Synthetic Zeolite Market To Reach USD 6,520.2 Million By 2028 | Growing demand from the detergent industry
The increasing use of synthetic zeolites in water treatment and purification is one of the significant factors influencing the growth of the market.
NEW YORK CITY, NEW YORK, USA, July 22, 2022 /EINPresswire.com/ — The Global synthetic zeolite market is expected to reach $6,520.2 million by 2028, according to a new report from Reports and Data. The main advantages of synthetic zeolites, compared to natural zeolites, are that they can be engineered with a wide range of chemical properties and pore sizes and possess high thermal stability and radiation resistance.
A large part of the synthetic zeolites produced are deployed in the detergent industry. Synthetic zeolites are environmentally friendly and are increasingly used as a raw material to replace phosphates in the manufacture of detergents. A growing population is expected to drive the demand for detergents, which in turn is expected to drive the demand for synthetic zeolites. Synthetic zeolites also find applications in the petrochemical industry as catalysts. They are commonly deployed in fluid catalytic cracking and petroleum hydrocracking. Hence, the growing petrochemical sector is believed to be fueling the demand for synthetic zeolites. Synthetic zeolites are also beneficial as an additive in the manufacture of asphalt concrete.
Synthetic zeolite finds application as a concrete stabilizer in several building mixes. Adding even a small amount of product during the manufacture of cement slurries used in underground reinforcement walls with injection mixes to fill cable voids greatly improves the stability of the mix.
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Other key findings from the report suggest
By product type, mordenite held a substantial market share in 2018 and is expected to grow at a rate of 2.0% over the forecast period. The high demand for mordenite is due to the use of mordenite as an adsorbent, as a catalyst and as an ion exchange screen.
By application, the detergent manufacturer contributed the largest market share in 2018 and is expected to witness a growth rate of 1.8% during the forecast period. The key function of a builder in detergent products is to soften water by removing chemicals that cause water hardness (such as calcium and magnesium compounds). Additionally, in detergent powders, builders can also absorb liquid components of the formulation (such as surfactants) to maintain dry, free-flowing powder characteristics.
The Asia-Pacific region dominated the market in 2018 and is expected to grow at a rate of 2.5% over the forecast period. Asia-Pacific’s dominance is due to economic growth and large population coupled with growing demand for detergents.
Major participants include BASF SE, Honeywell International Inc., Albemarle Corporation, Zeochem AG, Arkema SA, Clariant AG, WR Grace & Co., Knt Group, Zeolyst International, and Tosoh Corporation, among others.
In May 2017, Tosoh Corporation, a major player in the market, decided to expand its manufacturing capacity for high silica zeolite (HSZ®), a synthetic zeolite with exceptional thermal and acid stability, in its Nanyo complex in Yamaguchi prefecture. The new plant at the Nanyo complex will increase Tosoh’s total HSZ production capacity by 30.0% from its current level.
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Linde Type A
Linde Type X
Linde Type Y
Linde Type B
Fluid catalytic cracking
For a comprehensive understanding of market dynamics, the global synthetic zeolite market is analyzed across key geographies, namely: North America (United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina and Colombia), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa). Each of these regions is analyzed based on market findings in major countries in these regions for macro-level market understanding.
The impact of COVID-19:
The growing COVID-19 pandemic has led to weaker demand for coatings in electronics, automotive, construction and white goods. The market has the capacity to rebound, but it depends entirely on how long the lockdown lasts, and also on the impact of the virus on the economy. Even though the overall market demand is decreasing, the market demand for synthetic zeolites is expected to increase in the coming years.
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Important Features Offered and Report Highlights:
– Detailed overview of the synthetic zeolites market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competitive situation of the synthetic zeolites market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Synthetic Zeolites Market report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locations, item values, profits, limitations, production, supply, requirements, market development rates, and figures.
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