Natural Zeolites Market Trends, Top Key Players, Business Opportunities, Industry Share, Size Analysis by Forecast 2029
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Detrimental Impact of Covid-19 on Chemical Industry
Due to enforced lockdowns and imposed limits by separate regulatory bodies because of the recent COVID-19 outbreak. Numerous industries' operations have either been temporarily halted or are operating with reduced personnel. The global market is expected to have a considerable negative impact on the industry's revenue growth. Additionally, the high costs associated with the installation and maintenance of these machines is a factor that could limit the market's revenue growth throughout the forecast period.
By product type, the market is segmented into pelletized natural zeolite, granular natural zeolite, powder natural zeolite. On the basis of application type, the market is segregated into odor control, adsorbent, filtration, flocculating agent, soil stabilizer, catalyst, animal feed, and others. On the basis of end-use, the market is fragmented into water & wastewater, chemical & petrochemical, agriculture & horticulture, construction, and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What does the Report Offer?
The market research for natural zeolites report offers integrated information on the key drivers, constraints, and opportunities driving industry growth. The research goes on to generate data volume by component, end consumer, and demographic. Major brand SWOT analysis identifies vulnerabilities, strengths, and opportunities.
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Drivers & Restraints-
Increasing Demand in Construction Industry to Stimulate Growth
The global natural zeolites market growth is expected to grow due to the increasing demand in the construction industry during the projected period. They are high in demand due to the construction industry's rapid growth and increased demand for lightweight concrete. Under construction materials, natural zeolites can be found in lightweight aggregates, soil stabilizers, and dimension stones. It's often employed in the production of lightweight concrete. Because of its lower thermal expansion, superior sound absorption, and fire resistance features, lightweight concrete is preferred over regular concrete in the building sector.
Increasing Demand in Construction Applications to Promote Growth in Asia Pacific
Asia Pacific is expected to hold the largest global natural zeolites market share during the forecast period. The rising adoption of the product in the construction industry is expected to drive the market forward.
North America is expected to have a sizable share of the market. This is due to increasing use of the product in agriculture & horticulture in the US and Canada are the leading countries in the region.
Manufacturers Focus on R&D Investments to Strengthen their Position
Small manufacturers and startups have a lot of opportunities in the natural zeolites business to come up with cost-effective production solutions. Zeosoft and Amherst, for example, are two relatively new companies or startups in the industry. These businesses are taking use of strategic collaboration initiatives to grow their market share and profits.
January 2019: Hexcel Corporation announced the acquisition of ARC Technologies LLC, a leading supplier of customized R.F. or EMI and microwave absorbing composite materials and this deal will help Hexcel Corporation strengthen its existing advanced materials portfolio while also allowing it to enter new markets.
List of Key Players Profiled in the Global Market for Natural Zeolites:
Blue Pacific Minerals
DP "Transcarpathian Zeolite Plant"
International Zeolite Corp.
KMI Zeolite Inc.
Rota Mining Corp.
Cloud Mining Company
Bear River Zeolite Co.
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