The Global Synthetic Zeolites Market accounted for USD 13.4 billion in 2016 and is projected to grow at a CAGR of 3.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Use of synthetic zeolites and other microporous oxides since 1950 has improved insulated windows, automobile air-conditioning, refrigerators, air brakes on trucks, laundry detergents, etc. Their large internal pore volumes, molecular-size pores, regularity of crystal structures, and the diverse framework chemical compositions allow “tailoring” of structure and properties. Thus, highly active and selective catalysts as well as adsorbents and ion exchangers with high capacities and selectivities were developed. In the petroleum refining and petrochemical industries, zeolites have made possible cheaper and lead-free gasoline, higher performance and lower-cost synthetic fibers and plastics, and many improvements in process efficiency and quality and in performance. Zeolites also help protect the environment by improving energy efficiency, reducing automobile exhaust and other emissions, cleaning up hazardous wastes (including the Three Mile Island nuclear power plant and other radioactive wastes), and, as specially tailored desiccants, facilitating the substitution of new refrigerants for the ozone-depleting chlorofluorocarbons banned by the Montreal Protocol.
Zeolites are the combination of microporous, aluminosilicate minerals mainly used as commercial adsorbents and catalysts. Zeolites are mainly used as ion-exchange beds in domestic and commercial water purification, softening and other applications. Synthetic zeolites are used in commercial &domestic, biological, agriculture, and horticulture applications.
Major Market Drivers: Synthetic Zeolites Market
- Growing detergent industry
- Growing demand for VOC adsorbents due to stringent regulations
Market Restraints: Synthetic Zeolites Market
- High cost of specialty zeolites
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Competitive Landscape: Synthetic Zeolites Market
The global synthetic zeolites market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Synthetic Zeolites Market
Some of the major players in the Albemarle Corporation, BASF SE, Honeywell International Inc, Clariant AG, Tosoh Corporation, W.R. Grace & Co., Union Showa K.K., Zeochem AG, KNT Group,Arkema S.A.,Pq Corporation, Chemiewerk Bad Köstritz GmbH, National Aluminium Company Limited (NALCO), Dalian Haixin Chemical Industrial Co., Ltd., Sorbead India, Rive Technology,Fujian Anten Chemical Co., Ltd., IQE Group and many more.
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Market Segmentation: Synthetic Zeolites Market
The Synthetic Zeolites market is segmented on the basis of type into Zeolite A, Zeolite Y, Zeolite X, Zeolite ZSM-5, and Others.
On the basis of application, the market is segmented into detergents, catalysts, adsorbents, dietary supplements, wound care, and others.
On the basis of geography, the synthetic zeolites market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
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