USD 3.83 billion
Global Zeolite Molecular Sieve Market Size, Share, Growth Analysis, By Application(Detergents, Catalysts), By Raw material(Natural zeolite and synthetic zeolite), By End user(Agricultural Products, Air Purification) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2147 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|
Tables:
92 |
Figures:
76
Global Zeolite Molecular Sieve Market Insights
Global Zeolite Molecular Sieve Market size was valued at USD 3.83 billion in 2022 and is poised to grow from USD 3.97 billion in 2023 to USD 5.25 billion by 2031, growing at a CAGR of 3.57% during the forecast period (2024-2031).
A crystalline porous material with a fixed pore size is referred to as a zeolite molecular sieve. It takes the form of small, pink-colored beads that act as a catalyst in various chemical processes. It is made from aluminosilicate solids with a consistent size and structure and contains other elements such as sodium, potassium, magnesium, and calcium.
The molecular sieve is widely used in the production of detergents, for adsorption and separation in water treatment applications, and for the dehydration of ethanol, air, refrigerants, methane, and cracked gases. It is also electroneutral and allows for the selective absorption of materials based on particle size and polarity. One of the main factors influencing the market is the oil and gas sector's rapid growth.
Additionally, the expanding need for effective water treatment systems across the globe is fueling market expansion. Hazardous organic substances found in wastewater, such as pesticides, herbicides, phenols, polycyclic aromatic hydrocarbons (PAHs), aliphatic and heterocyclic chemicals, and macro-porous solids are removed using a molecular sieve. In accordance with this, the widespread use of premium detergents brought on by the general public's growing concern of hygiene is also assisting the market's expansion.
Due to its environmental friendliness and assistance in removing calcium and magnesium ions from water for a successful wash, the zeolite molecular sieve is employed as an efficient binder in both liquid and powder detergents. The introduction of silver-infused sieves with antibacterial qualities is only one example of a product innovation that is helping the market expand. It is projected that further factors, including quick industrialisation and intense research and development (R&D) operations, will fuel the industry even more.
US Zeolite Molecular Sieve Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Natural zeolite
Fastest Growth
Natural zeolite
Growth Rate
3.57% CAGR
Global Zeolite Molecular Sieve Market ($ Bn)
Country Share for Europe Region (%)
Global Zeolite Molecular Sieve Market By Raw Material ($ Bn)
Global Zeolite Molecular Sieve Market By Raw Material (%)
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Global Zeolite Molecular Sieve Market Segmental Analysis
The zeolite molecular sieve market is divided into three segments: raw material, application, and end user. Natural zeolite and synthetic zeolite are the two types of raw material. It is classified by the end user as Agricultural Products, Air Purification, Automobile Industry, Cosmetics, Detergents, Paints and Plastics Industry, and Others. Detergents, Catalysts, and Others are the applications. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Zeolite Molecular Sieve Market Analysis by Raw Material
Raw Material consists of natural zeolite and synthetic zeolite. Synthetic zeolite currently leads the market with a 56.2% market share and is expected to continue dominating with a 5.2% growth rate over the forecasted period. Due to its use in a well-established manufacturing base in China for petroleum refining, gas separation, water purification, and detergents, natural zeolite is expected to grow at the fastest rate of 5.3%.
Zeolite Molecular Sieve Market Analysis by Application
Increasing demand for detergents as a result of rising customer hygiene awareness is expected to boost market growth. Because of the expansion of the oil and gas industries, catalysts are expected to be the fastest-growing segment within the global zeolite molecular sieve industry. Rising demand for high-performance catalysts that produce more output is expected to drive industry growth. Other applications include use as an adsorbent in wastewater separators and gas treatment. Over the forecasted period, the growth of the gas and wastewater treatment industries is expected to propel industry demand.
Global Zeolite Molecular Sieve Market By Raw Material, 2022 (%)
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Global Zeolite Molecular Sieve Market Regional Insights
The European region held the majority of the global market share. The region's use of zeolite molecular sieves is generally more advanced. Rising gasoline demand in the region is increasing refining activities via fluidized catalytic cracking units, which is increasing demand for zeolite molecular sieves in the region. Europe is well known for investing heavily in R&D and continuous innovation in order to develop advanced technologies and products. In this regard, the region is now focusing on the development of antimicrobial zeolite molecular sieves, which is expected to contribute to market growth in the coming years. In addition, the region's demand from industries such as detergents, heating and refrigeration, industrial gas, petrochemicals, and pharmaceuticals is increasing. Due to rising demand for detergents and catalysts, Asia-Pacific is expected to experience the fastest growth in the market over the forecasted period. As governments place a greater emphasis on environmental protection, zeolites are increasingly being used to purify gas streams and water. Rising infrastructure spending in countries such as India and China is expected to boost market growth due to increased usage in the production of lightweight construction materials as well as being an important ingredient in the production of asphalt concrete mix. The Asia Pacific region dominates the zeolite molecular sieve market. Because of the increasing use of zeolite molecular sieve in petrochemical industries, the market for zeolite molecular sieve is expected to grow in regions such as the Middle East and Africa. The high cost of zeolite molecular sieve may act as a barrier to the market's growth.
Global Zeolite Molecular Sieve Market By Region, 2024-2031
- Largest
- Fastest
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Global Zeolite Molecular Sieve Market Dynamics
Zeolite Molecular Sieve Market Drivers
Zeolite Molecular Sieve demand in Petroleum Industry to Bolster its Growth
- The molecular sieve made of zeolite is frequently used as a catalyst in several chemical processes. The market is driven by the rising demand for zeolite molecular sieve from the petroleum industry. Zeolite molecular sieve is essential for residential and commercial wastewater treatment, a task that has grown to be very difficult in recent years. Zeolites are the most well-known adsorbents because activated carbon has a high rate of regeneration and high production costs, which have a positive market impact.
- Zeolite molecular sieves are anticipated to be most widely used in the detergent market segment. Zeolite molecular sieves are in greater demand from the detergent business as customers become more aware of the benefits of using eco-friendly detergents. Traditionally, detergents were made using sodium tripolyphosphate (STTP). However, the use of STTP raised questions about water contamination because of the rapid proliferation of undesirable water vegetation in the sewers. As a result, zeolite molecular sieves have been used in detergents instead of STTP, which has increased demand for the detergent application.
Zeolite Molecular Sieve Market Restraints
High Cost to Hinder Market Growth
The market is not growing as quickly as it should due to the high cost of molecular sieves. Furthermore, the market's growth is being hampered by the lack of availability and preference for alternative products such as silica gel, calcium sulphate, calcium oxide, montmorillonite, and others, which have low costs and satisfactory performance.
- The Covid-19 pandemic has disrupted global chemical and materials supply chains, manufacturing operations, and international trade. Production has been disrupted due to global security tightening as well as production disruptions.
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Global Zeolite Molecular Sieve Market Competitive Landscape
Various businesses are focusing on organic growth strategies such as product launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. These activities have paved the way for market participants to expand their business and customer base. With the rising demand for zeolite molecular sieve in the global market, market players in the zeolite molecular sieve market are expected to benefit from lucrative growth opportunities in the future.
Zeolite Molecular Sieve Market Top Player's Company Profiles
- Arkema SA
- BASF SE
- Cabot Corporation
- Clariant AG
- Daicel Corporation
- Eurecat SA
- Honeywell International Inc.
- Interra Global Corporation
- JGC C&C
- Kuraray Co., Ltd.
- Lenntech BV
- Linde plc
- PQ Corporation
- Sorbead India
- Tosoh Corporation
- UOP LLC
- W. R. Grace & Co.
- Zeolyst International
- Zeochem AG
- Zeolyst CV
Zeolite Molecular Sieve Market Recent Developments
- In September 2021, Following a collaborative partnership, Shell, a leading player in the energy industry, announced a collaboration with catalyst expert BASF's Sorbead Adsorption Technology in its carbon decline programme. The collaboration included evaluating the use of Sorbead technology for both pre- and post-combustion carbon capture and storage (CCS) activities. Because of its high water capacity and aluminosilicate gel composition, the Sorbead technology is ideal for dehydrating carbon dioxide following capture by Shell's carbon capture technologies: CANSOLV or ADIP Ultra.
In October 2021, CarbonCapture Inc., a Pasadena-based climate tech company that creates machines that remove carbon dioxide (CO2) directly from the atmosphere, announced the completion of a USD 35 million Series A funding round. The funds will be used to establish primary deployments of its renewable energy-powered Direct Air Capture (DAC) systems in the United States, beginning with the Tamarack Nickel Project in central Minnesota, in collaboration with Talon Metals Corp. and Rio Tinto PLC.
Global Zeolite Molecular Sieve Key Market Trends
- Zeolite molecular sieves are widely used as catalysts in a wide range of chemical processes. The petroleum industry's increased demand for zeolite molecular sieve drives the market. The zeolite molecular sieve is used in industrial and residential wastewater treatment, which has become an extremely difficult issue in recent years. As activated carbon is a matter of high-regeneration and production costs, influencing positively on the market, zeolites are the most well-known adsorbents.
- With the growing population, rising disposable income, increasing hygiene concerns, and increasing demand for industrial detergents, the detergent industry has been witnessing noticeable growth. Hence, in order to cater to the increasing demand, the detergent industry demand for zeolite molecular sieves is expected to increase in the coming years.
Global Zeolite Molecular Sieve Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, The rising awareness for the treatment of hazardous organic materials in wastewater, as well as high demand from the detergent market, are the major factors driving the market's growth. On the other hand, one of the major impediments to the market's growth is the threat posed by chemical composites, enzymes, and other substitutes. The detergent segment led the market and is expected to expand during the forecast period. The growing population, rising hygiene concerns, and increased industrial usage are expected to drive demand during the forecast period. Increasing demand for green technologies, as well as the development of antimicrobial zeolite molecular sieves, are likely to provide opportunities for the market under consideration during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.83 billion |
| Market size value in 2031 | USD 5.25 billion |
| Growth Rate | 3.57% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Zeolite Molecular Sieve Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Zeolite Molecular Sieve Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Zeolite Molecular Sieve Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Zeolite Molecular Sieve Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Zeolite Molecular Sieve Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Zeolite Molecular Sieve Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Zeolite Molecular Sieve Market Report Snapshots
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