Zeolite Molecular Sieve Market manufacturers & industry share 2016–2023

Zeolite Molecular Sieve Market is gaining popularity owing to strict government norms towards curbing the use of phosphates. Zeolite being an eco-friendly alternative to sodium tripolyphosphates is widely used as an ion exchange builder in detergents. Its usage as a substitute for harmful chemicals in various mechanical applications will further influence zeolite molecular sieve industry growth. As per Global Market Insights, Inc., “Zeolite Molecular Sieve Market is estimated to witness a CAGR of 4% over the period of 2016-2023.” Moreover, the extensive use of the product in waste water treatment, petrochemicals, oil & gas, construction, paints & coating, automotive, and packaging industries will further enhance the industry outlook

Global Market Insights has a new study based report titled " Zeolite Molecular Sieve Market Size By Application (Catalysts, Detergents), Industry Analysis Report, Regional Outlook (U.S., Russia, Turkey, India, China, Qatar), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023".

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The report offers all-inclusive analysis of:

1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period

Zeolite molecule sieve is widely used in two major application segments, namely catalyst and detergent. Growing demand for high-performance catalyst with higher output will boost the industry growth. Catalyst application is projected to grow at an annual rate of 4.5% over the period of 2016-2023. Increasing use of zeolite in chemical manufacturing and petroleum & refinery outputs will propel the industry outlook.

Detergent application is further segmented into liquid and powdered detergents. Zeolite molecule sieve market size in detergent application is increasing rapidly due to ban on phosphate-based formulations.

It is one of the best alternatives, owing to its high chemical stability and liquid absorption capacity during the manufacturing process. Liquid and powdered detergent applications are estimated to register a CAGR of 3% and 2.4% respectively over 2016-2023. Changing consumer preferences and increase in disposable income will be the major factors driving the growth of zeolite molecular sieve industry in the detergent formulations.

The Zeolite Molecular Sieve Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Zeolite Molecular Sieve Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights

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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends

4. Zeolite Molecular Sieve Market Product Insights

5. Zeolite Molecular Sieve Market Application Insights

Detergent applications were valued at over USD 1.5 billion in 2015. This is mainly due to ban on usage of phosphate based formulations. Phosphate based formulations are banned across many parts of the world as they lead to water contamination which will further escalate growth. Zeolite molecular sieve market finds utility detergent manufacturing as ion exchange builder due to its high absorption liquid capacity and chemical stability during manufacturing process.

Globally, liquid detergent demand was valued more than 5 million tons in 2015 and will surpass 7 million tons by 2023, growing at moderate CAGR of 3%. Global powdered detergents market is expected to exceed 15 million tons by 2023 against 12.5 million tons in 2015 with gains of 2.4% by 2023.

Detergent industry has been undergoing major changes due to shift in consumer preferences and increased disposable income. Reduced occupational hazards and low toxicity on exposure should further drive the zeolite molecular sieve market demand.

6. Zeolite Molecular Sieve Market Regional Insights

Turkey zeolite molecular sieve market generated more than USD 90 million business in 2015.This can be mainly attributed to stringent government regulations regarding waste water treatment in the country. The establishment of wastewater treatment and sewerage plant has been made compulsory all the residential areas of Turkey.

Brazil zeolite molecular sieve market should grow owing to increased wastewater treatment activities in the country. Owing to Olympic games held in August 2016, Brazil now owns new wastewater treatment plants which are 10 times bigger than its original facilities. Thus, Brazil is anticipated to hold a huge potential for zeolite molecular sieve market.

Demand for MEA molecular sieve market will be backed by expansion of LNG in Qatar. Qatar accounted for over 30% of the global liquefied natural gas supply demand in 2015. The international energy agency predicts Qatar’s natural gas output to increase by 8 bn cubic meters and reach 171 bcm by 2020.

China zeolite molecular sieve market size will witness moderate growth at over 2.5% CAGR from 2016 to 2023. Rising environmental awareness and growing surfactants businesses mainly in China and India will support the product demand. In addition, increasing infrastructure spending in tier two and three cities of India and China will influence lightweight construction material manufacturing, thereby stimulating product demand.

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7. Competitor Profiles

Global zeolite molecular sieve market share shows low concentration due to high presence of international and local players. Arkema, BASF, Tosoh, Interra Global & UOP LLC are key companies.

Major market players are investing to expand their production capacity and offer differentiated solutions to gain market share. For Instance, in 2014, the KNT Group increased its production capacity by 300 tons per month to cater to the growing demand of the product for its clients. Also in 2016, Silkem Ltd. made a huge investment in the development of activated zeolite molecular sieve and introduced some new products such as ZAP 4A, ZAP 3A, etc., under the brand name, Asorbio ZAP.

About Global Market Insights, Inc.:

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