Market Snapshot:
Molecular sieve desiccants are fast-drying agents that are made of alumina silicate have ability to rapidly absorb moisture. It is highly utilized in the petroleum industry to dry the moisture in the gas streams and separate molecules according to size or shape. Increasing demand for concentrated oxygen in the hospitals and healthcare facilities will accelerate the demand for molecule sieves as it purifies oxygen in the medical oxygen concentrator. Desiccant is also used in sealed containers that are used in chemicals or drugs packaging for controlling humidity and absorbing moisture from the air in order to prevent chemical reactions.
Highlights from Molecular Sieve Desiccant Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Sigma-Aldrich (United States), BASF (Germany), Alfa Aesar (United States), CILICANT (India), Fisher Scientific (United States), Clariant AG (Switzerland), Chempack (China), Sorbead India (India), ZR Catalyst (China), Zeochem (Switzerland) and Arkema (France).
Geographic Breakdown and Segment Analysis
The Global Molecular Sieve Desiccant market presents a comprehensive analysis of the Molecular Sieve Desiccant market by product type (3A, 4A, 5A and 13X), by end-user/application (Petroleum Industry, Waste Treatment, Chemical Industry, Healthcare & Pharmaceuticals and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Molecular Sieve Desiccant industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Molecular Sieve Desiccant market
Analyst at AMA have segmented the market study of Global Molecular Sieve Desiccant market by Type, Application and Region.
Influencing Trend:
The Development of Desiccant Dehumidification based Air Conditioning System to Meet the Consumers’ Demand
Market Growth Drivers:
Increasing Use of Molecular Sieve Desiccants in Petroleum and Chemical Industries and Surging Demand of Molecular Sieve Desiccants to Purify Sewage and Wastewater Treatment
Challenges:
High Cost Associated with Molecular Sieves Compared to Other Techniques
Restraints:
Molecular Sieves are not Approved for Use in the Pharmaceuticals in the United States That May Hamper the Growth
Opportunities:
Growing Adoption of Molecular Sieve Desiccants in Healthcare Sector to Filter Oxygen Molecules
In 2021, Zeochem invested over CHF 10 million in its Louisville and Zvornik molecular sieve production capacities to meet the huge demand for molecular sieves. At Louisville production plant, the company manufactures lithium molecular sieves that are widely used to concentrate medical oxygen and produce oxygen for industrial applications. While Zvornik plant Purmol, a molecular sieve powder is manufactured. It is widely used in various applications and gaining much popularity for the application is in window technology. The investment will help Zeochem to expand its chemistry division and strengthen its position in the high-quality molecular sieves market.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Molecular Sieve Desiccants Manufacturers, Suppliers and Distributors of Molecular Sieve Desiccants, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others