminants, such as heavy metals and organic compounds, and to improve water quality. The increasing focus on water scarcity, water reuse, and stringent water quality regulations drive the demand for molecular sieves in the water treatment sector.
2. Restraints:
- High cost of molecular sieves: The cost of molecular sieves can be relatively high, primarily due to the manufacturing processes and the use of specialized materials. This cost factor can limit their adoption, especially in price-sensitive industries or regions. The high cost of molecular sieves may deter some end-users from incorporating them into their processes, thereby restraining market growth.
- Easy availability of alternatives: The market faces competition from alternative materials and technologies that can provide similar functions as molecular sieves. For example, membrane-based separation techniques and other adsorbents may serve as substitutes in certain applications. The availability of alternatives can impact the demand for molecular sieves and pose a restraint on market growth.
3. Opportunities:
- Advancements in petrochemical and refining industries: The petrochemical and refining sectors play a vital role in the global economy. Molecular sieves find extensive applications in these industries for various processes, including gas drying, olefin separation, and hydrocarbon purification. As these industries undergo technological advancements and capacity expansions, the demand for molecular sieves is expected to grow. The ongoing developments in the petrochemical and refining sectors present lucrative opportunities for molecular sieve manufacturers.
- Expansion of pharmaceutical and healthcare industries: The pharmaceutical and healthcare sectors are experiencing significant growth worldwide. Molecular sieves find applications in pharmaceutical manufacturing, including the drying and purification of solvents, as well as in controlled drug release systems. With the expansion of these industries, the demand for molecular sieves in pharmaceutical and healthcare applications is expected to increase, creating opportunities for market growth.
4. Challenges:
- Technical complexity and customization: The application of molecular sieves often involves complex technical requirements and customization to meet specific industry needs. Tailoring molecular sieves to different applications and optimizing their performance can be a challenge due to the intricate nature of the materials and the need for specialized expertise. Manufacturers must invest in research and development capabilities and collaborate closely with end-users to provide customized solutions, which can be a time-consuming and resource-intensive process.
This molecular sieves market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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, geographic expansions, technological innovations in the market. To gain more info on the Molecular Sieves market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In July 2022, OMRON Healthcare introduced a medical molecular sieve-based oxygen concentrator. The portable oxygen concentrator utilizes Pressure Swing Adsorption (PSA) technology to separate nitrogen, oxygen, and other elements, providing a continuous supply of high-purity oxygen with more than 90% concentration output. This advancement in molecular sieve technology aims to meet the therapy and lifestyle needs of patients with COPD and respiratory problems. The OMRON Oxygen Concentrator incorporates high-quality medical molecular sieves to ensure the efficiency and quality of the oxygen while maintaining portability. It caters to the portable needs of various oxygen users, including highly active individuals or those requiring continuous flow.
Global Molecular Sieves Market Scope
The molecular sieves market is segmented on the basis of type, size, shape, product, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- 4A
- 3A
- 5A
- 13X
- ZEOLITE Y
- Others
Size
- Microporous
- Mesoporous
- Macroporous
Shape
- Beads
- Pellets
- Powder
Product
- Carbon
- Clay
- Porous Glass
- Silica Gel
- Zeolite
- Others
End User
- Oil & Gas
- Automotive
- Packaging
- Coatings
- Wastewater Treatment
- Detergents
- Others
Molecular Sieves Market Regional Analysis/Insights
The molecular sieves market is analysed and market size insights and trends are provided by element and application and are referenced above. The countries covered in the molecular sieves market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and the rest of the Middle East and Africa.
Asia-Pacific dominates the molecular sieves market owing to growing urbanization and rapid industrialization over the coming years.
Europe is expected to be the fastest growing market during the forecast period of 2023 to 2030, owing to the high growth of various end-use industries, such as packaging, oil and gas, automotive, and coatings.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Molecular Sieves Market Share Analysis
The molecular sieves market competitive landscape provides details by competitors. 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 the molecular sieves market.
Some of the major players operating in the molecular sieves market are:
- Honeywell International Inc. (U.S.)
- BASF SE (Germany)
- Clariant AG (Switzerland)
- Tosoh Corporation (Japan)
- W. R. Grace & Co.-Conn. (U.S.)
- SHOWA DENKO K.K. (Japan)
- ZEOCHEM AG (Switzerland)
- KNT Group (South Korea)
- Arkema (France)
- PQ Corporation (U.S.)
- CWK Chemiewerk Bad Köstritz GmbH (Germany)
- NALCO India (India)
- Dalian Haixin Chemical Industrial Co., Ltd. (China)
- Sorbead India (India)
- Rive Technology (U.S.)
- ANTEN CHEMICAL CO., LTD. (Taiwan)
- Industrias Químicas del Ebro, S.A. (Spain)
- International Zeolite Corp (Canada)
- St. Cloud Mining (U.S.)
- Huiying Chemical Industry (Xiamen) Co., Ltd. (China)
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