Market Size – USD 5,466.6 Million in 2020, Market Growth - CAGR of 2.20%, Market Trends – Increasing demand from the detergent industry
New York, NY -- (SBWIRE) -- 04/26/2021 -- Increasing use of synthetic zeolites in water treatment and purification is one of the significant factors influencing market growth.
Market Size – USD 5,466.6 Million in 2020, Market Growth - CAGR of 2.20%, Market Trends – Increasing demand from the detergent industry
The global Synthetic Zeolites Market is expected to reach USD 6,520.2 Million by 2028, according to a new report by Reports and Data. The major benefits of synthetic zeolites, when compared with naturally occurring zeolites, are that they can be engineered with an extensive range of chemical properties and pore sizes and possess a high thermal stability and radiation resistance.
A major portion of synthetic zeolites produced are deployed in the detergents industry. Synthetic zeolites are environment-friendly and are used at an increasing rate as a raw material substitute to phosphates in detergent manufacturing. A rising population is expected to boost the demand for detergents, which, in turn, is projected to drive the demand for synthetic zeolites. Synthetic zeolites also find applications in the petrochemical industry as catalysts. They are commonly deployed in fluid catalytic cracking and hydrocracking of petroleum. Hence, the growing petrochemical sector is estimated to fuel the demand for synthetic zeolites. Synthetic zeolites are also beneficial as an additive in the making of asphalt concrete.
Synthetic zeolite finds application as a concrete stabilizing agent in several building mixes. By adding even a small amount of the product in the course of making cement suspensions used in the underground consolidating walls along with injectable mixes for filling cable voids, significantly enhances the mix stability.
Key participants include BASF SE, Honeywell International Inc., Albemarle Corporation, Zeochem AG, Arkema SA, Clariant AG, W. R. Grace & Co., Knt Group, Zeolyst International, and Tosoh Corporation, among others.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1990
Further key findings from the report suggest
- By product type, mordenite held a substantial market share in 2018 and is expected to grow at a rate of 2.0% in the forecast period. The high demand for mordenite is owing to the use of mordenite as an adsorbent, as a catalyst, and as an ion exchanging sieve.
- By application, the detergent builder contributed to the largest market share in 2018 and is projected to witness a growth rate of 1.8% in the forecast period. The key function of a builder in detergent products is to soften the water by removing chemicals causing water hardness (such as calcium and magnesium compounds). Moreover, in detergent powders, builders may also absorb liquid components of the formulation (like surfactants) to maintain free-flowing, dry powder characteristics.
- The Asia Pacific region dominated the market in 2018 and is expected to grow at a rate of 2.5% in the forecast period. The dominance of the Asia Pacific is owing to economic growth and high population coupled with increasing demand for detergents.
- In May 2017, Tosoh Corporation, a leading player in the market, decided to expand its manufacturing capacity for high-silica zeolite (HSZ®), a synthetic zeolite possessing exceptional thermal and acid stability, at its Nanyo Complex in Yamaguchi Prefecture. The Nanyo Complex's new plant will increase Tosoh's total HSZ production capacity of 30.0% more than its current level.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/synthetic-zeolites-market
For the purpose of this report, Reports and Data have segmented the global synthetic zeolites market on the basis of product type, application, industry vertical, and region:
Product Type Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Mordenite
Ferrierite
Linde Type A
Linde Type X
Linde Type Y
Linde Type B
ZSM-5
Others
Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Detergent Builder
Adsorbent
Fluid Catalytic Cracking
Others
Industry Vertical Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Consumer Products
Petrochemical
Construction
Agriculture
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
North America
Europe
Asia Pacific
Latin America
MEA
Request for Customization: @ https://www.reportsanddata.com/request-customization-form/1990
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 – 2028
Chapter 3. Indicative Metrics
Chapter 4. Synthetic Zeolites Segmentation & Impact Analysis
4.1. Synthetic Zeolites Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for laundry detergent
4.2.2.2. Growing demand from the construction industry
4.2.2.3. High demand for catalytic cracking in petroleum industry
4.2.2.4. Strict regulations adopted by the industries to control level of phosphates
4.2.3. Market restraints analysis
4.2.3.1. Presence of natural zeolites as substitutes
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
….
Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. BASF SE
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Honeywell International Inc.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Albemarle Corporation
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Zeochem AG
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Arkema SA
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
Continue….
Browse More Reports :
Point of Care Hemoglobin Analyzer Market Size
Machine Learning Market Share
Anhydrous Aluminium Chloride Market Trends
Anesthesia Monitors Market Growth
Processed Seafood & Seafood Processing Equipment Market Analysis
Tow Prepreg Market Business Opportunities
Thank you for reading our report. For customization inquiry or further information, please connect with us and we will ensure you get the report that meets your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com