Press release
Zeolite Market Analysis By 2025 With Top Vendors BASF SE, Arkema Group, Tosoh Corporation, Zeochem AG, Grace Catalyst Technologies, Zeox Corporation, Honeywell International Inc., Clariant, Eurecat, Yingkou Zhongbao Molecular Sieve Co, Ltd, KNT Group
Zeolite Market
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Zeolites, owing to its acidity, find application in catalytic cracking, alkylation, isomerization, and aromatization reactions. Fluidized catalytic cracking is the largest and oldest application of zeolite catalysts. Zeolites have the unique ability to adsorb water while rejecting larger molecules and hence, find applications in drying air, organic solvents, natural gas, and refrigerants. Various type of zeolites such as ZSM-5, Zeolites A, X, mordenite is used for removing gases such as ammonia (NH3), Sulfur dioxide (SO2), and Carbon dioxide (CO2). Purification of hydrocarbon liquids and gases is also done by zeolites.
Market Dynamics
A major driver for the growth of the global zeolite market is rising demand for the detergents for the domestic and industrial application. For instance, According to the department of consumer affairs, in India, the market for synthetic detergents was valued at about US $1.63 billion in 2013, with a compounded annual growth rate (CAGR) of three percent. Zeolites remove dyes from the washing liquor by hetero-coagulation and adsorption. Zeolites can exchange hard ions with soft ions and are used for softening of water.
Market Outlook
Europe held the dominant position in the market in 2017. Radiation modified natural zeolites are used for treating nuclear waste and natural zeolite minerals as storage of solar energy. Europe is projected to maintain its dominance throughout the forecast period, owing to the rising use of bio-based raw materials and renewable sources of energies such as nuclear or solar. This factor will contribute towards the lucrative growth of global zeolite market.
Key players in Global Zeolite Market
Key players operating in the global zeolite market include BASF SE, Arkema Group, Tosoh Corporation, Zeochem AG, Grace Catalyst Technologies, Zeox Corporation, Honeywell International Inc., Clariant, Eurecat, Yingkou Zhongbao Molecular Sieve Co, Ltd, KNT Group, Dalian Haixin Chemical Industrial Co. Ltd, Zeolyst International, National Aluminium Company Limited, PQ Corporation, UOP LLC, KMi zeolite Inc, Zeotech, and Blue Pacific Minerals Ltd.
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Market Taxonomy
On the basis of product type, global zeolite market is segmented into:
Natural
Synthetic
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