Increasing incidence in demand from the construction sectors is driving the demand for the market.
Zeolites Market Size – USD 6.86 Billion in 2019, Growth - CAGR of 2.3%, Trends – High demand in the wastewater treatment sector.
The Global Zeolites Market is projected to reach USD 8.29 billion in 2027. Increasing investment in the development of new infrastructure in the global construction sector is expected to boost demand for the product. Along with their hygroscopic properties, and the ability to regulate pH, the use of Zeolites is common in building materials. Zeolites are pozzolanic materials, used to improve the strength of the structure.
The construction industry is experiencing tremendous development not only in developing markets but also in developed countries such as the United States. Global building sector expansion has contributed to the heightened use of cement. Cement production is a significant source of greenhouse gas emissions, and so Zeolites are used as a partial replacement for cement in construction materials.
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Top Companies: Lenntech BV, Zeolyst International, Zeocem Ltd., R. Grace Co-Conn, Albemarle Corporation, Bear River Zeolite, Anten Chemical Co., Ltd., IDA-ORE, Clariant, Teague Mineral Products, GruppoApostolicoTanagro, and NanoScape AG, among others.
Further Key Finding from the Report Suggestion:
- Due to the extreme advantages, such as improved strength and durability of Zeolites, the construction equipment is expected to remain the largest segment during the forecast period in terms of revenue.
- The worldwide high prevalence of wastewater and the resulting development of the water treatment industry are likely to increase demand for the market of Zeolites.
- In the forecast period, the soil remediation sector is expected to grow as a result of increasing soil contamination at a CAGR.
- In light of rapid infrastructural developments, Asia-Pacific is expected to be the leading region on the market over the forecast period.
- In September 2017, BASF recently invested in the third specialized zeolite plant in Ludwigshafen, Germany, increasing its specialty zeolite manufacturing capacity. BASF's specialty zeolites are extracted from natural aluminosilicates and are mainly used to manufacture catalysts for high-end emissions.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global Zeolites market is segmented into:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Granular Natural Zeolite
- Pelletized Natural Zeolite
- Powder Natural Zeolite
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Adsorbent
- Filtration
- Odor Control
- Soil Stabilizer
- Animal Feed
- Catalyst
- Others
End-Users Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Water Wastewater
- Chemical Petrochemical
- Construction
- Agriculture Horticulture
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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