The report provides an overview of the “Molecular Sieves Market” industry including definitions, division, key vendors, key Development and market challenges. The Molecular Sieves Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Molecular Sieves Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.
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The North American molecular sieves market is expected to register a steady CAGR of 5.81%, between 2019 and 2024. One of the major factors driving the growth of the market studied is the increasing demand for processing from the oil and gas industry. The rising awareness about the treatment of hazardous organic materials in wastewater is also likely to stimulate the market. On the flipside, the threat from chemical composites, enzymes, and other substitutes is expected to hinder the market growth.
The Molecular Sieves Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. Molecular Sieves Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
Increasing Usage in the Automotive Industry
– In the automotive industry, molecular sieves are used for air brake, air conditioning, and emission control systems.
– Air brake systems play a crucial role in heavy vehicles, like trucks, train, buses, and off-road vehicles. Due to continuous exposure to atmospheric conditions, like water, humidity, and industrial gases, the air brake freezes or eventually corrodes away.
– Molecular sieve helps to keep the air brake system functional, irrespective of the weather conditions.
– Emission control systems use molecular zeolites to reduce the vehicle emission levels. Zeolites are used to enhance hydrocarbon and CO oxidation, along with reduction in mono-nitrogen oxides. Adsorbents are also used to resolve the emission issues caused due to cold start.
– The automotive industry is looking to use molecular sieve for hydrogen-powered fuel cells mounted in vehicles. Hydrogen can either be compressed or liquefied to store on-board, typically on small vehicles. Hydrogen has low density, which directly increases its volume. Liquefaction of hydrogen needs an extreme cooling and excellent insulation, which is not feasible in small vehicles. Hence, use of porous adsorbents that can hold hydrogen by physisorption is a good option for this industry.
– All the aforementioned factors, in turn, are expected to increase the demand for the molecular sieves market in the region.
United States Dominates the Market
– The United States is one of the industrialized countries, with multiple industries in heavy-, medium- and small-scale categories. Thus, the usage of water treatment chemicals is high in almost all industries.
– The United States Environmental protection agency (USEPA) emphasizes on the improvement of water and sewage services, especially in the municipal wastewater treatment area. This scenario is boosting the demand for molecular sieves in waste & water treatment applications.
– Crude oil refining capacities in the United States is increasing at a significant rate, simultaneously driving the demand for molecular sieves in distillation operations.
– The FDA, also known as the United States Food and Drug Administration, has cleared the path for the use of sieves in consumable items. This is expected to boost the use of sieves in the food and drug industry.
– Furthermore, the zeolite molecular sieves in the United States are used as surfactants, interfacing agents, adsorbents, and for filtration purposes.
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Reasons to Purchase this Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Study on product type and application expected to dominate the market.
- Study on regions expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Detailed Table of Content of Global Molecular Sieves Market – Growth, Trends, Forecast and Challenges (2019 – 2024)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Molecular Sieves Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Molecular Sieves Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Molecular Sieves Market Segmentation, By Capacity
7. Global Molecular Sieves Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Molecular Sieves Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Molecular Sieves Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
And Many More….
No. of Pages: – 120
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