Molecular Sieves Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2023
“The factors that are playing a major role in the growth of
the molecular sieves market are the growing awareness
among populace regarding treatment for hazardous
organic materials in wastewater and low cost of crude
oil.”
Global molecular sieves market is expected to grow at a significant CAGR of 4.87% in the upcoming period as
the scope and its applications are rising enormously across the globe. Molecular sieves are synthetic zeolite
materials contrived with pores of specific and uniform size and structure. Based on polarity and molecular size
it absorbs liquids and gases. Zeolites are highly porous crystalline solids that belong to the chemical class called
as aluminosilicates.
The factors that are playing a major role in the growth of the molecular sieves market are the growing awareness
among populace regarding treatment for hazardous organic materials in wastewater and low cost of crude oil.
However, the threat from enzymes and chemical composites may restrain overall market growth in the years to
come. Molecular sieves market is segmented based on grade, product type, form, material, end-user, and
region.
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13X, 10X, 5A, 4A, 3A, and the other grades could be explored in molecular sieves in the forecast period. Grade
3A sector accounted for the substantial market share of molecular sieves and is estimated to lead the overall
market in the years to come. The reason could be it helps to remove moisture from liquefied gases.
Zeolite, carbon, silica gel, clay, porous glass, and other product types could be explored in molecular sieves in
the forecast period. Powdered, beaded, and pelleted forms could be explored in molecular sieves in the forecast