Report ID: SQMIG15E2147
Report ID:
SQMIG15E2147 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|
Tables:
92 |
Figures:
76
The European region held the majority of the global market share. The region's use of zeolite molecular sieves is generally more advanced. Rising gasoline demand in the region is increasing refining activities via fluidized catalytic cracking units, which is increasing demand for zeolite molecular sieves in the region. Europe is well known for investing heavily in R&D and continuous innovation in order to develop advanced technologies and products. In this regard, the region is now focusing on the development of antimicrobial zeolite molecular sieves, which is expected to contribute to market growth in the coming years. In addition, the region's demand from industries such as detergents, heating and refrigeration, industrial gas, petrochemicals, and pharmaceuticals is increasing. Due to rising demand for detergents and catalysts, Asia-Pacific is expected to experience the fastest growth in the market over the forecasted period. As governments place a greater emphasis on environmental protection, zeolites are increasingly being used to purify gas streams and water. Rising infrastructure spending in countries such as India and China is expected to boost market growth due to increased usage in the production of lightweight construction materials as well as being an important ingredient in the production of asphalt concrete mix. The Asia Pacific region dominates the zeolite molecular sieve market. Because of the increasing use of zeolite molecular sieve in petrochemical industries, the market for zeolite molecular sieve is expected to grow in regions such as the Middle East and Africa. The high cost of zeolite molecular sieve may act as a barrier to the market's growth.
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Report ID: SQMIG15E2147