Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A53566 | Pages: 400 | Charts: 50 | Tables: 160 |
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
[COVIDIMPACTSTATEMENT]
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.
[TYPEGRAPH]
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.
[APPLICATIONGRAPH]
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.
[REGIONGRAPH]
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
Key Market Segments
Key Market Players