Zeolite Molecular Sieve Market size is expected to value at USD 4.27 billion by 2022. The zeolite molecular sieve industry is subject to witness a substantial growth due to the rising demand for production of detergent and catalysts. Additionally, zeolite molecular sieve is increasingly utilized as an absorbent due to of its sieve-like structure. Zeolite molecular sieve are crucial for separation and adsorption in various manufacturing process for production of detergents..
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The key driving factors responsible for the growth of Zeolite
Molecular Sieve market :
Zeolite molecular sieve used as
an absorbent, particularly in oil & gas sector and for water treatment.
Rising demand for detergents due to increase in hygiene awareness among
consumers is anticipated to boost demand for zeolite molecular sieve as a
builder in liquid and powder detergents. Globally, the zeolite molecular sieve
market is predicted to grow at CAGR of 2.3% in the forecast period, providing
numerous opportunities for market players to invest for research and
development in the market.
Rapid expansion of oil & gas
industry, particularly in the North America & South America region, and
end-use demand for catalysts to provide higher yield are estimated to aggravate
market growth over the next seven years. In addition, substantial increase in
the number of water treatment activities for wastewater treatment and
purification of water are propelling market demand for zeolite molecular sieve,
in the recent years.
However, availability of various
alternatives such as enzymes, metals and other chemical compounds and their
relatively lower cost in comparison with zeolite molecular sieve are expected
to limit market demand to a certain extent. Additionally, volatility in cost of
raw materials is restraining market growth, in the last few years. Yet,
introduction of silver infused sieves as an antimicrobial is expected to
amplify market expansion in the near future.
Zeolites, which are micro-porous
in nature and contains alumino-silicate minerals are commonly used as
industrial adsorbents and catalysts. Zeolites are naturally found compounds.
However, zeolites are manufactured for industrial use on a large scale.
Industrially important zeolites are manufactured via various synthetic
technique. Industrial zeolites are produced by heating aqueous solutions of
alumina and silica with sodium hydroxide, while sodium aluminate and sodium
silicate acts as a catalyst. Industrial application of zeolites include
ion-exchange beds in residential and commercial water purification, softening,
and other applications. Primary use of zeolites is in production of detergents.
The zeolite molecular sieve
industry is broadly categorized into four major segments based on the
application type such as detergents, catalysts, wastewater management and oil
& gas industry. The detergents is considered as one of the fastest growing
segment in the zeolite molecular sieve market with substantial revenue
generation in the last few years. Growing popularity of zeolite molecular sieve
in the detergents segment is attributed to the extensive use as binders. The
oil & gas industry segment has also witnessed substantial growth owing to
the increasing demand for absorbents.
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