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2023

Carbon Molecular Sieves Market

Carbon Molecular Sieves Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Adsorption Cycle 60s , Adsorption Cycle 120s , Others), by Application (Gas Separation, Biogas Upgrading, Noble Gas Recovery, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

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Author's: Bhagyashri Shivaji Patil| Devashree Patwardhan | Eswara Prasad
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Carbon Molecular Sieves Market Research, 2031

The global carbon molecular sieves market was valued at $0.9 billion in 2021, and is projected to reach $1.4 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.

KEY HIGHLIGHTERS

  • The carbon molecular sieves market has been analyzed in both value and volume. The value of the carbon molecular sieves market is analyzed in $millions while the volume is analyzed in kilo tons.
  • Global carbon molecular sieves market is fragmented in nature with many players such as ACURO ORGANICS LIMITED, Huzhou Minqiang New Material Technology Co., Ltd., Kuraray Co., Ltd., Osaka Gas Chemicals Co., Ltd., RXChemicals, SINOCATA, Sorbead India, Weihai Huatai Molecular Sieve Co. Ltd., Huzhou Qiangda Molecular Sieve Technology Co., Ltd., and Zhejiang Changxing Haihua Chemical Co., Ltd. Also tracked key strategies such as product launches, acquisitions, mergers, expansion etc. of various manufacturers of Carbon molecular sieves.
  • Included more than 20 countries in the report which covers market volume as well as market value for all the countries of carbon molecular sieves market.
  • Covered the detailed list of manufacturers by application of carbon molecular sieves market. It covers the product information, application, and geographical presence of the companies.
  • Conducted primary interviews with raw material suppliers, wholesalers, suppliers, and manufacturers of carbon molecular sieves market to understand the market trends, growth factors, pricing, and key players competitive strategies.

Carbon Molecular Sieves Market

Carbon molecular sieves belong to the group of microporous materials characterized by relatively high adsorption capacity and selectivity towards a wide spectrum of gases. They possess an amorphous structure with a well-developed surface area and a pore size comparable to the effective diameter of small molecules. For example, the molecular sieves used for the separation of nitrogen from the air are materials having a pore size within the range of 0.3-0.5 nm. This feature differentiates them from typical carbonaceous adsorbents, featuring wide pore size distribution.  

Specific properties of carbon molecular sieves are the reason why these materials found application as adsorbents for the separation of gas mixtures, especially air. In fact, carbon-based molecular sieves play a fundamental role in the commercialization of the pressure swing adsorption process (PSA) used for the separation of nitrogen from the air. 

The hydrophobic character of molecular sieves’ surface and high resistance to acidic and basic media increased their competitiveness for use as adsorbents for the separation of gases. They proved themselves even in such processes as the separation of gaseous mixtures where the critical size of molecules differed only by 0.02 nm. The possibility to control molecular sieve properties during their preparation is the next reason for the interest in these materials as industrial adsorbents.  

The increasing demand for CMS in pressure swing adsorption (PSA) and other applications throughout the globe is driving the growth of the carbon molecular sieves (CMS) market. Furthermore, rising demand for high nitrogen gas generation type and low air consumption type CMS is propelling this market ahead. Furthermore, the high nitrogen gas generation type segment is expected to dominate the market. This type of CMS is heavily used in the production of high-purity nitrogen gas, which is used in various industries, such as steel and automotive, for various applications. Molecular sieves are microporous and of high surface area, 200–1200m2/g. They are used primarily for the separation of inorganic gases, C1–C3 hydrocarbons, and for the separation of small polar molecules such as water, formaldehyde, and hydrogen sulfide. Thus, increasing demand for CMS from various applications will boost the market growth over the projection period.  

Lucrative use of nitrogen in various end-use industries  

Carbon Molecular Sieve (CMS) is an amorphous solid adsorbent. It is notable for having a nano-structure pore size distribution that enables it to separate molecules according to their shape and size. As a result, it is employed in the production of high purity nitrogen employing pressure swing adsorption (PSA) plant technology. The PSA process provides access to an internal, independent, high-efficiency, low-cost nitrogen supply for a wide range of applications.

Nitrogen is used in the metallurgy industry in annealing. The process of nitrogen annealing involves heat treating metal to lessen its hardness and increase its ductility. Annealing reduces the metal's crystal structure. Typically, annealed metals are superior for generating electricity. In the annealing process, nitrogen gas mixtures are frequently utilized. As an inert gas, nitrogen is employed to provide an inert atmosphere inside the furnace during the heating and cooling operation. Nitrogen is a vital gas to neutralize the environment because oxygen blasting, which is used in furnaces, causes oxidation and chemical reactions. Nitrogen is also employed to remove any airborne dangers that can result in an unstable or combustible environment prior to the actual annealing process. 

Nitrogen gas is extensively used in the pharmaceutical industry. Since nitrogen is an inert gas, it is frequently employed to keep oxygen out of spaces, products, and containers. There is no exception for pharmaceutical items. To increase the shelf life of different pharmaceuticals and to ensure their quality and integrity, nitrogen is discharged into their container. Additionally, nitrogen is employed in digital printing for pharmaceutical packaging. For pharmaceutical packing, a nitrogen generator is ideal.

CMS is used as an adsorbent in the nitrogen generator allowing an on-site production of a consistent supply of nitrogen, eliminating any dependence on outside suppliers. Additionally, an on-site nitrogen generator eliminates downtime and assures that the required nitrogen purity (99.999% in this application) is always available. Furthermore, most of the oxygen is forced out of certain areas in many pharmaceutical or medical centers using nitrogen blankets. As a result, nitrogen significantly lowers the probability of combustion and fire and prevents products and machinery from oxidizing. 

Nitrogen also finds its usage in the rubber industry as it is used in the curing process of tires. The final shape and thread pattern of the tires are helped by curing. The pressure in the system is maintained at the desired level by nitrogen, a flexible inert gas. Many government authorities are implementing the use of nitrogen in tires. For instance, in July 2019, the Indian Government made it mandatory for manufacturers to mix silicon with rubber to improve quality of tires and use of nitrogen in them to help prevent road accidents. Therefore, these excellent uses of nitrogen in various end-use industries produced by using CMS have boosted the demand for carbon molecular sieves market worldwide

The carbon molecular sieves market is segmented on the basis of type, application and region. On the basis of type, the global carbon molecular sieves market is classified into adsorption cycle 60s, adsorption cycle 120s, and others. By  application, it is categorized into gas separation, biogas upgrading, noble gas recovery and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA 

The major players operating in the industry include ACURO ORGANICS LIMITED, Huzhou Minqiang New Material Technology Co., Ltd., Kuraray Co., Ltd., Osaka Gas Chemicals Co., Ltd., RXChemicals, SINOCATA, Sorbead India, Weihai Huatai Molecular Sieve Co. Ltd., Huzhou Qiangda Molecular Sieve Technology Co., Ltd., and Zhejiang Changxing Haihua Chemical Co., Ltd. These players have adopted product launch as their key strategy to increase their market shares.

Carbon Molecular Sieves Market by Type

On the basis of type, the adsorption cycle 120s segment was the largest revenue contributor in 2021 and is anticipated to register the highest CAGR of 5.5% during the forecast period owing to many players are offering their products having adsorption cycle of 120 seconds. For instance, AGC CHEMICALS PVT. LTD. provides CMS pellet-shaped with diameter of about 1.0-1.6mm and adsorption cycle of 120 seconds. 

Carbon Molecular Sieves Market by Application

On the basis of application, the gas separation segment was the largest revenue contributor in 2021 and is anticipated to register the highest CAGR of 5.6% during the forecast period owing to CMS technology is widely used by nitrogen generators to continuously manufacture ultra-high purity nitrogen.

Carbon Molecular Sieves Market by Region

By region, the Asia-Pacific region segment was the largest revenue contributor in 2021 and is anticipated to register the highest CAGR of 5.7% during the forecast period owing to urbanization, rapid population growth, stringent water treatment regulations, growing demand for new water resources, a focus on public health and water quality, and a rise in the number of waterborne diseases are all contributing factors for the need of water treatment eventually leading to rise in demand for carbon molecular sieves market.

IMPACT OF COVID-19 ON THE GLOBAL CARBON MOLECULAR SIEVES MARKET

  • During COVID-19 pandemic, the companies were fronting obstructions due to intermittent supply chain activities and uncertain market conditions owing to trade restrictions and lockdowns. This negative impact remunerated by surge in demand for carbon molecular sieves in gas and biogas industries.
  • Carbon molecular sieves are widely used in gas separation and other sectors. Gas and Biogas industries have gained momentum and started their production process smoothly. Hence, the demand for carbon molecular sieves has increased post COVID. 

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the carbon molecular sieves market analysis from 2021 to 2031 to identify the prevailing carbon molecular sieves market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the carbon molecular sieves market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global carbon molecular sieves market trends, key players, market segments, application areas, and market growth strategies.

Carbon Molecular Sieves Market Report Highlights

Aspects Details
Market Size By 2031
Market Size By 2031

USD 1.4 billion

Growth Rate
Growth Rate

CAGR of 5.4%

Forecast period
Forecast period

2021 - 2031

Report Pages
Report Pages

400

Carbon Molecular Sieves Market By Type
By Type
  • Adsorption Cycle 60s 
  • Adsorption Cycle 120s 
  • Others
Carbon Molecular Sieves Market By Application
By Application
  • Gas Separation
  • Biogas Upgrading
  • Noble Gas Recovery
  • Others
Carbon Molecular Sieves Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players
Key Market Players

Huzhou Minqiang New Material Technology Co., Ltd., Zhejiang Changxing Haihua Chemical Co.,Ltd., Huzhou Qiangda Molecular Sieve Technology Co., Ltd., Weihai Huatai Molecular Sieve Co. Ltd., ACURO ORGANICS LIMITED, RXChemicals, Osaka Gas Chemicals Co., Ltd., SINOCATA, Kuraray Co., Ltd., Sorbead India

Analyst Review

According to the opinions of various CXOs of leading companies, with an increase in demand for zeolites, the global carbon molecular sieves market is expected to grow during the forecast period. Moreover, technological advancements in carbon molecular sieves membranes will boost the market growth over the projection period. However, the hardening of CMS product may hamper the market growth over the projection period. 

The industry is characterized by a high number of new market entrants that are seeking to tap lucrative opportunities in the global market while existing players are entering into strategic collaborations to increase capacities & expand their reach into emerging markets. The joint venture, merger, and acquisition activities in the industry have increased significantly over the past decade. Companies constantly seek to establish long-term contract agreements with trusted partners for sustainable business operations globally.

Author Name(s) : Bhagyashri Shivaji Patil| Devashree Patwardhan | Eswara Prasad
Frequently Asked Questions?

An increasing use of nitrogen in various end-use industries will drive the market growth.

Gas separation is the leading application of Carbon Molecular Sieves Market.

Asia-Pacific is the largest regional market for Carbon Molecular Sieves.

The Carbon Molecular Sieves Market is valued at $0.9 billion in 2021 and is estimated to reach $1.4 billion by 2031, exhibiting a CAGR of 5.4% from 2022 to 2031. 

The major players operating in the industry include ACURO ORGANICS LIMITED, Huzhou Minqiang New Material Technology Co., Ltd., Kuraray Co., Ltd., Osaka Gas Chemicals Co., Ltd., RXChemicals, SINOCATA, Sorbead India, Weihai Huatai Molecular Sieve Co. Ltd., Huzhou Qiangda Molecular Sieve Technology Co., Ltd., and Zhejiang Changxing Haihua Chemical Co., Ltd. These players have adopted product launch as their key strategy to increase their market shares.

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Carbon Molecular Sieves Market

Global Opportunity Analysis and Industry Forecast, 2021-2031