Molecular Sieve Adsorbents Market Size, Share, Growth, and Industry Analysis by Material (3A, 4A, 5A, Type X, and Other) By Application (Air Separation, Petroleum Refining, Petrochemicals, Refrigerants, and Natural Gas), Regional Insights, and Forecast To 2031

MOLECULAR SIEVE ADSORBENTS MARKET REPORT OVERVIEW

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The global molecular sieve adsorbents market size was USD 1219.9 million in 2021 and is projected to touch USD 1938.4 million by 2031, at a CAGR of 4.7% during the forecast period.

Molecular sieve adsorbents are known as zeolites. It is an aluminosilicate with a unique structure that allows water crystallization removal.

The factors which are responsible for accelerating market growth are growing demand from the automotive and transportation sector. The product has several benefits, such as preventing the corrosion of metallic parts in air brake systems of buses, trains, and heavy-medium-sized several trucks. It is a cable separating liquids or gases by molecular size or polarity. Further, growing demand for the product in the automotive sector coupled with the increased manufacturing process of Zeochem’s proprietary is anticipated to accelerate market progress. Increased technology development and rapid progress in the chemical sector are predicted to surge market growth in the forthcoming years. On the contrary, lack of availability and presence of alternative products such as calcium oxide, silica gel, calcium sulfate, and montmorillonite. Also, the high cost of the sieves is projected to restrict market growth over the forecast period.

COVID-19 Impact: Closure of Manufacturing Units and Lockdown Restriction to Restrict Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with molecular sieve adsorbents experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic affected several businesses, including molecular sieve adsorbents market, due to lockdown restrictions. Closure of manufacturing units coupled with lower demand for the equipment restricted market progress. A shutdown of the oil and gas sector coupled with the chemical sector hamper market progress.

LATEST TRENDS

"Increased Demand from Automotive and Transportation Sectors to Surge Market Growth"

Growing demand from the automotive and transportation sectors is estimated to fuel market growth. The product has several benefits, such as preventing the corrosion of metallic parts in air brake systems of buses, trains, and heavy-medium-sized several trucks. It is a cable separating liquids or gases by molecular size or polarity. Further, growing demand for the product in the automotive sector coupled with the increased manufacturing process of Zeochem’s proprietary is anticipated to accelerate market progress. The product is used for removing moisture from gases and liquids are predicted to fuel market growth over the forecast period. Rapid industrialization and urbanization is estimated to expand market growth.

MOLECULAR SIEVE ADSORBENTS MARKET SEGMENTATION

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• By Type

Based on type, the market is divided into 3A, 4A, 5A, Type X, and others.

4A is expected to be the leading part of the segmentation type.

• By Application

Based on the application, the market is divided into air separation, petroleum refining, petrochemicals, refrigerants, and natural gas.

Petroleum refining is expected to be the leading part of application segmentation.

DRIVING FACTORS

"Growing Demand for Advanced Techniques to Fuel Market Growth"

Increased demand for advanced techniques in the end-user sector is predicted to fuel market growth. High adoption of the product for its efficiency and high quality is anticipated to surge market progress. The product is used in water treatment for its properties of preventing corrosion. The process has a unique structure that allows water crystallization removal. These factors are estimated to fuel market growth over the forecast period. Increased emphasis on the maintenance of product quality coupled with the product is used in the process such as deodorization and drying of air-synthesis instruments and products. Increased usage of chromatography in silica get adsorbents coupled with ongoing research and development (R&D) activities are estimated to expand molecular sieve adsorbents market growth over the forecast period.

"Rise in Demand from Pharmaceutical and Oil & Gas sectors to Accelerate Market Growth"

Increasing demand from the pharmaceutical sector to protect medicines from moisture coupled with air separation is anticipated to fuel market progress. High demand for product development is anticipated to surge market growth. Further, a significant development in nanotechnology coupled with growth in the chemical and water treatment sector is predicted to surge market growth. The rapid adoption of desulfurization and expansion of the petroleum and oil & gas sector is estimated to fuel market growth. In addition, a rise in the electronic sectors is predicted to surge molecular sieve adsorbents market growth in the upcoming years.

RESTRAINING FACTORS

"Lack of Availability and Presence of Alternative Products to Hamper Market Growth"

Lack of availability and presence of alternative products such as calcium oxide, silica gel, calcium sulfate, and montmorillonite. Also, the high cost of the sieves is projected to restrict market growth over the forecast period.

MOLECULAR SIEVE ADSORBENTS MARKET REGIONAL INSIGHTS

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"Rapid Urbanization and Industrialization in Asia Pacific to Drive Market Share"

Asia Pacific is anticipated to account for the highest molecular sieve adsorbents market share owing to rapid industrialization and urbanization. Demand for the equipment in the automotive and transportation industries is predicted to fuel market progress. The equipment is used for the dehydration and purification of aliphatic hydrocarbons and aromatic hydrocarbons. Further, growing demand for the product in the automotive sector coupled with the increased manufacturing process of Zeochem’s proprietary is anticipated to accelerate market progress. Increased technology development and rapid progress in the chemical sector are predicted to surge molecular sieve adsorbents market growth in the forthcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List Of Top Molecular Sieve Adsorbents Companies

• UOP (Honeywell) (U.S.)
• CECA (Arkema)
• Tosoh (Japan)
• Zeochem AG (Switzerland)
• KNT (Russia)
• Zeolites & Allied Products (India)
• Haixin Chemical (China)
• Shanghai Hengye (China)
• Fulong New Materials (China)
• Pingxiang Xintao (China)
• Zhengzhou Snow (China)
• Luoyang Jianlong Chemical (China)
• Henan Huanyu Molecular Sieve (China)
• Shanghai Jiu-Zhou Chemical (China)
• Anhui Mingmei Minchem (China)
• Shanghai Zeolite Molecular Sieve (China)
• Zhongbao Molecular Sieve (China)
• Shanghai Luqiang New Materials Co., Ltd. (China)
• BASF (Germany)
• Grace
• CWK

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.