Zeolites Market worth $14.1 billion by 2026 | Key players Albemarle Corp, BASF SE, Honeywell International, Clariant, W.R. Grace & Co.

According to recent market research "Zeolites Market by Type (Natural, Synthetic), Function (Ion-Exchange, Catalyst, Molecular Sieve), Synthetic Zeolites Application (Detergents, Absorbent, Catalysts), Natural Zeolites Application, and Region - Global Forecast to 2026", The global zeolites market size is estimated to be USD 12.1 billion in 2021 and is projected to reach USD 14.1 billion by 2026, at a CAGR of 3.1% between 2021 and 2026, owing to an increase in demand of zeolites in detergent industry.

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Growing demand for synthetic zeolites in detergent industry is aiding to the growth of this segment. Synthetic zeolites are synthesized in laboratories using raw materials containing silica and alumina as the main constituents. Other raw materials used to synthesize zeolites include clay, fly ash, rice husk ash, and natural zeolites, amongst others.

Zeolites can be used as molecular sieves by mixing the powdered form of zeolites with binders and subjecting the mixture to high pressure to form molecular sieves. Molecular sieves have a microporous structure and, hence, can sieve molecules as well as selectively absorb or separate certain substances. These sieves are widely used in drying, separation, and adsorption applications.
Molecular sieves are widely used in drying applications to remove moisture from solvents and produce anhydrous solvents. Molecular sieves are widely used in insulating glass, package protection, pollution & VOC (Volatile Organic Compounds) control, medical, natural gas dehydration, carbon dioxide removal, drying, and hydrogen purification applications.

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The global zeolites market size is estimated to be USD 12.1 billion in 2021 and is projected to reach USD 14.1 billion by 2026, at a CAGR of 3.1% between 2021 and 2026, owing to an increase in demand of zeolites in detergent industry. The construction & building materials segment is the biggest application for natural zeolites. The rising demand for lightweight concrete material in the construction industry is expected to drive the use of natural zeolites.

The key market players include Albemarle Corporation (US), BASF SE (Germany), Honeywell International Inc. (US), Clariant (Switzerland), W.R. Grace & Co. (US), TOSOH Corporation (Japan), Union Showa KK, (Japan), Zeochem AG (Switzerland), KNT Group (Russia), Arkema (France), Zeolyst International (US), Huiying Chemical Industry (Xiamen) Co., Ltd. (China), Chemiewerk Bad Köstritz GmbH (Germany), NALCO India (India), and PQ (US). These players have adopted product launches, agreements, expansions, collaborations, acquisitions, divestments, and partnerships as their growth strategies.

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BASF SE is among the leading manufacturers in the zeolites market. The company is one of the major German manufacturers and marketers of chemicals in the world. In July 2020, BASF SE launched Altrium, a Fluid Catalytic Cracking (FCC) catalyst with Advanced Innovative Matrix (AIM) and IZY (Improved Zeolite-Y) technology. Atrium helps to increase transportation fuels yield (gasoline and distillate). This development strengthens the position of the company in the zeolites market.

Another important player in the zeolites market is Albemarle. In June 2018, Albemarle Corporation signed an agreement with Sinopec Catalyst Co. Ltd. (SCC), one of the manufacturers of oil refining and chemical catalysts; and Sinopec Fushun Research Institute of Petroleum and Petrochemicals (FRIPP), a research institute under SINOPEC. The agreement is related to catalytic hydrocracking for the global refining industry. The development enhanced the catalysts business unit of Albemarle and strengthened its position in the zeolites market.

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