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
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- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
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- How has COVID-19 affected the market?
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- What are the major threats that will dent the growth prospects of the market?
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