China Zeolite Molecular Sieve Market size will witness moderate growth at over 2.5% CAGR from 2016 to 2023rd
Zeolite Molecular Sieve Market size is expected to reach USD 4.4 billion by 2023; According to a new research report by Global Market Insights, Inc.
Detergent industry expansion due to a growing consumer base and increased disposable income across the globe should drive global zeolite molecular sieve market growth. Rising energy consumption. These products are ion exchange builders in detergent production, with high adsorption capacity and chemical stability. Other end uses of zeolite molecular sieve market include natural gas, refining, petrochemical and air drying.
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Recycling and recovery of zeolite molecular sieve is easy and incurs less cost. Products also show higher efficiency and yields. In fact, this is not the case. They are used in reforming, hydro processing and cracking process in refining industry.
US molecular sieve market size can register close to 260 kilo tons by 2023. Market will be fueled by growth of catalyst application. Increasing the value of the total market in 2015.
Expansion of oil refining capacities to capture local market share has been a new trend among major market players especially in the Asian countries. This step is the best solution for the market.
Key inputs used in the production of zeolite molecular sieves include aluminum, silica & kaolin, these raw materials are also used in ceramics, paper as well as in fabrication. This can be the result of our product development. In addition, this product has a negative impact on profitability of the product manufacturers.
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Key insights from the report include:
Turkey zeolite molecular sieve market size for catalyst applications what about 7 kilos in 2015 owing to increased foreign investment from major chemical manufacturers including Socar and Henkel.
India zeolite molecular sieve market from adsorbent application expects gain at over 7% owing to its increased use in oil refining industry. China molecular sieves market from the application of the chemical industry.
Latin America, driven by the Brazilian zeolite molecular sieve market accounted for more than 35% of the total market share in 2015 owing to increased number of wastewater treatment plants in the country.
MEA zeolite molecular sieve market will be driven by Qatar and should CAGR over 2% during the forecast timeframe. Qatar oil and gas industry will continue to grow in the next few years. Oil and petroleum products.
Global zeolite molecular sieve market is moderately consolidated with local and international market players. BASF, Interra global Arkema and UOP LLC are key notable companies.
Other industrial participants include Zeochem AG, Tricat, KNT, Zeox, Union Showa, Dalian Haixin, Chemiewerk Bad Kostritz and Yingkou Zhongbao, Grace Catalysts, Anhui Mingmei MinChem.
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Global Market Insights, Inc., headquartered in Delaware, US, is a global market research and consulting service provider; Offering syndicated and custom research reports. Our business intelligence and industry research reports provide clients with penetrative insights and actionable market data. These exhaustive reports are designed using a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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