Albany, NY -- (SBWIRE) -- 09/20/2018 -- The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as "Global Zeolite for Detergents Market Insights & Development Forecast during 2018 – 2028". The fact-based research report on Global Zeolite for Detergents Market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analyzed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and the Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis of how the metal caps and closures market is expected to develop in the future.

The global zeolite for detergents market is estimated to be valued at US$ 1.4 Bn by 2018 end and is expected to reach US$ 1.8 Bn by the end of 2028 while expanding at a CAGR of 2.6% over the forecast period. The global zeolite for detergents market is anticipated to represent the incremental opportunity of US$ 0.4 Bn between 2018 and 2028.

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Over the recent past, governments of several countries have limited or restricted the use of phosphate compounds as builder materials in detergents. For instance, in 2017, the EU regulation banned the use of phosphate compounds in detergents, such as laundry, dishwashing detergents, and tablets detergents, among others. As zeolites are an alternative to phosphate detergent builders, the demand for zeolites has increased across the globe. Thus, stringent regulations regarding the use of phosphate compounds in detergents are, in turn, expected to drive the zeolite market. Moreover, growing demand for powder detergents across the globe wherein zeolites is prevalently used as a builder (around 20-30% by volume) will, in turn, help to drive the zeolites for the detergent market. With growing economic prosperity and increasing purchasing power, people are moving towards the use of products that were earlier unaffordable. This, in turn, has resulted in increased demand for consumer products, such as personal care and home care products, among others. This consumer market growth, in developing regions, will help to drive the raw material market, such as the market for zeolites, surfactants, solvents, and additives. Thus, rising disposable income in developing regions will drive the zeolites market over the forecast period.

On the basis of product type, Zeolite A segment accounted for more than 80% value share in 2018. Growing demand for zeolite 4A in detergents across the globe, especially in China and Europe, will help to drive the Zeolite A market during the forecast period.

Europe dominates the global market; India and China tipped to be high growth markets by the end of the forecast period

From a regional perspective, zeolite for detergents market in China is projected to witness relatively healthy growth over the forecast period. The China zeolite for detergents market is estimated to account for a share of around 15.5% in the global market value by 2028 end. Availability of low-cost raw materials and growing detergent industry in China are the major factors expected to boost demand for zeolites over the forecast period. Moreover, SEA and India markets are estimated to grow with the healthy CAGRs over the forecast period.  However, the Europe and North America zeolites market are relatively mature owing to which slow growth of zeolite for detergents market is expected in respective regions. Zeolite for detergents market in North America is expected to reach US$ 414.4 Mn by the end of 2028. The zeolite for detergents markets in North America is expected to increase at a CAGR of around 2.2% over the forecast period.

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