The global synthetic zeolites market is expected to reach USD 6,520.2 Million by 2028, according to a new report by Reports and Data. The major benefits of synthetic zeolites, when compared with naturally occurring zeolites, are that they can be engineered with an extensive range of chemical properties and pore sizes and possess a high thermal stability and radiation resistance.
A major portion of synthetic zeolites produced are deployed in the detergents industry. Synthetic zeolites are environment-friendly and are used at an increasing rate as a raw material substitute to phosphates in detergent manufacturing. A rising population is expected to boost the demand for detergents, which, in turn, is projected to drive the demand for synthetic zeolites. Synthetic zeolites also find applications in the petrochemical industry as catalysts. They are commonly deployed in fluid catalytic cracking and hydrocracking of petroleum. Hence, the growing petrochemical sector is estimated to fuel the demand for synthetic zeolites. Synthetic zeolites are also beneficial as an additive in the making of asphalt concrete.
Top Companies Operating in the Global Synthetic Zeolites Market:
BASF SE, Honeywell International Inc., Albemarle Corporation, Zeochem AG, Arkema SA, Clariant AG, W. R. Grace & Co., Knt Group, Zeolyst International, and Tosoh Corporation
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Further key findings from the report suggest
- By product type, mordenite held a substantial market share in 2018 and is expected to grow at a rate of 2.0% in the forecast period. The high demand for mordenite is owing to the use of mordenite as an adsorbent, as a catalyst, and as an ion exchanging sieve.
- By application, the detergent builder contributed to the largest market share in 2018 and is projected to witness a growth rate of 1.8% in the forecast period. The key function of a builder in detergent products is to soften the water by removing chemicals causing water hardness (such as calcium and magnesium compounds). Moreover, in detergent powders, builders may also absorb liquid components of the formulation (like surfactants) to maintain free-flowing, dry powder characteristics.
- The Asia Pacific region dominated the market in 2018 and is expected to grow at a rate of 2.5% in the forecast period. The dominance of the Asia Pacific is owing to economic growth and high population coupled with increasing demand for detergents.
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Synthetic Zeolites Market Segmentation
Product Type Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Mordenite
- Ferrierite
- Linde Type A
- Linde Type X
- Linde Type Y
- Linde Type B
- ZSM-5
- Others
Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Detergent Builder
- Adsorbent
- Fluid Catalytic Cracking
- Others
Industry Vertical Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Consumer Products
- Petrochemical
- Construction
- Agriculture
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Synthetic Zeolites market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Synthetic Zeolites market.
The global Synthetic Zeolites market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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