Structure Directing Agents Market size is expected to cross USD 1.6 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of structure directing agents was over USD 600 Million. The market is seeing profitable potential due to the growing demand for sophisticated materials in the automotive and industry sectors. The industry produced 2,59,31,867 vehicles between April 2022 and March 2023, as opposed to 2,30,40,066 units between April 2021 and April 2022. These vehicles included passenger cars, commercial vehicles, three-wheelers, two-wheelers, and quadricycles.
In addition, the efficiency and effectiveness of SDAs have grown due to technical breakthroughs and material science advancements, opening up new applications. In the petrochemical, energy, and environmental sectors—where the performance of these industries depends on the synthesis of materials with certain properties-there is an especially strong demand for SDAs.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~ 8% |
Base Year Market Size (2023) |
~ USD 600 Million |
Forecast Year Market Size (2036) |
~ USD 1.6 Billion |
Regional Scope |
|
End Use Application (Zeolite, Crystalline Materials)
The crystalline materials segment is expected to hold 55% share of the global structure directing agents market by the end of 2036. The global market for structure-directing agents is anticipated to gain from the increasing need for a specific structure in crystalline materials because of its unique structure-directing properties. In addition, the catalyst growth is correlated with the expansion of the chemical sector. The global chemical sector generated about 4.7 trillion dollars in revenue in 2021. In the upcoming years, it is anticipated that expanding catalyst industries will increase demand for structure-directing agents since many catalysts have certain structural requirements. This increases the need for agents that can precisely control the development of crystalline materials, or organic structure guiding agents.
Type (Organic Structure Directing Agents, Inorganic Structure Directing Agents)
The organic structure directing agents market is projected to hold the largest revenue share of about 52% by the end of 2036. The growth of the segment in this market is owing to the critical role they play in the manufacture of zeolites. Organic structure-directing agents are anticipated to continue to be the leading category in terms of type during the projected period. The growing need for complex organic compounds in sectors including fine chemicals, material science, and medicines is one of the main growth drivers. The need for organic structure-directing agents rises along with the necessity for these chemicals. The market is expanding due in part to improvements in synthetic techniques and the creation of new, more effective structure guiding agents.
Our in-depth analysis of the global structure directing agents market includes the following segments:
Type |
|
End Use Application |
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North American Market Forecast
Structure directing agents market in the North America region is anticipated to hold the largest revenue share of about 30% during the forecast period. For a number of reasons, the market in North America is anticipated to rise steadily in the upcoming years. Firstly, several significant end-use sectors, including petrochemicals, construction, and the automotive industry, are concentrated in the region and are projected to have a significant impact on the demand for structure-directing agents. An important part of the American economy is the construction sector. In the first quarter of 2023, there were over 919,000 construction establishments in the United States. Each year, the industry generates structures valued at around USD 2.1 trillion and employs 8.0 million people. The area is also known for its sophisticated and well-established chemical sector, which places a major emphasis on research and development. This is anticipated to stimulate product development and innovation in the market for structure directing agents, resulting in the launch of novel and cutting-edge goods.
APAC Market Statistics
Structure directing agents market in Asia Pacific region is attributed to hold 25% of the revenue share by the end of 2036. The growth of the market in this region is due to the region's rapid growth in zeolite, chemical, and other related catalysts. Furthermore, the supply and pricing of structure directing agents benefit by the existence of significant market players in the area. Moreover, a notable pace of growth for the structure directing agents market is because of the existence of a robust chemical hub in nations like Indonesia, Malaysia, Thailand, India, and Thailand.
Author Credits: Rajrani Baghel
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