Global Synthetic Zeolites Market Overview
Synthetic zeolite market accounted for USD 10.17 Billion in 2020 and is estimated to be USD 14.17 Billion by 2030 and is anticipated to register a CAGR of 3.3%.
Synthetic zeolites have various advantages over natural zeolites such as the ability to adjust pore their size, higher adsorption capacity, and higher surface areas. They are extensively used in different applications for water absorption products for resins, sealants, coatings, and adhesives, etc.
Global Synthetic Zeolites Market Drivers & Restraints
Rising demand for synthetic zeolites from the detergent industry
Synthetic zeolites are expected to grow that fastest at a CAGR in terms of revenue from 2015 to 2022. The growing need for detergents, on account of rising consumer awareness regarding hygiene, is expected to subsequently augment industry growth. Detergent builders were the largest application segment of the Type and estimated at over 3,380.0 kilo tons in 2014. These Types are extensively used as binders in detergents. Several commercial detergents contain synthetic zeolites, which help in increasing their washing efficiency. Detergents containing synthetic zeolites have high adsorption capacity for liquid components, especially surfactants. Synthetic zeolites are used to manufacture compact and super compact detergents After the ban by the European Union (EU) on the use of Sodium Tripolyphosphate (STPP) in detergents to control the increasing level of soluble phosphorus in municipal wastewater, Zeolite A was considered an ideal substitute to STPP and witnessed a substantial increase in demand. IQE Group offers specialty zeolites to detergent manufacturers that help to lower energy consumption during detergent Type as well as lower the environmental impact.
However, the availability of substitutes along with raw material volatility and declining crude oil prices may hamper the growth of the target market over the forecast period.
Global Synthetic Zeolites Market Segmentations & Regional Insights
Synthetic zeolite market is segmented based on the type, application, function, and region.
Depending upon the type, the global business is categorized into Zeolite A, Type X, Type Y, USY, and ZSM-5. In terms of application, the worldwide industry is categorized into detergent builder, drying, separation & adsorption, and catalytic cracking & specialties. Based on the function, the overall market is segmented into ion-exchange, molecular sieve, and catalyst
Regional Insights:
Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market for natural zeolites is projected to account for a significant share in the foreseeable future. India is one of the leading markets for synthetic zeolites in the Asia Pacific region. Growing population, increasing industrialization, and infrastructure development coupled with economic growth are driving the growth of the target market in India. In addition, India accounts for incredible growth in the agriculture, automotive, aerospace, aviation, architectural materials, chemicals, and water filtration sectors which in turn is driving the growth of adsorbents in the country.
Synthetic Zeolites Market Report Scope:
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020 – 2030 |
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
Market Segmentation |
By Types - Zeolite Y, Zeolite A, Zeolite X, Zeolite Zsm-5, and Others. By Application– Detergents, Adsorbents, Catalysts, and Others (Including dietary supplements, wound care, silver zeolite) By Function- Ion-Exchange, Molecular Sieve, and Catalyst |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global synthetic zeolite market report based on type, application, function, and region.
Synthetic Zeolites Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- U.S.
- Canada
- Middle East & Africa
Global Synthetic Zeolites Market Competitive Landscape & Key Players
The key players operating in the synthetic zeolite market include BASF SE, Tosoh Corporation, Honeywell International Inc., Union Showa K.K., Chemiewerk Bad Köstritz GmbH, Anhui Mingmei MinChem Co., Ltd., R. Grace & Co., Arkema Group, Interra Global Corporation, and National Aluminium Company Limited (NALCO). Product launches are the key strategies adopted by the players in the overall synthetic zeolite market. For instance, in August 2018, BASF SE introduced Luminate, a Fluid Catalytic Cracking (FCC) catalyst for gas and oil refiners. This catalyst will improve coke selectively and maximize the profitability of refineries. It is based on BASF’s Improved Zeolite Y (IZY) technology.
Global Synthetic Zeolites Market Company Profile
- BASF SE
- Tosoh Corporation
- Honeywell International Inc.
- Union Showa K.K.
- Chemiewerk Bad Köstritz GmbH
- Anhui Mingmei MinChem Co., Ltd.
- R. Grace & Co.
- Arkema Group
- Interra Global Corporation
- National Aluminium Company Limited (NALCO)
Global Synthetic Zeolites Market Highlights
FAQs
Synthetic Zeolites market is segmented based on Types, function, application, and region.
The growing need for detergents, on account of rising consumer awareness regarding hygiene, is expected to subsequently augment industry growth
The Asia Pacific market for natural zeolites is projected to account for a significant share in the foreseeable future. India is one of the leading markets for synthetic zeolites in the Asia Pacific region. Growing population, increasing industrialization, and infrastructure development coupled with economic growth are driving the growth of the target market in India.
The key players operating in the synthetic zeolite market include BASF SE, Tosoh Corporation, Honeywell International Inc., Union Showa K.K., Chemiewerk Bad Köstritz GmbH, Anhui Mingmei MinChem Co., Ltd., R. Grace & Co., Arkema Group, Interra Global Corporation, and National Aluminium Company Limited (NALCO).