Segments - Asia Pacific Molecular Sieve Market by Shape (Powdered, Pelleted, and Beaded), Size (Macro-porous, Microporous, and Mesoporous), Product Type (Porous Glass, Zeolite, Carbon, Silica Gel, Clay, and Others), End-users (Oil & Gas, Water & Waste Treatment, Automotive, Pharmaceutical, Cosmetics & Detergent, and Others), and Geography (India, Australia, Malaysia, China, New Zealand, Indonesia, Japan, and Rest of the Asia Pacific)–Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031
The Asia Pacific molecular sieve market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5% during 2023–2031. Growth of the market is attributed to rapid development in pharmaceutical sector, increasing demand for advance actuator product, rising industrialization and increasing awareness among consumers about automobile sector.
For the separation of gases such as nitrogen, inert gases, hydrogen, carbon monoxide, and oxygen the molecular sieves are used all over the industries. It is also utilized for branched chain hydrocarbons and small molecular weight. With the help of naturally occurring materials & dehydration of synthetic materials & elements such as clay, zeolite, and silica, molecular sieves are manufactured in pelleted, powdered, and beaded form.
While eliminating sieve molecules that are major than the openings, They absorb minor molecules which are effective diameter of the pore’s gas & liquid molecules. The molecular sieve has properties such as major number of utilization cycles which helps in increasing product life, drying capabilities of sieves, also known for their crushing strength, and contamination resistant property. Due to these properties molecular sieves find broad uses in industries like gas & oil, detergent, and water treatment.
The Covid-19 pandemic affected the demand and supply of Asia Pacific molecular sieve market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Increasing use of molecular sieve in automotive sector is projected to boost the market.
Rising need for molecular sieve in emission control system is the major factor fueling the market.
Lack of awareness about the molecular sieve is projected to restrict the market expansion during the forecast period.
High price of products is anticipated to hamper the market growth in the coming years.
R&D investment and technological advancement in molecular sieve market is projected to offer lucrative opportunities for the market players
The report on the Asia Pacific molecular sieve market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Asia Pacific Molecular Sieve Market–Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016-2021 |
Forecast Period |
2023-2031 |
Segmentation |
Shape (Powdered, Pelleted, and Beaded), Size (Macro-porous, Microporous, and Mesoporous), Product Type (Porous Glass, Zeolite, Carbon, Silica Gel, Clay, and Others), End-users (Oil & Gas, Water & Waste Treatment, Automotive, Pharmaceutical, Cosmetics & Detergent, and Others) |
Geographical Scope |
India, Australia, Malaysia, China, New Zealand, Indonesia, Japan, and Rest of the Asia Pacific |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players covered in the Report |
Zeolyst International; Tosoh Corp.; Solvay; Merck KGaA; Honeywell International Inc.; Desicca Chemicals Pvt. Ltd.; Clariant; Calgon Carbon Corp.; Blue Pacific Minerals; BASF SE; Arkema Group; Bete Ceramics Co. Ltd.; Axens; Cabot Corp.; CARBOTECH AC GMBH; Dalian Absorbent Co., Ltd.; Graver Technologies; JIUZHOU CHEMICALS; Shanghai Hengyne Molecular Sieve Co. Ltd.; Sorbead India; and W. R. Grace & Co. Conn. |
On the basis of end-users, the Asia Pacific molecular sieve market is fragmented into oil & gas, water & waste treatment, automotive, pharmaceutical, cosmetics & detergent, and others. The oil & gas segment accounts for a key share of the market. Growth of the market is attributed to rapid urbanization and increasing overall efficiency & productivity for molecular sieve industry. However, the water & waste treatment segment is anticipated to expand at a rapid pace during the forecast period due to rapid expansion in development & research and increasing per capita income.
Based on shape, the market is classified into powdered, pelleted, and beaded. The pelleted segment accounts for a significant share of the market. Growth of the market is attributed to rising awareness about hazardous organic material treatment and increasing exportation of gas & oil. The powdered segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising investment by private sectors and rapidly growing population.
On the basis of size, the Asia Pacific molecular sieve market is segmented into macro-porous, microporous, and mesoporous. The microporous segment accounts for a key share of the market. Growth of the market is attributed to rapid economic growth and rising adoption of advanced technologies in molecular sieve industry. However, the macro-porous segment is anticipated to expand at a rapid pace during the forecast period due to presence of major market players and increasing usages of molecular sieves in air brake & air conditioning.
Based on product type, the market is divided into porous glass, zeolite, carbon, silica gel, clay, and others. The zeolite segment accounts for a significant share of the market. Growth of the market is attributed to rising usages of sieves in waste & water treatment and increasing number of small & medium manufacturing industries. The porous glass segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising demand for environment- friendly & high-quality detergents and increasing demand for vehicles.
On the basis of geography, the Asia Pacific molecular sieve market is categorized as India, Australia, Malaysia, China, New Zealand, Indonesia, Japan, and Rest of the Asia Pacific. The market of India is estimated to expand at a high CAGR during the forecast period due to factors such as rapid expansion of petroleum sector and increasing demand for energy. The market of China is estimated to hold major market share due to increasing awareness among customers and presence of well-established manufacturing base for water purification & detergents.
The Asia Pacific molecular sieve market has been segmented on the basis of
Key players competing in the Asia Pacific molecular sieve market include Zeolyst International; Tosoh Corp.; Solvay; Merck KGaA; Honeywell International Inc.; Desicca Chemicals Pvt. Ltd.; Clariant; Calgon Carbon Corp.; Blue Pacific Minerals; BASF SE; Arkema Group; Bete Ceramics Co. Ltd.; Axens; Cabot Corp.; CARBOTECH AC GMBH; Dalian Absorbent Co., Ltd.; Graver Technologies; JIUZHOU CHEMICALS; Shanghai Hengyne Molecular Sieve Co. Ltd.; Sorbead India; and W. R. Grace & Co. Conn.
Some of these players are using several market strategies such as collaborations, acquisitions, partnerships, merger, product launches, and capacity expansion to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.