Global Synthetic Zeolites Marke,t By Type (Zeolite A, Zeolite Y, Zeolite X, Zeolite ZSM-5 and Others), Function (Ion-Exchange, Molecular Sieve and Catalyst), Application (Detergent Builder, Drying, Separation, Adsorption, Catalytic Cracking and Specialties), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the synthetic zeolites market will witness a CAGR of 4.20% for the forecast period of 2021-2028. Increased need and demand for synthetic zeolites for a wide range of applications, rising demand for synthetic zeolites from the detergent industry and significant usage of synthetic zeolites for catalytic cracking in the petroleum industry are the major factors attributable to the growth of the synthetic zeolites market.
Zeolites are considered to be 100% safe and non-toxic in nature. These are a collection of raw materials having porous framework that makes them appropriate for employment in petrochemical, detergents, and others. Majorly containing silicon and aluminium compounds, zeolites are also used as dietary supplements to cure diarrhoea, autism, herpes, and cancer. These are also used to balance the level of pH in the body and remove heavy metals. Zeolites are hydrated aluminium silicates that are available in both natural and synthetic forms. However, synthetic zeolites have a larger range of properties and wider cavities. Synthetic zeolites are increasingly being used as alternatives to phosphates in the process of detergent manufacturing.
Increasing number of end-use industries for synthetic zeolites is the root cause fuelling up the synthetic zeolites market growth rate. Rising expenditure for the consumption of compact detergents will further create lucrative growth opportunities for the synthetic zeolites market. Rising industrialization and increased demand for FCC catalysts in industrial applications will further induce growth in the demand for synthetic zeolites. Increasing demand for products that offer ionizing and water-softening properties will also propel growth in the demand for synthetic zeolites. Increased support by the government to restrict the application of phosphates in the detergents will also create remunerative opportunities for the synthetic zeolites market.
However, fluctuating costs of transportation of synthetic zeolites owing to fluctuating costs of transportation fuels will pose a major challenge to the growth rate of synthetic zeolites market. Toxic nature of synthetic zeolites will further restrict the scope of growth for this market. Availability of cheaper substitutes will further derail the synthetic zeolites market growth rate.
This synthetic zeolites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on synthetic zeolites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Synthetic Zeolites Market Scope and Market Size
The synthetic zeolites market is segmented on the basis of type, function and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the synthetic zeolites market is segmented into zeolite A, zeolite Y, zeolite X, zeolite ZSM-5 and others.
- On the basis of function, the synthetic zeolites market is segmented into Ion-exchange, molecular sieve and catalyst.
- On the basis of application, the synthetic zeolites market is segmented into detergent builder, drying, separation, adsorption, catalytic cracking and specialties.
Global Synthetic Zeolites Market Country Level Analysis
The synthetic zeolites market is analysed and market size, volume information is provided by country, type, function and application as referenced above.
The countries covered in the synthetic zeolites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the synthetic zeolites market and will continue to flourish its trend of dominance during the forecast period as well. The dominance is owing to increased application of synthetic zeolites by the petrochemical industries. Growth and expansion of various end user verticals will further propel growth in the demand for synthetic zeolites. India and China will emerge as the major contributors from this region. This is because of the high rate of consumption of synthetic zeolites by verticals in these countries.
The country section of the synthetic zeolites market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Synthetic Zeolites Market Share Analysis
The synthetic zeolites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to synthetic zeolites market.
The major players covered in the synthetic zeolites market report are Honeywell International Inc., BASF SE, Clariant AG, Tosoh Corporation, W. R. Grace & Co.-Conn., SHOWA DENKO K.K., ZEOCHEM AG, KNT Group, Arkema, PQ Corporation, CWK Chemiewerk Bad Köstritz GmbH, NALCO India., Dalian Haixin Chemical Industrial Co., Ltd.., Sorbead India, Rive Technology, ANTEN CHEMICAL CO., LTD., Industrias Químicas del Ebro, S.A., International Zeolite Corp, St. Cloud Mining and Huiying Chemical Industry(Xiamen) Co., Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.