Synthetic Zeolites Market, Company Profiles, Revenue Share Analysis, 2018–2028

The global synthetic zeolites market is expected to reach USD 6,520.2 Million by 2028, according to a new report by Reports and Data. The major benefits of synthetic zeolites, when compared with naturally occurring zeolites, are that they can be engineered with an extensive range of chemical properties and pore sizes and possess a high thermal stability and radiation resistance.

A major portion of synthetic zeolites produced are deployed in the detergents industry. Synthetic zeolites are environment-friendly and are used at an increasing rate as a raw material substitute to phosphates in detergent manufacturing. A rising population is expected to boost the demand for detergents, which, in turn, is projected to drive the demand for synthetic zeolites. Synthetic zeolites also find applications in the petrochemical industry as catalysts. They are commonly deployed in fluid catalytic cracking and hydrocracking of petroleum. Hence, the growing petrochemical sector is estimated to fuel the demand for synthetic zeolites. Synthetic zeolites are also beneficial as an additive in the making of asphalt concrete.

The global materials & chemicals industry growth is majorly supported by considerably rising demand for chemicals & materials across various industry verticals. Industry growth is accelerated by rising environmental awareness, growing usage of environmentally sustainable chemicals and raw materials, technological advancements in manufacturing techniques, and escalating demand for organic industrial chemicals and agrochemicals, increasing use of high-performance specialty chemicals, and escalating demand across the oil & gas, pharmaceutical, food & beverage, pulp & paper, personal care & cosmetics, textile, manufacturing, and wastewater treatment industries.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/synthetic-zeolites-market

Key participants include BASF SE, Honeywell International Inc., Albemarle Corporation, Zeochem AG, Arkema SA, Clariant AG, W. R. Grace & Co., Knt Group, Zeolyst International, and Tosoh Corporation, among others.

For the purpose of this report, Reports and Data have segmented the global synthetic zeolites market on the basis of product type, application, industry vertical, and region:

Product Type Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

Mordenite
Ferrierite
Linde Type A
Linde Type X
Linde Type Y
Linde Type B
ZSM-5
Others
Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

Detergent Builder
Adsorbent
Fluid Catalytic Cracking
Others
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Industry Vertical Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

Consumer Products
Petrochemical
Construction
Agriculture
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

North America
U.S.
Europe
Germany
UK
Asia Pacific
China
India
South-east Asia
Latin America
Brazil
MEA
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Further key findings from the report suggest

By product type, mordenite held a substantial market share in 2018 and is expected to grow at a rate of 2.0% in the forecast period. The high demand for mordenite is owing to the use of mordenite as an adsorbent, as a catalyst, and as an ion exchanging sieve.
By application, the detergent builder contributed to the largest market share in 2018 and is projected to witness a growth rate of 1.8% in the forecast period. The key function of a builder in detergent products is to soften the water by removing chemicals causing water hardness (such as calcium and magnesium compounds). Moreover, in detergent powders, builders may also absorb liquid components of the formulation (like surfactants) to maintain free-flowing, dry powder characteristics.
The Asia Pacific region dominated the market in 2018 and is expected to grow at a rate of 2.5% in the forecast period. The dominance of the Asia Pacific is owing to economic growth and high population coupled with increasing demand for detergents.
In May 2017, Tosoh Corporation, a leading player in the market, decided to expand its manufacturing capacity for high-silica zeolite (HSZ®), a synthetic zeolite possessing exceptional thermal and acid stability, at its Nanyo Complex in Yamaguchi Prefecture. The Nanyo Complex’s new plant will increase Tosoh’s total HSZ production capacity of 30.0% more than its current level.
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