Press release
Zeolites Market Predicted to Reach US$ 28.6 Billion at a CAGR of 6% by 2034
Zeolites Market
The building sector is currently experiencing a surge in demand for lightweight materials, which is contributing to the increased use of natural zeolites. They are used to improve the durability and mechanical strength of a variety of construction materials, including concrete and cement. Furthermore, increased investments in petrochemical manufacturing are expanding zeolite suppliers' market potential.
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Several regulations have been enacted to prevent the use of phosphate in detergent manufacture. As a result of their lower toxicity when compared to STPP, demand for zeolites is increasing. Furthermore, the growing usage of zeolite as a refrigeration adsorbent and in water treatment methods is adding to its increased sales.
Key Takeaway from Market Study
Zeolite sales are expected to reach $12.19 billion globally by 2024.
The global zeolite market is expected to reach US$ 19.85 billion by the end of 2034.
The market is expected to grow at a 5% CAGR from 2024 to 2034.
East Asia is expected to account for 24.6% of worldwide market value by the end of 2034.
Zeolite sales in South Korea are expected to grow at a 6.3% CAGR between 2024 and 2034.
Global demand for synthetic zeolite is expected to grow at a 5% CAGR, reaching a market worth of US$ 13.74 billion by the end of 2034.
"Rising investments toward increasing petrochemical production and growth of the detergent industry are key factors contributing to growing demand for zeolite," says a Fact.MR analyst.
Rising Use of Zeolite in Several Industries in East Asia
Demand for zeolites in East Asia is expected to grow at a CAGR of 4.6%, reaching $4.88 billion by the end of 2034. Growing demand for water recycling and petrochemical facilities is expected to drive demand for zeolites in the region. Furthermore, increased manufacturing of animal feed and cement is expected to drive up demand for zeolites.
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Key Market Players
Some of the key suppliers of zeolites are BASF, Albemarle Corporation, Blue Pacific Minerals, Clariant AG, CWK Chemiewerk Bad Kostritz GmbH, Gordes Zeolite, GCMIL, KMI Zeolite, ROTA MINING CORPORATION, and Zeolyst International.
Key Segments of Zeolite Market Research
By Type:
Natural
Synthetic
By End Use:
Building & Construction
Water Treatment
Animal Nutrition
Odor Control & Desiccant
Detergents
Agriculture
By Region:
North America
Latin America
Eastern Europe
Western Europe
East Asia
South Asia & Pacific
Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the zeolite market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on product (natural zeolite, synthetic zeolite) and application (catalysts, adsorbents, detergent builders, cement, animal feed), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
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