Zeolite Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Zeolite Market Analysis :

Zeolite is a hydrated aluminosilicate mineral, which is made from interlinked tetrahedra of alumina (AlO4) and silica (SiO4). These reserves have relatively porous framework. This makes them suitable for employment in petrochemical, detergents, refrigeration, nuclear, concrete, and other end-user markets. Zeolites are commonly available in natural and synthetic forms; however, synthetic zeolites are used on a much higher scale than naturally occurring zeolites. Synthetic zeolite is broadly used as an absorbent due to its sieve-like structure. These sorts of zeolite are used for separation and adsorption throughout numerous industries, including detergents, water treatment, and oil & gas. The growth of the synthetic zeolites market is attributed to the improved consumption of detergents due to the rising population and demand for zeolites for use in various applications.

COVID-19 impact analysis

The outbreak of the COVID-19 pandemic has impacted the worldwide demand for zeolite merchandise, due to nation-wide lockdowns to contain the virus. Halted production and disrupted supply chains will result in plummeting demand for zeolite at a global level. Moreover, the demand for the consumer goods have been reduced drastically. The global lockdown has forced the government to shut down various manufacturing plants, which resulted in decline in demand for various consumer goods.

Market scenario analysis

Surge in need for nontoxic and hydrophilic adsorbents for waste water treatment and water purification is predicted to propel the demand for zeolites. Moreover, increase in consumption for gas separation is anticipated to fuel growth. Synthetic zeolite is broadly used as an absorbent due to its sieve-like shape. Upsurge in demand for petroleum and petrochemical products is predicted to result in accelerated use of catalysts, as it is an essential compound required in synthesis. Therefore, growth of the oil & gas industry is expected to result in high catalyst demand, which, in turn, is anticipated to positively impact the growth of the global market during the forecast period. The detergent builder’s segment is expected to maintain major revenue proportion within the global zeolite market, and is expected to maintain its dominance during the forecast duration. Rise in demand for detergents is expected to reinforce segment growth. Ample availability of raw materials is anticipated to be a key driver for zeolite market growth. The raw materials are, however, also used in a number of other applications, including paper, electronics, fabrication, and ceramics. This may result in hampering raw material supply for zeolites production, due to the expansion of the aforementioned industries.

Market drivers

Rise in demand for detergents; increase in hygiene awareness among consumers; rise in refining output; surge in need for natural merchandise in pet litters, agriculture, and concrete industries are expected to drive the growth of the global zeolites industry during the forecast period. In addition, upsurge in need for non-poisonous and hydrophilic adsorbents for wastewater treatment and water purification is predicted to propel product demand. Moreover, increase in consumption for fuel separation is anticipated to boost growth the forecast length. The growing requirement for food preservation in refrigeration functions will accelerate the requirement for zeolite-supported systems for adsorption refrigeration in the imminent period. Technological innovations aimed at enhancing manufacturing methods, coupled with low complexity within the production, are anticipated to have a positive effect on the industry. Stringent guidelines concerning environment protection by various governments are anticipated to be an essential driver for industry growth due to the ability of zeolites to reduce water and air pollution.

Regional insights

Implementation of stringent government rules in Europe concerning greenhouse gas emissions during manufacturing of detergents and refrigerants products are anticipated to drive the Europe zeolite market growth. Increase in need for refrigerants & detergents and increase in product utilization in advanced processing strategies in the nuclear industry for the elimination of nuclear waste are predicted to have a positive impact on the market growth.

Key benefits of the report

• This study presents the analytical depiction of the global zeolites industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global zeolites market share.
• The current market is quantitatively analyzed to highlight the global zeolites market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global zeolites market research report:

• Which are the leading market players active in the global zeolites market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Zeolite Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights