According to a recently published report, the Global Zeolite Molecular Sieve Market is expected to grow at the CAGR of 4.14% during 2015-2022 and it estimated to be $4.32 billion by 2022. The Global Zeolite Molecular Sieve market is segmented on the basis of: by industry applications and by geography. The report on Global Zeolite Molecular Sieve Market forecast 2015-2022 provides detailed overview and predictive analysis of the market.
The Global Zeolite Molecular Sieve market is projected to grow due to increasing outputs of refineries and rising demand for adsorbents worldwide research. The global market of zeolite molecular sieve is expected to grow on account of several factors like increasing demand in manufacturing detergent and catalysts. In addition to that, it is also extensively used as an absorbent on account of its sieve-like structure. Rising demand for detergents on account of rising hygiene awareness among consumers is expected to drive demand as a builder in liquid and powder detergents. In addition, expansion of oil & gas industries coupled with growing demand for catalysts that provide higher yield is expected to augment zeolite molecular sieve market over the forecasted period. However, presence of enzymes, metals and other chemical compounds as substitute of zeolite catalysts is expected to hamper market growth of Zeolite Molecular Sieve.
Full report available Global Zeolite Molecular Sieve Market forecast 2015-2022 report at http://briskinsights.com/report/zeolite-molecular-sieve-market
Segment wise, the detergents market is the largest segment of zeolite molecular sieve market presently among application segment, due to extensive use of it as binders in detergents and Catalysts segment is anticipated to be the fastest growing segment within the global zeolite molecular sieve industry due to the expansion of oil & gas industries. Geographically, Europe dominates the Global Zeolite Molecular Sieve Market and it is expected to continue dominate the market over forecasted period followed by Asia-Pacific that is expected to witness the fastest growth within the industry over the forecast period due to rising demand for detergents and catalysts. Rising focus on environmental protection by numerous regional governments has resulted in a growing utilization of zeolites for water purification and purifying gas streams in region.
The significant players in the Global Zeolite Molecular Sieve Market include Tosoh Corporation, Arkema Group, BASF SE, UOP, Dalian Haixin Chemical Industrial Co, Grace Catalysts Technologies, Zeox Corporation, Chemiewerk Bad Köstritz, Tricat Group, UOP LLC, and Union Showa K K etc.
Release ID: 782