Zeolite Molecular Sieve Market Size, Share, Growth Analysis, By Application(Detergents, Catalysts, and Others), By Raw material(Natural zeolite and synthetic zeolite), By End user(Agricultural Products, Air Purification, Automobile Industry, Cosmetics), By Region - Industry Forecast 2024-2031

Zeolite Molecular Sieve Market Drivers

Zeolite Molecular Sieve demand in Petroleum Industry to Bolster its Growth

• The molecular sieve made of zeolite is frequently used as a catalyst in several chemical processes. The market is driven by the rising demand for zeolite molecular sieve from the petroleum industry. Zeolite molecular sieve is essential for residential and commercial wastewater treatment, a task that has grown to be very difficult in recent years. Zeolites are the most well-known adsorbents because activated carbon has a high rate of regeneration and high production costs, which have a positive market impact.

• Zeolite molecular sieves are anticipated to be most widely used in the detergent market segment. Zeolite molecular sieves are in greater demand from the detergent business as customers become more aware of the benefits of using eco-friendly detergents. Traditionally, detergents were made using sodium tripolyphosphate (STTP). However, the use of STTP raised questions about water contamination because of the rapid proliferation of undesirable water vegetation in the sewers. As a result, zeolite molecular sieves have been used in detergents instead of STTP, which has increased demand for the detergent application.

Zeolite Molecular Sieve Market Restraints

High Cost to Hinder Market Growth

The market is not growing as quickly as it should due to the high cost of molecular sieves. Furthermore, the market's growth is being hampered by the lack of availability and preference for alternative products such as silica gel, calcium sulphate, calcium oxide, montmorillonite, and others, which have low costs and satisfactory performance.

• The Covid-19 pandemic has disrupted global chemical and materials supply chains, manufacturing operations, and international trade. Production has been disrupted due to global security tightening as well as production disruptions.