Innovation Benchmarking in Synthetic Zeolite Market
Get 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.
APAC Demand Continues to Surge
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.
Request to view PDF Brochure of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3128
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: 1129554 • Views: 408
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers. The demand for crude oil is increasing
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027 Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon
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 CRO's Market - Regional Insights
On the basis of geography, global specialty CROs market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to dominate the market over the forecast period, owing to the fact that pharmaceutical and biotech companies in this region spends significant amount on research and development, in order to bring novel therapies to the market. Click To Continue Reading; https://www.coherentmarketinsights.com/ongoing-insight/specialty-cros-market-1627 As per the estimation
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 Fats Market 2017-2021
The latest industry research report on Specialty Fats by MRC provides a thorough analysis of the global Specialty Fats market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Specialty Fats industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative
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