Sun, 12 Jul 2020

WiseGuyReports.Com Publish a New Market Research Report On –" Zeolites Market Segment by Applications, Manufacturers, Regions and Forecast to 2026".

Zeolites Industry 2019

Description:- Zeolites are primarily hydrated three-dimensional microporous aluminosilicate minerals that are being used in water filters and water softeners. Zeolite minerals have a relatively porous structure that makes them suitable for usage in detergents, petrochemicals, nuclear, refrigeration, concrete, and various other end-user industries. Moreover, the increasing demand for zeolites in major end-use industries is further expected to accelerate the market growth during the forecast year.

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Major Key Players Analysis :-

The key players operating in the zeolite market includes Tosoh Corporation, KNT Group, Clariant, Zeochem AG, BASF SE, Interra Global Corporation, Arkema Group,UOP LLC, and others. To strengthen their positions in the global market, these key manufacturers are adopting various strategies including capacity expansion in Asia Pacific and Europe to cater to the rising demand in these regions.

The zeolite structure is composed of silicon-oxygen-aluminum linkages that form pores of identical size on the upper crest of the mineral. Zeolites have regular internal cavities and interconnected channels of distinct sizes and shapes. The varied internal structure of zeolites is attributed to a diverse crystal structure and chemical composition. The global zeolite market size was valued at US$ 34.5 billion by 2023 and is expected to grow at a high CAGR during the forecast years. The market is witnessing growth due to the growing demand for detergents, rising awareness about hygiene among consumers, and increasing refining output. In addition to these, the increasing need for natural products in pet litters, agriculture, and concrete industries is further expected to accelerate the market growth during the forecast period. The market is further growing due increasing water treatment activities for treating waste water and water purification. This in turn, is expected to drive the demand for the product as an adsorbent.

This zeolites market report covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the near future. Adsorbents are the highly potential application segment

Adsorbents are the key application segment of zeolites. They are primarily being used in absorbing a variety of materials owing to their unique properties such as low density with significant porosity and permeability, a high degree of hydration, large molecular void volume and channel ways in the dehydrated crystal, and the stability of the crystal structure when dehydrated, among others. Moreover, they can also be regenerated again for re-use. They can be used in molecular sieves that primarily trap molecules of a certain perimeter when they are being passed through its framework.

Many new projects and campaigns have been launched across the globe to meet water and air quality demand. For instance, Saudi Arabia is planning to spend SAR 2 billion to construct nine seawater desalination plants in the Red Sea coastal city of Jeddah, which would have significant usage to generate portable water for the existing population. In addition to this, various initiatives have been taken to reduce air population across various countries. For instance, in February 2018, a 14-day campaign was launched in Delhi, India, to reduce air pollution. Thus, the demand for zeolites is expected to increase during the forecast period.

In the year 2018, the Asia-Pacific region dominated the global zeolite market. China is the largest producer and consumer of zeolites across the globe. The country produced approximately 410,000 metric tons zeolites in the year 2018. The consumption of zeolites has increased recently due to the growing water requirement from the industrial sector and changing governmental regulations over the use of desalinized seawater for residential purposes. According to government statistics, the water shortage in China's coastal areas is expected to reach 21.4 billion cubic meter by 2030. This shortage of water for industrial and residential use is further expected to increase the demand for desalination systems over the coming years. Moreover, under the 13th Five-Year-Plan (2016-2020) of China, the government has planned to invest RMB 559 billion in the water treatment industry. Due to all these factors, the Asia-Pacific region is expected to dominate the market over the coming years.

The global zeolites market is a highly competitive market due to the presence of various international, regional, and local vendors. The demand for zeolites is expected to propel over the coming years due to rising investments in R&D by key players such as Tosoh Corporation, Clariant, and others. To expand the market, the majority of vendors are adopting new technologies and product launches to gain competitive advantage in the global market. The zeolites market is largely driven by new product launches and acquisitions.

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