Press release
Synthetic Zeolites Market Share Will Hit $7.3 Billion By 2031 | Growth With Recent Trends & Demand
Synthetic Zeolites Market
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Report Coverage & Details:
Report Coverage Details
Forecast Period 2022-2031
Base Year 2021
Market Size in 2021 $5.3 billion
Market Size in 2031 $7.3 billion
CAGR 3.3%
No. of Pages in Report 300
Segments covered zeolite type, application, and region
Drivers Several nations have established regulations prohibiting the use of phosphate builders in the production of detergents, which has led to an increase in the use of zeolites
Opportunities It is environmentally friendly
Restraints The availability of substitutes
High production costs of synthetic zeolite
Covid-19 Scenario:
The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global synthetic zeolites market, owing to implementation of global lockdown.
Halted production and disrupted supply chains resulted in plummeting demand for zeolite at a global level.
Moreover, the demand for the consumer goods reduced drastically. The global lockdown has forced the government to shut down various manufacturing plants, which resulted in decline in demand for various consumer goods.
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The research provides detailed segmentation of the global synthetic zeolites market based on zeolite type, application, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on zeolite type, the type Y segment held the highest share in 2021, accounting for around two-fifths of the global synthetic zeolites market, and is expected to continue its leadership status during the forecast period. In addition, the same segment is expected to register the highest CAGR of 3.7% from 2022 to 2031.
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Based on application, the detergents segment accounted for the highest share in 2021, contributing to nearly two-fifths of the global synthetic zeolites market, and is expected to maintain its lead in terms of revenue during the forecast period. In addition, the same segment is expected to manifest the highest CAGR of 3.6% from 2022 to 2031.
Based on region, Asia-Pacific held the largest share in 2021, contributing to more than two-fifths of the global synthetic zeolites market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 3.6% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Leading market players of the global synthetic zeolites market analyzed in the research include Clariant, Tosoh Corporation, KNT Group, W. R. Grace & Co.-Conn., Zeolyst International, CWK Chemiewerk Bad Köstritz GmbH, BASF SE, Albemarle Corporation, Arkema, and Honeywell International Inc.
The report provides a detailed analysis of these key players of the global synthetic zeolites market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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