Tectosilicates have been commonly established as zeolites. Zeolites are found in nature as well as synthesized by chemical processes. Depending upon the type of the method of synthesis used and source materials used, properties of the zeolites varies and hence their application as adsorbents, catalyst, detergent builders, etc. could be different. Zeolites in nature often, formed as crystals in small cavities of basaltic rocks over the years or as volcanic tuffs or glass altered by the interaction with saline water. These natural zeolites are formed in a number of geological environments such as alkaline deserts, lake sediments, ash ponds and marine sediments at relatively low temperature, under natural conditions.
By product type, zeolite market segmentation includes natural zeolites and synthetic zeolites. On the basis of application, the global zeolite market is segmented into catalyst, adsorbent, detergent builders and others. Market size and forecast of each application and product type is presented for the period 2015 to 2025 along with respective CAGR % for the forecast period 2017-2025.
The market size and forecast for the period 2015-2025 along with the CAGRs for the period 2017-2025 for the mentioned segments are also presented in this study.
Qualitative information sets such as market dynamics (drivers, challenges and opportunities) and market inclination insights are provided in this market assessment report. Tools such as market competition analysis and attractive investment proposition are also included in this study for assessment of overall market competition. The report concludes with company profiles section that highlights key information about the major market players operating in the global zeolite market.
Anhui Mingmei MinChem Co. Ltd., Arkema Group, BASF SE, Chemiewerk Bad Köstritz GmbH (CWK), Clariant, Dalian Haixin Chemical Industrial Co.Ltd., Grace Catalysts Technologies, Interra Global Corporation, KNT Group, Tosoh Corporation, Tricat Group, Union Showa K.K. (USKK), UOP LLC, Yingkou Zhongbao Molecular Sieve Co.Ltd., Zeochem AG, Zeox Corporation. are among the few key manufacturers in zeolite market.
Purpose of the Report
The purpose of this strategic research study titled “Zeolite Market - Growth, Opportunities, Share & Competitive Analysis, 2017 – 2025” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the zeolite market.
Target Audience
USP and Key Offerings
The report titled “Zeolite Market - Growth, Opportunities, Share & Competitive Analysis, 2017 – 2025” offers strategic insights into the overall zeolite market along with the market size, and estimates for the duration 2017 to 2025. The said research study covers in-depth analysis of multiple market segments based on applications and cross-sectional study across different regions.
In order to help strategic decision makers, the report also includes competitive profiling of the leading players in zeolite market in terms of their product portfolio, financial health and business strategies. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the zeolite market, offering market size and estimates for the period from 2015 to 2025, keeping in mind the above mentioned factors.
By form, zeolites market segmentation includes natural and synthetic forms; of which, in 2016, natural form dominated the market in terms of revenue contribution and is further expected to remain dominant during the forecast period of 2017 to 2025. In 2016, segment accounted for more than 55% of total market share. Natural zeolite is widely used as catalyst, adsorbent, detergent, etc.
However, during the forecast period of 2017 to 2025, synthetic zeolite is expected to be the fastest-growing segment of zeolite market, owing to the rapidly growing demand for synthetic zeolite as a catalyst, adsorbent and detergent builder. Synthetic zeolites are widely used for catalyst application segment as these have a well-defined pore structure and adjustable acidity. Synthetic zeolites are also useful in fluid catalytic cracking and hydrocracking processes in the petrochemical industry.
Among considered applications, detergent segment holds the largest market share in 2016 at more than 60% of total demand for zeolites and is expected to maintain its dominance through the forecast period. Growing use of zeolite as refrigeration adsorbents owing to their non-flammable non-poisonous nature and natural availability is a key factor driving growth zeolites market. Some of the other factors fuelling the zeolites market growth include rising consumption of household laundry detergents in high-population nations such as India and China. Furthermore increasing use of zeolites in petroleum industries is likely to boost the demand in upcoming years. The major trends governing the global zeolites market includes an increasing use of zeolites as a catalyst in several end-use industries.
In base year 2016, Europe and Asia pacific were the largest regional markets for zeolite. In Asia Pacific, China and India serve potential markets for zeolite in the next five to six years. Growing consumption of zeolite as detergent builders and absorbent especially in China and India, along with commercialization measures for zeolite as an absorbent in various end-use industries is likely to fuel the zeolite market growth. Also, the market is estimated to lose its share in developed regions to developing regions in the next few years.
Demand for zeolite from European market comes from the rise in the demand for automotive or transportation fuels and fluid catalytic cracking catalysts. Europe zeolite market is expected to grow at significant rate in upcoming years.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Zeolites market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
