Synthetic Zeolites Market Research Report Forecast - Global till 2030

Synthetic zeolites Market: Information by Type (Zeolite A, Type X, Type Y, USY, ZSM-5 and others), Function (Ion-Exchange, Catalyst and Adsorbent/Molecular Sieves), End-Use Industry (Detergents; Refining; Petrochemicals; Wastewater Treatment; Air Separation; Refrigerants; Coatings, Adhesives, Sealants & Elastomer (Case) and others) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/3583-HCR | February 2021 | Region: Global | 140 pages

Synthetic Zeolites Market Speak to Analyst Request a Free Sample

Synthetic Zeolites Market Overview


The global synthetic zeolites market is expected to register a CAGR of over 2.5 % to reach to over USD 6.1 billion by end of 2025.


Zeolites can be understood as crystalline, microporous, hydrated aluminosilicates that are obtained by hydrothermal crystallization of aluminosilicate gels. Zeolites are synthesized by making use of cheaper raw materials in comparison to silica and alumina sources such as clay minerals, natural zeolites, coal ashes, municipal solid waste incineration ashes, and others like industrial slags. Zeolites are manufactured in very precise, crisp, unique, sturdy, and uniform sizes with a motive to suit specific applications of various customers.


COVID 19 Analysis


Since the pandemic has assumed control over the ordinary patterns and method of living of the common person, the market players have been battling to stay aware of the trends and present new and changed preferences and demands. One of the significant issues which the business sectors have looked since the Covid outbreak is that there is the inaccessibility of talented work because of the forced lockdown of the temporary and permanent kind close by the diminished accessibility of natural resources and substances that are at last prompting a significant disturbance in the production network system. Additionally, the decrease in the work openings individuals is encountering battles and causing inability amongst the customers to meet their everyday needs also that have been presenting significant issues for development for the worldwide market tasks by the end of the forecast period in 2028.


The rising government support and the steady open area drives are probably going to help the market cover the misfortunes and consequently, make do on the working and contributions during the figure time frame. Likewise, the competent market players that are functioning in major worldwide locations are expanding their interest in the innovative work drives that will help in creating energetic items that will improve the market size in the period. Likewise, a fulfilled client implies a superior profit from interests over the long haul.


Competitive Landscape


There has been a huge degree of demand noted for the synthetic zeolites market share in the global market premises. The report helps to draw a competitive market graph amongst the following market companies:



  • National Aluminium Company Limited (India)

  • Union Showa KK, (Japan)

  • Zeolyst International (US)

  • Chemiewerk Bad Kostritz GMBH (Germany)

  • Zeochem AG (Switzerland)

  • Huiying Chemical Industry (China)

  • PQ Corporation (US)

  • KNT Group (Russia)

  • Arkema SA (France)


Global Synthetic Zeolites Market Share, by Application, 2018 (%)  Synthetic Zeolites Market


Source: MRFR Analysis


Market Dynamics


Drivers


The synthetic zeolites market trends show a growing preference for synthetic zeolites in the form of adsorbents and an array of market applications such as wastewater treatment, air purification, personal hygiene products, and others like cosmetics is likely to create lucrative opportunities for the market players that are operating in the global synthetic zeolites market which will lead to a massive expansion in the global locations during the forecast period that will be ending in 2028. The product demand for adsorbent applications, as a part of the market, is likely to increase at a significant rate because of the growing environmental emissions primarily by the transportation sector during the ongoing forecast period of 2021-2028.


Restraints


However, one of the major issues that might hamper the synthetic zeolites market value during the forecast period is that the high cost associated with the employment of the market products in a huge lane of industries and end-use companies might hamper the overall functioning budget. Further, the lack of reliable information regarding the market products is posing challenges for the global market and curbing the opportunities to dwell upon as per the predictions laid by the market players and industry leaders, and analysts.


Technology Analysis


Zeolites as a major ingredient of the market find their use as an ion exchanger, catalyst, and adsorbent in a wide array of applications. Among these, zeolites are primarily used as a trusted ingredient in the detergents industry as an ion exchange water softener to help in removing calcium and magnesium and softening the hard water. Detergents application had accounted for the majority share of the global synthetic zeolites market during the historic forecast period that had ended in 2019. Apart from detergents, these products find applications in the refining processes and petrochemicals applications as a catalyst, and in refining, natural gas, petrochemicals, air separation, coatings, adhesives, sealants, refrigerants, water treatment, hygiene products, along with a nonwoven filter media as an adsorbent.


Study Objectives



  • To extend the modern extent of the market dependent on the impacts of the pandemic available tasks and the elements as drivers, openings, and restrictions accessible to the market during the review period of 2021-2028.

  • To comprehend the market division that is useful in mushrooming worldwide areas that will influence the worldwide market valuation before the finish of the period and influence the choice of the expected financial backers on a worldwide scale.

  • To concentrate on the new improvements of the competent players of the market during the period and draw a cutthroat degree that wins dependent on the worldwide market working before the finish of the forecast period in 2028.


Segment Overview


The synthetic zeolites market trends are likely to be the maximum due to the splendid performance of the market segments for various consumer groups and in different locations. The market segmentation is:


Based on function:


The global market has been segmented as ion exchange, catalyst, and adsorbent or the molecular sieve.


Based on the type:


The global market has been segmented into zeolite A, type X, type Y, ultrastable Y (USY), and others like ZSM-5.


Based on application:


The global market has been segmented into products and processes like detergents; refining; petrochemicals; wastewater treatment; air separation; refrigerants; coatings, adhesives, sealants, and elastomers (CASE), amongst others.


Based on the global regions:


The synthetic zeolites market value is the maximum owing to its segregation in global countries like North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Regional Analysis


The APAC regional market had accounted for the largest share of the global synthetic zeolites market during the forecast period that had ended in 2019 and is expected to witness significant growth during the current review period. The market growth is because of the growing refining industry that is meeting the rapidly increasing needs and oil demand. Also, the growing industrial base in the Southeast Asian nations is being coupled with the rising per capita disposable income is emerging as another important factor that is likely to help the market propel in the APAC region.


Also, the European region is likely to undergo prominent synthetic zeolites market growth due to the increasing use of oil, gas, and nuclear power in various industries.


Recent Developments



  • The global growth of the synthetic zeolites market is likely to soar high in this forecast period because of the expansion of the detergents industry, particularly in developing nations based on growing industrialization. There are various grades of zeolites mainly type A, P, Y, X, and AX. They are being widely used and recognized for their benefits in the detergents industry.

  • There has been widespread use of zeolites in the form of a catalyst in the refining and petrochemical industry which is another important factor that is propelling market growth. The expansion of the petrochemicals industry in the Asia-Pacific region owing to the increased demand and recognition for chemicals in rapidly growing amongst the end-use industries is likely to drive the growth of the global synthetic zeolites market during the forecast period of 2021-2028.

  • The global market players are witnessing the need for products that comply with the environmental regulations and hence, investing in the research and development departments for the same. The product demand for adsorbent applications as a part of the market is likely to increase at a significant rate due to the growing environmental emissions primarily by the transportation sector.


Intended Audience



  • Synthetic zeolites traders, suppliers, and manufacturers

  • Traders, wholesalers, and distributors of synthetic zeolites

  • Research firms and development institutes

  • Potential market buyers and investors

  • Raw material distributors and suppliers

  • Nationalized laboratories and public sector utilities


Report Overview


The synthetic zeolites market value is likely to attain good growth as discussed by the market report. The main aim behind this is the rising prevalence of resources that are ensuring the smooth functioning of the market players and meeting the rising needs of the target audience to maintain market equilibrium. The report discusses prominent factors that give rise to global competition and the recent developments of the industry in the forecast period.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • USD 6.1 billion
  • 2030: Significant Value
  •   CAGR

  • 2.5 %
  • 2030 : Substantial Value
  •   Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Function and End-Use Industry
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Albemarle Corporation (US), BASF SE (Germany), Honeywell International Inc. (US), Clariant (Switzerland), W. R. Grace & Co.-Conn. (US), Tosoh Corporation (Japan), Union Showa K.K. (Japan), Zeochem AG (Switzerland), Arkema SA (France), Zeolites and Allied Products Pvt. Ltd (India), Gongyi City Meiqi Industry & Trade Co., Limited (China), and Zeolyst International (US)
      Key Market Opportunities   Growing preference for synthetic zeolites as adsorbents in applications such as wastewater treatment, air purification, personal hygiene products, and cosmetics.
      Key Market Drivers

  • Expanding the petrochemicals industry on account of increased demand for chemicals in rapidly growing end-use industries.
  • Increasing use in the petrochemical and refining industry.


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    The synthetic zeolites market is projected to grow at a 2.5% CAGR between 2017-2025.

    The synthetic zeolites market is predicted to touch USD 6.1 billion by 2025.

    The APAC region is expected to have a major share in the synthetic zeolites market.

    Different end use industries for synthetic zeolites include adhesives, coatings, petrochemicals, and others.

    Increasing use in the petrochemical and refining industry is boosting market growth.