About Molecular Sieves
Molecular sieves are the materials with minor pores of uniform size & their diameter is measured in angstrom or nanometers (nm). These molecular sieves can be micro porous (2nm), macro porous (50< nm) as well as mesoporous (2 nm- 50 nm). These are crystalline alumino- silicates identified as Zeolites. These crystals are characterized by three-dimensional pore systems with same crystals identified together. The basic Molecular sieves types A & X are commercially used absorbents. Molecular sieves are used as absorbents for fluids (gas & liquids). Molecular sieves play vital role in unit processes including dehydration, purification as well as unit operations like drying, adsorption. Catalysis is application field of molecular sieves. These are used in petroleum catalytic cracking.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 4.5% |
The molecular sieve market is highly fragmented. Honeywell International Inc.The report also examined the market's competitive landscape, with Axens, BASF SE, Bear River Zeolite Company (USAC), Caledon Laboratories Limited, CECA (Arkema), Clariant Produkte (Schweiz AG), Honeywell UOP, Interra Global Corporation, KNT Group, Merck & Co., Sorbead India, Tosoh Corporation, Zeochem AG (Cph Chemie & Papier), and others as key players. Analyst at AMA Research estimates that German and United States Vendors will contribute the maximum growth to Global Molecular Sieves market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zeochem AG (Switzerland), CECA (France), BASF SE (Germany), Honeywell UOP (United States), Sigma-Aldrich Corporation (United States), Sorbead India (India), SPG Steiner GmbH (Germany), Retsch GmbH (Germany), Caledon Laboratories Ltd (Canada) and Interra Global Corp (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Strem Chemicals (United States) and Shanghai BOJ Molecular Sieve (China).
Segmentation Overview
AMA Research has segmented the market of Global Molecular Sieves market by Type (3A, 4A, 5A and 13X Molecular Sieves), Application (Petroleum Refining, Gas Processing, Petrochemical Production, Food Industry, Pharmaceutical Industry, Agriculture Products and Others) and Region.
On the basis of geography, the market of Molecular Sieves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Shape, the sub-segment i.e. Pelleted will boost the Molecular Sieves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type, the sub-segment i.e. Carbon will boost the Molecular Sieves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Microporous will boost the Molecular Sieves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growing Demand for Processing from Oil and Gas Industry and Increasing Awareness for Treatment of Hazardous Organic Materials in Wastewater
Challenges:
Molecular Sieves are Frequently More Expensive to Purchase than other Techniques
Restraints:
Threat from Chemical Composites, Enzymes & Other Alternates
Opportunities:
Growth of Anti-Microbial Zeolite Molecular Sieves and Nano-size Zeolite Molecular Sieves for Medical Oxygen Concentration
Market Leaders and their expansionary development strategies
In November 2023, Brenntag, the global market leader in chemicals and ingredients distribution, announced the expansion of the business collaboration with Zeochem, the Swiss manufacturer of high-quality molecular sieves, chromatography gels and deuterated compounds. This expanded partnership will add high-performance chromatography silica gels to Brenntag's pharmaceutical portfolio, providing state-of-the-art purification solutions to customers in EMEA.
In July 2022, OMRON Healthcare on Tuesday announced its latest advancement in the Oxygen therapy category with the launch of a portable Oxygen concentrator. According to the company’s press statement, it is a medical molecular sieve-based Oxygen concentrator providing continuous supply of high purity Oxygen (5L per minute) with more than 90% high concentration output.
Zeochem complies with all of the requirements imposed by existing legislative regulations in order to ensure our employees' safety and health, with special attention paid to the safety regulations of the Federal Coordination Commission for Occupational Safety (FCOS) and the US Occupational Safety and Health Administration (OSHA). Zeochem follows all applicable regulations and provides regular training and health advice to all of its employees.
Key Target Audience
Molecular Sieves Manufacturers, Raw Materials Suppliers, Government and Research Organizations, Industry Associations, End Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.