Synthetic Zeolites Market, Trends, Share, Key Companies, Revenue Share Analysis, 2018–2028
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.
Synthetic zeolite finds application as
a concrete stabilizing agent in several building mixes. By adding even a small
amount of the product in the course of making cement suspensions used in the
underground consolidating walls along with injectable mixes for filling cable
voids, significantly enhances the mix stability.
Synthetic zeolites owing to their
unique physicochemical properties have found widespread usage in many fields
associated with agriculture. They are increasingly used in the production of
mineral fertilizers with slow-release and as carriers of active ingredients of
herbicides, fungicides, and pesticides.
Key participants include BASF SE, Honeywell
International Inc., Albemarle Corporation, Zeochem AG, Arkema SA, Clariant AG,
W. R. Grace & Co., Knt Group, Zeolyst International, and Tosoh Corporation,
among others.
To identify the
key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/synthetic-zeolites-market
Major Points Covered in the Global Synthetic
Zeolites Market Report:
· Market
Coverage: This section of the report provides
significant details on key market aspects including the key market segments,
product innovation scope, and macro-economic and micro-economic growth
indicators. In addition, the report segments the global Synthetic Zeolites
market based on product type, technology landscape, and application range.
· Executive
Summary: Under this section, the global market
growth rate, competitive landscape, drivers and constraints, trends,
limitations, and the key market segments have been discussed.
· Regional
Analysis: In this section, the latest report
highlights the extensive global presence of the Synthetic Zeolites market. This
section offers key insights into the latest trends in the regional markets
including North America, Asia Pacific, Europe, Latin America, and Middle East
& Africa.
· Competitive
Landscape: This section of the report highlights
the key players in the global Synthetic Zeolites market. It further emphasizes
the leading products and services offered by these companies.
· Manufacturers’
portfolios: This section
includes detailed information regarding the product portfolio of each local and
global manufacturer, their strengths and weaknesses, product catalogue,
production value and capacity, and other vital information.
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.
- In May 2017, Tosoh Corporation, a leading
player in the market, decided to expand its manufacturing capacity for
high-silica zeolite (HSZ®), a synthetic zeolite possessing exceptional
thermal and acid stability, at its Nanyo Complex in Yamaguchi Prefecture.
The Nanyo Complex’s new plant will increase Tosoh’s total HSZ production
capacity of 30.0% more than its current level.
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For the purpose of this report,
Reports and Data have segmented the global synthetic zeolites market on the
basis of product type, application, industry vertical, and region:
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
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Regional Outlook
(Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- South-east Asia
- Latin America
- Brazil
- MEA
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