The global zeolites market is expected to reach USD 14.1 billion by 2026, at a compound annual growth rate (CAGR) of 3.1% between 2021 and 2026, due to an increase in zeolites’ demand in the detergent industry. The report “Zeolites Market by Type (Natural, Synthetic), Function (Ion-Exchange, Catalyst, Molecular Sieve), Synthetic Zeolites Application (Detergents, Absorbent, Catalysts), Natural Zeolites Application, and Region – Global Forecast to 2026” provides information on the global zeolites market.
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Go through the 335 market data tables and the 54 figures.
A comprehensive TOC on the “Zeolites Market – Global Forecast to 2026,” spanning 245 pages.
Among the well-known pivotal figures are:
Albemarle Corporation (United States)
German company BASF SE
Honeywell International Inc., the United States
Clariant, a Swiss company
W.R. Grace & Co. (United States)
TOSOH Corporation, a Japanese company
Union Showa KK, a Japanese company
Opportunity: Rising demand for adsorbents to drive market growth
Byproducts of petrochemical operations, volatile organic compounds (VOCs) pose a health and environmental risk. These are mostly released by the chemical and petrochemical industries and may be found in solvent-based paints, adhesives, sealants, printing inks, and many consumer goods. Breathing becomes difficult and the central nervous system is harmed by VOC emissions. One such VOC that is hazardous in nature is formaldehyde. Organizations such as the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) have formulated stringent regulations for the control of VOC emissions. This is one of the factors driving up demand for low-VOC materials. Zeolites encompass properties, such as non-flammability, thermal stability, and hydrophobicity, which makes them efficient adsorbents for the removal of VOCs. Zeolites have proven to be more effective than activated carbon for the removal of VOCs. Thus, the rising demand for absorbents for the removal of VOCs provides lucrative growth opportunities to manufacturers of zeolites.
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During the forecast period, the market with the fastest growth is the molecular sieve segment, based on function.
Zeolites can be utilized as molecular sieves by combining them in powdered form with binders and applying high pressure to the combination. Molecular sieves have a microporous structure and, hence, can sieve molecules as well as selectively absorb or separate certain substances. Applications for these sieves include adsorption, separation, and drying. Molecular sieves are frequently used in drying applications to create anhydrous solvents by removing moisture from liquids. Molecular sieves find extensive uses in areas such as hydrogen purification, natural gas dehydration, package protection, pollution & VOC (Volatile Organic Compounds) management, medicinal, and drying.
In the zeolites market, Asia Pacific is the area with the quickest growth.
2020 saw Asia Pacific take the lead in the world market for zeolites. The primary cause of this is the rise in zeolites’ demand from powerful nations like China, Japan, and India. In Asia Pacific, China is the biggest market for zeolites. In the Asia Pacific area, the market for refinery catalysts is being driven by a surge in the demand for transportation fuels.
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