The Global Carbon Molecular Sieves Market size is projected to grow at a CAGR of 2.6% during the forecast period, reaching USD X.X billion by 2028. The high nitrogen gas generation type segment accounted for nearly 56% of the total CMS market in 2018 and will continue to dominate over the next decade with an estimated share of 59% in 2028. The low air consumption type segment will be able to capture a revenue share of 36% by 2028 from 31% in 2018, significantly higher than its predicted 23% revenue contribution for this year alone due to growing demand from various end-user industries including natural gas processing plant, oil & gas, chemical processing plants and others.
The carbon molecular sieve is a new kind of adsorbent material. Carbon molecular sieves are made by adding some quartz sand, activated charcoal, and sodium hydroxide into the super-adsorption resin so that it can absorb more than 20 kinds of molecules in different degrees. Carbon molecular sieves are known to have uniform pore diameter and narrow pore size distribution. They also have a high adsorption capacity for inert gases, low air consumption rate, higher regeneration efficiency when compared with zeolite types of adsorbents. These factors help in reducing the fabrication cost as well as total operating costs of plants that use carbon molecular sieve-based plant technology over conventional gas separation technologies such as pressure swing adsorption (PSA) or cryogenic distillation techniques.
On the basis of Type, the global carbon molecular sieves market is segmented into high nitrogen gas generation type and low air consumption type.
carbon molecular sieves that have a high nitrogen gas generation capacity are used in the separation of oxygen from the air. this type relies on a mixture of carbon and zeolite, which is an amorphous aluminosilicate mineral with pores or cavities to achieve more efficient separations. High nitrogen gas generation type CMS has a large number of pores and strong adsorption, which makes it suitable for the separation of hydrogen from carbon dioxide.
The carbon molecular sieves with low air consumption type is an advanced technology that has been developed for the purpose of high temperature and pressure. Also, it can be used in different applications such as gas separation process and also liquid separations, etc. The main characteristics of this material are having an extremely high surface area (up to 1000 m²/g), porosity levels up to 99%, resistance against chemical corrosion, and impact strength at lower temperatures than other technologies-based materials that have been developed by using zeolites or porous organic frameworks. These types of CMSs’ products can be designed into various different shapes for a variety range of application processes while maintaining their structural integrity even under extreme conditions without any degradation issues occurring due to heat exposure or chemical corrosion. Low air consumption CMS have low nitrogen permeability compared to high nitrogen permeability CMS, thus increasing its economy by increasing recovery rates at lower energy requirements without sacrificing product quality.
On the basis of Application, the global carbon molecular sieves market is segmented into Pressure Swing Adsorption (PSA) equipment, other application.
On the basis of Region, the global carbon molecular sieves market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. CMS market in North America is expected to grow at a steady rate due to increasing demand for these products from the food & beverage industry. The market is expected to witness a moderate growth rate in the Latin American region during 2016-2026. Asia Pacific region represents a major share in the global CMS industry. It has been projected that this growth will be driven by growing demand from chemical & gas processing, petroleum refining, and LNG industries. In 2018, around 90% of production was contributed by China alone while India represented the second-largest producer accounting for more than 12%. The Middle East and Africa (MEA) region is the fastest-growing market for carbon molecular sieves. Carbon Molecular Sieve(CMS), also known as Zeolite, has evolved into a reliable solution to purify the air in industrial applications such as gas separation plants and natural gas refineries. CMS may be used by oil companies that produce a high volume of hydrogen-rich gases which emit greenhouse gasses when released into the atmosphere without being purified through expensive systems.
The growth of the carbon molecular sieves market can be attributed to their ability in cost-effective CO removal from hydrogen production process without any loss in product purity levels & due to its capability for regeneration while using less energy or no energy at all during regenerations making it a favorable alternative over conventional technologies such as PSA for removing CO from on-site generated H{sub y} stream. In addition, increasing demand from end-user industries such as oil & gas applications will drive growth over the next few years.
Up Market Research published a new report titled “Carbon Molecular Sieves CMS Market research report which is segmented by Types (High Nigrogen Gas Generation Type, Low Air Consumption Type), By Applications (Pressure Swing Adsorption, Other), By Players/Companies Kuraray, Osaka Gas Chemicals, Sorbead India, Medaad Solutions, SINOCATA, CarboTech, China Carbon Molecular Sieve”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Carbon Molecular Sieves CMS Market Research Report |
By Type | High Nigrogen Gas Generation Type, Low Air Consumption Type |
By Application | Pressure Swing Adsorption, Other |
By Companies | Kuraray, Osaka Gas Chemicals, Sorbead India, Medaad Solutions, SINOCATA, CarboTech, China Carbon Molecular Sieve |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 211 |
Number of Tables & Figures | 148 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type High Nigrogen Gas Generation Type, Low Air Consumption Type and By Application Pressure Swing Adsorption, Other.
Some of the companies that are profiled in this report are:
Carbon Molecular Sieves CMS Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Carbon Molecular Sieves CMS Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Carbon Molecular Sieves CMS Market Report:
Some other reports from this category!