Global Molecular Sieve Desiccants Market Research Report Forecast to 2024
Global Molecular Sieve Desiccants Market: Information by Form (Beads, Pellets and Powder), Type (3A, 4A, 5A, 13X and others), Application (Refinery; Industrial Drying; Air Brakes; Packaging; Coatings, Adhesives, Sealants & Elastomers; Refrigerant; Insulation Glass and others) and Region (Asia-Pacific, North America, Europe, Latin America and the Middle East & Africa) - Forecast till 2024
Generally, molecular sieves desiccants are synthetic zeolite materials engineered with pores of uniform sizes and structures. They work by adsorbing gas or liquid molecules that are smaller than the effective diameter of the pores while excluding molecules that are larger than the openings. The distinctive feature of molecular sieves desiccants is the aptitude to adsorb gases and liquids founded on the molecular size and division. Additional, owing to the crystalline configuration of molecular sieve desiccants, it is more active as associated to silica gel and alumina. The other features of molecular sieve desiccants are high adsorption, well-organized adsorption even at elevated temperatures and low relative humidity, and no desorption phenomenon. The four major types of molecular sieves are 3A, 4A, 5A, and 13X. The type varies by the molecule’s chemical formula, and it regulates the pore magnitude of the molecular sieve. Some of the major request areas of the molecular sieve are in the oil & gas, packaging, automotive, coatings, and adhesives businesses, as well as sealants & elastomers, manufacturing drying, refrigerants, and insulation glass. The Global Molecular Sieve Desiccants Market was valued at USD 513.7 Million in 2018 and is predictable to display a CAGR of around 6.53% to reach around USD 746.7 Million by the end of 2024. The usual trend experiential in the global molecular sieve desiccants market is the use of molecular sieve desiccant bags or packets in consumer goods and packaged products. The important factor driving the growth of the global molecular sieve desiccants market is the high-performance characteristics of molecular sieves. Additionally, to this, the high request for molecular sieves in the oil & gas and automotive & transportation industries is also contributing to the development of the global molecular sieve desiccants market. The growing pharmaceutical industry is likely to create rewarding growth occasions for the players functioning in the global molecular sieve desiccants market during the said period.
The global molecular sieve desiccants market has been segmented by application, form, type and region. By application, the refinery section conquered the molecular sieve desiccants market in year 2018 owing to the extensive use of molecular sieve desiccants for purification and dehydration of aliphatic hydrocarbons, aromatic hydrocarbons, synthetic gas and removal of mercaptans, CO2, H2S, and other impurities. The segment was valued at USD 238,854.0 thousand in 2018. Value Preposition. The report also covers customer analysis as well as pricing analysis. The superior performance features of molecular sieves are the primary development drivers to the global molecular sieve desiccants market. They are unnaturally plotted porous crystalline aluminosilicates that display a strong attraction for specifically sized molecules. The decisive feature of the molecular sieve as likened to other desiccant media is the uniformity of its pore size openings. There is no pore size distribution with molecular sieves, as the pore size on the molecular sieve elements can be precise during the business process. By form, the bead section settled for the major share of 54.5% in 2018 due to its moderately large-scale ingesting transversely various business verticals. The section was esteemed at USD 280 million in 2018. Based on type, the 4A segment settled for the major share in 2018 owing to its little charge on account of its virgin state and no processing requirement. The segment is predictable to register a CAGR of around 7% during the said forecast period.
Geographically the Global molecular sieve desiccants market is split in regions like North & Latin America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. North America held the second-main market part of 28% in 2018 due to the development of the oil & gas and petrochemical businesses in the area. The US accounted for the chief market share of the regional market. Asia-Pacific held the principal market share of around 38.4% in 2018 due to quick development in the region. The market was valued at around USD 190 million in 2018. China accounted for the largest market share by country in 2018 and is predictable to register the highest CAGR of over 8% during the forecast period. India was the second-major market in 2018 and is predictable to exhibit a CAGR of around 7% during the said forecast period.
The proposed spectators in the Global molecular sieve desiccants market are Molecular sieve desiccants manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global molecular sieve desiccants market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global molecular sieve desiccants market are companies like Dalian Haixin Chemical Industrial Co.,Ltd (China), Zeochem AG (Switzerland), SORBEAD INDIA (India), Tosoh Corporation (Japan), Arkema (France), BASF SE (Germany), Honeywell International Inc (US), W. R. Grace & Co (US), Van Air, Inc (US), JIUZHOU CHEMICALS (China), KNT Group (Russia), Brownell Limited (UK), Merck KGaA (Germany), MolsivCN (China), Axens (France), UNION SHOWA K.K. (Japan), MTE Suzhou Co., LTD (China), Interra Global (US), GIEBEL FilTec GmbH (Germany) and Hengye Molecular Sieve Co., Ltd (China).
Market analysis
Generally, molecular sieves desiccants are synthetic zeolite materials engineered with pores of uniform sizes and structures. They work by adsorbing gas or liquid molecules that are smaller than the effective diameter of the pores while excluding molecules that are larger than the openings. The distinctive feature of molecular sieves desiccants is the aptitude to adsorb gases and liquids founded on the molecular size and division. Additional, owing to the crystalline configuration of molecular sieve desiccants, it is more active as associated to silica gel and alumina. The other features of molecular sieve desiccants are high adsorption, well-organized adsorption even at elevated temperatures and low relative humidity, and no desorption phenomenon. The four major types of molecular sieves are 3A, 4A, 5A, and 13X. The type varies by the molecule’s chemical formula, and it regulates the pore magnitude of the molecular sieve. Some of the major request areas of the molecular sieve are in the oil & gas, packaging, automotive, coatings, and adhesives businesses, as well as sealants & elastomers, manufacturing drying, refrigerants, and insulation glass. The Global Molecular Sieve Desiccants Market was valued at USD 513.7 Million in 2018 and is predictable to display a CAGR of around 6.53% to reach around USD 746.7 Million by the end of 2024. The usual trend experiential in the global molecular sieve desiccants market is the use of molecular sieve desiccant bags or packets in consumer goods and packaged products. The important factor driving the growth of the global molecular sieve desiccants market is the high-performance characteristics of molecular sieves. Additionally, to this, the high request for molecular sieves in the oil & gas and automotive & transportation industries is also contributing to the development of the global molecular sieve desiccants market. The growing pharmaceutical industry is likely to create rewarding growth occasions for the players functioning in the global molecular sieve desiccants market during the said period.
Market segmentation
The global molecular sieve desiccants market has been segmented by application, form, type and region. By application, the refinery section conquered the molecular sieve desiccants market in year 2018 owing to the extensive use of molecular sieve desiccants for purification and dehydration of aliphatic hydrocarbons, aromatic hydrocarbons, synthetic gas and removal of mercaptans, CO2, H2S, and other impurities. The segment was valued at USD 238,854.0 thousand in 2018. Value Preposition. The report also covers customer analysis as well as pricing analysis. The superior performance features of molecular sieves are the primary development drivers to the global molecular sieve desiccants market. They are unnaturally plotted porous crystalline aluminosilicates that display a strong attraction for specifically sized molecules. The decisive feature of the molecular sieve as likened to other desiccant media is the uniformity of its pore size openings. There is no pore size distribution with molecular sieves, as the pore size on the molecular sieve elements can be precise during the business process. By form, the bead section settled for the major share of 54.5% in 2018 due to its moderately large-scale ingesting transversely various business verticals. The section was esteemed at USD 280 million in 2018. Based on type, the 4A segment settled for the major share in 2018 owing to its little charge on account of its virgin state and no processing requirement. The segment is predictable to register a CAGR of around 7% during the said forecast period.
Regional analysis
Geographically the Global molecular sieve desiccants market is split in regions like North & Latin America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. North America held the second-main market part of 28% in 2018 due to the development of the oil & gas and petrochemical businesses in the area. The US accounted for the chief market share of the regional market. Asia-Pacific held the principal market share of around 38.4% in 2018 due to quick development in the region. The market was valued at around USD 190 million in 2018. China accounted for the largest market share by country in 2018 and is predictable to register the highest CAGR of over 8% during the forecast period. India was the second-major market in 2018 and is predictable to exhibit a CAGR of around 7% during the said forecast period.
Major players
The proposed spectators in the Global molecular sieve desiccants market are Molecular sieve desiccants manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global molecular sieve desiccants market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global molecular sieve desiccants market are companies like Dalian Haixin Chemical Industrial Co.,Ltd (China), Zeochem AG (Switzerland), SORBEAD INDIA (India), Tosoh Corporation (Japan), Arkema (France), BASF SE (Germany), Honeywell International Inc (US), W. R. Grace & Co (US), Van Air, Inc (US), JIUZHOU CHEMICALS (China), KNT Group (Russia), Brownell Limited (UK), Merck KGaA (Germany), MolsivCN (China), Axens (France), UNION SHOWA K.K. (Japan), MTE Suzhou Co., LTD (China), Interra Global (US), GIEBEL FilTec GmbH (Germany) and Hengye Molecular Sieve Co., Ltd (China).
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