Market Trends of Zeolite Molecular Sieves Industry
This section covers the major market trends shaping the Zeolite Molecular Sieves Market according to our research experts:
Detergent Segment to Dominate the Market Demand
- The detergent market segment stands to be the largest consumerfor zeolite molecular sieves. With the increasing awareness among the consumers aboutthe use of environment-friendly detergents, the demand for zeolite molecular sieves from the detergent industry has increased.
- Conventionally, sodium tripolyphosphate (STTP) were used in the production of detergents. However, water pollution, due to the accelerated growth of unwanted water flora in the sewers, became a concern related to the use of STTP.
- Owing to this, zeolite molecular sieves has been replacing the use of STTP in detergents, which has been driving the demand for the detergent application.
- With the growing population, rising disposable income, increasing hygiene concerns, and increasing demand for industrial detergents, the detergent industry has been witnessing noticeable growth.
- Hence, in order to cater to the increasing demand, the detergent industry demand for zeolite molecular sieves is expected to increase in the coming years.
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Europe to Dominate the Market
- European region dominated the global market share. Zeolite molecular sieves application is generally at a more advanced level in the region.
- Growing demand for gasoline in the region is raising the refining activities through fluidized catalytic cracking units, which, in turn, is boosting the demand for zeolite molecular sieves in the region.
- Europe is well known for investing heavily in research and development, and continuous innovations for developing advanced technologies and products.
- In this regard, the region is now focusing on the development of anti-microbial zeolite molecular sieves, which is further likely to add to the growth of the market in the coming years.
- Also, the demand from industries, such as detergents, heating and refrigeration industry, industrial gas, petrochemicals, and pharmaceuticals, in the region is likely to further drive the growth of the zeolite molecular sieves market in the coming years.
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