Zeolite Molecular Sieve Market size over $4.4 Billion by 2023: Global Market Insights, Inc.
Zeolite Molecular Sieve Market size was 1.87 Million tons for 2015, as per the latest research report by Global Market Insights, Inc. Growing detergents demand owing to rising hygiene awareness among consumers may drive global zeolite molecular sieve market size.
Global zeolite molecular sieves market size may register USD 4.43 Billion by 2023. Increasing water treatment activities for purification may drive product demand as adsorbents.
Presence of enzymes, metals and other chemical compounds as substitute to zeolite catalysts may hamper market growth. Emergence of sieve infused with antimicrobial silver will pave way for growth opportunities over the next decade.
Zeolite molecular sieve recycling and recovery is relatively easy and low cost. Furthermore, the non toxic nature of these products results in fewer harmful emissions into the environment making it a more viable option as compared to other chemicals. The product has higher efficiency and yield fewer impurities
Increasing petroleum derivatives demand including fuel and polymers may drive demand. Zeolites are used as adsorbents primarily for filtration and separation owing to small pore size and hydrophilic/hydrophobic nature. Growing adsorbents demand in water treatment, gas separation and air drying applications may positively influence zeolite molecular sieves market.
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