Zeolite Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Zeolite Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Report Digest
Global Zeolite Market: Overview
Zeolite refers to a relatively new and an excellent natural medium of filter that is available for water filtration purposes. As compared to carbon and sand filters, Zeolite is considered superior in performance with less maintenance and higher rates of throughput. It can be used directly replacing sand in regular filter due to its several advantages over sand. There are three primary uses of zeolites, which are ion exchange, gas separation, and catalysis
The major factors that are supporting the growth of the global zeolite market are increasing demand for the purpose of water treatment and utilization of zeolite as refrigeration adsorbents.
The global zeolite market has been segmented based on product, application, end use, and region. The main objective of providing such a comprehensive report is to provide a deep insight into the market.
Global Zeolite Market: Notable Developments
The global zeolite market has come across quite a few developments in the last few years. One such development of the market is mentioned below:
- In January 2017, US-based Albemarle Corporation acquired China-based Jiangxi Jiangli New Materials Science and Technology Co. Ltd. Following the acquisition it is expected that Albemarle Corporation will be able to expand their reach in Asia Pacific, which is likely to expand the market for zeolite in the region.
Some of the key market players of the global zeolite market are
- Albemarle Corporation
- BASF SE
- Tosoh Corporation
- Silkem proizvodnja Zeolitov d.o.o.
- Bear River Zeolite
- Clariant AG
Global Zeolite Market: Growth Drivers
Increased Demand in the Making of Laundry Detergent Bolsters Demand
Used as a substitute of phosphates in the manufacturing of laundry detergents, Zeolites are gaining traction in the detergent making process owing to its excellent water softening process. Use of phosphates has been restricted due to environmental concerns, which is likely to add to the growth of the global zeolite market over the period of review. In addition, increasing demand for detergent in developing parts of the world is likely to bolster the demand for zeolites across the globe.
Zeolites find extensive use as adsorbents and catalysts in the oil refining and petrochemical industry. Excellent ability to clean and stability of zeolite is likely to augment its adoption in the oil refining and petrochemical industry. These properties assist in the making of excellent chemical products and transportation fuels. Burgeoning demand for chemical products and fuels across the globe for multiple purposes is likely to further push for the growth of the global zeolite market. Increased government emphasis on the use of cleaner fuels is likely to emerge as another growth factor for the market in the years to come.
Another important growth factor for the global zeolite market is the rising demand for the product in the water treatment activities. Zeolite is used as adsorbents in the process of water purification.
However, emergence of metals, enzymes, and various other chemical compounds as a substitute is likely to impede the growth of the global zeolite market in the years to come. Besides, high cost of transportation is anticipated to pose challenge to the growth of the global zeolite market.
Global Zeolite Market: Regional Outlook
Asia Pacific is estimated to come up as one of the prominent regions of the global zeolite market over the period of assessment. Such dominance of Asia Pacific region is primarily owing to the growing popularity of detergents and expansion of the water treatment industry. Water treatment procedure has recently gathered momentum in countries like Malaysia, Thailand, and India, which is driving the zeolite market in Asia Pacific.
The global zeolite market is segmented as:
Product
- Natural
- Synthetic
Application
- Adsorbents
- Catalysts
- Detergents
End Use
- Water Treatment
- Air Purification
- Agriculture
- Petrochemical
- Construction
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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