Zeolite Catalysts Market Impact of Industry Size, Shares, and Impact Y-o-Y

Global Zeolite Catalysts Market size is expected to reach the market value of over USD 10.3 Billion by 2030 and is expected to grow at a CAGR of around 4.8% in terms of revenue during the period 2022 - 2030. Hydrated aluminosilicate minerals are zeolites, which are made from interlinked tetrahedra of alumina and silica. In other words, zeolites are solids with a comparatively open, three-dimensional crystal structure built from the elements aluminum, silicon, and oxygen, with alkali or alkaline-Earth metals which involves potassium, sodium, and magnesium plus water molecules trapped in the gaps between them.

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Also it forms with many different crystalline structures which have large open pores in a regular arrangement and roughly the same size as small molecules. Zeolites have special properties such as very stable solids that oppose the environmental conditions that challenge many other materials. Zeolites have relatively high melting points and as they resist high pressure, they don't burn or dissolve in water or other inorganic solvents and do not oxidize in air.

Rapidly growing demand for high-performance catalysts that capitulate higher output, especially from oil and gas industry, is one of the key drivers of the zeolite catalyst market. Growing demand for zeolite catalyst in refining application is fuelling the growth of zeolite catalysts, worldwide. Furthermore, stringent rules of government and rising awareness regarding the advantages offered by using zeolite catalysts such as reduced emission in automobile exhaust, energy efficiency, and other such environmental benefits have further boosted the growth of global zeolite catalyst market.

Zeolite Catalyst Plays A Vital Role In Petroleum Refining

The wide number of applications of zeolite catalyst in petroleum refining is boosting the market growth and held the largest share compared to other applications. Zeolite catalyst plays vital role in petroleum refining as most of the processes prefer crude units which are catalytic. Most fuels are produced through fractional distillation process, but do not meet the quality requirements for low-sulfur and higher-octane fuels and hence are needed to be further processed. Gasoline, having characteristics of anti-knocking, is produced with catalytic cracking of heavy hydrocarbons of selective catalysts and zeolites. Availability of new materials and demand for improved fuels and lubricants have resulted in advanced innovations in zeolite catalysis in petroleum refining applications, thus driving the market growth.

Regional Outlook

Based on geographical outlook, market is classified into North America, Europe, China, Japan, Southeast Asia, India, and Rest of the World. North America held largest share in zeolite catalyst market in 2017 due to the wide range of application in industrial sector such as natural gas. Furthermore, Europe region is the second largest end-user of zeolite catalyst in the world. The key factor driving the market in this region is the adoption of stringent rules for reduction of nitric oxide (NO) emissions from mobile and stationary applications. Moreover, China is one of the largest producers of natural zeolite, owing to the chemical market alone. It is the leading region in Asia-Pacific market and one of the significant exporters of zeolite.

Key Players

Some of the key players operating in the global zeolite catalysts market, profiled in the report include Clariant, Eurecat, UOP (Honeywell), Tosoh Corporation, and among others.

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