Molecular Sieves Market size to grow by USD 525.6 million from 2022 to 2027; Growth Driven by application in nuclear waste and wastewater treatment - Technavio

NEW YORK, Nov. 13, 2023 /PRNewswire/ -- The molecular sieves market by grade type (3A, 4A, 13X, and 5A and other grades), end-user (oil and gas industry, petrochemical industry, process industries, construction industry, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America) - Forecast and Analysis 2023-2027" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the molecular sieves market from 2022 to 2027 is USD 525.6 million. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Application in nuclear waste and wastewater treatment is a key factor driving market growth. Due to this, wastewater treatment is increasingly important because of the heavy use of water for industry and domestic purposes. Molecular sieves are excellent adsorbents. Moreover, where a microporous sieve aids the capture of ions and allows others to flow freely, molecular sieves have been applied for improved reprocessed techniques. Hence, these factors are expected to drive market growth during the forecast period. 

Market Challenge

• The presence of alternatives is a significant challenge restricting market growth. As an alternative method for CO2 removal, molecular sieving is used. However, it is expected that the replacement of molecular sieve adsorbents by substitutes such as titanium and other metal oxide products will be increasing gradually which may slightly affect their use. Furthermore, certain organic substances have adsorption properties and are available in significant quantities. Hence, these factors are expected to restrict market growth during the forecast period.

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The molecular sieves market is segmented by grade type (3A, 4A, 13X, and 5A and other grades), end-user (oil and gas industry, petrochemical industry, process industries, construction industry, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

• The 3A segment is estimated to witness significant growth during the forecast period. Aluminosilicate is the most important element of a grade 3A Molecular Sieve. In addition, the removal of moisture from liquid gas is carried out by Molecular Sieve 3A. Most of the molecules, except water, are preserved in a molecular sieve 3A which makes it highly selective.

• APAC is estimated to contribute 43% to the growth of the global market during the forecast period.

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Key Companies in the molecular sieves market:

AGC Chemicals Pvt. Ltd., Arkema Group, Axens, BASF SE, Brownell Ltd., CarboTech AC GmbH, CPH Chemie and Papier Holding AG, Desicca Chemicals Pvt. Ltd., FUJIFILM Corp., Hengye Inc., Honeywell International Inc., KNT Group, Kuraray Co. Ltd., Merck KGaA, Nanoshel LLC, Resonac Holdings Corp., SORBEAD India, Standard Industries Inc., Vizag Chemical International, and ZR Catalyst Co. LTD.

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Grade Type

Market Segmentation by End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio