Synthetic Zeolites Market Size, Share, Analysis & Forecast 2018 – 2023 by Exclusive Manufacturers - Albemarle, BASF SE, Honeywell International, Clariant, W. R. Grace & Co.-Conn., Tosoh, Union Showa K.K., Zeochem AG, Arkema S.A. and Zeolyst

Market Segmentation

The Global Synthetic Zeolites Market is segmented on the basis of Type and Application.

By Type, the market is segmented on the basis of Zeolite A, Zeolite Y, Zeolite X, Zeolite Zsm-5 segments. Among these, the Zeolite Y segment captures the majority of the market share owing to its extraordinary features such as thermal stability, durable and reliable nature. The segment is expected to continue its dominating streak in coming years due to the increasing demand from automobile, oil & gas, and petrochemical sectors.

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By Application, the market is segmented on the basis of detergents, catalysts, adsorbents, and others. Among these, the catalyst segment has captured the major share of the market owing to the limitless use of catalyst in purification, refining, and other systems as it increases the aromatic content of refined products. The increasing demand for adsorbents in refrigeration, air-conditioning systems are set to fuel the market growth during the forecast period. Therefore, the ability of Zeolite Catalyst to break the complex hydrocarbon molecules into gasoline, diesel, kerosene, waxes is responsible for their growing demand in a vast array of heavy-end industries.

Regional Analysis

The Synthetic Zeolites Market is spread across five regions, namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Among all regions, the Asia Pacific market has captured a major share of the market on account of growing adoption of zeolite pellets in detergents, adsorbents, catalyst, and others. The catalyst segment holds a major portion of the market in the region and is expected to continue its dominance in the regional market owing to increasing demand of synthetic materials in catalytic cracking, hydrocracking processes, during the forecast period. Moreover, countries such as China, Japan, and India are major contributors to this market.

The North America region is performing phenomenally on the back of increased consumption of zeolite molecular sieve in oil & gas, petrochemical, and other industries. Moreover, MRFR predicts that growing investments in the end-use industries is likely to trigger the regional market during the forecast period. Furthermore, the growing consumption of synthetic materials in heavy end-use industries seems to work in favor of the markets in the United States (U.S), Canada, and Mexico, who have achieved impressive growth over the past few years.

The Europe market, on the other hand, has also witnessed a striking growth, which can be attributed to increasing demand for catalyst in refrigeration, air-conditioning, water-purification systems, and others. The market in the region has also been influenced by the growing consumption of this material in nuclear, and oil & gas sectors. It is presumed that the growing innovation and technological advancement by a handful of companies in the region have assisted the market to expand further.

Lastly, the Latin America region is bound to progress steadily due to the growing usage of synthetic materials in agriculture, petrochemical, and other sectors. Furthermore, the Middle East & Africa is expected to witness higher growth in the market because of growing demand for zeolite catalyst in a wide range of end-use industries. Moreover, improving economy and constant efforts by the market players to expand their customer base bode well with the market growth in the region.

Key Players

The key players in the Global Synthetic Zeolites Market include Union Showa K.K. (Japan), Zeochem AG (Switzerland), Arkema S.A. (France), Albemarle Corporation (U.S.), BASF SE (Germany), Honeywell International Inc. (U.S.), Clariant (Switzerland), W. R. Grace & Co.-Conn. (U.S.), Tosoh Corporation (Japan), Union Showa K.K. (Japan), Zeolyst International (U.S.) and others.

BASF is on its way to launch Fourte™, which is a new generation of Fluid Catalytic Cracking (FCC) catalysts for gasoil feedstock, which is one of the applications of Synthetic Zeolites. Fourte has been developed by BASF using its multiple framework topology (MFT) technology and has been optimized to deliver superior selectivity to butylenes while maintaining catalyst activity. This factor will help the refineries maximize their profits. This move by the company ensures that an innovative and flexible solution is offered to the customers and also leverage the market position of BASF in the global market.

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