ID: MRFR/CnM/6965-HCR | February 2021 | Region: Global | 111 pages
Global Molecular Sieves Market is projected to exhibit a CAGR of over 4.5% during the review period.
Molecular sieves are crystalline substances such as zeolites and clay having a uniform pore size. Some of the commonly used molecular sieves include 3A, 4A, 13X, and zeolite Y. Molecular sieves are being widely used as adsorbents in a broad range of applications including refining, industrial drying, water treatment, automobiles, and packaging.
The growth of the Global Molecular Sieves Market is driven by their high demand in the oil and gas industry. It finds use in various oil and gas applications including hydrocracking, isomerization, and industrial drying. The expanding oil and gas industry in the emerging economies is expected to create lucrative opportunities for the players operating in the global molecular sieves market in the coming years.
Additionally, the increasing environmental regulations regarding VOC emissions have resulted in increased demand for catalysts with improved performance in the automotive industry, which is expected to drive the global market growth.
The increasing application of molecular sieves in the packaging and cosmetics & personal care industry is expected to create lucrative opportunities for the players operating in the global molecular sieves market.
However, the high cost associated with the product might affect market growth during the review period.
In the market, molecular sieves are popular by the trade names: Siliporite (Arkema S.A.), Honeywell Fluka (Honeywell International Inc), SYLOBEAD (W. R. Grace & Co), and SYLOSIV (W. R. Grace & Co).
Regulatory, Pricing, and Trade Analysis
The use of molecular sieves is not subject to any stringent regulatory framework. The price for molecular sieves differs depending on its function, i.e., catalyst, ion-exchange or adsorbent, and end-use. The price for molecular sieves for adsorbent applications lies between USD 2000/Ton and USD 2400/Ton.
4A: 4A type segment accounted for the largest share of the global molecular sieves market in 2018 and is expected to register significant CAGR during the review period. It is an alkali metal aluminosilicate with a pore opening of 4 angstroms. It is being widely preferred for applications including drying, purifying and refining of hydrocarbon materials in gas and liquid phase.
3A:3A type molecular sieve can be used to adsorb moisture in both liquid and gas applications. It is an alkali metal aluminosilicate with a pore opening of 3 angstroms.
5A: 5A molecular sieve adsorbent is a spherical or strip CaA type adsorbent with microporous structure. It is mainly used in separation process of isoparaffin and n-alkanes.
13X: 13X molecular sieve can absorb the molecules with a diameter of 10A. It is primarily used to adsorb water.
Zeolite Y: Y type molecular sieve is mainly used in the production of catalytic cracking catalyst FCC.
Others: The others segment includes type 6A, 7A, 8A, 9A, and 10A.
Bead: Bead was the largest segment of the molecular sieves market in 2018. Bead form of molecular sieves is being increasingly used in applications including air & gas drying, refrigerants, and insulation glass owing to its superior mechanical and adsorption rate properties.
Pellet: Pellet segment accounted for the second-largest share of the global molecular sieves market in 2018. It is a non-spherical form of a molecular sieve.
Powder: The usage of powder form molecular sieves has increased in the formulation of coatings, adhesives, sealants, and elastomers.
Zeolites: Zeolite molecular sieves are being widely used in a broad array of industries particularly oil and gas in hydrocracking and drying applications. The zeolite molecular sieve segment is expected to register a significant CAGR during the review period.
Activated Carbon: Activated carbon adsorbs organic, non-polar substances, halogenated substances, gases, moisture, odor, and VOCs.
Clay: Clay molecular sieves are used to adsorb moisture, gas, and odors in numerous applications.
Others: The others segment includes porous glass & silica gel.
By End-Use Industry
Oil & Gas: The oil & gas segment accounted for the largest share of the global molecular sieves market in 2017 and is expected to register a significant CAGR during the review period. Molecular sieves are used in various applications including cracking, refining, and drying. The increasing oil and gas exploration activities worldwide are expected to drive market growth during the review period.
Automotive: The automotive segment accounted for the second-largest market share in 2018. Increasing demand for zeolite catalysts for automobile exhaust degradation coupled with growing automobile production is fueling the demand for molecular sieves.
Packaging: Molecular sieves find usage in numerous packaging applications including pharmaceuticals and films.
Coatings, Adhesives, Sealants & Elastomers (CASE): The product is used in coatings, adhesives, sealants & elastomers applications to adsorb moisture.
Wastewater Treatment: Molecular sieves are used to adsorb non-polar substances, odor, and halogenated substances from wastewater.
Detergents: Zeolite molecular sieves are used in the detergents industry as ion-exchange agents owing to their high adsorption capacity.
Others: The others segment includes cosmetics & personal care and building & construction
Asia-Pacific: Asia-Pacific was the largest and fastest-growing market for molecular sieves in 2018 and is expected to register a substantial CAGR during the review period. This is due to the expanding oil & gas industry with increased spending on oil and gas exploration activities in the region, particularly in China, India, Vietnam, and Indonesia. The natural gas production in China increased to 3 billion cubic meters from that of 149.2 billion cubic meters. In addition, the increasing automobile production in the region is another important factor propelling the regional market growth.
North America: The growth of the North American molecular sieves market is driven by the presence of established oil and gas, wastewater treatment, and construction industries. In 2018, the US natural gas production increased by 11% from that of 2017.
Europe: The European market growth is expected to be driven by increasing automobile production and construction activities in Eastern Europe.
Middle East & Africa: Growth of the oil & gas, cosmetics & personal care, and automotive industries in the region is likely to drive the regional market growth.
Latin America: The growth of the molecular sieves market in the region is primarily fueled by the growth of the automotive industry in Brazil and the growing oil and gas industry across the region.
Frequently Asked Questions (FAQ) :
molecular sieves market is projected to grow at approximately 4.5% CAGR during the assessment period (2019-2025).
Oil & Gas is the largest end-use industry in the global molecular sieves market.
environmental regulations regarding VOC emissions and increased demand for catalysts with improved performance in the automotive industry, are major tailwinds pushing the growth of the global molecular sieves market.
Asia Pacific holds the largest share in the global molecular sieves market, followed by North America and Europe, respectively.
Sorbead India (India), Arkema S.A., Siliporite, (France), Honeywell International Inc., Honeywell Fluka (US), Tosoh Corporation (Japan), BASF SE (Germany), R. Grace & Co, Sylobead & Sylosiv (US), MolsivCN (China), KNT Group (Russia), Van Air, Inc. (US), Union Showa KK (Japan), Zeochem AG (Switzerland), and Merck KGaA (Germany), are some of the top players operating in the global molecular sieves market.