MOLECULAR SIEVE CATALYST MARKET ANALYSIS

Regional Analysis

Market Outlook

Asia Pacific exhibited significant growth in the global molecular sieve catalyst market in 2017. This is owing increasing footprint of local and other major players in this region. For instance, in 2017, Arkema Group opened a specialty molecular sieve facility at its Honfleur site in France. This facility is expected to cater to customers in the Asia Pacific and Middle East region.

Europe is expected to account for a significant share in terms of revenue, in the global molecular sieve catalyst market over the forecast period. One of the factors aiding in growth of the market in this region is increasing investment in production of molecular sieve catalyst by key players in the region. For instance, in 2017, BASF SE invested in producing specialty zeolites at its Ludwigshafen, Germany site. These zeolites will be used to produce emission catalysts for light and heavy duty vehicles. Moreover, in 2016, Silkem Ltd. developed activated zeolite molecular sieve products under its Asorbio brand name. These molecular sieve contain intra-crystalline water in their structures, which can be removed by thermal treatment.

North America contributed a significant share in the global molecular sieve catalyst market in 2017. Growing oil and gas sector is expected to drive growth of the molecular sieves catalyst market in this region. Also, increasing investment by key players in the region to expand production facilities is expected to aid in growth of the market in North America. For instance, in 2012, UOP LLC, a Honeywell company, invested US$ 20 million for expanding its production facility in Mobile, Alabama, for producing catalysts and adsorbents, which are used by the refiners and petrochemical producers.