Zeolite Molecular Sieve Market To Reach $5.33 Billion By 2030

Zeolite Molecular Sieve Market Growth & Trends

The global zeolite molecular sieve market size is expected to reach USD 5.33 billion by 2030 and is expected to grow at a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for energy coupled with stress on green technologies has resulted in growing demand for zeolite molecular sieves as catalysts for petroleum refining. Higher efficiency and yield, and non-toxicity property of zeolites has resulted in the extensive use of the mineral for catalytic operations. In addition, growing demand for adsorbents owing to rising awareness regarding presence of hazardous organic materials in wastewater is expected to augment zeolite molecular sieve market demand over the forecast period.

Detergents accounted for over 72.8% of the global zeolite molecular sieve market volume share in 2023. Zeolite molecular sieves are used in detergents owing to its ability to produce demineralized water through calcium ion exchange which helps in the removal of any kind of dirt. This has resulted in a tremendous demand for zeolite molecular sieves from detergent segment. Zeolite molecular sieves being increasingly used in the petroleum industry as catalysts which is anticipated to drive market growth.

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Zeolite Molecular Sieve Market Report Highlights

• The catalysts segment is expected to grow at the fastest CAGR of 7.0% over the forecast period. Increasing industrial use of zeolite molecular sieve as catalysts in the petroleum industry has resulted in driving market growth over the past few years and the trend is anticipated to continue over the forecast period. Zeolite molecular sieves are used for cracking of petroleum as it causes certain structural changes during the chemical reaction which helps in manufacturing petrochemicals.

• The detergents segment dominated the market and accounted for a share of 72.8% in 2023.

• Asia Pacific is expected to be a lucrative market, which accounted for 34.5% of global zeolite molecular sieve market volume in 2023. Growing demand for refrigerants and detergents, and an increasing utilization of zeolites in advanced processing methods in nuclear industry for the removal of nuclear waste is expected to have a positive impact in the region over the forecast period.

Zeolite Molecular Sieve Market Segmentation

Grand View Research has segmented the global zeolite molecular sieve market report based on application and region:

Zeolite Molecular Sieve Application Outlook (Revenue, USD Million, 2018 - 2030)

• Detergents

• Catalysts

• Others

Zeolite Molecular Sieve Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Russia

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

• Central & South America

  • Brazil

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

List of Key Players of Zeolite Molecular Sieve Market

• Albemarle Corporation

• KNT Group

• Tosoh India Pvt. Ltd.

• Union Showa K.K. (Resonac Holdings Corporation)

• BASF

• CLARIANT

• Huiying Chemical Industry (Xiamen) Co., Ltd

• Arkema

• Zeox Corporation

• W. R. Grace & Co.-Conn.