Zeolite Market Outlook, Size, Share, Growth Factors and Business Opportunities 2023-2028
The latest report by IMARC Group, titled “Zeolite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on zeolite industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global zeolite market size reached 2.1 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.4 Million Tons by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.
Zeolites represent solid minerals made using oxygen, silicon, and aluminum, which form a framework of cavities to retain water or other small molecules. They are three-dimensional crystalline structures with gaps that are either synthesized industrially on a large scale from aluminosilicate gels or mined from volcanic rocks. Zeolites have interconnected channels of various sizes and shapes, owing to their diverse crystal structures and chemical compositions. They are known as molecular sieves as they are capable of ion exchange and reversible dehydration. As a result, these minerals find widespread applications across several sectors, such as biogas, construction, detergents, refinery, agriculture, medical, and nuclear across the globe.
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Market Trends:
The escalating product demand in the detergent industry as a substitute for phosphates, on account of its water-softening properties and extensive utilization in the petrochemical sector as a catalyst for accelerating chemical reactions, is among the primary factors driving the zeolite market. Besides this, the elevating requirement for this mineral in the production of high-quality transportation fuels and chemical products, owing to its stability, cleansing ability, and superior activity, is further augmenting the market growth. Moreover, the growing popularity of zeolites in the water treatment industry to adsorb various materials in drying, purifying, and separating processes is also catalyzing the global market. Apart from this, the rising product usage in fertilizers and soil amendment procedures, on account of its high ion exchange and water retention capacity, is acting as another significant growth-inducing factor. Furthermore, the inflating need for this mineral as a refrigeration absorbent, as it is naturally available, non-poisonous, and non-flammable, is anticipated to propel the zeolite market over the forecasted period.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Arkema
- BASF
- Honeywell International
- Tosoh Corporation
- Zeochem
Zeolite Market Segmentation:
Our report has categorized the market based on region, type and application.
Breakup by Type:
- Natural
- Synthetic zeolite
Breakup by Application:
- Detergent
- Catalyst
- Adsorbent
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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