Market Size of Molecular Sieves Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 4.02 Billion |
| Market Size (2029) | USD 5.06 Billion |
| CAGR (2024 - 2029) | > 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Molecular Sieves Market Analysis
The Molecular Sieves Market size is estimated at USD 4.02 billion in 2024, and is expected to reach USD 5.06 billion by 2029, growing at a CAGR of greater than 4.5% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020. Due to the pandemic, many molecular sieve manufacturers and raw material manufacturers extended the closure of all their operations at their manufacturing locations. However, the industries picked up speed in the post-pandemic era and were expected to keep doing so during the forecast period.
Over the short term, major factors driving the market's growth include rising awareness for treating hazardous organic materials in wastewater and their extensive application as catalysts in petroleum and petrochemical products.
Conversely, the threat from chemical composites, enzymes, and other substitutes will hinder the market's growth.
Developing anti-microbial zeolite molecular sieves is likely to be an opportunity.
Asia-Pacific dominated the global market, with the largest consumption from countries such as China and India.
