Market Research Global Molecular Sieves Market Analysis 2018

The molecular sieves market was valued at USD 3,739.47 billion in 2017 and is projected to
reach USD 4,729.83 billion by 2023, with a CAGR of 6.12% during the forecast period (2018 -
2023). The growth is largely fuelled by strong growth in petroleum refining, petrochemicals,
wastewater treatments, and detergent industries.
Soaring Demand in Petroleum Refining & Petrochemicals Industry
Molecular sieves are mostly used in petroleum refineries, where they provide energy-efficient
options to certain separation processes that involve heating of oil. For purification purposes, they
are majorly used for water treatment and air purification. As desiccants, they are used to remove
impurities from many industrial gases and liquids. They can be reused through regeneration,
where the adsorbate molecules are removed from the molecular sieve bed, by heating and
purging with a carrier gas.
The market is expected to grow rapidly due to the presence of opportunities, such as the
development of anti-microbial zeolite molecular sieves. Apart from that, the FDA approval for
the use of these materials in food items has opened new prospects for the global molecular sieves
market.
However, this market faces certain drawbacks, like threat from chemical composites, enzymes
and other substitutes, which may act as a roadblock to the market growth.
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Asia-Pacific Region to Lead the Market
Asia-Pacific turned out to be the largest, as well as fast growing market with a market share of
40.52% in 2017 and CAGR of 6.91% during the forecast period. Being a hub to some of the
fastest developing economies, growing industrialization, and abundance of labor availability, are
some of the reasons for the size and fast pace of development in this region.
The Universal Oil Products LLC (Honeywell International Group) is the largest producer of the
molecular sieves throughout the world, followed by CECA (Arkema) and Tosoh Corporation.
Notable Developments in the Market:
March 2018: Solvay launches VAC-PLY VMS3, which is a next-generation multi-layer
microporous vacuum channel for resin infusion
February 2018: Calgon Carbon operated as a separate subsidiary of Kuraray. The Functional
Materials Company includes the Methacrylate Division and Medical Division
Major Players: Honeywell, Arkema, Zeochem, Grace, Tosoh Corporation, Axens, BASF, and
Clariant amongst others.
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market-segmented-by-end-user-industry-type-shape-size-and-geography-growth-trends-
and-forecast-2018-2023
Reasons to Purchase this Report
To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of Porters five forces analysis