Zeolite Molecular Sieve Market Analysis

Zeolite Molecular Sieve Market Analysis

Detergent application is likely to surpass USD 2 billion during the forecast time period pertaining to the increasing demand for eco-friendly alternatives for the synthetic detergents. These products offer effective pollution resistance and provide a suitable substitute to sodium tripolyphosphates which accelerate the growth of unwanted water flora in the sewers as well as hamper the quality of water.

Growing demand for industrial detergents from various end use industries such as buildings & construction pertaining to their economic advantage, high durability & efficiency has shifted inclination towards their use for industrial purpose. Increasing research and development activities towards the production of antimicrobial zeolites shall further augment the zeolite molecular sieve market.

Catalyst application may register gains at around 2% by 2023 owing to the rapid growth in crude oil consumption across several industries which may drive the overall zeolite molecular sieve market growth. These products are used as a catalyst on a large scale in a petroleum industry to manufacture the higher-grade propellants and raw materials for chemical industry. They perform various critical functions such as drying of natural gas, separation of impurities from gas stream and offer superior dispersion ability which reduces the rate of diffusion of gases and liquids.
 

North America market share, driven by the U.S. may exceed USD 850 million during the projected timespan owing to the increasing demand for petroleum derivatives in the region and growing government initiatives towards reduction in interest rates has increased inclination of oil & gas producers towards shale gas drilling. Growing demand for crude oil-based products from various end-use industries such as transportation and power have further boosted the oil consumption. Increasing investments in setting up refineries and growing cross pipeline projects shall create various opportunities for the zeolite molecular sieve market.
 

Europe demand is likely to surpass at over 1.45 billion by 2023 owing to the increasing consumer awareness towards effective wastewater treatment management. Rising urbanization has boosted investments in infrastructure development which has increased concerns towards municipal wastewater management. Presence of heavy metals in wastewater may have potential adverse effects on the environment which in turn has increased the demand for natural zeolites. Stringent regulations towards the treatment of industrial and urban wastewater owing to rising environment concerns may induce the regional growth.
 

Asia Pacific industry share, led by China and India may register gains at over 2% up to 2023 owing to the rising consumer inclination towards premium quality detergents. Growing awareness towards hygiene to improve quality of life and increasing penetration through various sales channels and online platforms shall further induce product demand. Substantial increase in penetration of washing machines and increasing demand for detergents which offer high germicidal properties are the key driving factors of the market. Rising consumer spending on eco-friendly alternatives of detergents owing to the increasing awareness towards the environmental impact of synthetic detergents shall stimulate the market size.