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Zeolite Molecular Sieve Market Outlook and Global Foresight to 2022

Increasing demand for energy coupled with stress on green technologies has resulted in growing demand for zeolite molecular sieves as catalysts for petroleum refining. The Global Zeolite Molecular Sieve Market is expected to reach USD 4.27 billion by 2022, according to a new study by Grand View Research, Inc.


Higher efficiency and yield, and non-toxicity property of zeolites has resulted in the extensive use of the mineral for catalytic operations. In addition, growing demand for adsorbents owing to rising awareness regarding presence of hazardous organic materials in wastewater is expected to augment zeolite molecular sieve market demand over the forecast period.

Detergents accounted for over 70% of the global zeolite molecular sieve market volume share in 2014. Zeolite molecular sieves are used in detergents owing to its ability to produce demineralized water through calcium ion exchange which helps in the removal of any kind of dirt. This has resulted in a tremendous demand for zeolite molecular sieves from detergent segment. Zeolite molecular sieves being increasingly used in the petroleum industry as catalysts which is anticipated to drive market growth.

Global zeolite molecular sieve demand in catalysts was 345.7 kilo tons in 2014 and is expected to grow at a CAGR 2.3% from 2015 to 2022. Increasing industrial use of zeolite molecular sieve as catalysts in the petroleum industry has resulted in driving market growth over the past few years and the trend is anticipated to continue over the forecast period.

To Know More About Zeolite Molecular Sieve Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/synthetic-zeolite-market

Zeolite molecular sieves are used for cracking of petroleum as it causes certain structural changes during the chemical reaction which helps in manufacturing petrochemicals.

Top Players of Zeolite Molecular Sieve Market:

Key players present in the global zeolite molecular sieve market include Tosoh Corporation, Arkema, BASF, UOP, Grace Catalysts Technologies, Zeox Corporation, Chemiewerk Bad Köstritz and Union Showa K K. the global market is characterized by integration across raw materials and manufacturing stages of the value chain.

Market Segmentation of Zeolite Molecular Sieve Market:

The Global Zeolite Molecular Sieve Market segmented on the basis of Application and Region.

By Application:

    Detergents
    Catalysts

By Region:

    North America
    Europe
    Latin America
    Asia Pacific
    MEA

Inquire about Zeolite Molecular Sieve Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1487
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