North America Molecular Sieve Market 2018-2023 Top Prominent Key Players: UOP (HONEYWELL), CECA (ARKEMA GROUP), ZEOCHEM, GRACE, TOSOH CORPORATION

North America Molecular Sieve Market Highlights:
The market for molecular sieve is likely to be driven by the growing demand for the sieves from various end-user industries, including petrochemical & refining industries, industrial gas production, pharmaceutical, detergent manufacturing, automotive, and water & wastewater treatment, amongst others. The United States is the largest consumer of molecular sieves in the world.

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Rising Awareness for Treatment of Hazardous Organic Materials in Wastewater
Wastewater treatment has become an extremely challenging issue in recent times, due to its necessity in industrial and residential purposes. Various organic compounds, such as pesticides, PCBs, herbicides, phenols, polycyclic aromatic hydrocarbons (PAHs), aliphatic, and heterocyclic compounds, get added to wastewater, hence, affecting industrial and agriculture production, and living beings. High quantity of these wastes consumes the available oxygen in water, and even damages the aquatic ecological system. Zeolites are the best-known adsorbents, as activated carbon is a matter of high-regeneration and production costs. Zeolites are made up of either natural or synthetic hydrated aluminosilicate minerals that essentially contains both alkali earth and alkaline metals. Zeolites can be used to remove dyes, inks, and other organic wastes from wastewater. The growing need for treatment of used water for reuse drives the molecular sieves market.

Major Players:
UOP (HONEYWELL), CECA (ARKEMA GROUP), ZEOCHEM, GRACE, TOSOH CORPORATION, amongst others.

Key Developments in the Market
November 2017: Clariant, announced an expanded conglomerate with Palmer Holland, for the Additives Unit in Canada.

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Pelleted Shape Sieves to Drive the Demand
Pellets are cylindrically formed products, with controlled diameters (for ex: 1/16" or 1/8"). Pellets are also produced through extrusion process. The use of pelleted forms of molecular sieve depends on the application. Pellets can be of different shapes, like cylindrical, tri-lobe, or quadri-lobe structure. Consumers decide the shape of pellets, based on their process, equipment, and lost wastage of molecular sieve. With the increasing demand for pelleted molecular sieves from various end-user industries, the molecular sieves market is projected to grow during the forecast period

United States to Lead the Market
The United States molecular sieves market is expected to reach USD 625.47 million by 2020, at an estimated CAGR of 5.9%, during the forecast period.
The United States is the largest consumer of molecular sieves in the world. The United States is expected to continue dominating both the regional and the world markets in the coming years. The FDA, ,sieves in consumable items. This is expected to boost the use of sieves in the food and drug industry as well.

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This release was published on openPR.