DUBLIN--(BUSINESS WIRE)--The "Molecular Sieves - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Molecular Sieves estimated at US$3.6 Trillion in the year 2020, is projected to reach a revised size of US$5.1 Trillion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Petroleum Refining & Petrochemicals, one of the segments analyzed in the report, is projected to grow at a 6.1% CAGR to reach US$2.7 Trillion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Waste & Water Treatment segment is readjusted to a revised 5.3% CAGR for the next 7-year period. This segment currently accounts for a 18% share of the global Molecular Sieves market.
The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 7.9% CAGR for the Period of 2020-2027
The Molecular Sieves market in the U. S. is estimated at US$981 Billion in the year 2020. The country currently accounts for a 27.09% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.1 Trillion in the year 2027 trailing a CAGR of 7.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR while Rest of European market (as defined in the study) will reach US$1.1 Trillion by the year 2027.
Air Purification Segment Corners a 13.9% Share in 2020
In the global Air Purification segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$379.2 Billion in the year 2020 will reach a projected size of US$507.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$678.1 Billion by the year 2027, while Latin America will expand at a 5.7% CAGR through the analysis period. The publisher brings years of research experience to this 5th edition of our report. The 189-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Arkema Group
- BASF SE
- Cabot Corporation
- Calgon Carbon Corporation
- Carbotech AC GmbH
- Clariant AG
- Dalian absorbent Co., Ltd
- Desicca Chemicals Pvt. Ltd.
- Graver Technologies LLC
- Hengye Molecular Sieve Co., Ltd.
- Honeywell International, Inc.
- Knt Group
- Luoyang Jianlong Micro-nano New Materials Co., Ltd.
- Merck & Co., Inc.
- Shanghai Jiuzhou Chemicals Co., Ltd
- Solvay Chemicals, Inc.
- Sorbead India
- Tosoh Corporation
- Union Showa K. K
- W. R. Grace & Co.
- Zeochem AG
- Zeolyst International
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Molecular Sieves Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 42
For more information about this report visit https://www.researchandmarkets.com/r/i28ad7