Zeolites Market Size, Share, Trends Insights and Depth Analysis through 2019-2029

Posted on 2020-01-27 by Mark Hub in Chemicals // 0 Comments

This study offers a long-term outlook of the zeolites market for the period between 2019 and 2029. The zeolites market is forecast to record a CAGR of 3% through 2029. According to a new Fact.MR report, sales of zeolites in 2018 were 8.3 Mn tons, and are expected to record ~2% Y-o-Y in 2019. The global zeolites industry remains fostered by a myriad factors, ranging from the application in soil amendment procedures, and water treatment, to growing utilization as key refrigeration absorbents.

Each segment of the zeolites market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:

North America (Canada, US)
Latin America (Argentina, Mexico)
Europe (NORDIC, UK)
APEJ (China, India)
MEA and Japan

The study finds that the zeolite synthesis has emerged as an active area of research, as zeolites with uniform microscopes continue to become a key imperative across industrial processes such as separation, adsorption, and catalysis, while seeking new applications in medical, chemical sensors, magnetism, and electronics.

What insights readers can gather from the keyword market report?

A critical study of the keyword market on the basis of segment 1, segment 2 and segment 3.
Learn the behavior pattern of every keyword market player – product launches, expansions, collaborations and acquisitions in the market currently.
Examine and study the progress outlook of the global keyword landscape, which includes, revenue, production & consumption and historical & forecast.
Understand important drivers, restraints, opportunities, and trends (DROT Analysis).
Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.

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Europe and East Asia – Lucrative Markets for Zeolites

According to the study, Europe and East Asia collectively account for ~60% share of the zeolites market. Rapid industrialization and growing investments in the industrial sectors across these regions, are likely to remain leading influencers of growth for the zeolites market. Growing number of research demonstrations and tests apropos of zeolites across Asian nations has further attracted the attention of the market players for investments.

Zeolites in both, natural and synthetic form, are being widely used across a plethora of end-use industries. Accounting for ~60% volume share of the global market, natural zeolites remain the sought-after category, significantly complemented by their use in the water treatment industry. Environment concerns relating to the presence of heavy metals in wastewater, and the potential of natural zeolites to resolve these have been driving their adoption in recent years.

The synthetic zeolites will also remain attractive among end-users, in light of their greater thermal stability and unmatched properties as specific catalysts. From purification of industrial and municipal wastewater, to restoration of degraded soil and soil modification, adoption of synthetic zeolites will remain significant in the foreseeable future.

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Companies operating in the zeolites market are concentrating their efforts towards developments in the synthetic variant, apart from their focus on capacity expansions and new product developments for remaining ahead of the curve. For instance, BASF launched a new generation of FCC catalysts, based on a novel Improved Zeolite Y (IZY) technology for gasoil refiners, which is tailored to offer superior conversion and improve coke selectivity, thereby being able to aid refineries in maximizing profitability.

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