Zeolite Market Size, Competitive Landscape and Market Forecast - 2030
Zeolite Market is segmented By Type (Natural, Synthetic), By Function (Catalysts, Adsorbents, Detergent builders, Others), By Application (Air purification, Agriculture, Petrochemicals, Water treatment, others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.
Market Overview
The global zeolites market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 3.40% during the forecast period (2023-2030).
Zeolite has a structure characterized by a framework of linked tetrahedra composed of hydrated aluminosilicate minerals. Each zeolite consists of four oxygen atoms surrounding a silicon or aluminum cation. The three-dimensional network has open cavities in the form of channels and cages, which are occupied by H2O molecules and non-framework cations. The respective channels are big enough to allow the passage of guest ionic and molecular species. The feature allows certain zeolites to exchange non-framework cations with the surrounding solution or to act as molecular sieves, such as clinoptilolite. It can remove carbon dioxide or chabazite from methane in landfills that generate gas and radiogenic strontium from nuclear wastewater.
Scope
|
Metrics |
Details |
|
CAGR |
3.40% |
|
Size Available for Years |
2021-2030 |
|
Forecast Period |
2023-2030 |
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Data Availability |
Value (US$) and Volume (Tons) |
|
Segments Covered |
Type, Application, End-User and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
Dynamics
The increasing awareness regarding environmental issues, such as air and water pollution
The demand for the products, such as adsorbents, is increasing with water management efforts for purification and wastewater treatment. Water pollution is a big problem, so governments have implemented strict laws on waste disposal in manufacturing chemicals and detergents. The increasing awareness of environmental issues, such as air and water pollution, has increased the demand for zeolites to purify water and air.
Stringent regulations and high production cost
Stringent regulations regarding the mining and processing of zeolites can add additional costs and delays to the production process. High costs associated with zeolites' production and the high transportation cost of the heavy and voluminous product may make them less competitive with other materials. Thus, stringent regulations and high production costs of zeolites could restrict the market’s growth.
Segment Analysis
The global zeolites market is segmented based on type, application, end-user and region.
Zeolites' widespread use in commercial settings helps the air purification end-user segment to dominate globally
In commercial settings, zeolites are used in air purifiers to remove pollutants and odors in offices, hotels and hospitals. The use of zeolites in commercial air purifiers is growing as businesses increasingly invest in indoor air quality to enhance employee productivity and comfort. Also, zeolites are used in industrial air purification systems, such as those found in chemical plants, power plants and oil refineries. These contribute to the air purification end-user segment's dominance in the global zeolites market.
Source: DataM Intelligence Analysis (2023)
Geographical Penetration
The growth of construction, agriculture and chemical industries in Asia-Pacific
Asia-Pacific led the regional zeolites market throughout the projection period as the economy is shifting from investment to consumption, manufacturing to services and external to domestic demand. The government intends to enhance the infrastructure in small and medium-sized cities. Thus, it is anticipated that the construction sector will continue to expand. The use of zeolites in construction applications is projected to expand due to the relevant fact. Similarly, Asia-Pacific comprises around 7% of the world's total agricultural land. During the projection period, the market for zeolites is anticipated to grow. Additionally, to fulfill the rising demand for different chemicals and petrochemicals, numerous refineries in the area have planned to enhance their capacity over the next years. The need for zeolites from this industry is anticipated to increase due to the rising demand for different chemicals on a global scale.
Source: DataM Intelligence Analysis (2023)
Competitive Landscape
The major global players include Honeywell International Inc, Arkema Group, BASF SE, Clariant, SHOWA DENKO KK, Tosoh Corporation, W. R. Grace & Co., ZEOCEM AS, Zeolyst International Inc. and Zeomex.
COVID-19 Impact Analysis
By Type
- Natural
- Synthetic
- Others
By Application
- Adsorbents
- Catalysts
- Detergents
- Others
By End-User
- Water Treatment
- Air Purification
- Agriculture
- Petrochemical
- Construction
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In June 2021, Honeywell International Inc announced that the company was partnering with the Defence Research Development Organisation (DRDO). The Council of Scientific and Industrial Research–Indian Institute of Petroleum (CSIR–IIP), Government of India, to supply molecular sieve adsorbents (zeolites) to accelerate the setting up of MOP (Medical Oxygen Plants) in the country to address the ongoing pandemic.
- On July 16, 2021, scientists from University of Leuven, Belgium and Stanford University discovered a brand-new natural process that uses zeolites to transform hazardous methane into methanol at ambient temperature.
- Zeolite nanotubes were created on January 19, 2022, by scientists at Penn State University, Georgia Institute of Technology and Stockholm University.
The global zeolites market report would provide approximately 61 tables, 60 figures and 197 Pages.
Suggestions for Related Report
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Frequently Asked Questions
What is the Zeolite Market growth?
The market is growing at a CAGR of 4.95%.
What is the Zeolite Market size in 2023-2030?
The Market size was valued at USD YY million in 2023-2030.
Who are the key players in Zeolite Market?
BASF SE, Clariant, Arkema Group, Honeywell International Inc., and Zeolyst International Inc. Other key players in the market include Albemarle., KNT Group, Fujian Risheng Chemical Co. Ltd., Anten Chemical Co. Ltd., and Zeocel.