Soaring Demand in Petroleum Refining & Petrochemicals Industry
Molecular sieves are mostly used in petroleum refineries, where they provide energy-efficient options to certain separation processes that involve heating of oil. For purification purposes, they are majorly used for water treatment and air purification. As desiccants, they are used to remove impurities from many industrial gases and liquids. They can be reused through regeneration, where the adsorbate molecules are removed from the molecular sieve bed, by heating and purging with a carrier gas.
The market is expected to grow rapidly due to the presence of opportunities, such as the development of anti-microbial zeolite molecular sieves. Apart from that, the FDA approval for the use of these materials in food items has opened new prospects for the global molecular sieves market.
However, this market faces certain drawbacks, like threat from chemical composites, enzymes and other substitutes, which may act as a roadblock to the market growth.
Asia-Pacific Region to Lead the Market
Asia-Pacific turned out to be the largest, as well as fast growing market with a market share of 40.52% in 2017 and CAGR of 6.91% during the forecast period. Being a hub to some of the fastest developing economies, growing industrialization, and abundance of labor availability, are some of the reasons for the size and fast pace of development in this region.
The Universal Oil Products LLC (Honeywell International Group) is the largest producer of the molecular sieves throughout the world, followed by CECA (Arkema) and Tosoh Corporation.
Notable Developments in the Market:
March 2018: Solvay launches VAC-PLY™ VMS3, which is a next-generation multi-layer microporous vacuum channel for resin infusion
February 2018: Calgon Carbon operated as a separate subsidiary of Kuraray. The Functional Materials Company includes the Methacrylate Division and Medical Division
Major Players: Honeywell, Arkema, Zeochem, Grace, Tosoh Corporation, Axens, BASF, and Clariant amongst others.
Reasons to Purchase this Report
To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Production Analysis
3.4 Price Analysis
4. Market Dynamics
4.1.1 Low Crude Oil Prices
4.1.2 Rising Awareness For Treatment Of Hazardous Organic Materials In Wastewater
4.2.1 Threat From Chemical Composites, Enzymes And Other Substitutes
4.3.1 FDA Approval for Usage in Consumable Items
4.3.2 Development of Anti-Microbial Zeolite Molecular Sieves
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By End-user Industry
5.1.1 Agricultural Products
5.1.2 Air Purification
5.1.3 Automotive Industry
5.1.5 Detergents Industry
5.1.6 Heating & Refrigeration Industry
5.1.7 Industrial Gas Production
5.1.8 Nuclear Industry
5.1.9 Petroleum Refining & Petrochemicals
5.1.10 Pharmaceutical Industry
5.1.11 Plastics & Polymers Industry
5.1.12 Waste & Water Treatment
5.2 By Product Type
5.2.3 Porous Glass
5.2.4 Silica Gel
5.3 By Shape
5.4 By Size
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 Australia & New Zealand
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle-East and Africa
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)
8.3 BASF SE
8.4 Bete Ceramics Co. Ltd.
8.5 Cabot Corporation
8.6 Calgon Carbon Corporation
8.7 Carbotech AC Gmbh
8.9 Dalian Absorbent Co. Ltd.
8.10 Dessica Chemicals
8.12 Graver Technologies
8.13 Honeywell International Inc.
8.14 Shanghai Jiuzhou Chemicals Co. Ltd.
8.15 KNT Group
8.16 Luoyang Jianlong Micro Nano New Materials Co. Ltd.
8.17 Merck & Co. Inc.
8.18 Shanghai Hengye Molecular Sieve Co. Ltd.
8.19 Solvay Chemicals
8.20 Sorbead India
8.21 Tosoh Corporation
8.22 Union Showa KK
8.23 Zeochem AG
8.24 Zeolyst International
**Subject to availability on public domain
- BASF SE
- Bete Ceramics Co. Ltd.
- Cabot Corporation
- Calgon Carbon Corporation
- Carbotech AC Gmbh
- Dalian Absorbent Co. Ltd.
- Dessica Chemicals
- Graver Technologies
- Honeywell International Inc.
- Shanghai Jiuzhou Chemicals Co. Ltd.
- KNT Group
- Luoyang Jianlong Micro Nano New Materials Co. Ltd.
- Merck & Co. Inc.
- Shanghai Hengye Molecular Sieve Co. Ltd.
- Solvay Chemicals
- Sorbead India
- Tosoh Corporation
- Union Showa KK
- Zeochem AG
- Zeolyst International