Zeolite Market Scope
Zeolite refers is a hydrated aluminosilicate minerals which is used as commercial adsorbents and catalysts made from interlinked tetrahedra of alumina (AlO4) and silica (SiO4). It generally of three-dimensional crystalline frameworks of tetrahedral structures like barium, calcium, lithium, sodium, potassium and magnesium. Zeloite is used for water treatment, construction, detergent and others. It has excellent properties as high melting point, high resistance to oxidation and high pressure resistant.
According to AMA, the Global Zeolite market is expected to see growth rate of 3.8% and may see market size of USD35.26 Billion by 2026.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Zeolite market throughout the predicted period.
Albemarle Corporation (United States), TOSOH Corporation (Japan), PQ Corporation (United States), BASF SE (Germany), Honeywell International, Inc (United States), Clariant AG (Switzerland), W.R. Grace & Co. (United States), Union Showa KK, (Japan), Zeochem AG (Switzerland), KNT Group (Russia), Arkema SA (France), Zeolyst International (United States), Chemiewerk Bad Kostritz GMBH (Germany) and National Aluminium Company Limited (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Huiying Chemical Industry (China), Bear River (United States) and Blue Pacific Minerals (New Zealand).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Zeolite market by Type (Natural zeolite and Synthetic zeolite), by Application (Petrochemicals, Detergent in Light Industry, Building & Concrete and Others) and Region with country level break-up. On the basis of Type, Synthetic are dominating the market in the year 2020
On the basis of geography, the market of Zeolite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2020. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 22nd July 2020, BASF announced today the commercial launch of Altrium™, a new Fluid Catalytic Cracking (FCC) catalyst for mild to heavy resid feedstock. Altrium incorporates BASF’s newest Advanced Innovative Matrix (AIM) and the proven technology IZY (Improved Zeolite-Y). It has been optimized to increase transportation fuels yield (gasoline and distillate) while having a deeper coke selective bottoms conversion of resid feeds.
In December 2017, Albemarle Corporation launched Granite, a new technology for the Fluid Catalytic Cracking (FCC) catalyst market. The line of products introduced to the market under this technology include PEAK, Everest, and Denali. Granite expands catalyst formulation and enables refiners to maximize their profitability.
Market Trend
- Technological Innovations Aimed At Improving Manufacturing Processes
Market Drivers
- Rising Hygiene Awareness Among Consumer and High Growth Rate Of Detergent Market
- Increasing Water Treatment Activities For Treating Waste Water As Well As Water Purification
- Expansion Of Oil & Gas Industries
- Rise In Use Of Zeolite As Refrigeration Adsorbent
Opportunities
- Applications In Agricultural And Household Products
- Growth In Water Treatment Industry
Restraints
- Stringent Government Regulations For Environmental Protection
- High Cost Of Transportation
Challenges
- Toxic Nature of Synthetic Zeolites
Key Target Audience
Zeloite Supplier, Association & Government Bodies, Research Labrotary and Others