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.
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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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