Innovation Benchmarking in Synthetic Zeolite Market
Request to view sample of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3128
According to a research publication by Transparency Market Research, the global specialty zeolites market is expected to hold a strong degree of competition among key players. The majority of the players in the market depend on goodwill and the formation of long-terms contracts for sustainable business. By 2020, the global specialty zeolites market is expected to reach US$53.4 mn in terms of sales. Its sales figure is projected at a CAGR of 3.2% within a forecast period from 2014 to 2020, and was calculated to reach 41.3 mn at the end of 2016.
Request to view PDF Brochure of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3128
Asia Pacific has been the leading consumer of specialty zeolites in and since 2013, and is likely to remain in the lead for the coming years. The region took up a massive 40% of the market in 2013 and the demand is being fuelled by several verticals. A huge scope of growth was present in the global specialty zeolites market in the application segment of detergents. Governments, environment agencies, and a growing number of environment conscious consumers have been supporting the use of specialty zeolites over phosphates in detergents, due to the harmful effects the latter can have on the environment.
Over time, the global specialty zeolites market took over the lion’s share in detergent applications and the growth rate for the market in this particular segment has slowed since. Players in the market are now moving towards adsorbents, another segment considered to be high opportunity.
Construction and Adsorbents Industries Boost Usage of Specialty Zeolites
“Specialty zeolites have consistently found a solid scope of demand from the construction industry. The surge in construction activities in construction across the world and across different sectors is currently the leading factor contributing to the increasing revenue stream of the global specialty zeolites market,” states a TMR analyst. Urbanization is a key proponent of the construction industry and consequently, the global specialty zeolites market. This can be seen across the swiftly growing urban areas in China, India, and Brazil.
Another factor promoting the global specialty zeolites market at the moment is the growing demand for them from the global paints and coatings industry, which is again, directly driven by the construction industry. The demand for specialty zeolites takes a positive turn due to the increasingly stringent regulations regarding the use of volatile organic compounds. A similar hike in demand for specialty zeolites can be seen in the plastics industry.
High Cost of Specialty Zeolites Inhibits Potential Growth Rate
One of the key factors hindering a more favorable growth rate for the global specialty zeolites market is the high product costs. Specialty zeolites are known to be much more expensive than basic synthetic zeolites or even natural zeolites, due to the increased complexity of manufacturing. At the same time, the global specialty zeolites market is being restricted by the increasing availability of substitutes, especially silica gels and activated carbon. Both substitutes are finding a greater range of use in the paints and coatings industry, jeopardizing the overall demand for specialty zeolites in it.
The information presented in this review is based on a Transparency Market Research report, titled, “Synthetic Zeolite Market (Applications – Detergents, Adsorbents, Catalysts, Dietary Supplements, Wound Care, and Silver Zeolite) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Innovation Benchmarking in Synthetic Zeolite Market here
News-ID: 1090586 • Views: 137
More Releases from Transparency Market Research Reports
Acrolein Market Outlook, Competitive Landscape And Forecasts To 2024
Acrolein, also known as 2-propenal is the simplest unsaturated aldehyde. It’s a colourless liquid and exhibits a disagreeable acrid smell.. Acrolein is manufactured from petrochemical feedstocks such as propylene and glycerine. Acrolein is primarily used as an important intermediate and a specialty chemical. Acrolein is rapidly gaining importance due to its versatile use in plastic and paint industries. One of the most widely used industrial methods of preparing acrolein involves
Polycyclohexylenedimethylene Terephthalate (PCT) Market Set For Rapid Growth And …
Polycyclohexylenedimethylene terephthalate (PCT) is typically a thermoplastic polyester produced from the polycondensation of cyclohexylene-dimethanol and terephthalic acid. The chemical structure of polycyclohexylenedimethylene terephthalate (PCT) is quite similar to that of polyethylene terephthalate (PET). Moreover, the properties of polycyclohexylenedimethylene terephthalate (PCT) such as dimensional stability and chemical resistance are same as that of polyethylene terephthalate (PET). Furthermore, PCT is principally resistant to hydrolysis and high temperatures. Owing to all such properties,
Sulfur Chemicals Market Outlook, Competitive Landscape And Forecasts To 2024
Global Sulfur Chemicals Market: Overview The growing demand for sulfur chemicals in various end use industries such as the food, wine, pharmaceuticals, oil and gas, agriculture, detergents, and bio chemical processes is aiding the expansion of the global sulfur chemicals market. Sulfur chemicals are also vital ingredients in fertilizers. They are used in the vulcanization of black rubber, for plaster production in the construction industry, and for the treatment of
Urethane Adhesives Market To Receive Overwhelming Hike In Revenues By 2024
Global Urethane Adhesives Market: Brief Description Urethane adhesives are referred to as materials which are moisture curing and have a single cure and component when they are unprotected in the presence of moisture either in substrate or in the atmosphere. During the process of the cure, a little amount of carbon dioxide is given out in the atmosphere which further has no effect on the bonding process. Urethane adhesives are elastic
More Releases for Specialty
Global Specialty Resins Market
Global Specialty Resins Market – Industry Analysis and Forecast (2018-2026) – by Resin Type, End User, and Region. Global Specialty Resins Market was valued at US$ 7.45 Bn in 2017 and is expected to reach US$ 11.34 Bn by 2026, at a CAGR of 5.4 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Specialty Tape Market 2017 - 2026
Press Release - 16 July 2018 Research and Development News -- . . Latest Update "Specialty Tape Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026" with Industries Survey | Global Current Growth and Future. ' ' Global Specialty Tape Market: Overview Specialty tapes include a wide variety of tapes for specific use in industries. Hence, these tapes have enhanced capabilities compared to adhesive tapes. With increasing use in various
Specialty Surfactants Market
Latest Developments Growing personal care industry in emerging economies and increasing purchasing power of middle class are fuelling the growth of the specialty surfactants market. While stringent environmental regulations regarding the manufacturing of specialty surfactants are hindering the growth of this market. Market Insights Anionic surfactants is poised to account for the largest market share in 2016 and owing to the increased use of green surfactants amphoteric surfactants have registered the highest CAGR.
Specialty Endoscopic Surgery Devices Market
ReportsWorldwide has announced the addition of a new report title Specialty Endoscopic Surgery Devices Market to its growing collection of premium market research reports. The global market for specialty endoscopic surgery products totaled approximately $5.8bn in 2016, with the US comprising 48.2% of sales (or $2.8bn). Over the forecast period covered by this report, the global market for specialty endoscopic surgery products is forecast to grow at a 4.6% CAGR, reaching $7.8bn
Global Specialty Adhesives Market
The global specialty adhesives market was valued at USD XX million in 2016 and is projected to register an estimated CAGR of XX%, during 2017-2022 (the forecast period). The demand for specialty adhesives is driven by the growth in demand for specialty adhesives from automotive and medical sectors. Specialty adhesives used as bonds across various industries having their main uses in the automotive sector, hospitals, and construction activities. However, factors such
Global Specialty Wire Sales Market - MWS Wire, Torpedo Specialty Wire, Specialty …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Specialty Wire market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in need