Global Molecular Sieve Additives Market Overview
Molecular Sieve are material with small holes (pores) of uniform size, where the pore diameters are same in size to small molecules and large molecules cannot adsorbed while smaller molecules can enter or adsorbed. It is also used in mass spectrometry and gas chromatography.
Global Molecular Sieve Additives Market Drivers & Restraints
Drivers |
Restrains |
Growing applications in Polyolefins, FCC, and others |
Threat from enzymes, chemical composites and other substitutes |
Good pollution and crushing resistance |
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Increased usage in automotive industries |
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Global Molecular Sieve Additives Market Segmentations & Regional Insights
The target market is segmented based on Type, Application, and Region.
Type Insight
On the basis of Type, the target market is segmented into ZSM-5, USY, and Others.
Application Insight
On the basis of Application, the target market is segmented into FCC, Polyolefins, and Others.
Regional Insights:
On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period due to expansion in petroleum sector coupled with automotive, other industrial and surfactants and growing usage in automotive industries to keep air brake system functional and irrespective climatic conditions.
Recent Development:
Strategic Acquisitions and Partnership News,
- In May 2022, Richard Baker Harrison Ltd. (RBH) acquired the Faber & VanderEnde B.V., and Faber VanderEnde GmbH. This acquisition will strengthen RBH Group by providing portfolio of specialist raw materials across Europe by focusing on key markets such as molecular sieves/filtration, adhesives & sealants, coatings and construction.
Report Scope:
Attribute |
Details |
Base year for estimation |
2022 |
Forecast period |
2022 – 2032 |
Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
Market Segmentation |
By Type - ZSM-5, USY, and Others By Application - FCC, Polyolefins, and Others |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032.
Global Molecular Sieve Additives Market Competitive Landscape & Key Players
The key players operating the target market includes, Grace Catalysts Technologies, BASF, Inprocat Corporation, Albemarle, Arkema Group, Johnson Matthey, JGC C&C, Sinopec, Yueyang Sciensun Chemical, CNPC, and Others.
Global Molecular Sieve Additives Market Recent News
- In November 2022, INTAMSYS launched new desktop 3D printer at Formnext 2022 in Germany. It was the leading international trade fair for advanced production technologies and industrial additive manufacturing. The new launched ‘FUNMAT PRO 310’ is designed with various features such as, a reusable molecular sieve & an independent sealed drying filament box keeps the humidity level of machines low over long term without need to dry filament before printing and thus helpful for material that absorb moisture.
- In June 2021, BASF Catalysts supported India in fight against Covid-19 pandemic by supplying molecular sieves from its Chemical Catalysts and Adsorbent’s business to India. The molecular sieves were provided to various companies in India who ramp up their oxygen supply by converting nitrogen generation units to oxygen units where, molecular sieves are integral to help enrich atmospheric oxygen from 21% to medical grade oxygen that ranges from 90% to 95%.
- In April 2017, Arkema, the world’s largest largest producer of molecular sieve inaugurated new specialty molecular sieve production capacities at Honfleur plant. The new plant is designed with doubling capacity for Arkema’s specialty molecular sieve and will allow group to support its customer growth in petrochemicals and refining markets especially in Middle East and Asia region.
Global Molecular Sieve Additives Market Highlights
FAQs
The growing adoption of innovative technology is expected to boost the industrial demand.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, Grace Catalysts Technologies, BASF, Inprocat Corporation, Albemarle, Arkema Group, Johnson Matthey, JGC C&C, Sinopec, Yueyang Sciensun Chemical, CNPC, and Others.