Zeolites find versatile applications as natural sorbents due to their unique features. With a porous structure and high surface area, they efficiently adsorb and exchange ions, making them valuable in water purification, air filtration, and soil remediation. Their use extends to catalysis in petrochemical processes and as additives in detergents and animal feed. These multifunctional minerals also play a role in gas separation, nuclear waste containment, and construction materials, showcasing their significance in diverse industrial and environmental contexts.
According to Data Bridge Market Research, the Global Zeolite Market is accounted for USD 12.10 billion by 2021 and is expected to reach USD 16.06 billion by 2029. The market is expected to grow with a CAGR of 3.60% in the forecast period of 2022 to 2029.
“Increasing demand in air purifiers boosts the market’s growth”
The zeolite market is experiencing growth due to increasing demand for air purifiers. Zeolites' unique ability to adsorb and remove pollutants from the air makes them valuable components in air purification systems. As awareness of indoor air quality rises, consumers seek effective solutions, propelling the adoption of zeolite-based air purifiers. This heightened demand drives the expansion of the zeolite market, as industries cater to health-conscious consumers by providing efficient and eco-friendly solutions for cleaner and safer indoor environments.
What restraints the growth of the global zeolite market?
“Toxic nature of synthetic zeolites restraints the market’s growth”
The zeolite market's expansion encounters constraints stemming from the toxicity associated with synthetic zeolites. While synthetic zeolites offer diverse benefits, specific variants can emit hazardous substances into the environment during manufacturing or use. This dilemma sparks apprehensions regarding potential repercussions for human well-being and ecosystems. Consequently, regulatory scrutiny intensifies, and consumers exercise prudence when considering these products
Segmentation: Global Zeolite Market
The global zeolite market is segmented on the basis of type, function, and synthetic zeolites application.
- On the basis of type, the zeolite market is segmented into natural, synthetic.
- On the basis of function, the zeolite market is segmented into ion-exchange, catalyst, molecular sieve.
- On the basis of synthetic zeolites application, the zeolite market is segmented into detergents, absorbent, catalysts.
Regional Insights: Europe dominates the Global Zeolite Market
Europe dominates the zeolite market in terms of revenue and market share due to abundant availability. Strict governmental emission regulations concerning greenhouse gases have further fueled the adoption of these products. As sustainability gains importance, the region's industries prioritize compliance, enhancing demand for eco-friendly refrigerants and detergents to minimize environmental impact.
Asia-Pacific is anticipated to be the fastest developing during the forecast period of 2022-2029 due to the establishment of petrochemical and water recycling plants. Additionally, rising demands for detergents, animal feed, and cement production are contributing factors. As industries expand to meet these demands, economic development is driven, resulting in a surge of growth across various sectors in the region.
Recent Development
- In November 2021, The Indian Oil Corporation has announced a capacity expansion of 25 million tons per annum. The company aims to elevate its refining capacity from approximately 81 to 106 million tons per annum by the fiscal year 2023-2024.
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The Prominent Key Players Operating in the Global Zeolite Market Include:
- BASF SE (Germany)
- Albemarle Corporation (U.S.)
- W R Grace (U.S.)
- Lenntech B.V. (Netherland)
- Honeywell International Inc (U.S.)
- Tosoh Corporation (Japan)
- Clariant (Switzerland)
- Arkema (France)
- Federation of Indian Mineral Industries (India)
- Union Showa KK, (Japan)
- Zeochem (Switzerland)
- KNT Group (Russia)
- Zeolyst International (U.S.)
- Huiying Chemical Industry (Xiamen) Co., Ltd. (China)
- Chemiewerk Bad Köstritz GmbH (Germany)
- NALCO India (India)
- Ningbo Jiahe New Materials Technology Co., Ltd. (China)
Above are the key players covered in the report, to know about more and exhaustive list of global zeolite market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Zeolite Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
