Global Synthetic Zeolites Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
The Synthetic Zeolites Market report has been segmented on the basis of type, application, and region.
Global Synthetic Zeolites Market: Overview
“The Synthetic Zeolites Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Synthetic zeolites are widely used in different applications for water absorption products for resins, coatings, sealants, and adhesives, etc. They have various advantages such as the ability to adjust pore size, higher surface areas, and higher adsorption capacity over natural zeolites.
Global Synthetic Zeolites Market: Dynamics
Increasing demand for catalysts and synthetic materials used in hydrocracking processes and catalytic cracking is expected to drive revenue growth of the target market.
Growing demand for synthetic zeolite owing to its usage for separation and adsorption across various industries such as detergents, water treatment, and the oil & gas industry is another factor expected to boost the growth of the global market.
In addition, various properties offered by these products such as refining, purification, and other systems that increase the aromatic content of refined products are expected to boost adoption of these products, which in turn is anticipated to drive the growth of the target market over the forecast period.
Global Synthetic Zeolites Market: Segment Analysis
Among the type segments, the zeolite Y segment is expected to account major revenue contribution in the global synthetic zeolites market in terms of revenue, owing to various features offered by the product such as durability, thermal stability, and reliable nature is expected to drive the growth of the target market over the forecast period.
Global Synthetic Zeolites Market: Regional Analysis
Currently, the Asia Pacific market is estimated to account for a major share in terms of revenue in the global synthetic zeolites market and is anticipated to register fast growth in terms of revenue over the next 10 years, owing to the presence of major manufacturers in countries in this region, coupled with increasing investments in end-use industries.
China market is projected to contribute a significant share in terms of revenue in the Asia Pacific market, whereas the Indian market is estimated to register a moderate CAGR over the next 10 years.
Rising awareness regarding various advantages offered by-products among manufacturers in China in this region are other factors driving the growth of the market in countries in this region.
The North American market is expected to grow at a higher growth rate over the forecast period, owing to the increasing adoption of zeolite molecular sieve in industries such as oil & gas, petrochemical, and other industries in countries such as the US and Canada.
Europe market is expected to follow the North American market in terms of revenue share in the global synthetic zeolites market, owing to the demand for catalysts for application in air-conditioning, refrigeration, water-purification systems, and others.
The markets in the Middle East & Africa and Latin America are anticipated to account for moderate revenue share in the global synthetic zeolites market, owing to the increasing use of synthetic materials in petrochemical, agriculture, and other sectors.
Global Synthetic Zeolites Market Segmentation:
Segmentation by Type:
- Zeolite Y
- Zeolite A
- Zeolite X,
- Zeolite Zsm-5
- Others (Including dietary supplements, wound care, silver zeolite, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Albemarle Corporation
- BASF SE
- Clariant AG
- Honeywell International, Inc.
- R. Grace & Co.
- TOSOH Corporation
- Union Showa KK
- Zeochem AG
- KNT Group
- Arkema SA
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