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Zeolite Molecular Sieve Market Size
- Report ID: GMI442
- Published Date: May 2016
- Report Format: PDF
Zeolite Molecular Sieve Market Size
Zeolite Molecular Sieve Market size was over USD 3 billion in 2015 and industry expects consumption at over 2 million tons by 2023 owing to the growing consumer awareness towards hygiene, which has boosted the production of high-quality environment friendly detergents. These products are used in detergents as they act as binders to eliminate calcium and magnesium ions originating from the wash water and to support the washing action of the surfactants.
Global laundry detergent market was valued at over USD 130 billion in 2016 which shows huge opportunities for product demand. In addition, they also find application as catalyst in petroleum production owing to their high absorbency and ability to deodorize liquids like gasoline and oil which may stimulate the zeolite molecular sieve market share.
These products offer superior chemical stability and high adsorption capacity which makes them suitable for their use in petrochemicals, refineries and other oil & gas applications. These are used in the purification, drying of gases and wastewater treatment pertaining to their economic feasibility and ability to produce a drier gas and liquid. Production volume of catalysts for petroleum refining in Japan was valued over 45 thousand tons in 2017. Expansion of oil refining capacities owing to increasing demand for energy resources has increased catalytic cracking activities.
Presence of various chemical compounds, enzymes and other catalyst substitutes is likely to hamper the zeolite molecular sieve market. These products offer high sensitivity to deactivation by steric blockage of heavy secondary products. Moreover, zeolites when used for water treatment must be removed by filtration and coagulation before the water is admitted to the zeolite bed as the turbidity clogs the pores of zeolite bed which makes it inactive. However, superior advantages of zeolites over conventional catalyst owing to their high acid strength and adaptability to various catalysis types shall stimulate the product demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2015 |
| Zeolite Molecular Sieve Market Size in 2015: | 3 Billion (USD) |
| Forecast Period: | 2016 to 2023 |
| 2023 Value Projection: | 4.4 Billion (USD) |
| Historical Data for: | 2012 to 2015 |
| No. of Pages: | 110 |
| Tables, Charts & Figures: | 82 |
| Segments covered: | Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Zeolite Molecular Sieve Market Scope
