02 December 2019
The Zeolite Market Report 2020-2030: Forecasts by Product Type (Natural and Synthetic), Application (Adsorbents, Catalysts, Detergents, and Other Applications), End-user Industry (Water Treatment, Air Purification, Agriculture, Petrochemical, Construction, and Other End-user Industries), and analysis of leading companies operating in this industry.
The global market size of zeolite is estimated to exceed USD 34.64 billion by 2020 and is expected to grow over the forecast period at a CAGR of more than 2.7 percent. One of the main factors leading to the growth of the zeolite market is the growing use of lightweight detergents. Zeolite has an excellent ability to absorb liquid materials and therefore serves as a surfactant. This product has helped produce lightweight detergents that are high in surfactants. Compact detergents have unique features for low dosage use and have a high content of surfactants. Zeolites are effective suitable builders to achieve the necessary powder characteristics and desired bulk densities in laundry detergents.
The product's non-toxicity and low cost enables them to be used to protect antimicrobials including yeasts, bacteria, and spores. Increasing use of zeolite antiseptics over the forecast period is expected to increase production. Such products require low technological complexity as well as initial investment in infrastructure. In addition, there has been a significant growth in high demand for catalysts, adsorbents, and detergent producers. Therefore, detergent industry growth is expected to play a significant role in market growth over the forecast period.
Technological innovations for enhancing the manufacturing processes are expected to have a positive impact on the industry, coupled with low complexity in output. Due to its ability to minimize water and air pollution coupled with strict environmental regulations by various governments are expected to be a key driver of industry growth. Such materials are commonly used in the refining of commodities such as gasoline, diesel and other fuels as catalysts for petroleum.
As a manufacturer material in liquid and powder detergents, growing demand for detergents is expected to be driven rising consumer awareness of hygiene. Therefore, the growth of oil & gas industries combined with increasing demand for catalysts providing higher yields is expected to increase demand over the forthcoming years. In addition, increased water treatment activities for wastewater treatment as well as water purification are expected to drive demand for the product as adsorbents.
Throughout the forecast period, Europe is expected to remain the major contributor to the zeolite market. The primary reason for the growth of Europe zeolite market is the need to eliminate nuclear waste in this region. In addition, its use in the treatment of waste water and the purification and drying of gases will also stimulate the growth of the zeolite market in this region.
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