Global Zeolite Market, By Type (Natural, Synthetic), Function (Ion-Exchange, Catalyst, Molecular Sieve), Synthetic Zeolites Application (Detergents, Absorbent, Catalysts) – Industry Trends and Forecast to 2029.
Zeolite Market Analysis and Size
Rising hygiene concerns and increased detergent usage are some major factors that boost the zeolite demand in the market during the forecast period. Zeolites are extensively used as adsorbents and catalysts in the petrochemical and oil refining industries. It is also used in construction and water treatment among other applications. The increasing demand for natural materials in, pet litter, agriculture and concrete is increasing the market's growth.
Data Bridge Market Research analyses that the zeolite market was valued at USD 12.10 billion in 2021 and is expected to reach USD 16.06 billion by 2029, registering a CAGR of 3.60% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Zeolite Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Natural, Synthetic), Function (Ion-Exchange, Catalyst, Molecular Sieve), Synthetic Zeolites Application (Detergents, Absorbent, Catalysts),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), Albemarle Corporation (U.S.), W R Grace (U.S.), Lenntech B.V. (Netherland), Honeywell International Inc (U.S.), Tosoh Corporation (Japan), Clariant (Switzerland), Arkema (France), Federation of Indian Mineral Industries (India), Union Showa KK, (Japan), Zeochem (Switzerland), KNT Group (Russia), Zeolyst International (U.S.), Huiying Chemical Industry(Xiamen) Co., Ltd. (China), Chemiewerk Bad Köstritz GmbH (Germany), NALCO India (India), Ningbo Jiahe New Materials Technology Co., Ltd. (China)
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Market Opportunities
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Market Definition
Zeolites are microporous, aluminosilicate minerals which is generally used as commercial catalysts and adsorbents. They are three dimensional, tetrahedral, crystalline minerals of aluminosilicate earth metals which belong to the acidic catalysts. It has a high melting point, a high-pressure resistance and a high oxidation resistance.
Global Zeolite Market Dynamics
Drivers
- Rising demand of zeolites in air purifiers
The high demand for zeolites is expected to increase rapidly due to the increase in use of zeolites as air purifiers and dehumidifiers. The zeolites have high adsorption and retention capacities even at high temperatures. The rising demand for zeolites is projected to drive the market's growth.
- Rising demand of natural zeolite
The development in population and migration of people from rural to urban areas, depletion of freshwater sources and scarcity of consumable water overall the world have increased the requirement for desalinated water. The natural zeolites are also used in water treatment applications where their ion-exchange property plays a vital role in the management of radioactive waste which has produced from petroleum production, nuclear reactors, gas purification and wastewater treatment. Also, these zeolites can absorb about 50.0% of their weight in liquid without expanding due to the exceptional absorption capacity. The rising demand of natural zeolite mainly in water treatment applications is anticipated to drive the market's growth rate.
Opportunities
- High demand of zeolite in petrochemical industry
Rising demand of zeolites from petrochemical industries is expected to lucrative opportunities for market growth. The rapid growth of the petrochemical industry has generated an expansion in the demand for zeolites for the manufacturing of several gases and chemicals. Also, growing investments in petrochemicals are expected to augment the demand for the zeolites during the forecast period. For, instance, the Abu Dhabi National Oil Co. (ADNOC) and Reliance Industries Ltd. have decided to construct a petrochemical plant worth USD 2.0 billion in UAE. This collaboration will lead to the establishment of a new project at Ta’ziz.
Furthermore, diversity in the usage of zeolite in end-user industry and rapid urbanization will further generate new opportunities for the global zeolite market during the forecast period of 2022- 2029.
Restraints/ Challenges
- Toxic nature of synthetic zeolites
Some zeolite dusts are considered as nuisance dusts because of their toxicity. Zeolites is also used in personal care products, raising major concerns over their potential toxicity. Zeolites are a complex group of silicates which can cause pulmonary diseases if inhaled. Moreover, when synthetic zeolites are used as catalysts, they are prone to clogging, which could lead to toxicity. Therefore, toxicity is a main limitation in the use of synthetic zeolites and act as major market restraints, for the growth of the zeolite market during the forecast period.
This zeolite market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the zeolite market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Zeolite Market
The outbreak of covid-19 had an adverse impact on the zeolite market. The severe disruptions in many manufacturing process and supply-chain operations has majorly affected the market growth rate. Several precautionary lockdowns imposed by governments to curb the spread of disease lead to massive financial setbacks for the market. Moreover, people are now more focused on removing non-essential expenses from their budgets, which has decreased the zeolite demand.
On the other side, the market is expected to recover as individual regulatory authorities begin to relax these enforced shutdowns and lockdowns. The cancelled and suspended operations will continue, and the market is projected to grow.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
In November 2021, the Indian Oil Corporation declared that they are increasing its capacity by 25 million tons per annum. The company is anticipated to rise its overall refining capacity from around 81 to 106 million tons per annum by 2023 - 2024.
Global Zeolite Market Scope
The zeolite market is segmented on the basis of type, function and synthetic zeolites application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Natural
- Synthetic
Function
- Ion-Exchange
- Catalyst
- Molecular Sieve
Synthetic Zeolites Application
- Detergents
- Absorbent
- Catalysts
Zeolite Market Regional Analysis/Insights
The zeolite market is analysed and market size insights and trends are provided by country, product type, function and synthetic zeolites application as referenced above.
The countries covered in the zeolite market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the zeolite market in terms of revenue and market share. This is due to strong availability of refrigerants and detergents along with stringent government regulations regarding the emission of greenhouse gas in this region.
Asia-Pacific is anticipated to be the fastest developing during the forecast period of 2022-2029 due to the growth of new petrochemical plants, water recycling plants and increasing demand for detergents, animal feed and cement production in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Zeolite Market Share Analysis
The zeolite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to zeolite market.
Some of the major players operating in the zeolite market are:
- BASF SE (Germany)
- Albemarle Corporation (U.S.)
- W R Grace (U.S.)
- Lenntech B.V. (Netherland)
- Honeywell International Inc (U.S.)
- Tosoh Corporation (Japan)
- Clariant (Switzerland)
- Arkema (France)
- Federation of Indian Mineral Industries (India)
- Union Showa KK, (Japan)
- Zeochem (Switzerland)
- KNT Group (Russia)
- Zeolyst International (U.S.)
- Huiying Chemical Industry (Xiamen) Co., Ltd. (China)
- Chemiewerk Bad Köstritz GmbH (Germany)
- NALCO India (India)
- Ningbo Jiahe New Materials Technology Co., Ltd. (China)
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