Zeolite Market Size is Expected to Reach US$15.80 Billion by 2028: Forecast Study of Global Size, Share, Demand, Major Manufacturers and Industry Applications
The Zeolites Market report included an analysis of major key players and regional estimates of Zeolyst International, Albemarle Corporation, Chemiewerk Bad Köstritz GmbH, Honeywell International Inc., Union Showa KK, Clariant, R. Grace & Co. and other market players.
This press release was originally distributed by SBWire
Pune, Maharashtra – (SBWIRE) – 21/07/2022 – Zeolite Market Overview 2022:
Zeolites are a combination of three-dimensional microporous hydrated aluminosilicate raw materials with a porous structure that can be used in a wide range of end-user industries, including petrochemicals, detergents, refrigeration, nuclear and concrete . Due to its ionizing and softening qualities, laundry detergents account for the majority of demand for synthetic zeolite. Zeolites are mainly used in the detergent industry for their superb ion exchange property in their natural and manufactured forms.
According to the most authenticated market research report by SNS Insider, the zeolite market is expected to reach USD 15.80 billion in 2028 growing at a CAGR of 3.5% over the forecast period 2022-2028.
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The major key players included in the zeolites market are:
– Zeolyst International
– Albemarle Corporation
– Chemiewerk Bad Koestritz GmbH
– Honeywell International Inc.
– Union Showa KK
– Clariant, R. Grace & Co.
– Zeochem SA
– Huiying Chemical Industry (Xiamen) Co., Ltd.
– NBASF SE
– ALCO India,
– KNT Group
Drivers, constraints, opportunities and challenges
The growing demand for food preservation for refrigeration purposes, which will increase the need, the growing use of zeolites as an alternative to sodium tripolyphosphates, the growing demand for fuels and chemicals globally, and others factors are all expected to have an impact on the growth of the zeolites market. Furthermore, the next major use of zeolites is expected to be as catalysts. This is likely to increase demand for zeolites across a range of end-user sectors.
Growing popularity of zeolite-free detergents, presence of advantageous substitutes, such as aluminophosphates, and unstable transportation cost due to fluctuating cost of transportation fuels are the factors expected to restrain the growth of the zeolite market in the years to come.
Impact of the COVID-19 pandemic
Industries such as agriculture, building and construction, water treatment and many more have struggled with COVID. Consequently, the demand and consumption of zeolites has been somewhat constrained in a number of industries due to the global shutdown of industrial production and distribution. Rising concerns over cleanliness, especially in the wake of the COVID-19 outbreak, have boosted the production of detergents and hence impacted favorably on the zeolite market.
Zeolite Market Segmentation Analysis
By type, the natural category held the largest market share and is expected to grow at a faster CAGR over the projection period. Zeolites are naturally hydrated aluminosilicate minerals with distinct sorption and ion exchange capabilities that are economically and environmentally acceptable.
Based on application, the category of catalysts held the largest market share and is expected to grow rapidly in the coming years. Zeolite is used as a catalyst in the manufacture of drugs and in the petrochemical industry, where it is employed in catalytic crackers to separate large molecules of hydrocarbons.
The major segments and sub-segments of the Zeolite Market are listed below:
– Ion exchange
– Molecular sieve
– Absorbent / Desiccant
– Others (emission control, medical oxygen)
– Construction and building materials
– Animal feed
– Soil remediation
– Others (fertilizers, dyes and acid treatment)
– Linde Type A
By pore size:
– 3A – 7A
– 7A – 13A
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2022-2028 Zeolite Industry Regional Analysis
Asia-Pacific had the largest revenue share of any region in the world. The market is expanding due to the presence of countries like China and India and rapid investments being made in their manufacturing sectors. The countries produce a lot of chemicals, animal feeds and detergents, which contributes to the region’s demand for zeolite. Due to the growth of agriculture and aquaculture industries in the region, which are important drivers, North America lags behind Asia-Pacific in terms of market share in the global zeolite market. Due to the slow expansion of zeolite-using industries, demand for natural and synthetic zeolites is expected to remain subdued in developed countries in Europe. In a nutshell, developing countries are expected to be the main markets for zeolites during the projection period.
Frequently asked questions in this report are:
– What are the key factors driving the Zeolites market?
– What is the size of the Zeolites market?
– What is the CAGR of the Zeolites market by 2028?
– Which are the major key players included in the Zeolites market?
Table of Contents – Main Key Points
1.1 Market Definition
1.3 Research hypotheses
2. Research methodology
3. Market dynamics
4. Impact analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine–Russia War
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8 Zeolite Market Segments, by Type
9 Zeolite Market Segments, by Function
9.1 Ion exchange
9.2 Molecular sieve
9.4 Construction and building materials
9.5 Animal feed
9.6 Wastewater treatment
9.7 Soil remediation
9.8 Others (fertilizers, dyes and acid treatment)
10 Zeolite Market Segments, By Application
10.4 Others (emission control, medical oxygen)
11 Zeolite Market Segment, By Framework
11.1 Linde A type
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