The synthetic zeolite market size has the potential to grow by USD 346.39 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (detergents, catalysts, adsorbents, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Albemarle Corp., Arkema SA, BASF SE, Clariant International Ltd., CWK Chemiewerk Bad Kostritz GmbH, Honeywell International Inc., PQ Corp., SHOWA DENKO K.K., Tosoh Corp., and W. R. Grace and Co.
Market Overview
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Market Competitive Analysis
The synthetic zeolite market is fragmented. Many vendors are engaged in R&D activities, which results in numerous solutions for stabilizing synthetic zeolites. Albemarle Corp., Arkema SA, and BASF SE are some of the major market participants. Although the increasing demand from catalysts and absorbents will offer immense growth opportunities, the stability of zeolites will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this synthetic zeolite market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this synthetic zeolite market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Albemarle Corp.
- Arkema SA
- BASF SE
- Clariant International Ltd.
- CWK Chemiewerk Bad Kostritz GmbH
- Honeywell International Inc.
- PQ Corp.
- SHOWA DENKO K.K.
- Tosoh Corp.
- W. R. Grace and Co.
Synthetic Zeolite Market: Segmentation by End-user
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Synthetic zeolites are mainly used in the detergent industry as detergent builders. Common zeolites used in detergents are Zeolite P, X, and AY. The global detergent market is growing significantly due to changing washing habits, a change in lifestyle, rapid urbanization, increasing disposable incomes, and the rising demand for industrial and household detergents. This growing detergent market is increasing the consumption of synthetic zeolites. This report provides an accurate prediction of the contribution of all the segments to the growth of the synthetic zeolite market size.
Synthetic Zeolite Market: Segmentation by Geography
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APAC was the largest synthetic zeolite market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising demand from the detergent, catalyst, absorbent, and paint industries will significantly drive synthetic zeolite market growth in this region over the forecast period.
40% of the market’s growth will originate from APAC during the forecast period. Japan, South Korea (Republic of Korea), and India are the key markets for synthetic zeolite in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Synthetic Zeolite Market: Key Drivers and Trends
The rising demand for catalysts and absorbents will be one of the major factors that will drive synthetic zeolite market growth. The R&D activities to manufacture advanced absorbents is increasing due to the growing environmental concerns and the rising demand from the automotive and air conditioning industries. This, in turn, will drive the growth of the market during the forecast period since synthetic zeolite is used as an absorbent in the automotive, compressed gas, and air conditioning industry for removing impurities and for drying gases and fluids.
The increasing focus of the vendors towards innovating their offerings will subsequently lead to the rise in the usage of synthetic zeolites from rice husks. These zeolites can be used as catalysts in the petrochemical industry and in water treatment and ion exchange for filtrations. According to our industry research report, the development of synthetic zeolites from organic raw material will be one of the major trends that will gain traction in the synthetic zeolite market. The market will register a CAGR of almost 4% during the forecast period.
Synthetic Zeolite Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive synthetic zeolite market growth during the next five years
- Precise estimation of the synthetic zeolite market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the synthetic zeolite industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of synthetic zeolite market vendors
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