North America Molecular Sieves Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Molecular Sieves Market Analysis
The North America molecular sieve market is estimated to witness a significant growth, at an estimated CAGR of over 5.5%, over the forecast period. One of the major factors driving the growth of the market studied is the increasing demand for processing from the oil and gas industry.
- The rising awareness about the treatment of hazardous organic materials in wastewater is also likely to stimulate the market.
- On the flipside, the threat from chemical composites, enzymes, and other substitutes is expected to hinder the market growth.
- United States is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
North America Molecular Sieves Market Trends
This section covers the major market trends shaping the North America Molecular Sieves Market according to our research experts:
Increasing Usage in the Automotive Industry
- In the automotive industry, molecular sieves are used for air brake, air conditioning, and emission control systems.
- Air brake systems play a crucial role in heavy vehicles, like trucks, train, buses, and off-road vehicles. Due to continuous exposure to atmospheric conditions, like water, humidity, and industrial gases, the air brake freezes or eventually corrodes away.
- Molecular sieve helps to keep the air brake system functional, irrespective of the weather conditions.
- Emission control systems use molecular zeolites to reduce the vehicle emission levels. Zeolites are used to enhance hydrocarbon and CO oxidation, along with reduction in mono-nitrogen oxides. Adsorbents are also used to resolve the emission issues caused due to cold start.
- The automotive industry is looking to use molecular sieve for hydrogen-powered fuel cells mounted in vehicles. Hydrogen can either be compressed or liquefied to store on-board, typically on small vehicles. Hydrogen has low density, which directly increases its volume. Liquefaction of hydrogen needs an extreme cooling and excellent insulation, which is not feasible in small vehicles. Hence, use of porous adsorbents that can hold hydrogen by physisorption is a good option for this industry.
- All the aforementioned factors, in turn, are expected to increase the demand for the molecular sieves market in the region.
United States to Dominate the Market
- The United States is one of the industrialized countries, with multiple industries in heavy-, medium- and small-scale categories. Thus, the usage of water treatment chemicals is high in almost all industries.
- The United States Environmental protection agency (USEPA) emphasizes on the improvement of water and sewage services, especially in the municipal wastewater treatment area. This scenario is boosting the demand for molecular sieves in waste & water treatment applications.
- Crude oil refining capacities in the United States is increasing at a significant rate, simultaneously driving the demand for molecular sieves in distillation operations.
- The FDA, also known as the United States Food and Drug Administration, has cleared the path for the use of sieves in consumable items. This is expected to boost the use of sieves in the food and drug industry.
- Furthermore, the zeolite molecular sieves in the United States are used as surfactants, interfacing agents, adsorbents, and for filtration purposes.
North America Molecular Sieves Industry Overview
North American molecular sieve market is partially consolidated among the top five players. Major players in the market include Honeywell International Inc, Arkema Group, Zeochem, W. R. Grace & Co.-Conn., and Tosoh Corporation, among others.
North America Molecular Sieves Market Leaders
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Honeywell International Inc
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Arkema Group
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Zeochem
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W. R. Grace & Co.-Conn.
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Tosoh Corporation
*Disclaimer: Major Players sorted in no particular order
North America Molecular Sieves Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Demand for Processing from the Oil and Gas Industry
- 4.1.2 Rising Awareness Regarding the Treatment of Hazardous Organic Materials in Wastewater
-
4.2 Restraints
- 4.2.1 Threat from Chemical Composites, Enzymes, and Other Substitutes
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Shape
- 5.1.1 Pelleted
- 5.1.2 Beaded
- 5.1.3 Powdered
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5.2 Size
- 5.2.1 Microporous
- 5.2.2 Mesoporous
- 5.2.3 Macroporous
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5.3 Product Type
- 5.3.1 Carbon
- 5.3.2 Clay
- 5.3.3 Porous Glass
- 5.3.4 Silica Gel
- 5.3.5 Zeolite
- 5.3.6 Other Product Types
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5.4 End-user
- 5.4.1 Automotive
- 5.4.2 Cosmetics and Detergent
- 5.4.3 Oil and Gas
- 5.4.4 Pharmaceutical
- 5.4.5 Waste and Water Treatment
- 5.4.6 Other End-users
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5.5 Geography
- 5.5.1 United States
- 5.5.2 Canada
- 5.5.3 Mexico
- 5.5.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Arkema Group
- 6.4.2 Axens
- 6.4.3 BASF SE
- 6.4.4 Cabot Corporation
- 6.4.5 Calgon Carbon Corporation
- 6.4.6 Clariant
- 6.4.7 W. R. Grace & Co.-Conn.
- 6.4.8 Graver Technologies
- 6.4.9 Honeywell International Inc
- 6.4.10 Merck KGaA
- 6.4.11 Solvay
- 6.4.12 Tosoh Corporation
- 6.4.13 Zeolyst International
- 6.4.14 Eurecat (Tricat Group)
- 6.4.15 Zeochem
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Nano-size Zeolite Molecular Sieves for Medical Oxygen Concentration
- 7.2 Development of Anti-microbial Zeolite Molecular Sieves
North America Molecular Sieves Industry Segmentation
The North America molecular sieve market report includes:
| Shape | Pelleted |
| Beaded | |
| Powdered | |
| Size | Microporous |
| Mesoporous | |
| Macroporous | |
| Product Type | Carbon |
| Clay | |
| Porous Glass | |
| Silica Gel | |
| Zeolite | |
| Other Product Types | |
| End-user | Automotive |
| Cosmetics and Detergent | |
| Oil and Gas | |
| Pharmaceutical | |
| Waste and Water Treatment | |
| Other End-users | |
| Geography | United States |
| Canada | |
| Mexico | |
| Rest of North America |
North America Molecular Sieves Market Research FAQs
What is the current North America Molecular Sieve Market size?
The North America Molecular Sieve Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in North America Molecular Sieve Market?
Honeywell International Inc, Arkema Group, Zeochem, W. R. Grace & Co.-Conn. and Tosoh Corporation are the major companies operating in the North America Molecular Sieve Market.
What years does this North America Molecular Sieve Market cover?
The report covers the North America Molecular Sieve Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Molecular Sieve Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Molecular Sieve Industry Report
Statistics for the 2024 North America Molecular Sieve market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Molecular Sieve analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
