Zeolite Market Status, Key Vendors Analysis and Regional Outlook 2022-2030

Posted on 2022-12-26 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Dec 26, 2022 — /EPR Network/ —

Zeolite Industry Overview

The global zeolite market size was valued at USD 12.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2030.

Increasing investments in expanding petrochemicals production coupled with growth in the detergents industry are anticipated to drive the market growth over the forecast period. Due to their stability, superior activity, and selectivity in conversion processes, zeolites are extensively used in the petrochemicals industry as a catalyst for accelerating chemical reactions. Also, owing to their high absorption capacity for liquid components, they are widely used in the production process of detergents.

Gather more insights about the market drivers, restrains and growth of the Global Zeolite Market

The U.S. was the largest market for zeolite in North America in 2021 and this trend is anticipated to continue over the forecast period. The presence of petrochemical facilities coupled with growth in the consumption of detergents, animal feed, water treatment, and agricultural products is expected to boost product consumption in the U.S. over the coming years. Growing investments in the U.S. petrochemicals industry are expected to facilitate the demand for synthetic zeolite as a catalyst. For instance, Chevron Phillips Chemical announced that it will make its Final Investment Decision (FID) on its new cracker in Texas in 2022, followed by another FID of USD 8 billion in a joint venture petrochemical complex along the US Gulf Coast in 2023.

Furthermore, Reliance Industries Ltd. and the Abu Dhabi National Oil Co. (ADNOC) have agreed to build a petrochemical plant worth USD 2.0 billion in the UAE. The collaboration will lead to the establishment of a new joint venture at Ta’ziz. Increasing investments in petrochemicals are anticipated to thus, augment product demand over the forecast period. The demand was, however, impacted in 2020 owing to coronavirus emergence. The petrochemicals industry was affected as countries implemented social and travel restrictions, and many plants faced temporary shutdowns. The petrochemicals demand was irregular across its value chain owing to varied intensities from end-use industries. This had a short-term impact on the global zeolite demand in the initial months of 2020.

Browse through Grand View Research’s Advanced Interior Materials Industry Research Reports.

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Zeolite Market Segmentation

Grand View Research has segmented the global zeolite market on the basis of product, application, and region:

Zeolite Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- Natural
- Synthetic
Zeolite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- Catalysts
- Adsorbents
- Detergent Builders
- Cement
- Animal Feed
- Others
Zeolite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Zeolite market include

Albemarle Corporation
BASF
Clariant
KMI Zeolite
Zeolite
Zeolyst International

Order a free sample PDF of the Zeolite Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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