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As per Global Market Insights, Inc., “Zeolite Molecular Sieve Market is estimated to witness a CAGR of 4% over the period of 2016-2023.” Zeolite Molecular Sieve Market is gaining popularity owing to strict government norms towards curbing the use of phosphates.Zeolite being an eco-friendly alternative to sodium tripolyphosphates is widely used as an ion exchange builder in detergents. Its usage as a substitute for harmful chemicals in various mechanical applications will further influence zeolite molecular sieve industry growth.
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Zeolite molecule sieve is widely used in two major application segments, namely catalyst and detergent. Growing demand for high-performance catalyst with higher output will boost the industry growth. Catalyst application is projected to grow at an annual rate of 4.5% over the period of 2016-2023. Increasing use of zeolite in chemical manufacturing and petroleum & refinery outputs will propel the industry outlook.
Detergent application is further segmented into liquid and powdered detergents. Zeolite molecule sieve market size in detergent application is increasing rapidly due to ban on phosphate-based formulations. It is one of the best alternatives, owing to its high chemical stability and liquid absorption capacity during the manufacturing process.
Liquid and powdered detergent applications are estimated to register a CAGR of 3% and 2.4% respectively over 2016-2023. Changing consumer preferences and increase in disposable income will be the major factors driving the growth of zeolite molecular sieve industry in the detergent formulations.
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Brazil zeolite molecular sieve industry will observe a significant growth, owing to rise in wastewater treatment activities in the region.
Turkey zeolite molecular sieve market worth over USD 90 million in 2015, will be booming over the coming years because of the compulsion of sewerage & treatment plants in the region by the regulatory bodies.
Partial Chapter of the Table of Content:
Chapter 2 Executive Summary
2.1 Zeolite Molecular Sieve industry 3600 synopsis, 2012-2023
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Regional trends
Chapter 3 Zeolite Molecular Sieve Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2012-2023
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Raw material insights
3.4.1 Kaolin
3.4.2 Aluminum
3.4.3 Silica
3.5 Natural zeolites
3.6 Technology landscape
3.7 Regulatory/legislative landscape
3.8 Industry Impact forces
3.8.1 Growth driver
3.8.1.1 Rising detergent demand
3.8.1.2 Oil & gas refinery expansion
3.8.1.3 Growing adsorbents demand
3.8.2 Industry pitfalls & challenges
3.8.2.1 Presence of catalysts substitutes
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 Competitive landscape
3.12 PESTEL analysis
Chapter 4 Zeolite Molecular Sieve Application Insights
4.1 Global zeolite molecular sieve market share by application, 2015 & 2023
4.2 Detergents
4.2.1 Market estimates & forecast, 2012-2023, (Kilo Tons) (USD Million)
4.2.2 Market estimates & forecast by region, 2012-2023, (Kilo Tons) (USD Million)
4.3 Catalysts
4.3.1 Market estimates & forecast, 2012-2023, (Kilo Tons) (USD Million)
4.3.2 Market estimates & forecast by region, 2012-2023, (Kilo Tons) (USD Million)
4.4 Others
4.4.1 Market estimates & forecast, 2012-2023, (Kilo Tons) (USD Million)
4.4.2 Market estimates & forecast by region, 2012-2023, (Kilo Tons) (USD Million)
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This industry is spreading roots with the growing presence of local and international participants. Major players in the market include UOP LLC, BASF, Interra global Arkema, Union Showa, Dalian Haixin, Yingkou Zhongbao, Grace Catalysts, and Anhui Mingmei MinChem.
Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/zeolite-molecular-sieve-market-report
Release ID: 88902311
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