Zeolite Molecular Sieve Market Capacity, Production, Production Value, Cost/Profit, Supply/Demand and Import/Export 2018-2023
Zeolite Molecular Sieve Market from Qurate’s Repository provides detailed information, in-depth analysis, and forecast which is developed by a team of experts and professionals
(EMAILWIRE.COM, September 04, 2018 ) Industry Trend Analysis
In 2014, the global zeolite molecular sieve market was evaluated around USD 3.07 billion and is expected to reach approximately USD 4.35 billion by 2023 while registering itself at a compound annual growth rate (CAGR) of 3.95% over the forecast period owing to its rising demand in producing catalysts and detergent. Additionally, it is also widely utilized as an absorbent owing to its sieve-like composition. These sieves are utilized for adsorption and separation across several industries involving water treatment, detergents, and oil & gas. Rising demand for detergents owing to growing hygiene awareness levels amongst consumers is projected to boost the demand as a builder in powder and liquid detergents. Also, the growth of oil & gas industries along with rising demand for catalysts which render higher output is anticipated to boost the zeolite molecular sieve market during the next few years. Moreover, rising water treatment processes for purification of water as well as treating wastewater is expected to drive demand for the product as adsorbents. Though, the existence of metals, enzymes, and other chemical substances as an alternative to zeolite catalysts is projected to hinder the growth of the global market. The appearance of silver infused sieves as an antimicrobial is projected to initiate new opportunities for industry growth during the forecast years.
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Application Outlook and Trend Analysis
In 2014, detergents were the leading application section of global zeolite molecular sieve market, with wide utilize as binders in detergents. Rising detergents demand owing to rising customer awareness concerning hygiene is anticipated to consequently augment the growth of the global industry. Catalysts are expected to be the highest growing section within the global zeolite molecular sieve market due to the growth of gas & oil industries. Increasing high-performance catalysts’ demand which renders higher output is anticipated to drive industry expansion. Other applications involve its utilization as a separator in the gas industry and adsorbent for the treatment of wastewater. The expansion of the wastewater treatment and gas industries is anticipated to drive industry demand during the forecast years.
Regional Outlook and Trend Analysis
In 2014, European zeolite molecular sieve industry ruled global demand, a drift that is expected to continue during the forecast years. The regulatory tendency towards the limit of greenhouse gas emissions along with a tough manufacturing base of detergents and refrigerants in France, Germany, Belgium, and Netherlands is anticipated to boost the growth. During 2009, the European Commission sanctioned a directive named Renewable Energy Directive (RED), which has made 20% of EU energy production mandatory from biomass by the end of 2020. This strategy is anticipated to augment the manufacturing of bio-based chemicals. Over the forecast years, Asia-Pacific is projected to experience the fastest expansion within the industry on account of increasing demand for catalysts and detergents. Growing focus on ecological protection by several governments has ensued in a rising use of zeolites for purifying gas streams and water purification. Growing infrastructure spending in nations including India and China is likely to improve the growth of the market due to rising use in manufacturing lightweight construction material and being a significant ingredient in manufacturing asphalt concrete blend. In 2014, Detergents were the major application section in the Asia Pacific regional zeolite molecular sieve industry reporting for approximately 70% of market volume. The Latin American region is expected to experience above normal growth owing to fast industrialization. Catalysts were the major application section of the Latin American regional zeolite molecular sieve market reporting for around 50% of the market revenue.
Competitive Outlook and Trend Analysis
In 2014, Tosoh Corporation, Arkema, BASF, UOP, Grace Catalysts Technologies, Zeox Corporation, Chemiewerk Bad Köstritz and Union Showa K K ruled the global zeolite molecular sieve market. Union Showa K K, Chemiewerk Bad Köstritz, and Arkema are incorporated players, occupied in the manufacturing of at least one main feedstock which is captively used for production sieves.
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The global zeolite molecular sieve market is segmented as follows –
By Application
Detergents
Catalysts
Others
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/CnM/QBI-CMR-CnM-54570
Some of the key questions answered by the report are:
· What was the market size in 2014 and forecast from 2014 to 2023?
· What will be the industry market growth from 2014 to 2023?
· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
· What are the major segments leading the market growth and why?
· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
In 2014, the global zeolite molecular sieve market was evaluated around USD 3.07 billion and is expected to reach approximately USD 4.35 billion by 2023 while registering itself at a compound annual growth rate (CAGR) of 3.95% over the forecast period owing to its rising demand in producing catalysts and detergent. Additionally, it is also widely utilized as an absorbent owing to its sieve-like composition. These sieves are utilized for adsorption and separation across several industries involving water treatment, detergents, and oil & gas. Rising demand for detergents owing to growing hygiene awareness levels amongst consumers is projected to boost the demand as a builder in powder and liquid detergents. Also, the growth of oil & gas industries along with rising demand for catalysts which render higher output is anticipated to boost the zeolite molecular sieve market during the next few years. Moreover, rising water treatment processes for purification of water as well as treating wastewater is expected to drive demand for the product as adsorbents. Though, the existence of metals, enzymes, and other chemical substances as an alternative to zeolite catalysts is projected to hinder the growth of the global market. The appearance of silver infused sieves as an antimicrobial is projected to initiate new opportunities for industry growth during the forecast years.
Request for Free Sample@ https://www.qurateresearch.com/report/sample/CnM/QBI-CMR-CnM-54570
Application Outlook and Trend Analysis
In 2014, detergents were the leading application section of global zeolite molecular sieve market, with wide utilize as binders in detergents. Rising detergents demand owing to rising customer awareness concerning hygiene is anticipated to consequently augment the growth of the global industry. Catalysts are expected to be the highest growing section within the global zeolite molecular sieve market due to the growth of gas & oil industries. Increasing high-performance catalysts’ demand which renders higher output is anticipated to drive industry expansion. Other applications involve its utilization as a separator in the gas industry and adsorbent for the treatment of wastewater. The expansion of the wastewater treatment and gas industries is anticipated to drive industry demand during the forecast years.
Regional Outlook and Trend Analysis
In 2014, European zeolite molecular sieve industry ruled global demand, a drift that is expected to continue during the forecast years. The regulatory tendency towards the limit of greenhouse gas emissions along with a tough manufacturing base of detergents and refrigerants in France, Germany, Belgium, and Netherlands is anticipated to boost the growth. During 2009, the European Commission sanctioned a directive named Renewable Energy Directive (RED), which has made 20% of EU energy production mandatory from biomass by the end of 2020. This strategy is anticipated to augment the manufacturing of bio-based chemicals. Over the forecast years, Asia-Pacific is projected to experience the fastest expansion within the industry on account of increasing demand for catalysts and detergents. Growing focus on ecological protection by several governments has ensued in a rising use of zeolites for purifying gas streams and water purification. Growing infrastructure spending in nations including India and China is likely to improve the growth of the market due to rising use in manufacturing lightweight construction material and being a significant ingredient in manufacturing asphalt concrete blend. In 2014, Detergents were the major application section in the Asia Pacific regional zeolite molecular sieve industry reporting for approximately 70% of market volume. The Latin American region is expected to experience above normal growth owing to fast industrialization. Catalysts were the major application section of the Latin American regional zeolite molecular sieve market reporting for around 50% of the market revenue.
Competitive Outlook and Trend Analysis
In 2014, Tosoh Corporation, Arkema, BASF, UOP, Grace Catalysts Technologies, Zeox Corporation, Chemiewerk Bad Köstritz and Union Showa K K ruled the global zeolite molecular sieve market. Union Showa K K, Chemiewerk Bad Köstritz, and Arkema are incorporated players, occupied in the manufacturing of at least one main feedstock which is captively used for production sieves.
Enquiry About Report@ https://www.qurateresearch.com/report/enquiry/CnM/QBI-CMR-CnM-54570
The global zeolite molecular sieve market is segmented as follows –
By Application
Detergents
Catalysts
Others
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/CnM/QBI-CMR-CnM-54570
Some of the key questions answered by the report are:
· What was the market size in 2014 and forecast from 2014 to 2023?
· What will be the industry market growth from 2014 to 2023?
· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
· What are the major segments leading the market growth and why?
· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
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Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results