Zeolite Market Insights
The global zeolite market is expected to grow at a significant CAGR over the forecast period. This growth is mainly attributed to growing awareness towards hygiene among consumers. Along with this, rising demand for natural products by concrete, pet litters and agriculture industries is likely to stimulate market growth.
Moreover, properties of zeolite such as non-toxicity, low cost, low technical complexity and low initial investment are anticipated to increase consumption by end-use industries. The growing demand for catalyst and detergent industries is also projected to augment market growth over the coming years.
However, factors such as stringent environmental and safety regulations against the use of the product in various industries are projected to affect the profitability of the industry.
Zeolite Market: Product Insights
On the basis of product, the zeolite market is segmented into the natural and synthetic zeolite. The market for synthetic zeolites is expected to occupy the highest share owing to its application as absorbents in water treatment plants for purification of water. Along with this, rising application of zeolites as an ingredient of liquid and powder detergents coupled with increasing demand for catalysts is also likely to foster growth.
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Zeolite Market: Application Insights
Zeolite finds its application in catalysts, adsorbents and detergent builders segment among others. The detergent builders are anticipated to dominate the market over the forecast period owing to increasing application of zeolites in liquid and powder detergents. Accordingly, factors such as low abrasiveness coupled with the superior dispersibility of zeolites are anticipated to fuel market growth.
The absorbents segment is projected to deliver a healthy CAGR owing to properties of zeolite such as molecular sieve, high cation exchange ability, cheap availability and low cost which has fueled the application of zeolites as water purifiers.
Zeolite Market: Regional Insights
The Asia Pacific has occupied the largest share of the zeolite market for the past few years. This can be attributed to growing awareness towards the use of bio-based sources. The rising application of zeolites as water purifiers by governments is also likely to augment growth. Demand is expected to rise from countries such as China and India on account of the growing manufacturing and petrochemical industries.
Europe is also expected to record a healthy CAGR over the forecast period owing to the presence of key manufacturers of detergents and refrigerants in this region. Along with this, rising awareness about greenhouse gas emission in countries such as France, Belgium, and the Netherlands and other European countries is also anticipated to encourage industries to switch over to zeolites.
Zeolite Market: End-Use Landscape
Zeolite Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase zeolites over the coming years. Some leading consumers of zeolites are Dow Chemical, ExxonMobil, LyondellBasell Industries, Clorox, Seventh Generation Inc., PUR and Culligan among others.
Zeolite Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Zeolite Market Share & Competitor Analysis
Some of the players operating in the global zeolites market include Arkema Group, Clariant, BASF SE, UOP LLC, Zeochem AG, Honeywell International Inc, KNT Group, Interra Global Corporation, Yingkou Zhongbao molecular sieve co, .ltd and Tosoh Corporation among others.
In June 2018, Greenbelt Resources Corporation, the developer of ECOsystem: a sustainable model that can convert waste into bioproducts, announced signing a Letter of Intent (LOI) with a waste-to-bio products company located in New York. With the help of Greenbelt’s energy efficient zeolite membrane dehydration module, the company would be proficient in removing water from the ethanol produced by the system in even higher concentrations than molecular sieves
In April 2018, Jane Parker, the lead researcher and flavor chemist announced producing filters made from zeolites which is projected to remove carcinogenic polycyclic aromatic hydrocarbons (PAHs) from the smoking process for foods. As per reports, when food is cooked at high temperatures, such as barbecuing, exposure to PAHs compounds can cause cancer. Using zeolites could help in reducing PAHs levels by as much as 93%.
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