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(Construction.IndustryNews247.Com, September 17, 2018 ) Industry Outlook and Trend Analysis
The Molecular Sieves Market has encountered significant development in the recent years and is foreseen to develop tremendously over the forecast period. Molecular sieves are adsorbents and can be used as desiccants. These sieves have broad uses in different applications, for example, petrochemicals, construction, oil and gas, process, and different businesses including packaging, paints and coating, and automotive. Molecular sieve-based adsorbents discover application in the chemical business and are used to control the dew point of natural gases, functioning as a dampness level indicator. Likewise, molecular sieves can be reused by dispensing the absorbed gas or fluid. The rising environmental issues have prompted developing frequencies in clean foundry additives solutions, water treatment, power plants, and biodiesel purification, which therefore boost the demand of molecular sieves.
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Grade Outlook and Trend Analysis
Grade 3A molecular sieves commanded the market and represented the biggest share of the overall industry in 2015. These are composed when potassium particles ions replace sodium ions in the molecular sieve's crystal structure. Molecular sieve 3A is majorly used to expel moisture from gases that are liquefied inferable from its benefits, for example, high resistance from contamination, high defilement protection, and high number of use cycles that offer a long life of the product.
End User Outlook and Trend Analysis
The molecular sieves market in the oil and gas industry is observing enormous development and is foreseen to continue growing significantly amid the figure time frame. Molecular sieves are essentially used for the dehydration and purification of gases in the oil and gas industry. These sieves are used as a part of the filtration procedure because of their high adsorption capacities.
Regional Outlook and Trend Analysis
APAC is the biggest revenue contributing area to the worldwide market for molecular sieves and will proceed with its strength over the anticipated period. India, Japan, and China are the major nations who are progressively demanding molecular sieves for gas refining and air separation sections. Many upcoming nuclear projects in the area combined with the expanding safety measures for existing nuclear plants in Japan are foreseen to drive the demand for molecular sieves in APAC.
Competitive Insights
The leading players in the market are BASF, CECA, CU Chemie Uetikon, Clariant, UOP LLC, W. R. Grace and Company, Union Showa K.K, Axens SA and KNT Group. Set apart by the presence of wide number of players, the worldwide molecular sieves market is exceedingly fragmented and competitive. Major players rule the market and will continue to dominate in the upcoming years on the basis of price, operational cost, innovation and quality.
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The Molecular Sieves Market is segmented as follows-
By Grade:
3A
4A
13X
Other grades including 5A and 10X
By End User:
Petrochemical
Process
Oil and gas
Construction
By Region
North America
The U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
The Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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