US Zeolite Market Size was valued at USD 0.6 Billion in 2022. The zeolite industry is projected to grow from USD 0.64 Billion in 2023 to USD 0.913 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.50% during the forecast period (2023 - 2032). One of the main market driver favorably impacting the market is the growing use of zeolites in petrochemical as a catalyst for different reactions involving organic molecules.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
One of the main reasons propelling the growth of the global zeolite market is the growing use of zeolite as a refrigeration adsorbent. There is a significant uptake of inexpensive refrigeration techniques in emerging nations. Customers' desire to preserve food products is the reason behind this, especially in remote locations where traditional refrigeration systems are too expensive. Furthermore, in remote locations, power supplies are not always available. Zeolite is typically needed in the refrigeration adsorption system in order to produce a cooling effect. The use of refrigerators with zeolite as an adsorbent and water as a refrigerant has grown significantly in the last two to three years due to technological advancements. Because they may be activated by low-grade heat energy, these systems have grown in popularity. The reason for this is that these systems do not contribute to global warming since they employ zeolite as a refrigerant, which prevents the ozone layer from being destroyed. With respect to the refrigeration absorption system, the refrigeration adsorption system is superior due to a number of factors, including its wider temperature operating range and lower risk of corrosion. Throughout the projected period, the expansion of the worldwide zeolite market will be supported by the rising demand for zeolite as refrigeration adsorbents.
The functionality has been greatly enhanced by zeolites. As the main component of laundry detergents, they are becoming more popular despite the problems with silicates, soda ash, and sodium sulfate. Detergent makers are pulling phosphates from their products as a response to environmental concerns; this should enhance consumer uptake of the product. Additionally, due to the product's advantages in terms of production, economy, and ecology, the US zeolite market share is increasing in cleaner applications. Competitor pressure drives detergent producers to use more affordable production processes and raw resources. During the course of the projection period, this is anticipated to drive product demand. Thus, driving the zeolite market revenue.
The US Zeolite market segmentation, based on type includes Natural and Synthetic. The synthetic segment dominated the market mostly due to increased consumer awareness toward a clean environment. The items aid in the production of high-quality climate-friendly detergent, which drives product demand. The capacity of detergent builders to avoid foreign particle deposition and excellent dirt removal efficiency has also contributed to the rise of the zeolite market in the United States.
The US Zeolite market segmentation, based on application, includes Natural (Construction & Building Materials, Animal Feed, Wastewater Treatment, Soil Remediation, Others) and Synthetic (Detergents, Catalysts, Absorbents). The synthetic category generated the most income because of the animal feed industry's ongoing need as well as advantageous regulatory regulations. Over the next ten years, the market is anticipated to increase at a healthy rate. High dispersibility and minimal abrasiveness make the synthetic product much sought after. The market share is anticipated to increase due to the increasing demand for detergents with builders because of their improved cleaning capabilities.
Figure 1: US Zeolite Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Since the product is so widely used, there has been a noticeable increase in demand for it in the United States, which presents market participants with attractive potential. These include of applying soil conditioners, controlling odors, and providing animal feed. Additionally, the industry would probably be significantly impacted by the US corporations' expansion into the animal feed sector. Food and Drug Administration (FDA) regulations regarding the usage of animal feed products are one factor contributing to this growth. These guidelines aim to guarantee the safety and quality of animal feed. In the US, this will aid in market expansion. In addition, the expanding need for detergents and the growing use of products with advanced processing methods in the nuclear industry to remove radioactive waste are expected to have a positive impact on the business's success beyond the forecast period.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the zeolite market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, zeolite industry must offer cost-effective items.
Major players in the zeolite market are attempting to increase market demand by investing in research and development operations includes Honeywell International Inc. (U.S.), Arkema S.A. (France), Tosoh USA, Inc. (U.S.), BASF SE (Germany), W. R. Grace & Co. (U.S.), Zeolyst International (U.S.), Bear River Zeolite Co. (U.S.), St. Cloud Mining (U.S.), Zeotech Corporation (U.S.), and Hengye Inc. (U.S.).
Honeywell International Inc. (U.S.)
Arkema S.A. (France)
Tosoh USA, Inc. (U.S.)
BASF SE (Germany)
W. R. Grace & Co. (U.S.)
Zeolyst International (U.S.)
Bear River Zeolite Co. (U.S.)
St. Cloud Mining (U.S.)
Zeotech Corporation (U.S.)
Hengye Inc. (U.S.)
June 2020: BASF SE has introduced a Fluid Catalytic Cracking catalyst called 'Altrium.' In addition, (Improved Zeolite-Y) and advanced Innovative Matrix technology were introduced by the company. The Altrium increases the production of transportation fuels and metal tolerance. The corporation hoped to increase its position in the global market by launching this product.
June 2019: Rive Technology, Inc. and its proprietary molecular highway zeolite technology were purchased by W. R. Grace & Co. The acquisition would add in-house restructuring to W. R. Grace & Co.'s skills while also assisting in the expansion of its production capacity.
Natural
Synthetic
Natural
Construction & Building Materials
Animal Feed
Wastewater Treatment
Soil Remediation
Others
Synthetic
Detergents
Catalysts
Absorbents
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.6 Billion |
| Market Size 2023 | USD 0.64 Billion |
| Market Size 2032 | USD 0.913 Billion |
| Compound Annual Growth Rate (CAGR) | 4.50% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | and Region |
| Countries Covered | US |
| Key Companies Profiled | Honeywell International Inc. (U.S.), Arkema S.A. (France), Tosoh USA, Inc. (U.S.), BASF SE (Germany), W. R. Grace & Co. (U.S.), Zeolyst International (U.S.), Bear River Zeolite Co. (U.S.), St. Cloud Mining (U.S.), Zeotech Corporation (U.S.), and Hengye Inc. (U.S.) |
| Key Market Opportunities | Raising Awareness of Environmental Problems Including Pollution of the Air and Water |
| Key Market Dynamics | Growing End-user Industry Demand for Phosphate-Free Detergents Growing Needs in the Construction Industry |
US Zeolite Market Market Highlights:
Frequently Asked Questions (FAQ) :
The US Zeolite market size was valued at USD 0.6 Billion in 2022.
The market is projected to grow at a CAGR of 4.50% during the forecast period, 2023-2032.
The key players in the market are Honeywell International Inc. (U.S.), Arkema S.A. (France), Tosoh USA, Inc. (U.S.), BASF SE (Germany), W. R. Grace & Co. (U.S.), Zeolyst International (U.S.), Bear River Zeolite Co. (U.S.), St. Cloud Mining (U.S.), Zeotech Corporation (U.S.), and Hengye Inc. (U.S.).
The synthetic category dominated the market in 2022.
The synthetic category had the largest share in the market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
