Press release
Zeolite Market Size Projected To Reach $24.54 Billion By 2034 With A Cagr Of 5.3%
Zeolite
What Is the Projected Growth of the Zeolite Market?
The zeolite market will grow from $18.91 billion in 2024 to $19.98 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth is driven by the increasing demand for eco-friendly materials, growth in the agricultural sector, the global pet industry, sustainable agriculture practices, and greater awareness of zeolite's health benefits.
The zeolite market is expected to grow strongly, reaching $24.55 billion in 2029, at a CAGR of 5.3%. The growth is attributed to investments in petrochemicals production, increasing demand for phosphate-free detergents, rising public infrastructure projects, the use of zeolite as refrigeration adsorbents, and the growing water treatment industry. Major trends include technological advancements, natural deodorizing agents, zeolite in food packaging, advanced zeolite-based adsorbents, and zeolite
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What Are the Different Zeolite Market Segments?
The zeolitemarket covered in this report is segmented -
1) By Type: Natural, Synthetic
2) By Application: Gas Separation, Odor Control, Ion Exchange, Catalysis, Adsorbent, Oil Refining, Detergent, Artificial Grass, Animal Feed, Other Applications
3) By End-Use Industry: Water Treatment, Agriculture, Petrochemical, Waste Treatment, Air Purification, Building And Construction, Nuclear Plants, Medical And Healthcare, Home And Industrial Cleaning, Other End-Use Industry
Subsegments:
1) By Natural Zeolite: Clinoptilolite, Mordenite, Chabazite, Other Natural Types
2) By Synthetic Zeolite: Zeolite A, Zeolite X, Zeolite Y, ZSM-5, Other Synthetic Types
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What Are the Primary Drivers Shaping the Zeolite Market?
The growing construction industry is expected to drive the growth of the zeolite market. The construction sector is expanding due to urbanization and increased demand for housing and infrastructure. Zeolite is used in construction for its properties that enhance concrete strength, durability, and insulation. For example, construction spending in the U.S. rose to $2,162.7 billion in July 2024, a 6.7% increase from the previous year. As a result, the growth of the construction industry will drive the zeolite market.
Which Companies Are Leading in the Zeolite Market?
Major companies operating in the zeolite market are BASF SE, Honeywell International Inc., Arkema Group, Tosoh Corporation, Clariant AG, W.R. Grace & Co., Zeochem AG, Zeolyst International, Gordes Zeolite, St. Cloud Mining Company, Zeolite Australia Pty Ltd., KNT Group, Blue Pacific Minerals Ltd., Zeotech Corporation, Ningbo Jiahe New Materials Technology Co. Ltd., Zeo Inc., International Zeolite Corp., Bear River Zeolite Co. Inc., Ida-Ore Zeolite, Teague Mineral Products, Rota Mining Corporation, KMI Zeolite, Shijiazhuang Jianda High-Tech Chemical Co. Ltd
What Are the Major Trends Shaping the Zeolite Market?
Major Companies in the zeolite market are focusing on launching production plants to manufacture nutrient-infused zeolite. A production plant is a facility where goods are produced in large quantities. For example, in March 2023, International Zeolite Corp., a Canada-based company involved in the exploration, development, and production of natural zeolite and related products, inaugurated its first production plant in Jordan, Ontario. The plant, utilizing NEREA technology, is designed to produce nutrient-infused zeolite aimed at transforming agricultural practices by improving crop size and yield while reducing waste from conventional fertilizers. The plant's future expansion will allow for the production of up to 25,000 kilograms of agricultural nutrient products per day.
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What Are the Top Revenue-Generating Geographies in the Zeolite Market?
Asia-Pacific was the largest region in the zeolite market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the zeolite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Zeolite Market?
2. What is the CAGR expected in the Zeolite Market?
3. What Are the Key Innovations Transforming the Zeolite Industry?
4. Which Region Is Leading the Zeolite Market?
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