Press release
Zeolite Molecular Sieves Market Future Growth Outlook 2021-2026 | Arkema Group, Axens, BASF SE, Kuraray Co. Ltd, CWK Chemiewerk Bad Kostritz GmbH
The Zeolite Molecular Sieves Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The zeolite molecular sieves market is expected to witness a CAGR of around 5% during the forecast period.
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Top Leading Companies of Zeolite Molecular Sieves Market are Arkema Group, Axens, BASF SE, Kuraray Co. Ltd, CWK Chemiewerk Bad Kostritz GmbH, Clariant AG, W.R. Grace, Hengye Group, Jiuzhou Chemicals, KNT Group, Sorbead India, Tosoh Corp, Zeochem AG, Zeolyst and others.
Competitive Landscape:
18 May 2021: BASF ships molecular sieves to support oxygen production
Chemical company BASF is supplying molecular sieves to various companies in India that are ramping up oxygen supply through the conversion of nitrogen generation units.
Sharing the news on Monday (17th May), BASF said the molecular sieves are integral to the units as they help enrich atmospheric oxygen from 21% to medical-grade oxygen, ranging from 90%-95%.
Key Market Trends:
Detergent Segment to Dominate the Market Demand
- The detergent market segment stands to be the largest consumer for zeolite molecular sieves. With the increasing awareness among the consumers about the use of environment-friendly detergents, the demand for zeolite molecular sieves from the detergent industry has increased.
- Conventionally, sodium tripolyphosphate (STTP) were used in the production of detergents. However, water pollution, due to the accelerated growth of unwanted water flora in the sewers, became a concern related to the use of STTP.
- Owing to this, zeolite molecular sieves has been replacing the use of STTP in detergents, which has been driving the demand for the detergent application.
By Raw Material:
Natural Zeolite
Artificial Zeolite
By End-use:
Air Purification
Detergent
Heating and Refrigeration
Industrial Gas Production
Petrochemical
Agricultural Products
Waste and Water Treatment
Other
Regional Analysis:
Europe to Dominate the Market
- European region dominated the global market share. Zeolite molecular sieves application is generally at a more advanced level in the region.
- Growing demand for gasoline in the region is raising the refining activities through fluidized catalytic cracking units, which, in turn, is boosting the demand for zeolite molecular sieves in the region.
- Europe is well known for investing heavily in research and development, and continuous innovations for developing advanced technologies and products.
- In this regard, the region is now focusing on the development of anti-microbial zeolite molecular sieves, which is further likely to add to the growth of the market in the coming years.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Zeolite Molecular Sieves Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Zeolite Molecular Sieves Market (%),2016 - 2026
- Zeolite Molecular Sieves Market Share, By Brand
- Zeolite Molecular Sieves Market Share, By Company
- Zeolite Molecular Sieves Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Zeolite Molecular Sieves Market Value Analysis & Forecast
- Promising Zeolite Molecular Sieves Development by Major Companies
- Detailed Zeolite Molecular Sieves Portfolio of the Major Companies
- Major Deals in the Zeolite Molecular Sieves Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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