Molecular Sieves Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024

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Molecular Sieves Market size is forecast to reach $5.6 billion by 2025, after growing at a CAGR of 5.3% during 2020-2025. Molecular Sieves industry is projected to augment due to increasing demand from oil and gas for processing, along with rising awareness for the treatment of hazardous organic materials in wastewater.  
Key Takeaways
  • Asia Pacific dominates the Molecular Sieves market owing to higher consumption across various industry verticals.  
  • Increasing oil and gas processing will further augment the molecular sieves market during forecast period.  
  • The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. 
  • The other key areas of focus include the various applications in Molecular Sieves Market and their specific segmented revenue. 
Shape - Segment Analysis

Pelleted held the largest share in the Molecular Sieves market in 2019. The pellet molecular sieve has better properties than other shaped molecular sieves. The pelleted shape has very high water adsorption capacity and mechanical strength, and at the same time very low attrition loss. The main use is in air & associated gas drying; however, it can also be used favorably instead of activated alumina, where it requires a lower dew point. 

Type – Segment Analysis

Zeolite held the largest share in the Molecular Sieves market in 2019. Zeolites have uniform size and precise structure. Common structures of the molecular sieves include porous glass, activated carbon, zeolites and clay. Zeolite molecular sieves are structures of highly crystalline silicate alumino which include elements such as sodium, potassium, magnesium and calcium. Such structures require selective particle size absorption, where particles of greater size cannot reach the porous structure. Its sieve-like shape also makes extensive use of it as an absorbent. Activated Charcoal Molecular carbon sieves are prepared by poly(vinylidene chloride) or sulfonated polymers (CarboxenTM) regulated pyrolysis. They consist of very thin, cross-linked graphite crystallites to produce a disordered cavity-opening structure. The activated charcoal molecular sieves (carbon) are microporous and have a high surface area, 200–1200m2 g− 1. These are mainly used to isolate inorganic gases, hydrocarbons C1–C3, and to distinguish small polar molecules, such as acid, formaldehyde, and hydrogen sulphide. These sieves are used in many industries including detergents, oil & gas, and water treatment for separation and adsorption. Increasing demand for detergents in liquid and powder detergents due to increased customer awareness of hygiene is expected to drive demand as a builder.
End Use – Segment Analysis

Oil & Gas industry dominated the Molecular Sieves market and is expected to grow at a CAGR of 12% during the forecast period owing to the increasing oil and gas activities across the world. Fluid-catalytic cracking (FCC) is one of the main oil refinery conversion technologies. At present, FCC produces much of the world's fuel, as well as a large fraction of propylene for the polymer market. A variety of oil refineries use different conversion technologies and even have more than one FCC unit in some refineries. The FCC plant is also a major manufacturer of propylene and, to a lesser degree, raw materials for petrochemical processes, as well as supplying gasoline. New developments in the availability of feedstocks, such as shale oil and gas and tight oil, the quest to increase the usage of renewable resources, as well as shifts in petrol demand, lead to a need to improve the selectivity of the FCC cycle. This progress has led to a renewed interest in new molecular sieves, hierarchically porous zeolites and stabilization of the zeolites used in FCC. The petroleum industry uses molecular sieves in the filtration process due to its high adsorption capacities. These sieves are used in dehydration and clean-up of gases, such as propane and butane. These desiccants are also used for the removal of mercaptans, H2S, CO2 and other natural gas particles. They are ideal for dehydration of natural gas containing aromatic compounds such as propane, methane, and ethanol. Humidity and other pollutants can corrode equipment and lead to inefficiencies in service and reduced quality of the product. The growth in exploration of oil and gas will support the growth of molecular sieves.
Geography - Segment Analysis

Asia Pacific dominates the Molecular Sieves market with a share of more than 48%, followed by North America and Europe. Rising demand from the detergent manufacturing sector coupled with growth in new application segment such as waste water treatment is expected to open up new market avenues in many Asia Pacific countries. The rise in government spending has also led to increased demand on the market for molecular sieves of zeolites. Due to strict government regulations for detergent applications North America and Europe are expected to showcase steady growth. The demand and supply of molecular sieves has declined in recent time due to COVID-19 pandemic. Between February and March 2020 the coronavirus pandemic forced lockdowns across Asia, paralyzing economic activity across the continent as factories shut down bringing production to a halt. The manufacturing industry tumbled because of COVID-19 which has led to economic slowdown and its effect on economy can be traced till end of year 2020. The manufacturing industry in APAC region will bounce back during forecast period which will help in growth of molecular sieves market. 

Drivers – Molecular Sieves Market
  • Expanding Oil and Gas Industry will drive the Molecular Sieves market:
Molecular sieves are used in petroleum refineries, as they provide energy-efficient options to certain separation processes that involve heating of oil. Petroleum refining is a key element of the global energy system. Oil demand is has exceeded 100 million barrels per day (MMbd) in 2019. The United States is the major crude oil producer followed by Saudi Arabia, Russia and Canada. Crude oil production in the United States saw a substantial increase as oil discovery and extraction from its abundant shale reserves increased, causing a single country's largest ever annual rise. 

Challenges – Molecular Sieves Market
  • High Cost of Molecular Sieve can restrict the market:
The cost of raw materials remains the top overall concern for Molecular Sieves. The cost of energy and raw materials has affected a niche market in the ethanol industry. Furthermore, the rising costs of chemicals, such as potassium chloride and sodium hydroxide is further fueling the cost of molecular sieve.  

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Molecular Sieves market. In 2019, the market of Molecular Sieves has been consolidated by the top five players accounting for xx% of the share. Major players in the BASF SE, Arkema S.A, Honeywell International Inc., Tosoh Corporation, KNT Group and others. 

Acquisitions/Technology Launches
  • In October 2018, BASF SE launched Durasorb, molecular sieve adsorption solution designed for natural gas processing. Durasorb offers more reliable and robust dehydration service to natural gas refining. 
1. Molecular Sieves Market - Overview
        1.1 Definitions and Scope
2. Molecular Sieves Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Molecular Sieves Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Molecular Sieves Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Molecular Sieves Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Molecular Sieves Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Molecular Sieves Market - Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Molecular Sieves Market - By Shape (Market Size -$Million / $Billion)
        8.1 Pelleted
        8.2 Beaded
        8.3 Powdered
9. Molecular Sieves Market - By Size (Market Size -$Million / $Billion)
9.1 Microporous
9.2 Mesoporous
9.3 Macroporous
10. Molecular Sieves - By Product Type (Market Size -$Million / $Billion)
10.1 Carbon
10.2 Clay
10.3 Porous Glass
10.4 Silica Gel
10.5 Zeolite
10.6 Other Product types
11. Molecular Sieves - By End-user Industry (Market Size -$Million / $Billion)
11.1 Agricultural Products
11.2 Air Purification
11.3 Automotive Industry
11.4 Cosmetics
11.5 Detergents Industry
11.6 Heating & Refrigeration Industry
11.7 Industrial Gas Production
11.8 Nuclear Industry
11.9 Petroleum Refining & Petrochemicals
11.10 Pharmaceutical Industry
11.11 Plastics & Polymers Industry
11.12 Waste & Water Treatment
11.13 Other end-user Industries
12. Molecular Sieves - By Geography (Market Size -$Million / $Billion)
        12.1 Molecular Sieves Market - North America Segment Research
        12.2 North America Market Research (Million / $Billion)
            12.2.1 Segment type Size and Market Size Analysis
            12.2.2 Revenue and Trends
            12.2.3 Application Revenue and Trends by type of Application
            12.2.4 Company Revenue and Product Analysis
            12.2.5 North America Product type and Application Market Size
         Rest of North America
        12.3 Molecular Sieves- South America Segment Research
        12.4 South America Market Research (Market Size -$Million / $Billion)
            12.4.1 Segment type Size and Market Size Analysis
            12.4.2 Revenue and Trends
            12.4.3 Application Revenue and Trends by type of Application
            12.4.4 Company Revenue and Product Analysis
            12.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        12.5 Molecular Sieves- Europe Segment Research
        12.6 Europe Market Research (Market Size -$Million / $Billion)
            12.6.1 Segment type Size and Market Size Analysis
            12.6.2 Revenue and Trends
            12.6.3 Application Revenue and Trends by type of Application
            12.6.4 Company Revenue and Product Analysis
            12.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        12.7 Molecular Sieves - APAC Segment Research
        12.8 APAC Market Research (Market Size -$Million / $Billion)
            12.8.1 Segment type Size and Market Size Analysis
            12.8.2 Revenue and Trends
            12.8.3 Application Revenue and Trends by type of Application
            12.8.4 Company Revenue and Product Analysis
            12.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong kong
         Rest of APAC
        12.9 Molecular Sieves - Middle East Segment and Africa Segment Research
        12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            12.10.1 Segment type Size and Market Size Analysis
            12.10.2 Revenue and Trend Analysis
            12.10.3 Application Revenue and Trends by type of Application
            12.10.4 Company Revenue and Product Analysis
            12.10.5 Middle East Segment Product type and Application Market Size
         Saudi Arabia
            12.10.6 Africa Segment Analysis
         South Africa
         Rest of Middle East & Africa
13. Molecular Sieves Market - Entropy
        13.1 New product launches
        13.2 M&A s, collaborations, JVs and partnerships
14. Molecular Sieves Market - Industry / Segment Competition landscape Premium
        14.1 Market Share Analysis
            14.1.1 Market Share by Country- Top companies
            14.1.2 Market Share by Region- Top 10 companies
            14.1.3 Market Share by type of Application - Top 10 companies
            14.1.4 Market Share by type of Product / Product category- Top 10 companies
            14.1.5 Market Share at global level - Top 10 companies
            14.1.6 Best Practises for companies
15. Molecular Sieves Market - Key Company List by Country Premium
16. Molecular Sieves Market Company Analysis
        16.1 Market Share, Company Revenue, Products, M&A, Developments
        16.2 Arkema Group
        16.3 Axens
        16.4 Basf Se
        16.5 Bear River Zeolite
        16.6 Bete Ceramic Co Ltd
        16.7 Cabot Corporation
        16.8 Carbotech Ac Gmbh
        16.9 Clariant
        16.10 Dalian Adsorbent Co Ltd
        16.11 Dessica Chemical
        16.12 Eastman Chemical Co
        16.13 Grace Co
        16.14 Graver Technology
        16.16 Honeywell International Inc
        16.16 Knt Group
        16.17 Kuraray Co , Ltd
        16.18 Luoyang Jianlong Micro-Nano New Mater
        16.19 Merck Co Inc
        16.20 Shanghai Hengye Molecular Sieve Co. L
        16.21 Shanghai Jiuzhou Chemical Co Ltd
        16.22 Solvay Sa
        16.23 Sorbead
        16.24 Tosoh Corp
        16.25 Union Showa Kk
        16.26 Zeochem Ag
        16.27 Zeolyst International
        16.28 Company 28
        16.29 Company 29 & More
*Financials would be provided on a best efforts basis for private companies
17. Molecular Sieves Market - Appendix
        17.1 Abbreviations
        17.2 Sources
18. Molecular Sieves Market - Methodology
        18.1 Research Methodology
            18.1.1 Company Expert Interviews
            18.1.2 Industry Databases
            18.1.3 Associations
            18.1.4 Company News
            18.1.5 Company Annual Reports
            18.1.6 Application Trends
            18.1.7 New Products and Product database
            18.1.8 Company Transcripts
            18.1.9 R&D Trends
            18.1.10 Key Opinion Leaders Interviews
            18.1.11 Supply and Demand Trends

List of Tables

1 US Molecular Sieves Market Size 2018
2 Canada Molecular Sieves Market Share 2018
3 Brazil Molecular Sieves Market Outlook 2019 - 2023
4 Mexico Molecular Sieves Market Research 2018
5 Germany Molecular Sieves Market Trends 2019 - 2023 
6 France Molecular Sieves Market Growth 2019 - 2023 
7 UK Molecular Sieves Market Demand 2019 - 2023 
8 Italy Molecular Sieves Market Segmentation 2018
9 Russia Molecular Sieves Market Analysis 2019 - 2023
10 China Molecular Sieves Market Revenue 2019 - 2023
11 Japan Molecular Sieves Market Volume 2019 - 2023
12 South Korea Molecular Sieves Market Potential 2019 - 2023
13 India Molecular Sieves Market Leaders 2018
14 Saudi Arabia Molecular Sieves Market Forecast 2019 - 2023 
15 Kuwait Molecular Sieves Market Value 2018

List of Figures

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