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Future of the Zeolite Market: Trends, Innovations, and Key Forecasts Through 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Zeolite Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the size of the zeolite market has experienced a continuous rise. Projections predict that it will escalate from $18.91 billion in 2024 to $19.66 billion in 2025, showing a compound annual growth rate (CAGR) of 4.0%. The augmentation during the historical period can be credited to the growing demand for environmentally friendly products, expansion in the agricultural sector, upturn in the global pet industry, rising emphasis on sustainable agricultural methodologies, and increased consciousness regarding the health advantages of zeolite.
How Will the Zeolite Market Size Evolve and Grow by 2029?
In the coming years, the zeolite market is projected to experience consistent growth, reaching a valuation of $23.71 billion in 2029, representing a compound annual growth rate (CAGR) of 4.8%. This progression during the forecast period can be credited to numerous factors such as the surge in investments towards the broadening of petrochemical production, increased demand for phosphate-free soaps, a growing stream of public infrastructure projects, a heightened utilization of zeolite as refrigeration adsorbents, and an escalated need in the water treatment sector. Key trends predicted for the forecast period involve technological enhancements, natural odor-eliminating agents, the use of zeolite in food packaging, sophisticated zeolite-based adsorbents, and zeolite-infused membranes.
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What Drivers Are Propelling the Growth of Zeolite Market Forward?
The zeolite market is expected to witness significant growth owing to the expansion of the construction sector. The construction field comprises the creation and establishment of infrastructure and buildings which include projects related to residential, commercial, and industrial categories. The surge in this industry is due to escalating urbanization, growing requirement for housing and infrastructure, and state funding for development plans. The construction sector utilizes zeolite for its characteristics like light weight, the ability to reinforce concrete strength, enhance longevity, and offer thermal insulation, thus proving to be an efficient mineral additive in construction materials. For example, as per the US Census Bureau, a government organization in the United States, in September 2024, construction expenditure was projected at an annual adjusted seasonally rate of $2,162.7 billion in July 2024, signifying a 6.7% rise (±1.8%) compared to the $2,027.4 billion spent in July 2023. Construction expenditure for the first seven months of this year reached $1,237.5 billion, an increase of 8.8% (±1.2%) compared to the $1,137.4 billion expenditure during the equivalent period in 2023. Consequently, the robust construction industry is contributing to the expansion of the zeolite market.
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What Trends Will Shape the Zeolite Market Through 2029 and Beyond?
Key players in the zeolite market are shifting their focus to the commencement of production factories, specifically for the manufacture of nutrient-rich zeolite. Essentially, a production plant is a location where products are mass-produced. For example, in March 2023, the International Zeolite Corp - a Canadian corporation that focuses on exploration, production, and distribution of both natural zeolite and zeolite-infused products - inaugurated its pioneering production plant in Jordan, Ontario, Canada. The business views this as a notable step in their growth journey. Using NEREA technology, the plant possesses the capacity to create nutrient-rich zeolite, a change aimed at revolutionising agricultural practices by increasing crop volume and yield, alongside reducing the waste associated with traditional fertilizing techniques. The future enlarging of this plant will allow for the daily production of approximately 25,000 kilograms of agricultural nutrient growth system products.
What Are the Key Segments in the Zeolite Market?
The zeolite market 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 Healare, 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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Who Are the Key Players Shaping the Zeolite Market's Competitive Landscape?
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. 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 Geographic Markets Are Powering Growth 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.
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